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 07-01-2015 , and ending 06-30-2016
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:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$2,325,293J 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) 100,000
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments 447 447  
4 Dividends and interest from securities... 57,657 57,657  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 40,151
b Gross sales price for all assets on line 6a 46,533
7 Capital gain net income (from Part IV, line 2)... 40,151
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........ 198,255 98,255  
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 1,750 0 0 0
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 1,863      
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 148      
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 3,761 0 0 0
25 Contributions, gifts, grants paid....... 110,950 110,950
26 Total expenses and disbursements. Add lines 24 and 25 114,711 0 0 110,950
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 83,544
b Net investment income (if negative, enter -0-) 98,255
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............. 90,605 45,342 45,342
2 Savings and temporary cash investments.........   130,338 130,338
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)....... 449,622 Click to see attachment448,091 2,149,613
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) 540,227 623,771 2,325,293
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.................. 540,227 623,771
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)..... 540,227 623,771
31 Total liabilities and net assets/fund balances (see instructions). 540,227 623,771
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
540,227
2
Enter amount from Part I, line 27a .....................
2
83,544
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
623,771
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
623,771
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 GREENE COUNTY BANCORP, INC D   2015-12-04
b GREENE COUNTY BANCORP, INC. D   2015-12-07
c GREENE COUNTY BANCORP, INC. D   2015-12-08
d GREENE COUNTY BANCORP, INC. D   2016-02-18
e CAPITAL GAIN DIVIDENDS P    
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 31,952   4,534 27,418
b 10,386   1,438 8,948
c 31   5 26
d 3,109   405 2,704
e       1,055
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       27,418
b       8,948
c       26
d       2,704
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 40,151
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 93,900 2,190,324 0.04287
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
2
Total of line 1, column (d) .....................
20.222141
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
0.044428
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
2,444,481
5
Multiply line 4 by line 3......................
5
108,603
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
983
7
Add lines 5 and 6........................
7
109,586
8
Enter qualifying distributions from Part XII, line 4.............
8
110,950
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 1 983
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........................... 3 983
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- ..... 5 983
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 1,148
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 1,148
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  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 165
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet165 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 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. Click to see attachment...............................
    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 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 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
     
    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 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
    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  
    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
    2,348,564
    b
    Average of monthly cash balances.......................
    1b
    133,143
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    2,481,707
    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
    2,481,707
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    37,226
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    2,444,481
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    122,224
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    122,224
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    983
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    983
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    121,241
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    121,241
    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
    121,241
    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
    110,950
    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
    110,950
    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
    983
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    109,967
    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 7 121,241
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 108,257
    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......  
    d From 2013......  
    e From 2014...... 0
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 110,950
    a Applied to 2014, but not more than line 2a 108,257
    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..... 2,693
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2015. 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 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 ..........     		118,548
    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 ......     		0
    10 Analysis of line 9:
    a Excess from 2011....  
    b Excess from 2012....  
    c Excess from 2013....  
    d Excess from 2014....  
    e Excess from 2015.... 0
    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).)
