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
2015
Open to Public Inspection
For calendar year 2015, or tax year beginning 01-01-2015 , and ending 12-31-2015
Name of foundation
People's United Community Foundation of
Eastern Massachusetts Inc
% Foundation Source
Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377
A Employer identification number

26-0814452
B Telephone number (see instructions)

(800) 839-1754
C bullet
G Check all that apply:

D 1. bullet
2. bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$14,929,181J Accounting method:
 
(Part I, column (d) must be on cash basis.)
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) 0
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments 28 28  
4 Dividends and interest from securities... 616,923 616,923  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 580,768
b Gross sales price for all assets on line 6a 929,309
7 Capital gain net income (from Part IV, line 2)... 532,300
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........ 1,197,719 1,149,251  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 1,621 0 0 1,621
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 6,200      
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 29,782     29,782
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 37,603 0 0 31,403
25 Contributions, gifts, grants paid....... 719,850 719,850
26 Total expenses and disbursements. Add lines 24 and 25 757,453 0 0 751,253
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 440,266
b Net investment income (if negative, enter -0-) 1,149,251
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2015)
Form 990-PF (2015)
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.............      
2 Savings and temporary cash investments......... 129,822 197,694 197,694
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)....... 5,695,816 Click to see attachment6,068,210 14,731,487
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) 5,825,638 6,265,904 14,929,181
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..................    
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 5,825,638 6,265,904
30 Total net assets or fund balances (see instructions)..... 5,825,638 6,265,904
31 Total liabilities and net assets/fund balances (see instructions). 5,825,638 6,265,904
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
5,825,638
2
Enter amount from Part I, line 27a .....................
2
440,266
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
6,265,904
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
6,265,904
Form 990-PF (2015)
Form 990-PF (2015)
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 Publicly-traded Securities      
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 929,309   397,009 532,300
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       532,300
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 2 532,300
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))
2014 710,954 13,595,005 0.052295
2013 578,464 12,973,847 0.044587
2012 615,866 11,302,525 0.054489
2011 533,588 12,016,009 0.044406
2010 481,128 8,989,919 0.053519
2
Total of line 1, column (d) .....................
20.249296
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
0.049859
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
14,317,259
5
Multiply line 4 by line 3......................
5
713,844
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
11,493
7
Add lines 5 and 6........................
7
725,337
8
Enter qualifying distributions from Part XII, line 4.............
8
751,253
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 (2015)
Form 990-PF (2015)
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 Bullet and enter “N/A" on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 11,493
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 11,493
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 11,493
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 12,240
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 12,240
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 747
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet747 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)
    bulletMA
    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 2015 or the taxable year beginning in 2015 (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
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    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 addressbullet  
    14
    The books are in care ofbulletFoundation Source Telephone no.bullet (800) 839-1754

    Located atbullet501 Silverside Road Suite 123WilmingtonDE ZIP+4bullet198091377
    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 2015, 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  
    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 2015?.............
    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 2015, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2015?.............
    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 2015 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 2015.)..................
    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 2015?
    4b
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (Continued)
    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 (2015)
    Form 990-PF (2015)
    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
    Ralph ArdiffClick to see attachment Dir
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Kevin T BottomleyClick to see attachment Pres / Chairman / Dir
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Diane C BrinkleyClick to see attachment Dir
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    John T DawleyClick to see attachment Dir
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Thomas FordClick to see attachment Clerk / Dir / Sec
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Matt HegartyClick to see attachment Dir
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Eleanor M HerseyClick to see attachment Dir
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Richard LarkinClick to see attachment Dir
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    J Michael O'BrienClick to see attachment Dir
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    John M PereiraClick to see attachment Dir
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Anthony PetrazzuoliClick to see attachment Dir / Treas
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Diane T StringerClick to see attachment Dir
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Patrick SullivanClick to see attachment Dir
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    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  
    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  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 8
    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
    14,301,673
    b
    Average of monthly cash balances.......................
    1b
    233,615
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    14,535,288
    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
    14,535,288
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    218,029
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    14,317,259
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    715,863
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    715,863
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    11,493
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    11,493
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    704,370
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    704,370
    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
    704,370
    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
    751,253
    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
    751,253
    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
    11,493
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    739,760
    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 (2015)
    Form 990-PF (2015)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2014     		(c)
    2014     		(d)
    2015
    1 Distributable amount for 2015 from Part XI, line 7 704,370
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only.......  
    b Total for prior years:2013, 2012, 2011  
    3 Excess distributions carryover, if any, to 2015:
    a From 2010......  
    b From 2011......  
    c From 2012...... 22,881
    d From 2013......  
    e From 2014...... 43,368
    fTotal of lines 3a through e........ 66,249
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 751,253
    a Applied to 2014, but not more than line 2a  
    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 2015 distributable amount..... 704,370
    e Remaining amount distributed out of corpus 46,883
    5 Excess distributions carryover applied to 2015.    
    (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 5 113,132
    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 2014. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2016. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		0
    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 2010 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		113,132
    10 Analysis of line 9:
    a Excess from 2011....  
    b Excess from 2012.... 22,881
    c Excess from 2013....  
    d Excess from 2014.... 43,368
    e Excess from 2015.... 46,883
    Form 990-PF (2015)
    Form 990-PF (2015)
    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 2015, 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) 2015 (b) 2014 (c) 2013 (d) 2012
             
