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.
bulletInformation about Form 990-PF and its instructions is at www.irs.gov/form990pf.
OMB No. 1545-0052
2014
Open to Public Inspection
For calendar year 2014, or tax year beginning 2014, and ending , 20
Name of foundation
BANK OF GREENE COUNTY
CHARITABLE FOUNDATION
% MICHELLE PLUMMER
Number and street (or P.O. box number if mail is not delivered to street address)302 MAIN STREET PO BOX 470   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CATSKILL, NY12414
A Employer identification number

14-1810419
B Telephone number (see instructions)

(518) 943-2600
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$2,310,242J 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).............. 70,000
2 Check bullet
Sch. B ...............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities...... 57,322 57,322  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 2,769
b Gross sales price for all assets on line 6a 3,246
7 Capital gain net income (from Part IV, line 2)...  
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)....... Click to see attachment 100    
12 Total. Add lines 1 through 11........ 130,191 57,322  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 1,595 0 0 0
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 1,760      
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 142      
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 3,497 0 0 0
25 Contributions, gifts, grants paid........ 93,900 93,900
26 Total expenses and disbursements. Add lines 24 and 25 97,397 0 0 93,900
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 32,794
b Net investment income (if negative, enter -0-) 57,322
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2014)
Form 990-PF (2014)
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............... 61,713 90,605 90,605
2 Savings and temporary cash investments..........      
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)      
b Investments—corporate stock (attach schedule)........ 445,957 Click to see attachment449,622 2,219,637
c Investments—corporate bonds (attach schedule)........      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 507,670 540,227 2,310,242
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)    
23 Total liabilities (add lines 17 through 22)..........   0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted................... 507,670 540,227
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 instructions)...... 507,670 540,227
31 Total liabilities and net assets/fund balances (see instructions).. 507,670 540,227
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)............... 1 507,670
2 Enter amount from Part I, line 27a..................... 2 32,794
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 540,464
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 237
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 540,227
Form 990-PF (2014)
Form 990-PF (2014)
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.)
1a
b
c
d
e
(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
b
c
d
e
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
b
c
d
e
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  
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 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))
2013 80,300 1,912,364 0.04199
2012 62,550 1,619,421 0.038625
2011 72,700 1,492,258 0.048718
2010 70,250 1,406,734 0.049938
2009 54,400 1,271,666 0.042779
2 Total of line 1, column (d) ...................... 2 0.22205
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 0.04441
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 2,190,324
5 Multiply line 4 by line 3....................... 5 97,272
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 573
7 Add lines 5 and 6......................... 7 97,845
8 Enter qualifying distributions from Part XII, line 4.............. 8 93,900
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 (2014)
Form 990-PF (2014)
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 1,146
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  
3 Add lines 1 and 2........................... 3 1,146
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 1,146
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 1,120
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 1,120
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 26
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 2015 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 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$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
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)
    bulletDE, NY
    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 2014 or the taxable year beginning in 2014 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. Click to see attachment...............................
    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 addressbulletwww.thebankofgreenecounty.com
    14
    The books are in care ofbulletMICHELLE PLUMMER Telephone no.bullet (518) 943-2600
    Located atbullet302 MAIN STREETCATSKILLNY ZIP+4bullet12414
    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 2014, 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 FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 6
    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 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 2014?.............
    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 2014, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2014?...............
    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
     
