Form990-PF

Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter Social Security numbers on this form as it may be made public. By law, the IRS cannot redact the information on the form.
bulletInformation about Form 990-PF and its instructions is at www.irs.gov/form990pf.
OMB No. 1545-0052
2013
Open to Public Inspection
For calendar year 2013, or tax year beginning 01-01-2013 , and ending 12-31-2013
Name of foundation
THE TROY SAVINGS BANK CHARITABLE FOUNDATION
 

Number and street (or P.O. box number if mail is not delivered to street address)32 SECOND ST PO BOX 598   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
TROY, NY121810598
A Employer identification number

14-1813865
B Telephone number (see instructions)

(518) 720-0006
C bullet
G Check all that apply:

D 1. bullet
2. bullet
E bullet
H Check type of organization:
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$15,710,090J Accounting method:
 
(Part I, column (d) must be on cash basis.)
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet
3 Interest on savings and temporary cash investments 123,074 123,074  
4 Dividends and interest from securities...... 223,294 223,294  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 772,899
b Gross sales price for all assets on line 6a 5,608,597
7 Capital gain net income (from Part IV, line 2)... 772,899
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 1,119,267 1,119,267  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 105,277 15,792   89,485
14 Other employee salaries and wages...... 58,243 8,736   49,507
15 Pension plans, employee benefits....... 24,313 3,647   20,666
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 3,250 0   1,625
c Other professional fees (attach schedule).... Click to see attachment 6,248 0   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions) Click to see attachment 22,532 0   0
19 Depreciation (attach schedule) and depletion... Click to see attachment 1,802 0  
20 Occupancy.............. 5,551 833   4,718
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 64,165 1,184   6,710
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 291,381 30,192   172,711
25 Contributions, gifts, grants paid........ 570,488 570,488
26 Total expenses and disbursements. Add lines 24 and 25 861,869 30,192   743,199
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 257,398
b Net investment income (if negative, enter -0-) 1,089,075
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2013)
Form 990-PF (2013)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............... 24,188 28,860 28,860
2 Savings and temporary cash investments.......... 805,721 1,160,286 1,160,286
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule) 1,135,469 Click to see attachment971,020 971,020
b Investments—corporate stock (attach schedule)........ 6,932,474 Click to see attachment7,358,716 7,358,716
c Investments—corporate bonds (attach schedule)........ 2,040,443 Click to see attachment1,607,925 1,607,925
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 2,991,313 Click to see attachment4,534,378 4,534,378
14 Land, buildings, and equipment: basis bullet20,533
Less: accumulated depreciation (attach schedule) bullet14,227 8,108 Click to see attachment6,306 6,306
15 Other assets (describe bullet) Click to see attachment55,167 Click to see attachment42,599 Click to see attachment42,599
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 13,992,883 15,710,090 15,710,090
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable...................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment3,957 Click to see attachment14,765
23 Total liabilities (add lines 17 through 22).......... 3,957 14,765
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................... 13,988,926 15,695,325
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see page 17 of the
instructions).................... 13,988,926 15,695,325
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 13,992,883 15,710,090
Part III Analysis of Changes in Net Assets or Fund Balances
1 Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree
with end-of-year figure reported on prior year’s return)............... 1 13,988,926
2 Enter amount from Part I, line 27a..................... 2 257,398
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 1,449,001
4 Add lines 1, 2, and 3.......................... 4 15,695,325
5 Decreases not included in line 2 (itemize) bullet 5 0
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 15,695,325
Form 990-PF (2013)
Form 990-PF (2013)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1 a BONDS P    
b ENDOWMENT EQUITY P    
c WINSLOW EQUITY P    
d APEX EQUITY P    
e EARNEST EQUITY P    
NEUBERGER EQUITY P    
LORD ABBETT EQUITY P    
NEUBERGER BERMAN P    
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 505,000   504,891 109
b 725,897   725,897 0
c 1,548,565   1,344,161 204,404
d 185,433   136,092 49,341
e 89,911   69,632 20,279
568,763   502,098 66,665
630,260   507,583 122,677
1,354,768   1,045,344 309,424
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a       109
b       0
c       204,404
d       49,341
e       20,279
      66,665
      122,677
      309,424
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 772,899
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 . . . . . . . . . . . . . . . . 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2012 734,426 13,704,126 0.053592
2011 717,460 14,014,419 0.051194
2010 730,735 13,321,429 0.054854
2009 678,416 12,338,260 0.054985
2008 819,419 14,602,242 0.056116
2 Total of line 1, column (d) ...................... 2 0.270741
3 Average distribution ratio for the 5-year base period—divide the total on line 2 by 5, or by
the number of years the foundation has been in existence if less than 5 years. . . 		3 0.054148
4 Enter the net value of noncharitable-use assets for 2013 from Part X, line 5..... 4 14,545,679
5 Multiply line 4 by line 3....................... 5 787,619
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 10,891
7 Add lines 5 and 6......................... 7 798,510
8 Enter qualifying distributions from Part XII, line 4.............. 8 743,199
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See
the Part VI instructions.
Form 990-PF (2013)
Form 990-PF (2013)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bulletand enter “N/A" on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 21,782
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2............................ 3 21,782
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-). 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 21,782
6 Credits/Payments:
a 2013 estimated tax payments and 2012 overpayment credited to 2013 6a 8,480
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 8,480
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 13,302
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2014 estimated taxBullet   RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?............................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletNY
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2013 or the taxable year beginning in 2013 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names and addresses.
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletTSBFOUNDATION.ORG
    14
    The books are in care ofbulletLESLIE A CHEU EXECUTIVE DIRECTOR Telephone no.bullet (518) 720-0006
    Located atbullet32 SECOND STREETTROYNY ZIP+4bullet12180
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2013, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the
    foreign country bullet  
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
     
