2016-04-07T15:56:53-05:00 2015-11-30 010494526 BAKER NEWMAN & NOYES 175 FEDERAL STREET SUITE 970 BOSTON MA 02110 990 2014-12-01 046016148 Trust UW Amy Lowell 10th Clause TRUS 6172485255 Choate LLP PO Box 961019 Boston MA 02110 William A Lowell Trustee 6172485255 2016-04-05 1 Nicholas E Porto P01310283 6175563900 2016-04-05 2014 2016-08-17 19:52:53Z William A Lowell Choate LLP PO Box 961019 Boston MA 02110 6277995 0 X www.amylowell.org X 1925 MA Support of Houghton Library at Harvard College 2 0 0 0 0 0 0 0 0 0 1266816 755793 900 125 1267716 755918 732586 795210 0 0 0 0 0 0 0 183578 257528 916164 1052738 351552 -296820 24230571 22730713 0 0 24230571 22730713 Support of Houghton Library at Harvard College and the Amy Lowell Poetry Travelling Scholarship. 0 0 754986 724460 Harvard College - For purchase of books and manuscripts to maintain, increase, and enhance the "Amy Lowell Collection" of the Houghton Library in accordance with Article 10 of the will of Amy Lowell. 73731 70750 Poetry awards to individuals to spend one year outside of the continent of North America to advance the art of poetry (see Schedule I, Part III). 828717 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 1 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 1 0 0 0 0 0 0 MA X Choate Hall & Stewart LLP 6172485255 Choate LLP PO Box 961019 Boston MA 02110 X William A Lowell Trustee 1.00 X 0 0 0 Thomas HP Whitney Jr Trustee 1.00 X 0 0 0 0 0 0 0 0 0 0 Choate Hall & Stewart LLP Two International Place Boston MA 02110 Investment Management, Tax Prep, Recordk 204270 1 600764 600764 125 125 5677106 5522077 155029 155029 155029 755918 0 0 755918 724460 724460 70750 70750 158386 15839 142547 35184 35184 14700 14700 Probate Petition 31590 31590 Honoraria to Scholars 17400 17400 State Filing Fee 250 250 18 18 1052738 828717 224021 0 617 1294762 553496 22935192 7108529 15068688 24230571 22730713 0 0 X 24210074 22762960 0 0 20497 -32247 24230571 22730713 24230571 22730713 -296820 -1203038 0 X 0 0 0 X X 1 Harvard College 042103580 2 1 795210 33507 1 795210 33507 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 134668 7825 0 0 594376 600889 729044 608714 0 0 149045 185081 0 0 579999 423633 22783557 22762402 1174944 652249 0 0 23958501 23414651 0 0 0 23958501 23414651 359378 351220 23599123 23063431 825969 807220 0 0 825969 807220 579999 492999 825969 825969 0 825969 795210 0 33507 0 0 0 828717 795210 825969 0.963 825969 0 0 0 0 0 0 828717 0 825969 2748 0 0 2748 0 2748 Schedule A, Part I, Line 11g: Consistent with the Trust's governing instrument, the Trust (1) provides direct monetary support to Harvard College (its supported organization) by way of grants to the Houghton Library at Harvard College, and (2) administers, in conjunction with Harvard College, the "Amy Lowell Poetry Travelling Scholarship" (the "Award Program," described in greater detail in Schedule I, Part III). The grants distributed pursuant to the Award Program are grants to individual members of the charitable class benefited by Harvard College as described in Treas. Reg. 1.509(a)-4(e)(1). Certain reasonable and necessary expenses incurred in administering such grants and the grants to Harvard College, have been included on Schedule A, Part I, Line 11g, Column vi, as indirect monetary support to Harvard College. Schedule A, Part IV, Section D, Line 2: The Trust, established under the Will of renowned poet Amy Lowell, has partnered with Harvard College for nearly 100 years (since the death of Amy Lowell in 1925). The Trust has engaged in the activities described in Part I, Line 11g and in Schedule I, Part III in conjunction with Harvard College for many decades. Every year, a Committee for the Award Program, which includes a member of the faculty of Harvard's English Department and two poets of recognized standing, works closely with the Trustees to review and select poets to receive awards. In addition to the Award Program, the Trust makes distributions each year to the Houghton Library of Harvard College to support the Amy Lowell collection, and the Trustees periodically discuss the Trust's support with personnel at the Houghton Library. Furthermore, the Trustees provide quarterly investment reports to Harvard College, and invite representatives of Harvard College to meet to discuss Trust investments and activities. This interconnectedness constitutes a close and continuous relationship as described in Treas. Reg. 1.509(a)-4(i)(2)(ii)(C) and demonstrates that Harvard College has a significant voice in directing the use of the Trust's assets and in the Trust's investment policies. Schedule A, Part IV, Section D, Line 3: See narrative for Schedule A, Part IV, Section D, Line 2. Schedule A, Part V, Section D, Line 8: As discussed above (Section D, Lines 2 and 3), the Trust collaborates with Harvard College with regard to specific activities - the Award Program and support for the Amy Lowell collection at the Houghton Library. The Trust's support is necessary to avoid the interruption of these activities. Furthermore, the length and nature of the relationship between the Trust and Harvard College as described above and in Schedule I, Part III demonstrates that Harvard College is attentive to the operations of the Trust. 