Civic Intelligence

Philip Hofer Charitable Trust

EIN 04-6469904 • 501(c)3 • Boston, MA

Pub. 78 Eligible

Profile

The Trust was created and shall be operated exclusively for the benefit of and in connection with the Department of Printing and Graphic Arts of the Houghton Library at Harvard University, a Massachusetts charitable and educational corporation.

Choate Hall Stewart PO Box 96101Boston, MA 02196

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

19th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

20th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Net Margin

80th percentile

29%

Higher net margin than 80% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Asset Growth

68th percentile

11%

Faster asset growth than 68% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

8th percentile

-38%

Faster revenue growth than 8% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets19th percentile

Assets

Up

$4,973,357

Up $501,818 (+11%) from 2024

Liabilities

Flat

$0

Flat from 2024

Net Assets

Up

$4,973,357

Up $501,818 (+11%) from 2024

Operations
Liabilities / Revenue20th percentileNet Margin80th percentile

Revenue

Down

$214,111

Down $132,967 (-38%) from 2024

Expenses

Up

$152,561

Up $19,018 (+14%) from 2024

Net Income

Down

$61,550

Down $151,985 (-71%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth68th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0Assets 2011: $2,301,038Liabilities 2011: $0Net Assets 2011: $2,301,0382011Assets 2012: $3,192,000Liabilities 2012: $0Net Assets 2012: $3,192,0002012Assets 2013: $3,239,506Liabilities 2013: $0Net Assets 2013: $3,239,5062013Assets 2014: $3,690,126Liabilities 2014: $02014Assets 2020: $4,341,360Liabilities 2020: $0Net Assets 2020: $4,341,3602020Assets 2021: $4,712,537Liabilities 2021: $0Net Assets 2021: $4,712,5372021Assets 2022: $3,585,004Liabilities 2022: $0Net Assets 2022: $3,585,0042022Assets 2023: $4,027,258Liabilities 2023: $0Net Assets 2023: $4,027,2582023Assets 2024: $4,471,539Liabilities 2024: $0Net Assets 2024: $4,471,5392024Assets 2025: $4,973,357Liabilities 2025: $0Net Assets 2025: $4,973,3572025

Highlighted filing

2025

Assets$4,973,357
Liabilities$0
Net Assets$4,973,357
Open 2025 Filing

Operations Trend

Revenue Growth8th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2011: $88,273Expenses 2011: $108,874Net Income 2011: -$20,6012011Revenue 2012: $1,003,529Expenses 2012: $108,450Net Income 2012: $895,0792012Revenue 2013: $144,353Expenses 2013: $97,424Net Income 2013: $46,9292013Revenue 2014: $133,358Expenses 2014: $106,421Net Income 2014: $26,9372014Revenue 2020: $198,387Expenses 2020: $219,896Net Income 2020: -$21,5092020Revenue 2021: $460,682Expenses 2021: $184,955Net Income 2021: $275,7272021Revenue 2022: -$138,735Expenses 2022: $93,721Net Income 2022: -$232,4562022Revenue 2023: $219,096Expenses 2023: $109,205Net Income 2023: $109,8912023Revenue 2024: $347,078Expenses 2024: $133,543Net Income 2024: $213,5352024Revenue 2025: $214,111Expenses 2025: $152,561Net Income 2025: $61,5502025

Highlighted filing

2025

Revenue$214,111
Expenses$152,561
Net Income$61,550
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,973,357
Liabilities
$0
Net assets
$4,973,357
Revenue
$214,111
Expenses
$152,561
Net income
$61,550
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$4.97$0.00$4.97$0.21$0.15$0.06
2024Detailed filing. Detailed filing data is available for this year.$4.47$0.00$4.47$0.35$0.13$0.21
2023Detailed filing. Detailed filing data is available for this year.$4.03$0.00$4.03$0.22$0.11$0.11
2022Detailed filing. Detailed filing data is available for this year.$3.59$0.00$3.59$0.14$0.09$0.23
2021Detailed filing. Detailed filing data is available for this year.$4.71$0.00$4.71$0.46$0.18$0.28
2020Detailed filing. Detailed filing data is available for this year.$4.34$0.00$4.34$0.20$0.22$0.02
2014Summary only. Only limited summary data is available for this year.$3.69$0.00$0.13$0.11$0.03
2013Summary only. Only limited summary data is available for this year.$3.24$0.00$3.24$0.14$0.10$0.05
2012Summary only. Only limited summary data is available for this year.$3.19$0.00$3.19$1.00$0.11$0.90
2011Summary only. Only limited summary data is available for this year.$2.30$0.00$2.30$0.09$0.11$0.02
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2025 to Dec 31, 2025
Signed
Feb 13, 2026
Return Version
2025v4.0
Gross Receipts
$2,468,854
Mission and Program Overview

Mission

The Trust was created and shall be operated exclusively for the benefit of and in connection with the Department of Printing and Graphic Arts of the Houghton Library at Harvard University, a Massachusetts charitable and educational corporation.