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2013?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2013, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2013?...............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?.........................
    b
    If "Yes," did it have excess business holdings in 2013 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2013.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2013?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see instructions)........
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?........................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 6
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    LESLIE CHEU EXECUTIVE DIRECTOR
    40.00     		105,277 4,074 0
    32 SECOND STREET
    TROY,NY12181
    DANIEL HOGARTY JR PRESIDENT, TREASURER, & DIRECTOR
    1.00     		0 0 0
    32 SECOND STREET
    TROY,NY12181
    GEORGE ARAKELIAN SECRETARY & DIRECTOR
    1.00     		0 0 0
    32 SECOND STREET
    TROY,NY12181
    MICHAEL FLEMING DIRECTOR
    1.00     		0 0 0
    32 SECOND STREET
    TROY,NY12181
    WILLIE HAMMET DIRECTOR
    1.00     		0 0 0
    32 SECOND STREET
    TROY,NY12181
    THOMAS HEALY DIRECTOR
    1.00     		0 0 0
    32 SECOND STREET
    TROY,NY12181
    MORRIS MASSRY DIRECTOR
    1.00     		0 0 0
    32 SECOND STREET
    TROY,NY12181
    EDWARD O'HAIRE DIRECTOR
    1.00     		0 0 0
    32 SECOND STREET
    TROY,NY12181
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
     
    b
    Average of monthly cash balances.......................
    1b
     
    c
    Fair market value of all other assets (see instructions)................
    1c
     
    d
    Total (add lines 1a, b, and c).........................
    1d
     
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
     
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
     
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
     
    6
    Minimum investment return. Enter 5% of line 5..................
    6
     
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    727,284
    2a
    Tax on investment income for 2013 from Part VI, line 5......
    2a
    21,782
    b
    Income tax for 2013. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    21,782
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    705,502
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    705,502
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1................................
    7
    705,502
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
     
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
     
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see instructions).................
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
     