    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 (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
    Alcove Preservation Association
    PO Box 81
    Alcove,NY12007     		None PC Construction of a kiosk at Valley Paper Mill Park in Alcove 100
    Alliance for Positive Health
    927 Broadway
    344 MAIN STREET
    Albany,NY12207     		None PC 2016 Columbia-Greene Garden Party Fundraiser 100
    Always There Home Care
    918 Ulster Avenue
    Kingston,NY12401     		None PC Purchase and implementation of two uninterrupted power supply (UPS) units 100
    Alzheimer's Association of Northeastern NY
    4 Pine West Plaza
    Albany,NY12205     		None PC 2016 Columbia-Greene Walk to End 250
    American Dance Institute
    1570 E Jefferson Street
    Rockville,MD20852     		None PC Catskill redevelopment project - renovation of former Dunn Builders Supply warehouse 1,000
    American Foundation for Suicide Prevention Capital
    PO Box 486
    SUITE 10
    East Greenbush,NY12061     		None PC 2016 Columbia-Greene Out of the Darkness Community Walk 250
    American Red Cross Northeastern New York Region
    33 Everett Road
    Albany,NY12205     		None PC Disaster response and preparedness for Greene County 1,000
    Animalkind
    PO Box 902
    Hudson,NY12534     		None PC Medical care for injured, sick, and ill pets 500
    Art School of Columbia County
    1198 Route 21C
    Ghent,NY12075     		None PC Purchase equipment to improve/expand educational art exhibit space 100
    Athens Cultural Center
    24 Second Street
    Athens,NY12015     		None PC Expansion of arts programming in conjunction with the Village of Athens' Children's Summer Rec Program 500
    The Autism Connection of Greene County
    PO Box 158
    Coxsackie,NY12051     		None PC Children's summer club and support groups 1,000
    Azalea Blossom Inc
    PO Box 117
    Rensselaerville,NY12147     		None PC SAFE through the Arts program 100
    Behold New Lebanon
    PO Box 565
    122 CLINTON AVENUE
    New Lebanon,NY12125     		None PC Support of the first living museum of contemporary rural American life 100
    Benedictine Health Foundation
    PO Box 2250
    Kingston,NY12401     		None PC Support of 2016 Gala COMMUNITY WALK 2,000
    Be Real About Injuries Now Programs Inc (BRAI
    721 Broadway
    CAPITAL REGION CHAPTER
    Kingston,NY12401     		None PC Brain injury and health education PREPAREDNESS INITIATIVES FOR GREENE COUNTY 100
    Boy Scouts of America - Cub Scout Pack 103
    PO Box 1745
    Kingston,NY12402     		None PC Boy Scout Summer Camp PREPAREDNESS INITIATIVES FOR GREENE COUNTY 100
    Boy Scouts of America - Rip Van Winkle Council
    102 Vincent Ln
    Stone Ridge,NY12484     		None PC Activities at Camp Tri-Mount 750
    Boy Scouts of America - Twin Rivers Council
    253 Washington Ave Ext
    Albany,NY12205     		None PC Boy Scout activities and events 100
    Breast Cancer Options Inc
    101 Hurley Ave
    Kingston,NY12401     		None PC Support of educational health programs EVENTS 250
    Bridge Street Theatre
    44 West Bridge Street
    Catskill,NY12414     		None PC Purchase of lighting control device EVENTS 1,000
    Camp Grace
    45 Church Street
    Coxsackie,NY12051     		None PC Purchase of food and supplies for soup kitchen 500
    Capital City Rescue Mission
    259 South Pearl Street
    Albany,NY12202     		None PC Assistance with medicine for the homeless and poor 500
    Capital District YMCA
    465 New Karner Rd
    Albany,NY12205     		None PC Support of Greene County YMCA 10,000
    Catholic Charities of Columbia & Greene Counties
    431 East Allen Street
    Hudson,NY12534     		None PC Opening and initial operation of a food pantry at Catskill office 250
    Catholic Charities Tri-County Services
    PO Box 28
    Rensselaer,NY12144     		None PC Support of Hilltowns Community Resource Center food pantry 250
    The Catskill Boxing Gym Inc
    420 Main Street
    Catskill,NY12414     		None PC Renovations and equipment purchases 100
