2023-11-14T07:38:41-06:00 2022-12-31 010494526 Baker Newman & Noyes PO Box 507 Portland ME 04112 990 2022-01-01 046016400 Garland Memorial Fund GARL 6172484064 Choate Hall Stewart PO Box 961 Boston MA 02196 Charles A Cheever Trustee 6172484064 2023-11-14 1 Charles Cheever 999009999 0 Nicholas E Porto P01310283 2078792100 2023-11-14 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z Charles A Cheever Choate Hall Stewart PO Box 961019 Boston MA 02196 1024425 0 X N/A X 1903 MA Grants to the Elizabeth Peabody House Association, Inc. 2 0 0 0 0 0 0 0 0 0 184033 -61008 0 0 184033 -61008 65000 60000 0 0 0 0 0 0 0 27729 21661 92729 81661 91304 -142669 1701689 1248980 0 0 1701689 1248980 The Garland Fund will be used or applied in some suitable and convenient manner for the benefit of charitable schools for children in the kindergarten system in connection with the Elizabeth Peabody House Association, Inc. 0 0 71231 60000 The Garland Fund will be used or applied in some suitable and convenient manner for the benefit of charitable schools for children in the kindergarten system in connection with the Elizabeth Peabody House Association, Inc. 71231 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 1 2 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 2 0 1 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 MA X Choate Hall & Stewart LLP 6172484064 Choate Hall Stewart PO Box 961019 Boston MA 02196 X Charles Cheever Trustee 1.00 0.00 X 0 0 0 F Davis Dassori Trustee 1.00 0.00 X 0 0 0 William A Lowell Trustee (end 4/2022) 1.00 0.00 X 0 0 0 0 0 0 0 0 0 0 0 21522 21522 1002903 1085433 -82530 -82530 -82530 -61008 0 0 -61008 60000 60000 655 655 3250 1625 1625 17721 9571 8150 MA Form PC filing fees 35 35 81661 71231 10430 0 78294 36483 1623395 1212497 1701689 1248980 0 0 X 0 0 0 0 1701689 1248980 1701689 1248980 1701689 1248980 X -142669 -313430 3390 X 0 0 0 X X 1 Elizabeth Peabody House Association 042104827 10 1 60000 11196 1 60000 11196 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 40562 0 0 0 53069 21522 93631 21522 0 0 21695 10430 0 0 71936 11092 1601189 1340165 77864 63053 0 0 1679053 1403218 0 0 0 1679053 1403218 25186 21048 1653867 1382170 57885 48376 0 0 57885 48376 71936 61146 57885 61146 0 61146 60000 0 11196 0 0 0 71196 60000 61146 98.130000000000 61146 0 0 0 0 38319 70499 108818 0 61146 0 47672 71196 0 71196 0 0 118868 0 0 0 47672 71196 Schedule A, Part I, Line 12g, Column (vi): The Garland Memorial Fund exists exclusively to generate earnings on its investments in order to fund charitable grants to the Elizabeth Peabody House Association, and other named charitable-educational institutions. Almost all annual cash outlays paid by the Fund, other than grants, are for investment advisory fees, tax-compliance costs, minor administrative expenses, and state and tax filing fees. These costs are incurred by the Fund as a direct result of its investment activity, its grant-generating process, and its tax compliance requirements. Accordingly, all Fund expenditures in a given year are incurred in pursuit of the Trust's primary mission to support the Association. Therefore, all other operating costs incurred by the Fund can accurately be said to represent other monetary support paid for by the Fund for the benefit of the Association, the Fund's named supported organization. Schedule A, Part IV, Section D, Lines 2-3: The Fund exists to provide significant and meaningful support to its supported organization, the Elizabeth Peabody House Association (the Association). In so doing, the Fund is responsive to the needs of and maintains a close working relationship with the Association. The Fund's original and still-active governing documents, which were originally drafted and put into effect at the Fund's inception in 1903, mandate that the Fund's Trustees are required to either: (1) pay over to the Treasurer of the Association, or by some other person designated by the Treasurer of the Association, all or part of the income of the Fund to be applied by said Treasurer for the maintenance of a kindergarten system or in connection with the Association directly; (2) apply all or any part of the Fund's income for the benefit of any kindergarten school or school-system in connection with the Association; (3) accumulate the Fund's income to grow the Fund's investments' principal; or (4) perform a combination of these three actions. In addition, the Fund has not supported any other entity than the Association for as long as records are readily available, which covers multiple decades. The Fund's governing documents indicate that decisions regarding how much of the Fund's income to pay and in what manner to pay it shall be in the absolute and uncontrolled discretion of the Fund's Trustees. That said, the Fund's governing documents also state that meeting the needs of the Association is to be prioritized as the Fund's primary purpose and mission. Additionally, in its annual notice of support and fund administration, the Fund invites the Association's leadership to an annual meeting with the Fund's Trustees to review and discuss (a) how the Fund's financial support is incorporated into the Association's educational programs, (b) the management and investment philosophy of the Fund's assets, (c) investment strategies, and (d) program-funding. None of the Fund's Trustees are directly appointed or elected by the Association. However, the investments and endowments of both the Fund and the Association are managed by Choate Hall & Stewart (Choate). Additionally, for many years the Trustees of the Fund have been partners of Choate. Through this mutual relationship with Choate, the Association and the Fund are able to coordinate similar asset-management philosophies and strategies to ensure that the Fund's investments generate a return adequate to meet the Association's program-funding needs. As stated previously, the Fund has existed to provide funding and support to the Association since its formation in 1903. This historic relationship, taken in consideration with the aforementioned facts and circumstances, establishes that the Fund has maintained a supportive, historic, and continuous relationship with the Association in a manner that ensures that it is responsive to the needs