    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).)
    NONE
    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:
    KEVIN NOYES
    ONE CONANT STREET
    DANVERS,MA01923
    (978) 739-0253
    bThe form in which applications should be submitted and information and materials they should include:
    PLEASE REFER TO HTTPS://WWW.PEOPLES.COM/PEOPLES/FOOTER/ ABOUT-PEOPLE'S-UNITED/IN-THE-COMMUNITY/CHARITABLE-GIVING/ PEOPLE'S-UNITED-COMMUNITY-FOUNDATION-OF-EASTERN-MASSACHUSETTS
    cAny submission deadlines:
    SEE PART XV LINE 2B
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    SEE PART XV LINE 2B
    Form 990-PF (2015)
    Form 990-PF (2015)
    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
    ANNA JAQUES HOSPITAL
    25 HIGHLAND AVE
    NEWBURYPORT,MA01950     		N/A PC Giving Every Baby the Best Start--AJH Birth Center Renovation Project 15,000
    ASIAN AMERICAN CIVIC ASSOCIATION INC
    87 TYLER ST
    BOSTON,MA02111     		N/A PC 'Secure Our Future' Capital Campaign 10,000
    ASIAN COMMUNITY DEVELOPMENT CORP
    38 OAK ST
    BOSTON,MA02111     		N/A PC Comprehensive Housing Opportunities Program 2,500
    BAY STATE READING INSTITUTE
    50 PROSPECT ST
    AMESBURY,MA01913     		N/A PC BSRI Partnership with Malden Schools Project 3,250
    BEVERLY BOOTSTRAPS COMMUNITY SERVICES INC
    371 CABOT ST
    BEVERLY,MA01915     		N/A PC Building Community. Together. Project 10,000
    BEVERLY CHILDRENS LEARNING CENTERS INC
    600 CUMMINGS CTR STE 171X
    BEVERLY,MA01915     		N/A PC Arts & Science Lab and Cafe area for After-School Program 5,000
    BIRTHDAY WISHES INC
    11 HOMER ST
    NEWTON,MA02459     		N/A PC Danvers Extended Stay Birthday in a Box Program 10,000
    BISHOP FENWICH HIGH SCHOOL INC
    99 MARGIN ST
    PEABODY,MA01960     		N/A PC Sponsor a Student Project 5,000
    BOSTON TRINITY ACADEMY INC
    17 HALE ST
    HYDE PARK,MA02136     		N/A PC Boston Trinity Academy Scholarship Fund 5,000
    BOYS & GIRLS CLUB OF WOBURN INC
    CHARLES GARDNER LN
    WOBURN,MA01801     		N/A PC Building Futures Capital Campaign 5,000
    BOYS AND GIRLS CLUB OF GREATER SALEM INC
    13 HAWTHORNE BLVD
    SALEM,MA01970     		N/A PC Teen Program Improvement Plan 3,500
    BREAD OF LIFE
    54 EASTERN AVE
    MALDEN,MA02148     		N/A PC Capital Campaign 5,000
    BREAKTHROUGH GREATER BOSTON INC
    PO BOX 381486
    CAMBRIDGE,MA02238     		N/A PC Replicating and Expanding Breakthrough's High School Program in Dorchester 7,500
    BUSINESSES UNITED IN INVESTING LENDING AND DEVELOP
    2385 BAY RD
    REDWOOD CITY,CA94063     		N/A PC Youth Entrepreneurship Program 2,500
    CABOT PERFORMING ARTS CENTER INC
    286 CABOT ST
    BEVERLY,MA01915     		N/A PC The Cabot Performing Arts Center Capital Campaign 10,000
    CARE DIMENSIONS INC
    75 SYLVAN ST B-102
    DANVERS,MA01923     		N/A PC Compassion... The Campaign for Care Dimensions Project 50,000
    CHANGE IS SIMPLE INCORPORATED
    8 ENON ST