0 34,080 shs iShares Core S&P 500 ETF 7152370 F 36,789.33 shs Artisan International Value Fund 1190871 F 35,955.16 shs MFS International Value Fund 1336453 F 60,200 shs Vanguard FTSE Developed Markets ETF 2272550 F 43,730 shs iShares MSCI USA Min Vol ETF 1830975 F 43,590 shs Powershares S&P International 1285469 F 15068688 1 Harvard College 86 Brattle Street Cambridge MA 02138 042103580 501(c)(3) 724460 For the purchase of books and manuscripts to maintain, increase, and enhance the "Amy Lowell Collection" of the Houghton Library. 1 Poetry Awards 2 70750 Part I, Line 2: The Organization makes grants every year to its supported organization, Harvard College, as required and for the purposes specified in the organization's governing instrument. The Trustees of the organization have assured themselves as they deem appropriate from time to time that the grant funds are being applied by Harvard College in a manner consistent with the purposes for which the organization was established. Schedule I, Part III: The Amy Lowell Travelling Poetry Scholarship is not a scholarship for college rather, it is a poetry contest, operated in cooperation with the Trust's supported organization, Harvard College. As set forth in the Will of Amy Lowell (under which the Trust was established), a committee consisting of one member of the English Department of Harvard College, two poets of recognized standing, and the Trustees of the Trust (collectively holding one of the four votes) must choose each year one poet "of American birth and of good standing or able promise" to receive an award (generally around $50,000). There are no restrictions on who may apply, other than the requirement that applicants must be citizens of the United States by birth. Applicants must submit an application form, a resume and a poetry sample generally not exceeding 40 typed pages. The winning poet must agree to spend one year outside North America, working on his or her poetry. On rare occasions, if there are two applicants of equal merit, the Committee may award a prize to both. Awards are paid in quarterly installments, beginning before departure to allow the winner to make travel arrangements. At the end of the year abroad, each winner may submit three poems to the Committee, and if the Committee determines that the poems are of particular merit (and if no more than one other poet has received an award for the following year), the poet may be given a second award, requiring a second year abroad. Because quarterly payments generally begin in the fall and end in the summer, in a given calendar year there may be two, three or (in rare instances) four individuals receiving award distributions. See http://www.amylowell.org for more information regarding this program. Although (due to the requirement that winning poets travel abroad for one year) winners are frequently physically outside the United States when quarterly payments are delivered to them, it is unclear under what circumstances one or more of them may be considered to be "living or residing outside the United States" for purposes of the Form 990 reporting requirements, and therefore whether awards should be reported on Schedule I (Activities Within the United States) or Schedule F (Activities Outside the United States). Because the awards do not constitute "expenditures for and investments in regions" outside the United States but rather constitute investments in American poetry the Trustees have reported these awards on Schedule I to Form 990. Choate Hall & Stewart LLP Partners are Trustees of Organization 204270 Investment management, recordkeeping, custody, grant administration, and legal services rendered in the ordinary course of business. Fees are calculated as percentage of assets held. Trustees of the Organization, William A. Lowell and Thomas H.P. Whitney, Jr. are partners in the law firm of Choate Hall & Stewart, LLP, the provider of these services. 0 Form 990, Part VI, Section A, line 2 The trustees of the Organization, William A. Lowell and Thomas H.P. Whitney, Jr., 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 Organization does not have committees with the authority to act on behalf of the governing body. Form 990, Part VI, Section B, line 11 The annual Form 990 (and state Form PC) are provided to the managing trustee, William A. Lowell, an attorney and professional fiduciary, for his review and signature prior to those forms being filed. Mr. Lowell, 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, Thomas H.P. Whitney, Jr. (who is an attorney and professional fiduciary and who is given the opportunity to review the draft forms prior to filing) to review and sign the annual tax filings. Form 990, Part VI, Section C, line 19 The Organization makes its governing documents, annual federal tax return (Form 990), annual state filing (MA Form PC), and financial statements available to the public upon request at the address indicated in Section C of Part VI of Form 990. The Organization does not have a written conflict of interest policy.