and demands of the Association, and that is consistent with the Responsiveness Test as described in Regulation Sections 1.509(a)-4(i)(3)(ii) and 1.509(a)-4(i)(3)(iii). Schedule A, Part V, Section D, Line 8: In its tax year ending December 31, 2022, the Garland Memorial Fund (the Fund) paid direct grants of $60,000 to the Elizabeth Peabody House Association (the Association) to support kindergarten and early childhood education. The Association's contribution revenue over the past three years, based on the Association's available tax returns (2018-2020), has averaged $519,056. Therefore, the Fund's 2022 grants to the Association have exceeded 10% of the Association's three year average contribution-revenues and thus satisfies the attentiveness test as described in Regulations Section 1.509(a)-4(i)(5)(iii)(B)(1). The Fund's operations and relationship with the Association also pass the attentiveness test for the following reasons: (1) The Association is the primary named supported Organization in the Fund's governing documents; as such, being aware of and supporting the needs of the Association remains the Fund's primary exempt purpose. (2) The Fund and the Association have a consistent and historic relationship since 1903 for the Fund to provide funding for the Association's early childhood education programs. As the Fund has operated exclusively to provide support to the Association since 1903, the Fund's supportive activities pre-date the Service's modern interpretation of the attentiveness test, as established in 1970 and described in the Instructions for Schedule A. For many decades, the Fund has worked in coordination the Association, and has been a reliable, continuous, historic, and valuable source of funding. Without the Fund's assistance, many of the Association's key program-services would be at risk of funding shortfalls. As addressed in the supplementary disclosure for the Fund's Form 990, Schedule A, Part IV, Section D, Lines 2-3, the Trust's operations and relationship with the Association also satisfy the Responsiveness Test. Therefore, the Fund satisfies both the Responsiveness and the Attentiveness Tests. Accordingly, 100% of the Fund's annual grants paid to the Association have been shown on the Fund's Schedule A, Part V, Section D, Line 8, distributions to attentive supported organizations to which the organization is responsive. 1 Elizabeth Peabody House Association 277 Broadway Somerville MA 02145 042104827 501(c)(3) 60000 0 Funding for early childhood education 1 0 Part I, Line 2: The Garland Memorial Fund's primary exempt mission is to generate funds and investment-earnings to be used in the support of the Elizabeth Peabody House Association. As such, the Association is the only organization to which the Fund awards charitable donations. Records and documentation of the Fund's annual giving and support of the Association is maintained in the Fund's portfolio statements. William A Lowell Trustee 17721 William A. Lowell, who served as a Trustee on the Garland Memorial Fund's Board of Trustees until April 2022, is also a partner with Choate Hall & Stewart, a Massachusetts-based investment advisory and financial services firm. Due to his position with the firm, Mr. Lowell exercises a significant voice over the firm's operations. As part of an on-going relationship, the trustees of the Fund delegate investment responsibility to Choate Investment Advisors, LLC, a registered investment advisor subsidiary of Choate Hall & Stewart. In its 2022 tax year, the Fund paid Choate Hall & Stewart $17,721 for investment and advisory services. 0 F Davis Dassori Trustee 17721 F. Davis Dassori, who serves as a Trustee on the Garland Memorial Fund's Board of Trustees, is also a partner with Choate Hall & Stewart, a Massachusetts-based investment advisory and financial services firm. Due to his position with the firm, Mr. Dassori exercises a significant voice over the firm's operations. As part of an on-going relationship, the trustees of the Fund delegate investment responsibility to Choate Investment Advisors, LLC, a registered investment advisor subsidiary of Choate Hall & Stewart. In its 2022 tax year, the Fund paid Choate Hall & Stewart $17,721 for investment and advisory services. 0 Charles Cheever Trustee 17721 Charles Cheever, who serves as a Trustee on the Garland Memorial Fund's Board of Trustees, is also a partner with Choate Hall & Stewart, a Massachusetts-based investment advisory and financial services firm. Due to his position with the firm, Mr. Cheever exercises a significant voice over the firm's operations. As part of an on-going relationship, the trustees of the Fund delegate investment responsibility to Choate Investment Advisors, LLC, a registered investment advisor subsidiary of Choate Hall & Stewart. In its 2022 tax year, the Fund paid Choate Hall & Stewart $17,721 for investment and advisory services. 0 Form 990, Part VI, Section A, line 2 The trustees of the Organization, William A. Lowell, Charles Cheever and F. Davis Dassori, have a business relationship. Form 990, Part VI, Section A, line 3 The trustees of the Organization delegate investment responsibility to Choate Investment Advisors, LLC, a registered investment advisor subsidiary of Choate Hall & Stewart, LLP. Form 990, Part VI, Section A, line 8b The Trust does not have committees with the authority to act on behalf of the governing body. Form 990, Part VI, Section B, line 11b The annual Form 990 (and state Form PC) are provided to the managing trustee, Charles Cheever, an attorney and professional fiduciary, for his review and signature prior to those forms being filed. Mr. Cheever, as a practicing attorney and professional fiduciary, is familiar with the form and filing requirements for tax-exempt organizations. He is expressly authorized by his co-trustee, F. Dassori, also an attorney and professional fiduciary, to review and sign the annual tax filings. Form 990, Part VI, Section C, line 19 The Fund makes all documents available upon request. Form 990, Part XI, line 9: Tax refund deposits 3,390. Elizabeth Peabody House Association 275 Broadway Somerville MA 02145 042104827 Child day care and education MA 501(c)(3) Line 10 N/A 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0