    No
    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 2014 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 2014.)....................
    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 2014?
    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 4945(d)(4)(A)? (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 (2014)
    Form 990-PF (2014)
    Page 7
    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
    DONALD GIBSON PRESIDENT & CEO - AS NEEDED
    0     		0    
    302 MAIN STREET PO BOX 470
    CATSKILL,NY12414
    JASON R MEEKS VICE PRESIDENT - AS NEEDED
    0     		0    
    302 MAIN STREET PO BOX 470
    CATSKILL,NY12414
    STEPHEN NELSON EXECUT. VICE PRES. - AS NEEDED
    0     		0    
    302 MAIN STREET PO BOX 470
    CATSKILL,NY12414
    MICHELLE M PLUMMER TREASURER & CFO - AS NEEDED
    0     		0    
    302 MAIN STREET PO BOX 470
    CATSKILL,NY12414
    DAVID H JENKINS DVM DIRECTOR - AS NEEDED
    0     		0    
    302 MAIN STREET PO BOX 470
    CATSKILL,NY12414
    CHARLES H SCHAEFER ESQ DIRECTOR - AS NEEDED
    0     		0    
    302 MAIN STREET PO BOX 470
    CATSKILL,NY12414
    JAY P CAHALAN DIRECTOR - AS NEEDED
    0     		0    
    302 MAIN STREET PO BOX 470
    CATSKILL,NY12414
    PAUL SLUTZKY DIRECTOR - AS NEEDED
    0     		0    
    302 MAIN STREET PO BOX 470
    CATSKILL,NY12414
    MARTIN C SMITH CHAIRMAN - AS NEEDED
    0     		0    
    302 MAIN STREET PO BOX 470
    CATSKILL,NY12414
    PETER HOGAN CPA DIRECTOR - AS NEEDED
    0     		0    
    302 MAIN STREET PO BOX 470
    CATSKILL,NY12414
    PERRY LASHER VICE PRESIDENT - AS NEEDED
    0     		0    
    302 MAIN STREET PO BOX 470
    CATSKILL,NY12414
    CYNTHIA DUPILKA VICE PRESIDENT - AS NEEDED
    0     		0    
    302 MAIN STREET PO BOX 470
    CATSKILL,NY12414
    SUSAN TIMAN SECRETARY - AS NEEDED
    0     		0    
    302 MAIN STREET PO BOX 470
    CATSKILL,NY12414
    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
     
    Total number of other employees paid over $50,000...................bullet  
    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
     
    Total number of others receiving over $50,000 for professional services.............bullet  
    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 (2014)
    Form 990-PF (2014)
    Page 8
    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 instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    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
    2,147,532
    b
    Average of monthly cash balances.......................
    1b
    76,147
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    2,223,679
    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
    0
    3
    Subtract line 2 from line 1d.........................
    3
    2,223,679
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    33,355
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    2,190,324
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    109,516
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    109,516
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    1,146
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,146
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    108,370
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    108,370
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    108,370
    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
    93,900
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    93,900
    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
    93,900
    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 (2014)
    Form 990-PF (2014)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2013     		(c)
    2013     		(d)
    2014
    1 Distributable amount for 2014 from Part XI, line 7 108,370
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only....... 93,787
    b Total for prior years:2012, 2011, 2010  
    3 Excess distributions carryover, if any, to 2014:
    a From 2009.......  
    b From 2010.......  
    c From 2011.......  
    d From 2012.......  
    e From 2013....... 0
    fTotal of lines 3a through e......... 0
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 93,900
    a Applied to 2013, but not more than line 2a 93,787
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		 
    d Applied to 2014 distributable amount..... 113
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2014. 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 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		 
    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......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2013. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2014. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		108,257
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8Excess distributions carryover from 2009 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2010....  
    b Excess from 2011....  
    c Excess from 2012....  
    d Excess from 2013....  
    e Excess from 2014.... 0
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 10
    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 2014, 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) 2014 (b) 2013 (c) 2012 (d) 2011
             