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 8
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2012     		(c)
    2012     		(d)
    2013
    1 Distributable amount for 2013 from Part XI, line 7 705,502
    2 Undistributed income, if any, as of the end of 2013:
    a Enter amount for 2012 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2013:
    a From 2008....... 96,725
    b From 2009....... 67,227
    c From 2010....... 74,132
    d From 2011....... 24,567
    e From 2012....... 65,629
    fTotal of lines 3a through e......... 328,280
    4Qualifying distributions for 2013 from Part
    XII, line 4: bullet$ 743,199
    a Applied to 2012, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions)......     		0
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		0
    d Applied to 2013 distributable amount..... 705,502
    e Remaining amount distributed out of corpus 37,697
    5 Excess distributions carryover applied to 2013. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 365,977
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2012. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2013. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2014 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see
    instructions) .............     		0
    8Excess distributions carryover from 2008 not
    applied on line 5 or line 7 (see instructions) ...     		96,725
    9Excess distributions carryover to 2014.
    Subtract lines 7 and 8 from line 6a ......     		269,252
    10 Analysis of line 9:
    a Excess from 2009.... 67,227
    b Excess from 2010.... 74,132
    c Excess from 2011.... 24,567
    d Excess from 2012.... 65,629
    e Excess from 2013.... 37,697
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 9
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2013, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2013 (b) 2012 (c) 2011 (d) 2010
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used
    directly for active conduct of exempt activities ...........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    LESLIE CHEU EXECUTIVE DIRECTOR - TH
    32 SECOND STREET STATE STREET
    TROY,NY12181
    (518) 720-0006
    bThe form in which applications should be submitted and information and materials they should include:
    A GRANT APPLICATION FORM PROVIDED BY THE FOUNDATION UPON REQUEST MUST INCLUDE A CONCISE DESCRIPTION OF THE PROGRAM TO BE FUNDED, A STATEMENT OF NEED, A DESCRIPTION OF THE POPULATION TO BE SERVED, THE PROPOSED COURSE OF ACTION, RELATED EXPERIENCE, PROJECT PERSONNEL, ANTICIPATED RESULTS, AND EVALUATION PLANS.
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    APPLICANTS MUST BE LOCAL, LEGALLY INCORPORATED, IRS 501(C)(3) ORGANIZATIONS.
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 10
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    ARK INC
    139 BO COLE ROAD
    HUNTSVILLE,AL35806     		N/A 501(C)(3) AFTER SCHOOL ENRICHMENT PROGRAM 200
    ASSISI IN ALBANY
    391 DELAWARE AVE