    BEVERLY,MA01915     		N/A PC Change is Simple in Beverly Public Schools Project 5,000
    CHELSEA COLLABORATIVE INC
    318 BROADWAY
    CHELSEA,MA02150     		N/A PC Summer Youth Employment Initiative 2,500
    CITIZENS FOR ADEQUATE HOUSING INC
    40 WASHINGTON ST
    PEABODY,MA01960     		N/A PC Fund for Women Project 10,000
    CITY MISSION SOCIETY OF BOSTON INC
    14 BEACON ST STE 203
    BOSTON,MA02108     		N/A PC A Lift Up Project 2,500
    CITY OF BEVERLY
    191 CABOT ST
    BEVERLY,MA01915     		N/A PC Beverly Summer Literacy Initiative 10,000
    COMMUNITY YOUNG MENS CHRISTIAN ASSOC OF DANVERS MA
    34 PICKERING ST
    DANVERS,MA01923     		N/A PC People's United Bank Cardio and Strength Training Center Project 15,000
    DANVERS HISTORICAL SOCIETY GLEN MAGNA
    PO BOX 381
    DANVERS,MA01923     		N/A PC Come Grow With Us! Project 10,000
    DARE MASSACHUSETTS INC
    214 COMMERCIAL ST STE 206
    MALDEN,MA02148     		N/A PC Essex County Summer Day Program 2,500
    Danvers High School
    64 Cabot Road
    Danvers,MA01923     		N/A PC Scholarship Fund 1,000
    ENDICOTT COLLEGE
    376 HALE ST
    BEVERLY,MA01915     		N/A PC Raymond J. Bourque Ice Arena Project 20,000
    ENDICOTT COLLEGE
    376 HALE ST
    BEVERLY,MA01915     		N/A PC Emergency Scholarship Campaign 5,000
    ENGLISH AT LARGE INC
    800 W CUMMINGS PARK STE 5550
    WOBURN,MA01801     		N/A PC Individual and Small Group English language instruction Project 2,500
    ESSEX COUNTY COMMUNITY FOUNDATION INCORPORATED
    175 ANDOVER ST STE 101
    DANVERS,MA01923     		N/A PC Youth At Risk Conference Project 2,500
    FENWAY COMMUNITY DEVELOPMENT CORP
    70 BURBANK ST
    BOSTON,MA02115     		N/A PC Community Impact Project 10,000
    Danvers High School
    64 Cabot Road
    Danvers,MA01923     		N/A PC Scholarship Fund 1,000
    FOR KIDS ONLY AFTERSCHOOL INCORPORATED
    194 ESSEX ST
    SALEM,MA01970     		N/A PC General Operating Support for East Boston Programs 3,500
    FRIENDS FOREVER
    1 MORGAN WAY
    DURHAM,NH03824     		N/A PC Friends Forever: Impacting World Peace on the North Shore Project 2,500
    FRIENDS OF NORTHSHORE EDUCATION CONSORTIUM INC
    112 SOHIER RD
    BEVERLY,MA01915     		N/A SO I Specialized equipment for students with severe medical needs Project 12,500
    GEORGE PEABODY SOCIETY INC
    15 SYLVAN ST
    DANVERS,MA01923     		N/A PC George Augustus Peabody Memorial Urn Restoration Project 3,000
    GIRL SCOUTS OF EASTERN MASSACHUSETTS INC
    95 BERKELEY ST
    BOSTON,MA02116     		N/A PC FaB Factor Project 2,500
    HABITAT FOR HUMANITY INTERNATIONAL
    215 MAPLE ST
    LYNN,MA01904     		N/A PC 6-8 First Street, Ipswich Project 10,000
    HALLMARK HEALTH SYSTEM INC
    170 GOVERNORS AVE
    MEDFORD,MA02155     		N/A PC North Suburban Women, Infants and Children Mobile Food Market Project 2,100
    HARBORLIGHT COMMUNITY PARTNERS
    283 ELLIOT ST 2ND FL
    BEVERLY,MA01915     		N/A PC Affordable Family Housing Renovation Project 10,000
    HAVEN FROM HUNGER OF PEABODY INC