    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:
    BANK OF GREENE COUNTY OPERATION CTR
    PO BOX 470
    CATSKILL,NY12414
    (518) 943-2600
    bThe form in which applications should be submitted and information and materials they should include:
    SUBMIT A COVER LETTER ON THE REQUESTING ORGANIZATION'S LETTERHEAD. THE AMOUNT REQUESTED, PURPOSE OF THE GRANT AND THE NAME, ADDRESS AND TELEPHONE NUMBER OF THE ORGANIZATION'S CONTACT PERSON. BRIEF DESCRIPTION OF THE ORGANIZATION'S PURPOSE, HISTORY AND FORWARD OUTLOOK. COPY OF THE ORGANIZATION'S BUDGET FOR THE CURRENT AND PRECEEDING YEARS LIST OF THE ORGANIZATION'S CURRENT OFFICERS AND DIRECTORS. COPY OF THE ORGANIZATION'S IRS DETERMINATION LETTER OF TAX-EXEMPT CHARITABLE STATUS UNDER SECTION 501(C)(3), IF APPLICABLE. LIST OF OTHER ORANIZATIONS AND FOUNDATIONS THAT CURRENTLY SUPPORT YOUR ORGANIZATION AND THE PURPOSE AND AMOUNT RECEIVED FROM EACH. DATES AND AMOUNTS OF ANY PREVIOUS GRANTS RECEIVED FROM THE BANK OF GREENE COUNTY CHARITABLE FOUNDATION AND ANY APPLICATIONS TO THE FOUNDATION THAT WERE NOT GRANTED.
    cAny submission deadlines:
    REQUEST FOR FUNDING MUST BE SUBMITTED BETWEEN DECEMBER 1ST AND JANUARY 15TH OF THE CURRENT FISCAL YE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    PURPOSE MUST BE ONE OF THE FOLLOWING: EDUCATION, HEALTH AND WELLNESS, SOCIAL AND CIVIC SERVICES, CULTURE AND ART OR HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS.
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 11
    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
    CAPITAL DISTRICT YMCA
    465 NEW KARNER ROAD
    ALBANY,NY12205     		NONE PC SUPPORT OF GREENE COUNTY YMCA IN COXSACKIE 10,000
    CATSKILL COMMUNITY CENTER
    PO BOX 389
    344 MAIN STREET
    CATSKILL,NY12414     		NONE PC CAPITAL IMPROVEMENTS - KITCHEN 2,500
    BENEDICTINE HEALTH FOUNDATION
    105 MARYS AVENUE
    KINGSTON,NY12401     		NONE PC SUPPORT GALA 1,500
    ALLIANCE FOR POSITIVE HEALTH
    927 BROADWAY
    ALBANY,NY12207     		NONE PC SPONSORSHIP OF COLUMBIA COUNTY GARDEN PARTY 250
    THE AUTISM CONNECTION OF GREENE COUNTY
    PO BOX 158
    COXSACKIE,NY12051     		NONE PC SUPPORT OF SERVICES & PROGRAMS 1,000
    BREAST CANCER OPTIONS INC
    101 HURLEY AVENUE
    SUITE 10
    KINGSTON,NY12401     		NONE PC SUPPORT BREAST CANCER CONFERENCE 250
    CHATHAM KIDS CLUB
    PO BOX 221
    CHATHAM,NY12037     		NONE PC SUPPORT OF SUMMER PROGRAM 750
    COLUMBIA COUNTY AGRICULTURAL SOCIETY INC
    PO BOX 257
    CHATHAM,NY12037     		NONE PC GENERAL OPERATING FUNDS 1,000
    ANIMAL KIND
    721 WARREN STREET
    HUDSON,NY12534     		NONE PC MEDICAL CARE FOR INJURED AND SICK PETS 500
    BRIDGE STREET THEATRE
    44 WEST BRIDGE STREET
    CATSKILL,NY12414     		NONE PC SUPPORT THEATRE PRODUCTIONS 1,000
    COLUMBIA COUNTY FIRE CHIEFS' ASSOCIATION
    PO BOX 94
    WEST LEBANON,NY12195     		NONE PC OPERATING COSTS 500
    ATHENS CULTURAL CENTER
    24 SECOND STREET
    ATHENS,NY12015     		NONE PC CONTINUE AND EXPAND THE SUMMER ARTS PROGRAM 500
    CARING HANDS SOUP KITCHEN AND FOOD PANTRY
    PO BOX 1099
    122 CLINTON AVENUE
    KINGSTON,NY12401     		NONE PC SUPPORT FOOD PANTRY 250