    ALBANY,NY12209     		N/A 501(C)(3) JOB PLACEMENT PROGRAM 2,500
    CAPITAL REGION SPONSOR-A-SCHOLAR INC
    PINE WEST PLAZA BUILDING 3
    WASHINGTON AVENUE EXT
    ALBANY,NY12205     		N/A 501(C)(3) PROGRAM SUPPORT 7,500
    BETHESADA HOUSE OF SCHENECTADY INC
    418 LIBERTY ST
    SCHENECTADY,NY12305     		N/A 501(C)(3) PROGRAM SUPPORT 250
    CAPITAL DISTRICT YMCA
    465 NEW KARNER RD
    ALBANY,NY12205     		N/A 501(C)(3) GREENE COUNTY BRANCH CAPITAL CAMPAIGN 5,000
    CARES INC
    85 WATERVLIET AVE
    ALBANY,NY12206     		N/A 501(C)(3) HELP FOR THE HOMELESS CONCERT 2013 5,000
    CATHOLIC CHARITIES OF THE DIOCESE OF ALB
    40 NORTH MAIN AVE
    ALBANY,NY12203     		N/A 501(C)(3) CONCERNS-U 10,000
    CATHOLIC CHARITIES OF THE DIOCESE OF ALB
    40 NORTH MAIN AVE
    ALBANY,NY12203     		N/A 501(C)(3) SUNNYSIDE SUMMER PROGRAM SCHOLARSHIPS 5,000
    CATHOLIC CHARITIES OF THE DIOCESE OF ALB
    40 NORTH MAIN AVE
    ALBANY,NY12203     		N/A 501(C)(3) PROGRAM SUPPORT 500
    FIRST CHURCH IN ALBANY
    110 N PEARL ST
    ALBANY,NY12207     		N/A 501(C)(3) PROGRAM SUPPORT 500
    FOCUS CHURCHES OF ALBANY INC
    275 STATE STREET
    ALBANY,NY12210     		N/A 501(C)(3) PROGRAM SUPPORT 500
    GRANTMAKERS FORUM OF NEW YORK
    75 COLLEGE AVE
    ROCHESTER,NY14607     		N/A 501(C)(3) CONFERENCE 2013 1,000
    HABITAT FOR HUMANITY CAPITAL DISTRICT
    454 N PEARL ST
    MENANDS,NY12204     		N/A 501(C)(3) SOUTH TROY HOME CONSTRUCTION PROJECT 10,000
    HOMELESS ACTION COMMITTEE INC
    393 N PEARL ST
    ALBANY,NY12207     		N/A 501(C)(3) PROGRAM SUPPORT 750
    HOMELESS AND TRAVELERS AID SOCIETY
    138 CENTRAL AVE
    ALBANY,NY12206     		N/A 501(C)(3) PROGRAM SUPPORT 250
    HOOSICK AREA CHURCH ASSOCIATION INC
    PO BOX 1
    HOOSICK FALLS,NY12090     		N/A 501(C)(3) PROGRAM SUPPORT 500
    HUDSON VALLEY COMMUNITY COLLEGE FOUNDATION
    80 VANDENBURGH AVENUE
    TROY,NY12180     		N/A 501(C)(3) DWIGHT MARVIN LIBRARY - ATRIUM RENOVATION 10,000
    INTERFAITH PARTNERSHIP FOR THE HOMELESS
    176 SHERIDAN AVE
    ALBANY,NY12210     		N/A 501(C)(3) PROGRAM SUPPORT 750
    JEWISH FAMILY SERVICES OF NORTHEASTERN NY
    877 MADISON AVE
    ALBANY,NY12208     		N/A 501(C)(3) SUPERVISED VISITATION PROGRAM 10,000
    JOSEPH'S HOUSE & SHELTER
    74 FERRY STREET
    TROY,NY12180     		N/A 501(C)(3) PROGRAM SUPPORT 200
    JOSEPH'S HOUSE & SHELTER
    74 FERRY STREET
    TROY,NY12180     		N/A 501(C)(3) PROGRAM SUPPORT 750
    LASALLE INSTITUTE
    174 WILLIAMS ROAD
    TROY,NY12180     		N/A 501(C)(3) SCHOLARSHIP SUPPORT 950
    NORTH COUNTRY MINISTRY
    PO BOX 201
    NORTH CREEK,NY12853     		N/A 501(C)(3) PROGRAM SUPPORT 750
    RCS COMMUNITY LIBRARY
    15 MOUNTAIN ROAD
    RAVENA,NY12143     		N/A 501(C)(3) ACOUSTIC DOORWAYS COMMUNITY CONCERT SERIES 400
    RENSSELAER COUNTY HISTORICAL SOCIETY
    57 SECOND ST
    TROY,NY12180     		N/A 501(C)(3) PROGRAM SUPPORT 500
    RENSSELAER COUNTY HISTORICAL SOCIETY
    57 SECOND ST
    TROY,NY12180     		N/A 501(C)(3) EXHIBIT: AT THE CORNER OF STATE AND SECOND: WHERE TROY'S HISTORY INTERSECTS 7,500