Grants to the Houghton Library at Harvard University

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$4,471,539$4,973,357▲ $501,818
Investments in Publicly Traded Securities$4,237,985$4,759,799▲ $521,814
Savings and Temporary Cash Investments$233,554$213,558▼ $19,996
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Total Assets$4,471,539$4,973,357▲ $501,818
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$4,471,539$4,973,357▲ $501,818
Total Liabilities and Net Assets / Fund Balance$4,471,539$4,973,357▲ $501,818
Compensation and Service Providers
Top Officer Pay40th percentile

Board Members and Trustees

NameTitle
Alexander ThorndikeTrustee
Charles A CheeverTrustee
Kristin T AbatiTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$214,111
Other Revenue
$0
Change in Net Assets
$61,550
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$103,829
Other Expenses$48,732
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$103,829--$103,829
Fees for Service Investment Mgmnt Fees$28,000$17,162-$45,162
Fees for Services Accounting$1,750$1,750-$3,500
Other Expenses$70--$70
Total Functional Expenses$133,649$18,912$0$152,561
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
President and Fellows of Harvard CollegeCambridge, MA501(c)(3)Support for the Houghton Library at Harvard University$103,829
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, line 2

“The Trustees Charles A. Cheever, Kristin T. Abati, and Alexander Thorndike share 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 trustees review prior to those forms being filed.”

Form 990, Part VI, Section C, line 19

“The Trust makes all documents available upon request.”

Filing and Contact Details

Filer

Filer Name
Philip Hofer Charitable Trust
EIN
04-6469904
Phone
6172485255
Address
Choate Hall Stewart PO Box 96101, Boston, MA 02196