    CATHOLIC CHARITIES OF COLUMBIA AND GREENE COUNTIES
    431 EAST ALLEN STREET
    HUDSON,NY12534     		NONE PC PURCHASE FURNITURE 500
    AMERICAN FOUNDATION FOR SUICIDE PREVENTION
    PO BOX 486
    CAPITAL REGION CHAPTER
    EAST GREENBUSH,NY12061     		NONE PC SUPPORT OF COLUMBIA GREENE OUT OF THE DARKNESS COMMUNITY WALK 250
    AMERICAN RED CROSS NORTHEASTERN NY REGION
    33 EVERETT ROAD
    ALBANY,NY12205     		NONE PC SUPPORT OF LOCAL DISASTER RELIEF EFFORTS AND PREPAREDNESS INITIATIVES FOR GREENE COUNTY 1,000
    CARVER'S BARN
    81 GREEN HILL ROAD
    ELKA PARK,NY12427     		NONE PC SUPPORT SUMMER THEATRE SEASON 100
    CATSKILL PUBLIC LIBRARY
    1 FRANKLIN STREET
    CATSKILL,NY12414     		NONE PC SUPPORT MAKING SPACE PROGRAM 500
    CAMP GRACE
    45 CHURCH STREET
    COXSACKIE,NY12051     		NONE PC FOOD AND OTHER SUPPLIES FOR SOUP KITCHEN 500
    CATHOLIC CHARTIES TRI-COUNTY SERVICES
    PO BOX 28
    RENSSELAER,NY12144     		NONE PC SUPPORT COMMUNITY RESOURCE CENTER & COMMUNITY EVENTS 250
    BARD COLLEGE
    PO BOX 5000
    ANNANDALEONHUDSON,NY12504     		NONE PC SUPPORT OF DREAM TO ACHIEVE PROGRAM 250
    COXSACKIE ATHENS FOUNDATION FOR EDUCATION
    24 SUNSET BLVD
    COXSACKIE,NY12051     		NONE PC GREENHOUSE CONSTRUCTION & EDUCATIONAL INIATIVE 500
    COMMON GROUND DISPUTE RESOLUTION INC
    11 WILLIAM STREET
    CATSKILL,NY12414     		NONE PC SUPPORT FOREVER PARENTS PROGRAM 1,000
    TANNERSVILLE AREA HEALTH COMMITTEE
    PO BOX 192
    SOUTH CAIRO,NY12482     		NONE PC PURCHASE MEDICAL EQUIPMENT & SHELVING 500
    CATSKILL CENTRAL SCHOOL DISTRICT
    343 WEST MAIN STREET
    CATSKILL,NY12414     		NONE PC SUPPORT WESTSIDE CAFE PROGRAM 500
    ZADOCK PRATT MUSEUM
    PO BOX 333
    PRATTSVILLE,NY12468     		NONE PC PROGRAMS EXHIBITS AND EVENTS 2,000
    CATSKILL SOCCER CLUB
    PO BOX 39
    CATSKILL,NY12414     		NONE PC CONSTRUCTION OF WELL AND SEPTIC SYSTEM 500
    GREENE COUNTY HISTORICAL SOCIETY
    90 COUNTY ROUTE 42
    BRONCK MUSEUM/VEDDER RESEARCH LIBRA
    COXSACKIE,NY12051     		NONE PC PURCHASE UV FILTERING SLEEVES FOR LIGHTING IN LIBRARY 1,000
    THOMAS COLE NATIONAL HISTORICAL SITE
    PO BOX 426
    218 SPRING STREET
    CATSKILL,NY12414     		NONE PC NEW STUDIO CONSTRUCTION $1,000 & GARDENS $750 1,750
    COLUMBIA GREENE HOSPITAL FOUNDATION
    71 PROSPECT AVENUE
    HUDSON,NY12534     		NONE PC SPONSOR GALA $3,600 & WINTERBLAST $2,500 FUNDRAISING EVENTS 6,100
    GERMANTOWN ECONOMIC DEVELOPMENT COMMITTEE
    50 PALATINE ROAD
    TOWN OF GERMANTOWN
    GERMANTOWN,NY12526     		NONE PC SUPPORT CREATION OF BLAST MAILING LIST FOR EVENTS 500
    COARC
    630 ROUTE 217
    MELLENVILLE,NY12544     		NONE PC SUPPORT FUSION DAY PROGRAM, DRUMMING CIRCLE & RECREATIONAL ACTIVITIES 1,000
    GERMANTOWN LIBRARY
    31 PALATINE PARK ROAD
    GERMANTOWN,NY12526     		NONE PC PURCHASE TV/MONITOR 500
    GREENE COUNTY COUNCIL ON THE ARTS
    398 MAIN STREET
    CATSKILL,NY12414     		NONE PC SUPPORT BEAUX ARTS BALL 4,200
    CAIRO TOWN PARK COMMITTEE
    PO BOX 932
    CAIRO,NY12413     		NONE PC IMPROVEMENTS TO PARK 1,300
    CAPITAL CITY RESCUE MISSION
    259 SOUTH PERL STREET