    ROARKE CENTER
    107 FOURTH ST
    TROY,NY12180     		N/A 501(C)(3) PROGRAM SUPPORT 500
    SCHENECTADY COUNTY COMMUNITY COLLEGE INC
    78 WASHINGTON AVE
    SCHENECTADY,NY12305     		N/A 501(C)(3) SCCC'S HEALTH PROFESSION OPPORTUNITY GRANTS PROGRAM 5,000
    SCHENECTADY INNER CITY MINISTRY
    930 ALBANY ST
    SCHENECTADY,NY12307     		N/A 501(C)(3) PROGRAM SUPPORT 750
    SCHOHARIE AREA LONG TERM INC
    PO BOX 777 258 MAIN STREET
    SCHOHARIE,NY12157     		N/A 501(C)(3) SCHOHARIE AREA LONG TERM RECOVERY FUND 2,500
    SENIOR PROJECTS OF RAVENA INC
    PO BOX 142
    RAVENA,NY12143     		N/A 501(C)(3) PROGRAM SUPPORT 250
    ST MARK'S LUTHERAN CHURCH
    326 MAIN STREET
    MIDDLEBURGH,NY12122     		N/A 501(C)(3) PROGRAM SUPPORT 500
    ST CATHERINE'S CENTER FOR CHILDREN
    40 NORTH MAIN AVE
    ALBANY,NY12206     		N/A 501(C)(3) PROGRAM SUPPORT 500
    ST PAUL'S CENTER
    PO BOX 589
    RENSSELAER,NY12144     		N/A 501(C)(3) PROGRAM SUPPORT 750
    THE SAGE COLLEGES
    65 FIRST ST
    TROY,NY12180     		N/A 501(C)(3) VICTORIAN STROLL CONCERT 2013 1,500
    THE SAGE COLLEGES
    65 FIRST ST
    TROY,NY12180     		N/A 501(C)(3) PROGRAM SUPPORT 1,000
    TROY AREA UNITED MINISTRIES
    392 2ND ST
    TROY,NY12180     		N/A 501(C)(3) PROGRAM SUPPORT 500
    TROY CHROMATIC CONCERTS INC
    PO BOX 1574
    TROY,NY12181     		N/A 501(C)(3) 2013-2014 CONCERT SEASON 2,500
    TROY FLAG DAY PARADE COMMITTEE
    PO BOX 56
    TROY,NY12180     		N/A 501(C)(3) TROY FLAG DAY PARADE 2013 750
    TROY SAVINGS BANK MUSIC HALL CORPORATION
    30 SECOND STREET
    TROY,NY12180     		N/A 501(C)(3) STABILIZATION GRANT FUNDING 213,150
    TROY SAVINGS BANK MUSIC HALL FOUNDATION
    30 SECOND STREET
    TROY,NY12180     		N/A 501(C)(3) OPERATING SUPPORT 129,685
    UNDERGROUND RAILROAD HPCR
    50 EAST FREEDOM WAY
    CINCINNATI,OH45202     		N/A 501(C)(3) PROGRAM SUPPORT 500
    UNITY HOUSE
    33 SECOND STREET
    TROY,NY12180     		N/A 501(C)(3) NEW BUILDING PROJECT 33,334
    WATERFORD EMERGENCY TEAM INC
    1 DAVIS AVE
    WATERFORD,NY12188     		N/A 501(C)(3) LIGHTING UPGRADE 2,669
    WHITEHALL UNITED METHODIST CHURCH FOOD PANTRY
    56 GREENMOUNT CEMETARY LANE
    WHITEHALL,NY12887     		N/A 501(C)(3) PROGRAM SUPPORT 750
    WHITNEY M YOUNG JR HEALTH CENTER INC
    920 LARK DR
    ALBANY,NY12207     		N/A 501(C)(3) DIGITAL DENISTRY - TROY HEALTH CENTER 10,000
    WILTON FOOD PANTRY
    PO BOX 2383
    WILTON,NY12831     		N/A 501(C)(3) PROGRAM SUPPORT 500
    WMHT EDUCATIONAL TELECOMMUNICATIONS
    4 GLOBAL VIEW
    TROY,NY12180     		N/A 501(C)(3) PROGRAM SUPPORT 2,500
    YWCA OF THE GREATER CAPITAL REGION INC
    21 FIRST ST
    TROY,NY12180     		N/A 501(C)(3) PROGRAM SUPPORT 500
    CATHOLIC CHARITIES DOMESTIC VIOLENCE PROJECT
    40 NORTH MAIN AVE
    ALBANY,NY12203     		N/A 501(C)(3) PROGRAM SUPPORT 250
    COMMUNITY ACTION OF GREENE COUNTY INC
    7856 US HIGHWAY 9W
    CATSKILL,NY12414     		N/A 501(C)(3) PAY IT FORWARD COMMUNITY THRIFT STORE 10,000
