2015-09-09T10:21:23-05:00 2014-11-30 010494526 BAKER NEWMAN & NOYES 175 FEDERAL STREET SUITE 970 BOSTON MA 02110 990 2013-12-01 046016148 Trust UW Amy Lowell 10th Clause TRUS 6172485255 Choate LLP PO Box 961019 Boston MA 02196 William A Lowell Trustee 6172485255 2015-08-26 Nicholas E Porto P01310283 6175563900 2015-08-26 2013 2016-02-25 16:41:14Z William A Lowell Choate LLP PO Box 961019 Boston MA 02196 7018190 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 1832166 1266816 3463 900 1835629 1267716 733465 732586 0 0 0 0 0 0 0 201340 183578 934805 916164 900824 351552 19117615 24230571 0 0 19117615 24230571 Support of Houghton Library at Harvard College 0 0 679683 649086 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. 87436 83500 Scholarships awarded to individuals to spend one year outside of the continent of North America to advance the art of poetry as practiced by the recipient. 767119 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 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 02196 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, Recordkeeping, Le 166228 1 593476 593476 900 900 6423814 5750474 673340 673340 673340 1267716 0 0 1267716 649086 649086 83500 83500 160644 16064 144580 4465 4465 Honoraria to Scholars 17100 17100 State Filing Fee 250 250 1119 1119 916164 767119 149045 0 1270891 617 1294762 10503729 22935192 7342995 19117615 24230571 0 0 X 19860179 24210074 0 0 -742564 20497 19117615 24230571 19117615 24230571 X 351552 360810 4400594 X 0 0 0 X X X 0 0 0 Harvard College 042103580 2 1 1 1 649086 1 649086 Schedule A, Part I, Line 11h: The Organization provides grants to the Houghton Library at Harvard College. 1 Harvard College 86 Brattle Street Cambridge MA 02138 042103580 501(c)(3) 649086 For the purchase of books and manuscripts to maintain, increase, and enhance the "Amy Lowell Collection" of the Houghton Library. 1 Scholarships 2 83500 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 Traveling Poetry Scholarship is not a scholarship for college rather, it is a poetry contest, operated in cooperation with the Trust's supported organization, Harvard University. 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 University, 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 166228 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. Form 990, Part XI, line 9: Book Value Adjustment from Cost to FMV 4,400,594.