Signing Officer

Name
Charles A Cheever
Title
Trustee
Phone
6172485255
Signed
2026-02-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Charles A Cheever
Formed
1981
Legal Domicile
Ma
Voting Board Members
3
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Baker Newman & Noyes
Address
PO Box 507, Portland, ME 04112
Preparer
Connor Smart
Phone
2078792100
Raw XML AppendixShowing 400 of 432 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0Grants to the Houghton Library at Harvard University
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0Choate Hall & Stewart
IRS990/BooksInCareOfDetail/PhoneNum06172485255
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0Choate Hall Stewart PO Box 961019
IRS990/BooksInCareOfDetail/USAddress/CityNm0Boston
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd002196
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt04471539
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt04973357
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt0103829
IRS990/CYInvestmentIncomeAmt0214111
IRS990/CYOtherExpensesAmt048732
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt061550
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0152561
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0214111
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd01
IRS990/Desc0Funds generated through the Trust's investments are used to provide charitable grants to the Houghton Library at Harvard University for the housing and study of rare books and manuscripts.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0133649
IRS990/FamilyOrBusinessRlnInd01
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt01750
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt01750
IRS990/FeesForServicesAccountingGrp/TotalAmt03500
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt017162
IRS990/FeesForSrvcInvstMgmntFeesGrp/ProgramServicesAmt028000
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt045162
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/PersonNm0Charles A Cheever
IRS990/Form990PartVIISectionAGrp/PersonNm1Kristin T Abati
IRS990/Form990PartVIISectionAGrp/PersonNm2Alexander Thorndike
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/TitleTxt0Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt1Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt2Trustee
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01981
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt095219
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GrantAmt0103829
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0103829
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0103829
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt02349962
IRS990/GrossReceiptsAmt02468854
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt00
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt0118892
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0118892
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt04237985
IRS990/InvestmentsPubTradedSecGrp/EOYAmt04759799
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0MA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt02254743
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0The Trust was created and shall be operated exclusively for the benefit of and in connection with the Department of Printing and Graphic Arts of the Houghton Library at Harvard University, a Massachusetts charitable and educational corporation.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt04471539
IRS990/NetAssetsOrFundBalancesEOYAmt04973357
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt095219
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt095219
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0440268
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0MA Form PC filing fee
IRS990/OtherExpensesGrp/ProgramServicesAmt070
IRS990/OtherExpensesGrp/TotalAmt070
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0Charles A Cheever
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt087959
IRS990/PYInvestmentIncomeAmt0347078
IRS990/PYOtherExpensesAmt045584
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0213535
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0133543
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0347078
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt061550
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0233554
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0213558
IRS990ScheduleA/AdjustedNetIncomeGrp/AdjustedGrossIncomeGrp/CurrentYearAmt0118892
IRS990ScheduleA/AdjustedNetIncomeGrp/AdjustedGrossIncomeGrp/PriorYearAmt0170846
IRS990ScheduleA/AdjustedNetIncomeGrp/DepreciationDepletionGrp/CurrentYearAmt00
IRS990ScheduleA/AdjustedNetIncomeGrp/DepreciationDepletionGrp/PriorYearAmt00
IRS990ScheduleA/AdjustedNetIncomeGrp/NetSTCapitalGainAdjNetIncmGrp/CurrentYearAmt00
IRS990ScheduleA/AdjustedNetIncomeGrp/NetSTCapitalGainAdjNetIncmGrp/PriorYearAmt045856
IRS990ScheduleA/AdjustedNetIncomeGrp/OtherExpensesGrp/CurrentYearAmt00
IRS990ScheduleA/AdjustedNetIncomeGrp/OtherExpensesGrp/PriorYearAmt00
IRS990ScheduleA/AdjustedNetIncomeGrp/OtherGrossIncomeGrp/CurrentYearAmt0118892
IRS990ScheduleA/AdjustedNetIncomeGrp/OtherGrossIncomeGrp/PriorYearAmt0124990
IRS990ScheduleA/AdjustedNetIncomeGrp/ProductionIncomeGrp/CurrentYearAmt018912
IRS990ScheduleA/AdjustedNetIncomeGrp/ProductionIncomeGrp/PriorYearAmt017699
IRS990ScheduleA/AdjustedNetIncomeGrp/RecoveriesPYDistributionsGrp/CurrentYearAmt00
IRS990ScheduleA/AdjustedNetIncomeGrp/RecoveriesPYDistributionsGrp/PriorYearAmt00
IRS990ScheduleA/AdjustedNetIncomeGrp/TotalAdjustedNetIncomeGrp/CurrentYearAmt099980
IRS990ScheduleA/AdjustedNetIncomeGrp/TotalAdjustedNetIncomeGrp/PriorYearAmt0153147
IRS990ScheduleA/DistributableAmountGrp/CYAdjNetIncomeDistributableAmt0153147
IRS990ScheduleA/DistributableAmountGrp/CYDistributableAsAdjustedAmt0150204
IRS990ScheduleA/DistributableAmountGrp/CYGreaterAdjustedMinimumAmt0150204
IRS990ScheduleA/DistributableAmountGrp/CYIncomeTaxImposedPYAmt00
IRS990ScheduleA/DistributableAmountGrp/CYPct85AdjustedNetIncomeAmt0130175
IRS990ScheduleA/DistributableAmountGrp/CYTotalMinAstDistributableAmt0150204
IRS990ScheduleA/DistributionAllocationsGrp/CarryoverPYNotAppliedAmt00
IRS990ScheduleA/DistributionAllocationsGrp/CYDistribAppUnderdistriPYAmt00
IRS990ScheduleA/DistributionAllocationsGrp/CYDistributableAsAdjustedAmt0150204
IRS990ScheduleA/DistributionAllocationsGrp/CyovAppliedUnderdistrCPYAmt0150204