    71 WALLIS ST
    PEABODY,MA01960     		N/A PC Haven from Hunger Refrigerated Food-Rescue Truck Project 25,000
    HAVEN FROM HUNGER OF PEABODY INC
    71 WALLIS ST
    PEABODY,MA01960     		N/A PC Haven from Hunger Refrigerated Food-Rescue Truck Project 25,000
    HEALING ABUSE WORKING FOR CHANGE INC
    27 CONGRESS ST
    SALEM,MA01970     		N/A PC Domestic Violence Services and Outreach Project 10,000
    Danvers High School
    64 Cabot Road
    Danvers,MA01923     		N/A PC Scholarship Fund 1,000
    HORIZONS FOR HOMELESS CHILDREN INC
    1705 COLUMBUS AVE
    ROXBURY,MA02119     		N/A PC Further Strengthening STEM Learning Project 3,500
    HOUSING FAMILIES INC
    354 CROSS ST
    MALDEN,MA02148     		N/A PC GREAT Youth and Families Program 3,000
    HUNTINGTON THEATRE COMPANY INC
    264 HUNTINGTON AVE
    BOSTON,MA02115     		N/A PC Education and Community Programs 2,500
    JUSTICE RESOURCE INSTITUTE INC
    160 GOULD ST STE 300
    NEEDHAM,MA02494     		N/A PC YouthHarbors Malden High School Project 7,500
    LANDMARK SCHOOL INC
    429 HALE ST
    PRIDES CROSSING,MA01965     		N/A PC Landmark School Makerspace Program 10,000
    LAZARUS HOUSE INCORPORATED
    412 HAMPSHIRE ST
    LAWRENCE,MA01841     		N/A PC Opening Doors Out of Poverty Through Education and Work Preparation Project 5,000
    LEAP FOR EDUCATION INC
    209 ESSEX ST
    SALEM,MA01970     		N/A PC Salem and Peabody College Success Project 2,500
    MALDEN CATHOLIC HIGH SCHOOL
    99 CRYSTAL ST
    MALDEN,MA02148     		N/A PC The Essential Malden Catholic Campaign 5,000
    MASCONOMET EDUCATION FOUNDATION
    19 CANDLEWOOD DR
    TOPSFIELD,MA01983     		N/A PC Masconomet STEM Lab Project 10,000
    MASSACHUSETTS COALITION FOR THE HOMELESS INC
    15 BUBIER ST
    LYNN,MA01901     		N/A PC Teen Closet Expansion Project 7,500
    MISSION OF DEEDS INC
    6 CHAPIN AVE
    READING,MA01867     		N/A PC Cribs & Beds Project 5,000
    MONTSERRAT COLLEGE OF ART INC
    23 ESSEX ST
    BEVERLY,MA01915     		N/A PC Admissions and Enrollment Division equipment upgrade Project 10,000
    MUSIC AT EDENS EDGE INC
    PO BOX 5483
    BEVERLY FARMS,MA01915     		N/A PC Youth Chamber Concert Program 1,000
    MYSTIC VALLEY ELDER SERVICES INC
    300 COMMERCIAL ST
    MALDEN,MA02148     		N/A PC The Money Management Program 3,000
    NATIONAL BRAILLE PRESS INC
    88 SAINT STEPHEN ST
    BOSTON,MA02115     		N/A PC Great Expectations Bringing Picture Books to Life for Blind Kids Project 5,000
    NEIGHBORHOOD OF AFFORDABLE HOUSING INC
    143 BORDER ST STE 1
    EAST BOSTON,MA02128     		N/A PC North Shore Regional Partnership Foreclosure Education Project 2,500
    Danvers High School
    64 Cabot Road
    Danvers,MA01923     		N/A PC Scholarship Fund 1,000
    NORTH SHORE COMMUNITY DEVELOPMENT COALITION INC
    102 LAFAYETTE ST
    SALEM,MA01970     		N/A PC YouthBuild North Shore Project 3,000
    NORTH SHORE INNOVENTURES INC
    100 CUMMINGS CTR STE 438N