    ALBANY,NY12202     		NONE PC SUPPORT OF THE HEALTHCARE FOR THE HOMELESS FREE CLINIC 500
    HAWTHORNE VALLEY ASSOCIATION
    327 COUNTY ROUTE 21C
    GHENT,NY12075     		NONE PC SUPPORT OF PLACE BASED LEARNING CENTER FARM & ARTS PROGRAMS 1,000
    CATSKILL EDUCATION FOUNDATION
    PO BOX 88
    CATSKILL,NY12414     		NONE PC INNOVATIVE PROJECTS IN THE CATSKILL SCHOOL DISTRICT 500
    CATSKILL LITTLE LEAGUE
    PO BOX 808
    CATSKILL,NY12414     		NONE PC NEW PAVILION 250
    THE CATSKILL MOUNTAIN FOUNDATION INC
    PO BOX 924
    7970 MAIN STREET
    HUNTER,NY12442     		NONE PC ARTS PROGRAM 1,000
    HUNTER FOUNDATION
    PO BOX 563
    TANNERSVILLE,NY12485     		NONE PC GENERAL OPERATING EXPENSES 1,000
    THE FORTNIGHTLY CLUB OF CATSKILL
    PO BOX 21
    CATSKILL,NY12414     		NONE PC SPONSOR FESTIVAL OF TREES FUNDRAISING EVENT 1,000
    COLUMBIA OPPORTUNITIES INC
    540 COLUMBIA STREET
    HUDSON,NY12534     		NONE PC SUPPORT OF LITERACY PROGRAMS 500
    GHENT VOLUNTEER FIRE COMPANY
    PO BOX 32
    GHENT,NY12075     		NONE PC PURCHASE TRAINING EQUIPMENT 500
    COMMUNITY ACTION OF GREENE COUNTY INC
    7856 ROUTE 9W
    CATSKILL,NY12414     		NONE PC FOOD PANTRY 1,000
    COLUMBIA LAND CONSERVANCY
    49 MAIN STREET
    CHATHAM,NY12037     		NONE PC SUPPORT OF PUBLIC CONSERVATION PROGRAM 500
    ROELIFF JANSEN COMMUNITY LIBRARY
    PO BOX 669
    HILLSDALE,NY12529     		NONE PC SUPPORT BOOKMOBILE 500
    YMCA OF KINGSTON AND ULSTER COUNTY
    507 BROADWAY
    KINGSTON,NY12401     		NONE PC SUPPORT SWIMMING LESSONS 500
    GREENE COUNTY AGING SERVICES FOUNDATION INC
    411 MAIN STREET
    CATSKILL,NY12414     		NONE PC SUPPORT MEDICAL TRANSPORTION SERVICES 1,000
    THE MOUNTAIN TOP HISTORICAL SOCIETY
    PO BOX 263
    HAINES FALLS,NY12436     		NONE PC PURCHASE COMPUTER 500
    HUDSON DOLLARS FOR SCHOLARS
    PO BOX 1048
    HUDSON,NY12534     		NONE PC SCHOLARSHIP EXPENSES 1,000
    HOUSING RESOURCES OF COLUMBIA COUNTY INC
    252 COLUMBIA STREET
    HUDSON,NY12534     		NONE PC SUPPORT OF COMPREHENSIVE HOUSING COUNSELING PROGRAM 500
    COLUMBIA-GREENE COMMUNITY FOUNDATION
    4400 ROUTE 23
    HUDSON,NY12534     		NONE PC SPONSOR GOLF TOURNAMMENT $4,800 AND GALA $2,500 7,300
    HUDSON JAZZWORKS INC
    338 KIPP ROAD
    HUDSON,NY12534     		NONE PC SUPPORT PROGRAMS 500
    CORNELL COOPERATIVE EXTENSION COLUMBIA & GREENE
    6055 ROUTE 23
    ACRA,NY12405     		NONE PC SPONSOR DOWN HOME DINNER FUNDRAISING EVENT 1,000
    GREENE COUNTY AGRICULTURAL SOCIETY
    PO BOX 84
    GREENVILLE,NY12083     		NONE PC SUPPORT GREENE COUNTY YOUTH FAIR 500
    GREENE COUNTY POP WARNER FOOTBALL & CHEERLEADING
    PO BOX 397
    SOUTH CAIRO,NY12451     		NONE PC SUPPORT FOR FOOTBAL PROGRAM 250
    FRIENDS OF CLERMONT
    87 CLERMONT AVENUE
    GERMANTOWN,NY12526     		NONE PC SPONSOR OF CLERMONT COMMUNITY GARDEN 500
    HUDSON AREA ASSOCIATION LIBRARY
    PO BOX 830
    400 STATE STREET
    HUDSON,NY12534     		NONE PC SUPPORT STORYTIME ON THE GO PROGRAM 500
    GREENE LAND TRUST
    207 MANSION STREET
    COXSACKIE,NY12051     		NONE PC RENOVATION AND FURNISHMENTS OF ENVIROMENTAL EDUCATION CENTER 1,000
    HEALTH ALLIANCE FOUNDATION
    396 BROADWAY
    KINGSTON,NY12401     		NONE PC SPONSOR TULIP BALL 2,500