    Catskill Community Center
    PO Box 389
    Catskill,NY12414     		None PC Continued interior renovations LIBRARY 2,500
    Catskill Educational Foundation
    PO Box 88
    BRONCK MUSEUM/VEDDER RESEARCH LIBRA
    Catskill,NY12414     		None PC Support of innovative projects in the Catskill School District 500
    Catskill Little League
    PO Box 808
    218 SPRING STREET
    Catskill,NY12414     		None PC Assist with building a pavilion to surround batting cages 250
    Catskill Mountain Foundation
    PO Box 924
    Hunter,NY12442     		None PC Support of 2016 family programming FUNDRAISING EVENTS 1,000
    Catskill Mountain Housing Development Corporation
    448 Main Street
    TOWN OF GERMANTOWN
    Catskill,NY12414     		None PC Purchase of video surveillance equipment for Catskill apartment complex 500
    Catskill Public Library
    1 Franklin Street
    Catskill,NY12414     		None PC Follow That Book Program RECREATIONAL ACTIVITIES 500
    Center for Spectrum Services
    70 Kukuk Lane
    Kingston,NY12401     		None PC Support of Jubilee Fundraiser 100
    Chatham Kids Club
    PO Box 221
    Chatham,NY12037     		None PC Support of 2016 Summer Program 750
    The Church of Saint Joseph
    1820 US Route 9
    Stuyvesant,NY12173     		None PC Support of food pantry in Stottville CLINIC 100
    Civil Air Patrol Vanguard Composite Squadron
    PO Box 79
    Freehold,NY12431     		None PC Training and education for cadets ARTS PROGRAMS 100
    The Claverack Library
    629 Route 23B
    Claverack,NY12513     		None PC Entertainment for the Summer Reading Program finale 500
    COARC
    PO Box 2
    Mellenville,NY12544     		None PC Produce and shoot a short film 1,000
    Columbia County Agricultural Society Inc
    PO Box 257
    Chatham,NY12037     		None PC Support of 2016 Columbia-County Fair 1,000
    Columbia County Youth Theater Inc
    45 Payn Avenue
    7970 MAIN STREET
    Chatham,NY12037     		None PC Purchase of body mics and associated equipment 500
    Columbia-Greene Community Foundation
    4400 Route 23
    Hudson,NY12534     		None PC Golf Tournament 4,800
    Columbia-Greene Community Foundation
    4400 Route 23
    Hudson,NY12534     		None PC Gala 2,500
    Columbia-Greene Hospital Foundation
    71 Prospect Ave
    Hudson,NY12534     		None PC Gala/general expenses 3,600
    Columbia-Greene Hospital Foundation
    71 Prospect Ave
    Hudson,NY12534     		None PC Winter Blast 2,500
    Columbia-Greene Humane SocietySPCA
    111 Humane Society Road
    Hudson,NY12534     		None PC Support of annual summer Paw Picnic 500
    Columbia Land Conservancy
    49 Main Street
    Chatham,NY12037     		None PC Public conservation area program 500
    Columbia Opportunities Inc
    540 Columbia Street
    Hudson,NY12534     		None PC Support of Hudson Family Literacy Program 500
    Common Ground Dispute Resolution
    11 William Street
    Catskill,NY12414     		None PC Support of Forever Parents program 1,000
    Community Action of Greene County Inc
    7856 Route 9W
    Catskill,NY12414     		None PC General/discretionary funds 1,000
    The Community Hospice of ColumbiaGreene
    47 Liberty Street
    Catskill,NY12414     		None PC Support of services 4,600
    Cornell Cooperative Extension of Columbia and Gree
    Agroforestry Res Ctr
    Acra,NY12405     		None PC Support of Down Home Dinner fundraising event 1,000
    Court Appointed Special Advocates for Children (CA
    209 Clinton Avenue
    Kingston,NY12401     		None PC Mentor program for children in transition PROGRAM 100
    Cultivate Catskill
    PO Box 622
    Catskill,NY12414     		None PC Outdoor improvements to the Village of Catskill 1,500
    D R Evarts Library District Inc
    80 Second Street
    Athens,NY12015     		None PC Activities for children, teens, and adults 500
    Family of Woodstock
    PO Box 3516
    Kingston,NY12402     		None PC Regulated child care provider incentives 100
    The Fortnightly Club of Catskill