    BEVERLY,MA01915     		N/A PC Scientists to Entrepreneurs Educational Program 5,000
    NORTH SHORE UNITED WAY INC
    248 CABOT ST
    BEVERLY,MA01915     		N/A PC North Shore United Way Financial Stability Programs 7,500
    NORTHEAST HOSPITAL CORPORATION
    85 HERRICK ST
    BEVERLY,MA01915     		N/A PC Connecting Young Moms Project 10,000
    PARTNERS HEALTHCARE SYSTEM INC - NORTH SHORE MEDIC
    81 HIGHLAND AVE
    SALEM,MA01970     		N/A PC Creation of the New Oncology Unit 25,000
    PATHWAYS FOR CHILDREN INC
    29 EMERSON AVE
    GLOUCESTER,MA01930     		N/A PC Head Start - North Shore Project 5,000
    PEER HEALTH EXCHANGE INC
    70 GOLD ST
    SAN FRANCISCO,CA94133     		N/A PC Peer Health Exchange: A Comprehensive Health Education Program 5,000
    PINGREE SCHOOL INC
    537 HIGHLAND ST
    S HAMILTON,MA01982     		N/A PC Prep@Pingree Project 5,000
    PLUMMER HOME FOR BOYS
    37 WINTER ISLAND RD
    SALEM,MA01970     		N/A PC On Point Program Support 5,000
    Danvers High School
    64 Cabot Road
    Danvers,MA01923     		N/A PC Scholarship Fund 1,000
    RIVER HOUSE INC
    PO BOX 3226
    BEVERLY,MA01915     		N/A PC River House's Signature Adirondack Chairs Project 2,500
    SALEM MISSION INC
    PO BOX 810
    SALEM,MA01970     		N/A PC Community Meals Program 4,000
    SILVER LINING MENTORING INC
    727 ATLANTIC AVE 3RD FL
    BOSTON,MA02111     		N/A PC Integrated Supports for Youth in Foster Care Project 5,000
    ST JOHN'S PREPARATORY SCHOOL
    72 SPRING ST
    DANVERS,MA01923     		N/A PC The Wellness Center Project 50,000
    ST JOHN'S PREPARATORY SCHOOL
    72 SPRING ST
    DANVERS,MA01923     		N/A PC student scholarship and achievement Fund 20,000
    SUMMER SEARCH BOSTON
    3840 WASHINGTON ST STE 2
    JAMAICA PLAIN,MA02130     		N/A PC Summer Search - Support for Chelsea and Malden high school students Project 2,500
    SUPPORTIVE LIVING INC
    400 W CUMMINGS PARK STE 6100
    WOBURN,MA01801     		N/A PC SLI Brain Injury Wellness Center - Cardiovascular Improvement Project 3,500
    TAILORED FOR SUCCESS
    PO BOX 527
    MALDEN,MA02148     		N/A PC Personal & Professional Development Workshops 6,000
    TEACH FOR AMERICA
    60 CANAL ST 5TH FL
    BOSTON,MA02114     		N/A PC Harnessing Momentum for Growth in High-Need Schools in Greater Boston: Chelsea High School Project 5,000
    THE MALDEN YOUNG MENS CHRISTIAN ASSOCIATION
    99 DARTMOUTH ST
    MALDEN,MA02148     		N/A PC Youth In Government Project 4,000
    THE NEIGHBORHOOD DEVELOPERS INC
    4 GERRISH AVE
    CHELSEA,MA02150     		N/A PC TND's Financial Capabilities Programming at CONNECT Project 5,000
    THE OPEN DOOR CAPE ANN FOOD PANTRY INC
    28 EMERSON AVE
    GLOUCESTER,MA01930     		N/A PC Ipswich Mobile Market Project 4,000
    THEATER OFFENSIVE INC
    565 BOYLSTON ST
    BOSTON,MA02116     		N/A PC True Colors: Out Youth Theater Project 2,000
    THEATREZONE INC
    100 CAPTAINS ROW APT 306
    CHELSEA,MA02150     		N/A PC Apollinaire Theatre Youth Space Project 2,500