    GIRL SCOUTS OF NORTHEASTERN NEW YORK
    107 HAMMOND LANE
    SUITE 1
    PLATTSBURGH,NY12901     		NONE PC SUPPORT GIRL GRANTS 250
    OPERATION UNITE EDUCATION AND CULTURAL ARTS CENTER
    360 COLUMBIA STREET
    HUDSON,NY12534     		NONE PC HEALTH AND WELLNESS INITIATIVE 500
    HENRY HUDSON YOUTH SOCCER INC
    PO BOX 86
    COXSACKIE,NY12051     		NONE PC SUPPORT VOLUNTEER COACHES AND LICENSING COURSES 250
    THE RENSSELAERVILLE LIBRARY
    PO BOX 188
    MAIN STREET
    RENSSELAERVILLE,NY12147     		NONE PC PURCHASE TV ENTERTAINMENT CENTER 500
    HOPE FULL OF LIFE
    2480 US ROUTE 9W
    RAVENA,NY12143     		NONE PC SUPPORT OF FOOD ASSISTANCE PROGRAM 250
    ST MARK'S EVANGELICAL LUTHERAN CHURCH
    8 STORM AVENUE
    HUDSON,NY12534     		NONE PC SUPPORT FOOD PANTRY 500
    HUDSON-ATHENS LIGHTHOUSE PRESERVATION SOCIETY
    PO BOX 145
    ATHENS,NY12015     		NONE PC SUPPORT HOLIDAY SEASON 1,000
    HUDSON DAY CARE CENTER
    10-12 WARREN STREET
    HUDSON,NY12534     		NONE PC SUPPORT DAY CARE SERVICES 100
    TWIN COUNTY RECOVERY SERVICES INC
    802 COLUMBIA STREET SUITE 2
    HUDSON,NY12534     		NONE PC SUPPORT COMMUNITY HEALTH INITIATIVE 500
    GREENE COUNTY RURAL HEALTH NETWORK
    159 JEFFERSON HEIGHTS
    SUITE A112
    CATSKILL,NY12414     		NONE PC SUPPORT HEALTHY WEIGHT INITIATIVE PROGRAM 1,000
    GREENE ROOM PLAYERS
    PO BOX 535
    HUNTER,NY12442     		NONE PC SUPPORT THEATER PROGRAM 250
    HUDSON OPERA HOUSE
    327 WARREN STREET
    HUDSON,NY12534     		NONE PC SUPPORT FREE ARTS & MUSIC PROGRAM FOR CHILDREN 250
    HUDSON CHILDREN'S BOOK FESTIVAL
    102 HARRY HOWARD AVENUE
    HUDSON,NY12534     		NONE PC SUPPORT OF CHILDREN'S BOOK FESTIVAL 500
    LITERACY CONNECTIONS OF THE HUDSON VALLEY
    400 STATE STREET
    HUDSON,NY12534     		NONE PC INSTRUCTIONAL MATERIALS 250
    HUDSON SENIOR HIGH SCHOOL
    215 HARRY HOWARD AVENUE
    HUDSON,NY12534     		NONE PC PURCHASE GOOGLE CHROMEBOOKS FOR STUDENTS 500
    MELLENVILLE VOLUNTEER FIRE COMPANY
    479 ROUTE 217
    HUDSON,NY12534     		NONE PC SPONSOR OF GOLF TOURNAMENT 500
    RENSSELAERVILLE INSTITUTE
    2 OAKWOOD PLACE
    MINDS ON
    DELMAR,NY120542007     		NONE PC SUPPORT WORKSHOP COSTS 1,000
    MOUNTAIN TOP LIBRARY
    PO BOX 427
    6093 MAIN STREET
    TANNERSVILLE,NY12485     		NONE PC SUPPORT EDUCATION PROGRAMS 500
    NORTHERN CATSKILL YOUTH ASSOCIATION
    PO BOX 186
    CAIRO,NY12413     		NONE PC PURCHASE COMPUTER 1,000
    PEOPLE'S PLACE
    17 SAINT JAMES STREET
    KINGSTON,NY12401     		NONE PC SUPPORT BIRTHDAY BOOTH FOOD PANTRY PROGRAM 250
    PHILMONT PUBLIC LIBRARY
    PO BOX 816
    PHILMONT,NY12565     		NONE PC PURCHASE WIRELESS SCANNER 400
    PLANET ARTS
    PO BOX 387
    CATSKILL,NY12414     		NONE PC SUPPORT DEVELOPING MUSIC EDUCATION PROGRAMS 250
    RCS SPORTS ASSOCIATION INC
    2546 ROUTE 9W
    PO BOX 28
    RAVENA,NY12143     		NONE PC CONSTRUCTION OF NEW CONCESSION STAND FOR RCS HIGH SCHOOL 250
    THE CLAVERACK LIBRARY
    PO BOX 417
    CLAVERACK,NY12513     		NONE PC SUPPORT NEW LIBRARY & COMMUNITY CENTER 1,000
    THE COMMUNITY HOSPICE OF COLUMBIA-GREENE
    47 LIBERTY STREET