IRS990ScheduleA/DistributionAllocationsGrp/CyovAppliedUnderdistriPYAmt00
IRS990ScheduleA/DistributionAllocationsGrp/CYTotalAnnualDistributionsAmt0133579
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionAmt0133579
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionCyovAmt03797
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionCyovYr1Amt0115809
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionCyovYr2Amt038192
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionCyovYr3Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionCyovYr4Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionCyovYr5Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistriCyovToNextYrAmt0137376
IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear1Amt0133579
IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear2Amt03797
IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear3Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear4Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear5Amt00
IRS990ScheduleA/DistributionAllocationsGrp/RemainingUnderdistriCYAmt00
IRS990ScheduleA/DistributionAllocationsGrp/RemainingUnderdistriPYAmt00
IRS990ScheduleA/DistributionAllocationsGrp/TotalExcessDistributionCyovAmt0154001
IRS990ScheduleA/DistributionAllocationsGrp/UnderdistributionsAmt00
IRS990ScheduleA/DistributionsGrp/CYAdministrativeExpensePaidAmt029750
IRS990ScheduleA/DistributionsGrp/CYDistriAttentiveSuprtOrgAmt0103829
IRS990ScheduleA/DistributionsGrp/CYDistributableAsAdjustedAmt0150204
IRS990ScheduleA/DistributionsGrp/CYDistributionYrRt069.130000000000
IRS990ScheduleA/DistributionsGrp/CYPaidAccomplishExemptPrpsAmt0103829
IRS990ScheduleA/DistributionsGrp/CYPdInExcessIncomeActivityAmt00
IRS990ScheduleA/DistributionsGrp/CYTotalAnnualDistributionsAmt0133579
IRS990ScheduleA/DistributionsGrp/ExemptUseAssetsAcquisPaidAmt00
IRS990ScheduleA/DistributionsGrp/QualifiedSetAsideAmt00
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/OfficersCloseRelationshipInd01
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/SupportedOrgVoiceInvestmentInd01
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd01
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Due to the nature of the relationship between the Philip Hofer Charitable Trust's (the Trust) and the President and Fellows of Harvard College (the College), the College maintains a significant voice in the Trust's operations, and the Trust is responsive to the needs and demands of the College. The Trust's governing and trust documents mandate that the Trust's Board of Trustees shall always have three members, one of whom shall always be an individual appointed by the governing board of Harvard College, the named supported organization of the Trust. Additionally, it is mandated in the Trust's governing documents that the Trust is created to be operated exclusively for the benefit of and in connection with the Department of Printing and Graphic Arts of the Houghton Library at Harvard University (recognized as part of the President and Fellows of Harvard College). The Trust's governing documents further stipulate distribution requirements for grants paid to the College. The Trust's active trustees are required to submit an account of their administration of Trust-assets to the College each year, indicating the nature and performance of the Trust's investments. Additionally, every year, after the close of the Trust's tax year, the Trust submits to the College a notice of its type and amount of support, its most recently filed tax returns, and its most recently adopted governing documents (if amended or altered since the previous notice). As the College has direct influence over appointments to the Trust's Board, and because the Trust's investments must be reportable to the College and meet certain performance standards (in annual accountings provided to the College, the Trustees must ensure that the assets of the Trust meet a reasonable rate of return), the College holds a significant voice in the supporting organization's operations. For these reasons, the Trust satisfies the Responsiveness Test.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1The Philip Hofer Charitable Trust exists exclusively to generate earnings on its investments in order to fund charitable grants to the Houghton Library at Harvard College. Almost all annual cash outlays paid by the Trust, 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 Trust as a direct result of its investment activity, its grant-generating process, and its tax compliance requirements. Accordingly, all Trust expenditures in a given year are incurred in pursuit of the Trust's primary mission to support the Houghton Library. Therefore, all other operating costs incurred by the Trust can accurately be said to represent other monetary support paid for by the Trust for the benefit of Harvard College, the named supported organization.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt2In its tax year ending December 31, 2025, the Philip Hofer Charitable Trust (the Trust) paid direct grants of $103,829 to the President and Fellows of Harvard College (the College) for the purpose of maintaining and funding the Houghton Library. The Trust's operations and relationship with the College satisfies the attentiveness test for the following reasons: (1) the Trust only pays grants to Harvard College; (2) the grants paid to Harvard College are to be used exclusively to support the Houghton Library, one of many programs and initiatives at the College. The Library relies heavily on donations from the general public to maintain operations. Accordingly, the Trust's grants are significant to the Library, an on-going function and activity of the supported organization; (3) the College exercises significant influence and oversight over the Trust's operations, including the administration of the Trust's investments and decisions over board composition; and (4) the Trust and the College have worked together to provide funding for the College's Library since 1981, as of the Trust's inception. As addressed in the supplementary disclosure for the Trust's Form 990, Schedule A, Part IV, Section D, Lines 2-3, the Trust's operations and relationship with the College also satisfy the Responsiveness Test. Therefore, the Trust satisfies both the Responsiveness and the Attentiveness Tests. Accordingly, 100% of the Trust's annual grants paid to the College have been shown on the Trust's Schedule A, Part V, Section D, Line 8, distributions to attentive supported organizations to which the organization is responsive.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Schedule A, Part IV, Section D, Lines 2-3:
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1Schedule A, Part I, Line 12g, Column (vi):
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc2Schedule A, Part V, Section D, Line 8:
IRS990ScheduleA/MinimumAssetAmountGrp/AcquisitionIndebtednessGrp/CurrentYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/AcquisitionIndebtednessGrp/PriorYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/AdjustedFMVLessIndebtednessGrp/CurrentYearAmt04699850
IRS990ScheduleA/MinimumAssetAmountGrp/AdjustedFMVLessIndebtednessGrp/PriorYearAmt04356900
IRS990ScheduleA/MinimumAssetAmountGrp/AverageMonthlyCashBalancesGrp/CurrentYearAmt0180957
IRS990ScheduleA/MinimumAssetAmountGrp/AverageMonthlyCashBalancesGrp/PriorYearAmt0160844
IRS990ScheduleA/MinimumAssetAmountGrp/AverageMonthlyFMVOfSecGrp/CurrentYearAmt04518893
IRS990ScheduleA/MinimumAssetAmountGrp/AverageMonthlyFMVOfSecGrp/PriorYearAmt04196056
IRS990ScheduleA/MinimumAssetAmountGrp/CashDeemedCharitableGrp/CurrentYearAmt070498
IRS990ScheduleA/MinimumAssetAmountGrp/CashDeemedCharitableGrp/PriorYearAmt065354
IRS990ScheduleA/MinimumAssetAmountGrp/DiscountClaimedAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/FMVOtherNonExemptUseAssetGrp/CurrentYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/FMVOtherNonExemptUseAssetGrp/PriorYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/NetVlNonExemptUseAssetsGrp/CurrentYearAmt04629352
IRS990ScheduleA/MinimumAssetAmountGrp/NetVlNonExemptUseAssetsGrp/PriorYearAmt04291546
IRS990ScheduleA/MinimumAssetAmountGrp/PctOfNetVlNonExemptUseAstGrp/CurrentYearAmt0162027
IRS990ScheduleA/MinimumAssetAmountGrp/PctOfNetVlNonExemptUseAstGrp/PriorYearAmt0150204
IRS990ScheduleA/MinimumAssetAmountGrp/RecoveriesPYDistriMinAssetGrp/CurrentYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/RecoveriesPYDistriMinAssetGrp/PriorYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/TotalFMVOfNonExemptUseAssetGrp/CurrentYearAmt04699850
IRS990ScheduleA/MinimumAssetAmountGrp/TotalFMVOfNonExemptUseAssetGrp/PriorYearAmt04356900
IRS990ScheduleA/MinimumAssetAmountGrp/TotalMinimumAssetGrp/CurrentYearAmt0162027
IRS990ScheduleA/MinimumAssetAmountGrp/TotalMinimumAssetGrp/PriorYearAmt0150204
IRS990ScheduleA/OtherSupportSumAmt029750
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0042103580
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt029750
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0103829
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0President and Fellows of Harvard College
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3NonFuncInd0X
IRS990ScheduleA/SupportSumAmt0103829
IRS990/ScheduleBRequiredInd00
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0103829
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Support for the Houghton Library at Harvard University
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0President and Fellows of Harvard College
IRS990ScheduleI/RecipientTable/RecipientEIN0042103580
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01033 Massachusetts Avenue Suite 3
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Cambridge
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd002138
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0The Philip Hofer Charitable Trust's primary exempt mission is to generate funds and investment-earnings to be used in the support of the Houghton Library at the President and Fellows of Harvard College. As such, Harvard College is the only organization to which the Trust awards charitable donations. Records and documentation of the Trust's annual giving and support of Harvard College is maintained in the Trust's portfolio statements. In addition, Harvard College approves a portion of the Trust's appointees to its Board of Directors, the Trust must submit administration-reports to the College annually, and the College also has certain oversight and control powers over the Trust.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Trustees Charles A. Cheever, Kristin T. Abati, and Alexander Thorndike share a business relationship.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The trustees of the Organization delegate investment responsibility to Choate Investment Advisors, LLC, a registered investment advisor subsidiary of Choate Hall & Stewart, LLP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Trust does not have committees with the authority to act on behalf of the governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The annual Form 990 (and state Form PC) are provided to the managing trustees review prior to those forms being filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Trust makes all documents available upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, line 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0President and Fellows of Harvard College
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0042103580
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Educational institution
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0Line 2
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01033 Massachusetts Avenue Suite 3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Cambridge
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd002138
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd01
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt04471539
IRS990/TotalAssetsEOYAmt04973357
IRS990/TotalAssetsGrp/BOYAmt04471539
IRS990/TotalAssetsGrp/EOYAmt04973357
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt018912
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0133649
IRS990/TotalFunctionalExpensesGrp/TotalAmt0152561
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04471539
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04973357
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0133649
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0214111
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0214111
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04471539
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04973357
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0Choate Hall Stewart PO Box 96101
IRS990/USAddress/CityNm0Boston
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd002196

Document Assets

No mirrored PDF or thumbnail assets are attached yet.