    TRIANGLE INC
    420 PEARL ST
    MALDEN,MA02148     		N/A PC EPIC Service Warriors Program 10,000
    TRUSTEES OF RESERVATIONS
    572 ESSEX ST
    BEVERLY,MA01915     		N/A PC SummerQuest Project 5,000
    Danvers High School
    64 Cabot Road
    Danvers,MA01923     		N/A PC Scholarship Fund 1,000
    Danvers High School
    64 Cabot Road
    Danvers,MA01923     		N/A PC Scholarship Fund 1,000
    Danvers High School
    64 Cabot Road
    Danvers,MA01923     		N/A PC Scholarship Fund 1,000
    Danvers High School
    64 Cabot Road
    Danvers,MA01923     		N/A PC Scholarship Fund 1,000
    Danvers High School
    64 Cabot Road
    Danvers,MA01923     		N/A PC Scholarship Fund 1,000
    VICTORY PROGRAMS INC
    965 MASSACHUSETTS AVE
    BOSTON,MA02118     		N/A PC Family Financial Literacy Program 2,500
    VIETNAM VETERANS WORKSHOP INC
    17 COURT ST
    BOSTON,MA02108     		N/A PC Veterans Training School Project 2,500
    WELLSPRING HOUSE INC
    302 ESSEX AVE
    GLOUCESTER,MA01930     		N/A PC MediClerk Job Training & Placement Program 2,500
    WINDRUSH FARM THERAPEUTIC EQUITATION INC
    479 LACY ST
    NORTH ANDOVER,MA01845     		N/A PC Windrush Farm Equine Assisted activities Project 5,000
    WOMENS LUNCH PLACE INC
    67 NEWBURY ST
    BOSTON,MA02116     		N/A PC Meals Program 2,500
    YMCA OF THE NORTH SHORE INC
    245 CABOT ST
    BEVERLY,MA01915     		N/A PC Salem YMCA's Creative Arts Center 10,000
    YMCA OF THE NORTH SHORE INC
    245 CABOT ST
    BEVERLY,MA01915     		N/A PC YMCA Financial Assistance 25,000
    YOUNG MENS CHRISTIAN ASSOCIATION GREATER BOSTON
    316 HUNTINGTON AVE
    BOSTON,MA02115     		N/A PC North Suburban YMCA LIVESTRONG at the YMCA 2,500
    YOUNG MENS CHRISTIAN ASSOCIATION GREATER BOSTON
    316 HUNTINGTON AVE
    BOSTON,MA02115     		N/A PC Burbank YMCA Teen Center Initiative 5,000
    YOUNG MENS CHRISTIAN ASSOCIATION OF METRO NORTH IN
    2 CENTENNIAL DR STE 4A
    PEABODY,MA01960     		N/A PC Torigian Family YMCA Expansion Campaign 15,000
    Total .................................bullet 3a 719,850
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2015)
    Form 990-PF (2015)
    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 ...........     		    14 28  
    4 Dividends and interest from securities....     14 616,923  
    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 ............     		    18 580,768  
    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)..   1,197,719  
    13Total. Add line 12, columns (b), (d), and (e)..................
    131,197,719
    (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 (2015)
    Form 990-PF (2015)
    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 organizations?
    Yes
    No
    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 name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2015)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2015 CompensationExplanation
    Name:
    People's United Community Foundation of
     