    CATSKILL,NY12414     		NONE PC SUPPORT OF SERVICES 4,600
    THE HEALTHCARE CONSORTIUM
    325 COLUMBIA STREET
    SUITE 200
    HUDSON,NY12534     		NONE PC COMMUNITY CANCER FUNDS 1,000
    RESURRECTION LUTHERAN CHURCH
    PO BOX 563
    CAIRO,NY12413     		NONE PC SUPPORT FOOD/SNACK PROGRAM IN THE CAIRO ELEMENTARY SCHOOL 500
    RIP VAN WINKLE COUNCIL BOY SCOUTS
    102 VINCENT LANE
    STONE RIDGE,NY12484     		NONE PC SUPPORT CAMP ACTIVITIES AT CAMP TRI-MOUNT 500
    TOWN OF CLERMONT
    1795 ROUTE 9
    GERMANTOWN,NY12526     		NONE PC PURCHASE STORAGE CABINET 350
    TOWN OF NEW BALTIMORE
    3809 COUNTY ROUTE 51
    HANNACROIX,NY12087     		NONE PC SUPPORT OF YOUTH SUMMER PROGRAM 500
    SPEIGLETOWN FIRE DISTRICT BOARD OF FIRE COMMISS
    146 SPEIGLETOWN ROAD
    TROY,NY12182     		NONE PC PURCHASE TWO FIRE EXHAUST FANS 500
    TOWN OF LIVINGSTON
    PO BOX 65
    LIVINGSTON,NY12541     		NONE PC SUPPORT ANNUAL TOWN NEWSLETTER 500
    THE TRIUMPH ORGANIZATION
    10 LIPTON STREET
    KINGSTON,NY12401     		NONE PC SUPPORT MARTIAL ARTS SCHOLARSHIPS FOR STUDENTS 100
    ULSTER COUNTY COMMUNITY ACTION
    70 LINDSLEY AVENUE
    KINGSTON,NY12401     		NONE PC SUPPORT MOBIL FOOD PANTRY 250
    UNITED WAY OF COLUMBIA AND GREENE COUNTIES
    PO BOX 718
    CATSKILL,NY12414     		NONE PC SUPPORT LEO LASHER CATFISH DERBY 1,000
    VILLAGE OF PHILMONT
    124 MAIN STREET
    PHILMONT,NY12565     		NONE PC SUPPORT OPERATING EXPENSES 250
    WASHINGTON IRVING SENIOR CENTER
    15 ACADEMY STREET
    CATSKILL,NY12414     		NONE PC SUPPORT PROGRAMS FOR SENIORS 500
    WINDHAM ARE RECREATION FOUNDATION
    61 STATE RTOUTE 296
    WINDHAM,NY12496     		NONE PC SUPPORT DEVELOPMENT OF THE RECREATIONAL WINDHAM PATHS THROUGH THE MOUNTAINS 500
    JEWISH FEDERATION OF NORTHEASTERN NY
    GOLUB CENTER
    184 WASHINGTON AVENUE EXTENSION
    ALBANY,NY12203     		NONE PC SUPPORT COMMUNITY EVENTS 100
    JUNIOR LEAGUE OF KINGSTON
    PO BOX 1214
    KINGSTON,NY12402     		NONE PC REBUIDING OF PLAYGROUND AT FORSYTH PARK 500
    Total .................................bullet 3a 93,900
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 12
    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 ............     		         
    4 Dividends and interest from securities....     14 57,322  
    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 2,769  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aGRANTS RETURNED         100
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   60,091 100
    13Total. Add line 12, columns (b), (d), and (e)..................
    1360,191
    (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.)
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 13
    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) 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 (2014)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors
    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Information about Schedule B (Form 990, 990-EZ, or 990-PF) and its instructions is at www.irs.gov/form990.
    OMB No. 1545-0047
    2014
    Name of the organization
    BANK OF GREENE COUNTY
    CHARITABLE FOUNDATION
    Employer identification number

