THE JAKET FOUNDATION: Form 990PF, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- THE JAKET FOUNDATION (EIN 04-6878795)
- Tax period
- 2024-01-01 to 2024-12-31
- Filed
- 2025-11-17
- IRS object ID
- 202523219349105417
- Schema version
- 2024v5.2
- 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 Bonds Schedule
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-11-17T14:38:58-06:00 | ReturnTs |
| Tax Period End | 2024-12-31 | 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 | 2024-01-01 | 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 | 2025-11-17 | 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 | 2025-11-17 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $218,849,956 | 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 | $5,000,000 | ContriRcvdRevAndExpnssAmt |
| Dividends Rev And Expnss | $4,422,565 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $4,422,565 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $3,235,535 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $10,831,511 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $3,235,535 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $9,857,067 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $9,798,317 | OtherIncomeNetInvstIncmAmt |
| Other Income Adj Net Incm | $58,750 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $22,515,167 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $17,456,417 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $58,750 | 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 | $13,611 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $13,611 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $771,269 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $551,343 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Adj Net Incm | $0 | OtherProfFeesAdjNetIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $219,926 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $87,360 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $50,382 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $0 | TaxesAdjNetIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $3,386,382 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $3,386,166 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $0 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $216 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $4,258,622 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $3,987,891 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $233,753 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $15,163,961 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $15,163,961 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $19,422,583 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $3,987,891 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $15,397,714 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $3,092,584 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $13,468,526 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $58,750 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $5,519,226 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $18,398,650 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $18,398,650 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $11,147,537 | CorporateStockBOYAmt |
| Corporate Stock EOY | $10,056,750 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $10,775,698 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $3,745,940 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $5,692,232 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $5,752,462 | CorporateBondsEOYFMVAmt |
| Other Investments BOY | $89,482,628 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $95,562,201 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $183,923,146 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $109,895,331 | TotalAssetsBOYAmt |
| Total Assets EOY | $129,709,833 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $218,849,956 | 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 | $75,981,613 | RetainedEarningBOYAmt |
| Retained Earning EOY | $95,796,115 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $109,895,331 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $129,709,833 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $109,895,331 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $129,709,833 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $109,895,331 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $3,092,584 | ExcessRevenueOverExpensesAmt |
| Other Increases | $16,721,918 | OtherIncreasesAmt |
| Subtotal | $129,709,833 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $129,709,833 | 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 | $7,549,857 | $7,595,976 | -$46,119 | -$46,119 | |