    Eastern Massachusetts Inc
    EIN:
    26-0814452
    Person Name Explanation
    John M Pereira *Resigned from foundation in 2015.

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

    TY 2015 DepreciationSchedule
    Name:
    People's United Community Foundation of
     
    Eastern Massachusetts Inc
    EIN:
    26-0814452
    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

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    People's United Community Foundation of
     
    Eastern Massachusetts Inc
    EIN:
    26-0814452
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ACCENTURE PLC 5,072 5,016
    ALTRIA GROUP INC 5,988 6,112
    AMERICAN ELECTRIC POWER INC 4,654 4,953
    AMERICAN WATER WORKS COMPANY I 4,704 4,900
    APPLE INC 7,330 6,737
    ASTRAZENECA 3,695 3,735
    AT&T, INC 3,707 3,854
    CINEMARK HOLDINGS INC 6,467 6,285
    CONOCOPHILLIPS 6,011 5,416
    DODGE & COX INCOME FUND 24,943 24,610
    ELI LILLY & CO 4,557 4,634
    FIDELITY FLOATING RATE HIGH IN 14,119 13,891
    FIDELITY SMALL CAP DISCOVRY 38,210 36,092
    GENERAL ELECTRIC CO 5,649 5,856
    GLAXOSMITHKLINE PLC 4,601 4,640
    HONEYWELL INTL 4,590 4,661
    INTEL CORP 4,605 4,651
    INTERNATIONAL BUSINESS MACHINE 3,740 3,716
    JOHNSON & JOHNSON 3,724 3,801
    JP MORGAN CHASE 7,362 7,395
    JP MORGAN CORE BOND FUND 37,650 37,520
    KIMBERLY CLARK CORP 4,121 4,456
    MCDONALD'S CORP 7,479 7,797
    MERCK & CO INC 5,930 5,969
    MICROCHIP TECHNOLOGY INC 3,745 3,770
    MICROSOFT CORP 6,431 6,602
    OAKMARK INTERNATIONAL FUND CL 79,055 73,705
    OPPENHEIMER DEVELOPING MARKETS 52,697 51,511
    PAYCHEX 3,682 3,702
    PEOPLE'S UNITED FINANCIAL, INC 5,352,527 14,038,387
    PFIZER INC 6,512 6,456
    PHILLIPS 66 2,741 2,536
    PIMCO HIGH-YIELD INSTL 4,706 4,479
    PIMCO INVESTMENT GRADE CORP BD 47,063 45,591
    PIMCO LOW DURATION INSTL 18,354 18,299
    PIMCO TOTAL RETURN FUND 32,003 30,839
    PRINCIPAL FDS, INC. MIDCAP FD 76,419 70,952
    PROCTER GAMBLE CO 3,699 3,891
    PUBLIC STORAGE INC 3,555 3,716
    REYNOLDS AMERICAN INC 5,977 6,092
    SIMON PPTY GROUP INC 4,544 4,861
    SPECTRA ENERGY CORP-W/I 2,728 2,657
    STARWOOD PROPERTY TRUST INC 4,707 4,749
    SYSCO CORP 3,732 3,772
    VANGUARD GNMA FUND ADMIRAL SHS 9,413 9,421
    VANGUARD SF REIT ETF 9,245 9,488
    VERIZON COMMUNICATIONS 4,667 4,853
    WALT DISNEY HOLDINGS CO 5,481 5,149
    WASTE MANAGEMENT INC 7,241 7,472
    WELLS FARGO & CO 5,527 5,545
    WELLS FARGO PREMIER LARGE CO G 80,239 74,833
    WISDOM TREE EUROPE HEDGED EQUI 12,612 11,462

    TY 2015 LegalFeesSchedule
    Name:
    People's United Community Foundation of
     
    Eastern Massachusetts Inc
    EIN:
    26-0814452
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    General Consultations 1,621     1,621


    TY 2015 OtherExpensesSchedule
    Name:
    People's United Community Foundation of
     
    Eastern Massachusetts Inc
    EIN:
    26-0814452
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Administrative Fees 27,500     27,500
    Indemnification Insurance 2,017     2,017
    State or Local Filing Fees 265     265


    TY 2015 TaxesSchedule
    Name:
    People's United Community Foundation of
     
    Eastern Massachusetts Inc
    EIN:
    26-0814452
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    990-PF Estimated Tax for 2015 6,200