    14-1810419
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ





    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
    Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it does not meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2014)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)
    Page 2
    Name of organization
    BANK OF GREENE COUNTY
    CHARITABLE FOUNDATION         		Employer identification number

    14-1810419
    Part I
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
     
     

    BANK OF GREENE COUNTY  
    PO BOX 470
     
    CATSKILL, NY12414

    		$70,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)
    Page 3
    Name of organization
    BANK OF GREENE COUNTY
    CHARITABLE FOUNDATION         		Employer identification number

    14-1810419
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)
    Page 4
    Name of organization
    BANK OF GREENE COUNTY
    CHARITABLE FOUNDATION         		Employer identification number

    14-1810419
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10)
    that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2014 AccountingFeesSchedule
    Name:
    BANK OF GREENE COUNTY
    CHARITABLE FOUNDATION
    EIN: 14-1810419
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 1,595      

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

    TY 2014 DepreciationSchedule
    Name:
    BANK OF GREENE COUNTY
    CHARITABLE FOUNDATION
    EIN: 14-1810419
    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

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

    TY 2014 GainLossSaleOtherAssetsSch
    Name:
    BANK OF GREENE COUNTY
    CHARITABLE FOUNDATION
    EIN: 14-1810419
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    GREENE COUNTY BANCORP INC COM     2014-12   153 23     130  
    GREENE COUNTY BANCORP INC COM     2015-06   3,093 454     2,639  

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    BANK OF GREENE COUNTY
    CHARITABLE FOUNDATION
    EIN: 14-1810419
    Name of Stock End of Year Book Value End of Year Fair Market Value
    GREENE COUNTY SAVINGS BANK 334,262 2,092,989
    MUTUAL FUNDS INVEST MARKTPLACE 115,360 126,648

    TY 2014 OtherDecreasesSchedule
    Name:
    BANK OF GREENE COUNTY
    CHARITABLE FOUNDATION
    EIN: 14-1810419
    Description Amount
       


    TY 2014 OtherExpensesSchedule
    Name:
    BANK OF GREENE COUNTY
    CHARITABLE FOUNDATION
    EIN: 14-1810419
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OFFICE 142      


    TY 2014 OtherIncomeSchedule2
    Name:
    BANK OF GREENE COUNTY
    CHARITABLE FOUNDATION
    EIN: 14-1810419
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    GRANTS RETURNED 100    


    TY 2014 SubstantialContributorsSch
    Name:
    BANK OF GREENE COUNTY
    CHARITABLE FOUNDATION
    EIN: 14-1810419
    Name Address
    BANK OF GREENE COUNTY PO BOX 470
    CATSKILL,NY12414


    TY 2014 TaxesSchedule
    Name:
    BANK OF GREENE COUNTY
    CHARITABLE FOUNDATION
    EIN: 14-1810419
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    NYS FILING FEES 250      
    FEDERAL TAXES 1,120      
    DELAWARE CORPORATION TAX 365      
    CONNECTICUIT CORPORATION TAX 25