| CAPITAL GAINS DIVIDENDS | $3,281,654 | $3,281,654 | $3,281,654 | P |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $3,235,535 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $187,213 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $187,213 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $187,213 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $0 | 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 | $0 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $4,505 | EsPenaltyAmt |
| Tax Due | $191,718 | 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 | $553,695 |
| MORGAN STANLEY | |||||
| 28 STATE STREET 26TH FLOOR | BOSTON | MA | 02109 | INVESTMENT ADVISORY | $137,599 |
| 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 | $196,114,950 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $14,596,846 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $210,711,796 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $210,711,796 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $3,160,677 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $207,551,119 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $10,377,556 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $10,377,556 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $187,213 | TaxBasedOnInvestmentIncomeAmt |
| Income Tax | $27,490 | IncomeTaxAmt |
| Total Tax | $214,703 | TotalTaxAmt |
| Distributable Before Adj | $10,162,853 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $10,162,853 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $10,162,853 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $15,397,714 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $15,397,714 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $10,162,853 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $3,657,130 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr1 | $4,581,070 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $8,238,200 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $15,397,714 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $10,162,853 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $5,234,861 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $13,473,061 | 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 | $3,657,130 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $9,815,931 | ExcessDistriCyovToNextYrAmt |
| Excess From Year1 | $4,581,070 | ExcessFromYear1Amt |
| Excess From Current Year | $5,234,861 | 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 (31 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt | Address Line2RecipientUSAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|---|
| RED SOX FOUNDATION | |||||||
| 4 JERSEY STREET | BOSTON | MA | 02115 | PC | BIG BROTHERS BIG SISTERS DONATED SEATS AT THE MAY 30TH GAME | $14,000 | |
| SEACOAST CLASSICAL ACADEMY | |||||||
| 53 CARLTON E SOCKWELL WY | NEWTON | NH | 03858 | PC | FIRST INSTALLMENT OF A FIVE YEAR PLEDGE | $100,000 | |
| BIG BROTHER BIG SISTER EASTERN MA (PREVIOUSLY MASS BAY) | |||||||
| 184 HIGH ST 3RD FLOOR | BOSTON | MA | 02110 | PC | FIRST INSTALLMENT OF FIVE YEAR COMMITMENT | $250,000 | |
| BOYS AND GIRLS CLUBS OF BOSTON | |||||||
| 200 HIGH STREET 3RD FLOOR | BOSTON | MA | 02110 | PC | FIRST OF FOUR YEAR PLEDGE TO SUPPORT SOCIAL WORKER | $250,000 | |
| RON BURTON TRAINING VILLAGE | |||||||
| 71 HIGH BRIDGE RD | HUBBARDSTON | MA | 01452 | PC | TO SUPPORT THE CAPITAL CAMPAIGN | $87,500 | |
| MOTHER CAROLINE ACADEMY | |||||||
| 515 BLUE HILL AVE | DORCHESTER | MA | 02121 | PC | ANNUAL COMMITMENT AND 2024 CLASS SPONSORSHIP | $235,000 | |
| MV YOUTH | |||||||
| PO BOX 65 | CHILMARK | MA | 02535 | PC | 2024 FOUNDERS GIFT | $25,000 | |
| UNCF | |||||||
| 240 COMMERCIAL STREET UNIT 4A | BOSTON | MA | 02109 | PC | CURRICULUM AND CONSULTANT SUPPORT FOR PROJECT ACCLAIM LAUNCH | $541,830 | |
| UNCF | |||||||
| 240 COMMERCIAL STREET UNIT 4A | BOSTON | MA | 02109 | PC | ENDOWMENT AND SUBSIDY GRANTS FOR PROJECT ACCLAIM LAUNCH | $4,500,000 | |
| FALMOUTH ROAD RACE | |||||||
| 155 KATHARINE LEE BATES ROAD PO BOX | FALMOUTH | MA | 02541 | PC | HIGH SCHOOL MILE, SCHOLARSHIP MATCH, SPONSORSHIP | $102,500 | 732 |
| ROXBURY COMMUNITY COLLEGE FOUNDATION | |||||||
| 1234 COLUMBUS AVE | BOSTON | MA | 02120 | PC | MATCHING GRANT COMMITMENT FOR THE JACKIE JENKINS-SCOTT BRIDGE ENDOWED FUND | $333,333 | |
| PARK COUNTY COMMUNITY FOUNDATION | |||||||
| 104 S MAIN ST | LIVINGSTON | MT | 59047 | PC | 2024 GIVE A HOOT MATCHING CAMPAIGN | $96,920 | |
| RON BURTON TRAINING VILLAGE | |||||||
| 71 HIGH BRIDGE RD | HUBBARDSTON | MA | 01452 | PC | FIRST PAYMENT OF A 3-YEAR PLEDGE TO ESTABLISH AND SUPPORT WEEK-LONG YOUTH RETREATS AT RON BURTON TRAINING VILLAGE. | $330,000 | |
| CITY BALLET OF BOSTON | |||||||
| 284 AMORY ST | BOSTON | MA | 02130 | PC | TO SUPPORT DEVELOPMENT STAFF | $150,000 | |