    CORPORATION FOR AIDS RESEARCH EDUCATION AND SERVICES INC
    200 HENRY JOHNSON BLVD SUITE 4
    ALBANY,NY12210     		N/A 501(C)(3) HOMELESSNESS AWARENESS MONTH - CAPITAL REGION COALITION TO END HOMELESSNESS 5,000
    EAST SIDE NEIGHBORHOOD RECREATION CENTER INC
    1700 2ND STREET NE
    MINNEAPOLIS,MN55413     		N/A 501(C)(3) HOPE 7 REPAIR & RENOVATIONS PROJECT 8,000
    EAST SIDE RECREATIONAL COMMUNITY CENTER
    1080 E CHICAGO ST
    ELGIN,IL60120     		N/A 501(C)(3) PROGRAM SUPPORT 500
    FRANKLIN COMMUNITY CENTER INC
    10 FRANKLIN ST
    SARATOGA SPRINGS,NY12866     		N/A 501(C)(3) FRANKLIN COMMUNITY CENTER, INC. 3,800
    HOOSICK AREA CHURCH ASSOCIATION INC
    PO BOX 1
    HOOSICK FALLS,NY12090     		N/A 501(C)(3) EMERGENCY GENERATOR FOR FOOD PANTRY 4,000
    MECHANICVILLE AREA COMMUNITY SERVICES CENTER INC
    6 S MAIN ST
    MECHANICVILLE,NY12118     		N/A 501(C)(3) ELDER CARE SERVICES HEALTH CHOICES PROGRAM 5,000
    SAINT ANNE INSTITUTE
    160 N MAIN AVE
    ALBANY,NY12206     		N/A 501(C)(3) RENOVATION OF THE SETON LIVING UNIT 10,000
    SHELTERS OF SARATOGA
    14 WALWORTH ST
    SARATOGA SPRINGS,NY12866     		N/A 501(C)(3) PROGRAM SUPPORT 500
    THE UNIVERSITY AT ALBANY FOUNDATION
    1400 WASHINGTON AVENUE
    ALBANY,NY12222     		N/A 501(C)(3) UALBANY SSW INTERNSHIPS IN AGING PROJECT (IAP) 5,000
    THE UNIVERSITY AT ALBANY FOUNDATION
    1400 WASHINGTON AVENUE
    ALBANY,NY12222     		N/A 501(C)(3) UALBANY SSW INTERNSHIPS IN AGING PROJECT (IAP) 5,000
    TROY DOWNTOWN COLLABORATIVE
    251 RIVER STREET
    TROY,NY12180     		N/A 501(C)(3) UNCLE SAM PROJECT 1,600
    THE ALTAMONT PROGRAM INC
    428 DUANE AVE
    SCHENECTADY,NY12304     		N/A 501(C)(3) 325 WASHINGTON AVE SRO RENOVATION PROJECT 10,000
    THE ARTS CENTER OF THE CAPITAL REGION
    265 RIVER STREET
    TROY,NY12180     		N/A 501(C)(3) ARTS ACCESS CAMP PROGRAM FOR YOUTH 5,000
    THE COMMUNITY FOUNDATION FOR THE GREATER CAPITAL REGION
    6 TOWER PL
    ALBANY,NY12203     		N/A 501(C)(3) DEVELOPING THE CAPITAL REGION'S CREATIVE ECONOMY 5,000
    Total .................................bullet 3a 570,488
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ............     		    14 123,074  
    4 Dividends and interest from securities....     14 223,294  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6
    Net rental income or (loss) from personal property .............     		         
    7 Other investment income.....          
    8
    Gain or (loss) from sales of assets other than inventory .............     		    18 772,899  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 1,119,267 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    131,119,267
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    139 N/A
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 12
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political
    Yes
    No
    organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If "Yes," complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's namebullet