| GREATER BOSTON FOOD BANK | |||||||
| 70 S BAY AVE | BOSTON | MA | 02118 | PC | TO SUPPORT THE WOMEN FIGHTING HUNGER BREAKFAST | $1,000 | |
| BOYS AND GIRLS CLUB BOSTON | |||||||
| 200 HIGH STREET 3RD FLOOR | BOSTON | MA | 02110 | PC | YOUTHCONNECT BREAKFAST SPONSORSHIP | $5,000 | |
| COLLEGE LIGHT OPERA COMPANY | |||||||
| PO BOX 906 | FALMOUTH | MA | 02541 | PC | SUPPORT FOR 2025 DEVELOPMENT POSITION | $50,000 | |
| COLLEGE LIGHT OPERA COMPANY | |||||||
| PO BOX 906 | FALMOUTH | MA | 02541 | PC | TO SUPPORT THE 2025 DEI SCHOLARSHIP PROGRAM | $50,000 | |
| LOPPET FOUNDATION | |||||||
| 1221 THEODORE WIRTH PKWY | MINNEAPOLIS | MN | 55422 | PC | SUPPORT FOR LOPPET WORLD CUP | $491,878 | |
| YOUTH ENRICHMENT SERVICES | |||||||
| 412 MASSACHUSETTS AVENUE | BOSTON | MA | 02118 | PC | ANNUAL GRANT | $355,000 | |
| YEAR UP | |||||||
| 45 MILK STREET | BOSTON | MA | 02109 | PC | TO SUPPORT ALUMNI PROGRAMMING | $535,000 | |
| CAMP HARBOR VIEW | |||||||
| 200 CLARENDON STREET | BOSTON | MA | 02116 | PC | ANNUAL TRANSPORTATION SPONSORSHIP | $400,000 | |
| LIFE SCIENCE CARES | |||||||
| PO BOX 425486 | CAMBRIDGE | MA | 02142 | PC | MATCHING GRANT FOR FUNDS RAISED FOR PROJECT ONRAMP | $1,000,000 | |
| UNIVERSITY OF WISCONSIN | |||||||
| 500 LINCOLN DR | MADISON | WI | 53706 | PC | SUPPORT FOR SCHOOL OF BUSINESS DEI PLAN | $1,500,000 | |
| HARVARD MEDICAL SCHOOL | |||||||
| 25 SHATTUCK STREET | BOSTON | MA | 02115 | PC | Q-FASTR YEAR 4 PAYMENT | $2,000,000 | |
| THE VARSITY COLLECTIVE CHARITABLE FUND | |||||||
| 150 E GILMAN ST STE 5000 | MADISON | WI | 53703 | PC | SUPPORT FOR BUCKY'S BUDDIES PROGRAM | $250,000 | |
| HEADING HOME | |||||||
| 186 MASSACHUSETTS AVENUE | BOSTON | MA | 02115 | PC | GENERAL OPERATING SUPPORT | $10,000 | |
| SOCIAL INNOVATION FORUM | |||||||
| 77 FRANKLIN ST 9TH FLR | BOSTON | MA | 02110 | PC | GENERAL OPERATING SUPPORT | $250,000 | |
| BREAKTIME | |||||||
| 63 FRANKLIN ST | BOSTON | MA | 02110 | PC | GENERAL OPERATING SUPPORT | $50,000 | |
| ONE GOAL FOUNDATION | |||||||
| 180 N WABASH AVE SUITE 800 | CHICAGO | IL | 60673 | PC | TO SUPPORT ONE GOAL PROGRAMS IN MILWAUKEE | $500,000 | |
| ELEVATED THOUGHT | |||||||
| 15 UNION ST 608 | LAWRENCE | MA | 01840 | PC | GENERAL OPERATING SUPPORT | $700,000 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $15,163,961 | 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 | $4,422,565 | ExclusionAmt |
Other Investment Income OtherInvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Incm | $9,798,317 | RelatedOrExemptFunctionIncmAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $3,235,535 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MISCELLANEOUS REVENUE | Desc |
| Related Or Exempt Function Incm | $58,750 | RelatedOrExemptFunctionIncmAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $7,658,100 | ExclusionAmt |
| Related Or Exempt Function Incm | $9,857,067 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $17,515,167 | 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 | $5,000,000 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING | CategoryTxt |
| Amt | $13,611 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $13,611 | DisbursementsCharitablePrpsAmt |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond | CORPORATE BONDS | BondNm |
| EOY Book Value | $5,692,232 | EOYBookValueAmt |
| EOYFMV | $5,752,462 | EOYFMVAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| MUTUAL FUNDS | $50,535 | $57,410 |
| CORPORATE STOCK | $10,006,215 | $10,718,288 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (4 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| VENTURE FUNDS | AT COST | $4,224,695 | $7,188,879 |
| EQUITIES | AT COST | $210,409 | $426,778 |
| OTHER INVESTMENTS | AT COST | $11,408,866 | $12,184,727 |
| ALTERNATIVE INVESTMENTS | AT COST | $79,718,231 | $164,122,762 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| MA FORM PC FILING FEE | $1,000 | $1,000 | $0 | $0 |
| WIRE TRANSFER FEES | $216 | $0 | $0 | $216 |
| MISCELLANEOUS INVESTMENT DEDUCTIONS FROM K-1S | $3,385,166 | $3,385,166 | $0 | $0 |
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 | $9,798,317 | $9,798,317 | |
| MISCELLANEOUS REVENUE | $58,750 | $58,750 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | TIMING DIFFERENCES | Desc |
| Amt | $16,721,918 | Amt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (5 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| INVESTMENT MANAGEMENT FEES | $413,744 | $413,744 | $0 | $0 |
| GRANTWRITING EXPENSES | $55,000 | $0 | $0 | $55,000 |
| INVESTMENT FEE | $137,599 | $137,599 | $0 | $0 |
| HOWLAND CAPITAL EXPENSES | $139,951 | $0 | $0 | $139,951 |
| CONSULTANT | $24,975 | $0 | $0 | $24,975 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| FOREIGN TAX | $50,382 | $50,382 | $0 | $0 |
| FEDERAL TAX PAYMENTS | $36,978 | $0 | $0 | $0 |