    Firm's addressbullet







         		Firm's EINbullet
    Phone no.
    Form 990-PF (2013)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2013 AccountingFeesSchedule
    Name:
    THE TROY SAVINGS BANK CHARITABLE FOUNDATION
    EIN: 14-1813865
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING 3,250 0   1,625

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2013 DepreciationSchedule
    Name:
    THE TROY SAVINGS BANK CHARITABLE FOUNDATION
    EIN: 14-1813865
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    DRAPERIES 2004-09-30 2,830 2,830 SL 5.000000000000 0 0    
    PRINTER 2004-01-31 2,540 2,540 SL 5.000000000000 0 0    
    PHONE SYSTEM 2011-04-01 2,279 570 SL 7.000000000000 326 0    
    HP LAPTOP 2012-04-16 3,425 457 SL 5.000000000000 685 0    
    HP PRINTER 2012-04-16 797 106 SL 5.000000000000 159 0    
    DELL DESKTOP 2012-04-16 3,162 422 SL 5.000000000000 632 0    

    TY 2013 InvestmentsCorpBondsSchedule
    Name:
    THE TROY SAVINGS BANK CHARITABLE FOUNDATION
    EIN: 14-1813865
    Name of Bond End of Year Book Value End of Year Fair Market Value
    CORPORATE BONDS 1,607,925 1,607,925

    TY 2013 InvestmentsCorpStockSchedule
    Name:
    THE TROY SAVINGS BANK CHARITABLE FOUNDATION
    EIN: 14-1813865
    Name of Stock End of Year Book Value End of Year Fair Market Value
    CORPORATE STOCK 7,358,716 7,358,716

    TY 2013 InvestmentsGovtObligationsSch
    Name:
    THE TROY SAVINGS BANK CHARITABLE FOUNDATION
    EIN: 14-1813865
    US Government Securities - End of Year Book Value:

    456,332
    US Government Securities - End of Year Fair Market Value:

    456,332
    State & Local Government Securities - End of Year Book Value:


    514,688
    State & Local Government Securities - End of Year Fair Market Value:


    514,688


    TY 2013 InvestmentsOtherSchedule2
    Name:
    THE TROY SAVINGS BANK CHARITABLE FOUNDATION
    EIN: 14-1813865
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    MONEY MARKET TRUSTS FMV 295,802 295,802
    UNITRUSTS/OTHER INVESTMENTS FMV 4,238,576 4,238,576

    TY 2013 LandEtcSchedule2
    Name:
    THE TROY SAVINGS BANK CHARITABLE FOUNDATION
    EIN: 14-1813865
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    DRAPERIES 2,830 2,830 0  
    PRINTER 2,540 2,540 0  
    GRANT LIFECYCLE MANAGER - 2 YEAR LICENSE 5,500 5,500 0  
    PHONE SYSTEM 2,279 896 1,383  
    HP LAPTOP 3,425 1,142 2,283  
    HP PRINTER 797 265 532  
    DELL DESKTOP 3,162 1,054 2,108  


    TY 2013 OtherAssetsSchedule
    Name:
    THE TROY SAVINGS BANK CHARITABLE FOUNDATION
    EIN: 14-1813865
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ACCRUED INTEREST RECEIVABLE 43,297 34,462 34,462
    DUE FROM TROY MUSICAL HALL 9,497 7,720 7,720
    SECURITY DEPOSIT 417 417 417
    PREPAID EXCISE TAXES 1,956 0 0


    TY 2013 OtherExpensesSchedule
    Name:
    THE TROY SAVINGS BANK CHARITABLE FOUNDATION
    EIN: 14-1813865
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INSURANCE 991 0   0
    MEMBERSHIP/DUES/SUBSCRIPTION 1,604 0   0
    TELEPHONE 1,754 263   1,491
    OFFICE/OPERATING EXPENSES 6,140 921   5,219
    INVESTMENT FEES 50,199 0   0
    ADMINISTRATION 3,469 0   0
    PENALTY AND INTEREST 8 0   0


    TY 2013 OtherIncreasesSchedule
    Name:
    THE TROY SAVINGS BANK CHARITABLE FOUNDATION
    EIN: 14-1813865
    Description Amount
    ACCUMULATED CHANGE IN UNREALIZED GAINS/LOSSES 1,449,001


    TY 2013 OtherLiabilitiesSchedule
    Name:
    THE TROY SAVINGS BANK CHARITABLE FOUNDATION
    EIN: 14-1813865
    Description Beginning of Year - Book Value End of Year - Book Value
    PAYROLL TAXES PAYABLE 3,957 4,237
    EXCISE TAXES PAYABLE 0 10,528


    TY 2013 OtherProfessionalFeesSchedule
    Name:
    THE TROY SAVINGS BANK CHARITABLE FOUNDATION
    EIN: 14-1813865
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    SEMINARS/TRAINING 306 0   0
    CONSULTING 362 0   0
    LEGAL 5,580 0   0


    TY 2013 TaxesSchedule
    Name:
    THE TROY SAVINGS BANK CHARITABLE FOUNDATION
    EIN: 14-1813865
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    STATE FILING FEE 750 0   0
    FEDERAL EXCISE TAX 21,782 0   0