    PO Box 21
    Catskill,NY12414     		None PC Playground construction and maintenance efforts 1,000
    Free Columbia
    651 Harlemville Road
    Hillsdale,NY12529     		None PC Community puppet theater project 1,000
    Friends of Beattie-Powers
    PO Box 453
    Catskill,NY12414     		None PC Restoration and maintenance of Beattie-Powers Hist 250
    Friends of Clermont
    87 Clermont Avenue
    400 STATE STREET
    Germantown,NY12526     		None PC Administrative/technology expenses EDUCATION CENTER 500
    Germantown Central School After School Program
    123 Main Street
    Germantown,NY12526     		None PC Support of after-school artistic activities EDUCATION CENTER 500
    Germantown Library
    31 Palatine Park Road
    Germantown,NY12526     		None PC Furniture for Makerspace area of the library 500
    Greene County Aging Services Foundation Inc
    c/o Greene County Department of Hum
    SUITE 1
    Catskill,NY12414     		None PC Medical transportation services for elderly and disabled to doctor/hospital appointments 1,000
    Greene County Council on the Arts
    PO Box 463
    Catskill,NY12414     		None PC Sponsorship of Beaux Arts Ball 4,200
    Greene County Historical Society Inc (Bronk Museu
    90 County Route 42
    Coxsackie,NY12051     		None PC Restoration of Catskill Mountain House scale model 1,000
    Greene County Rural Health Network
    159 Jefferson Heights
    MAIN STREET
    Catskill,NY12414     		None PC Upcoming Healthy Weight Initiative projects 1,000
    Greene County Women's League Cancer Patient Aid
    PO Box 341
    Round Top,NY12473     		None PC Support of ""Ride for Kelli"" fundraising event 500
    Greenville Beautification Committee
    PO Box 373
    Greenville,NY12083     		None PC Greenville Cultural Center renovations 100
    Greenville Educational Foundation
    PO Box 129
    Greenville,NY12083     		None PC Maintenance of historic Potter Hollow One Room Schoolhouse 100
    Health Alliance Foundation
    396 Broadway
    Kingston,NY12401     		None PC Tulip Ball Sponsorship 2,000
    The Healthcare Consortium
    325 Columbia Street
    Hudson,NY12534     		None PC Support of Community Cancer Funds 1,000
    Henry Hudson Youth Soccer Inc
    PO Box 86
    SUITE A112
    Coxsackie,NY12051     		None PC Purchase new soccer balls, goalie helmets, and related equipment 250
    Hope Full Life Center
    2480 US Rte 9W
    Ravena,NY12143     		None PC Support of Helping Harvest food assistance program 250
    Hudson Area Association Library
    400 State Street
    Hudson,NY12534     		None PC Language enrichment programs 500
    Hudson-Athens Lighthouse Preservation Association
    PO Box 145
    Athens,NY12015     		None PC Lighthouse lights 1,000
    Hudson City School District - Montgomery C Smith
    102 Harry Howard Avenue
    Hudson,NY12534     		None PC Field Trip to Tri Valley Cat baseball game 500
    Hudson City School District - Hudson Senior High S
    Attn Robotics Team
    Hudson,NY12534     		None PC Support of ""Weapons of Mass Construction"" Robotics Team 500
    Hudson Dollars for Scholars
    PO Box 1048
    Hudson,NY12534     		None PC Support of training workshops and scholarship fundraising 1,000
    Hudson Jazz Works Inc
    338 Kipp Road
    Hudson,NY12534     		None PC Planning, expansion, and implementation of educational/artistic programs 500
    Hudson Opera House
    327 Warren Street
    6093 MAIN STREET
    Hudson,NY12534     		None PC Support of free arts and music programs for children 250
    Hudson Valley Senior Residence
    80 Washington Avenue
    Kingston,NY12401     		None PC Purchase of equipment and supplies to upgrade nurses station 100
    Hunter Foundation Inc
    PO Box 563
    Tannersville,NY12485     		None PC General operating expenses 1,000
    Hurley Heritage Society
    PO Box 1661
    Hurley,NY12443     		None PC Marketing efforts for Rooster Auction 100
    The Hurley Library
    PO Box 660
    Hurley,NY12443     		None PC Construction and furnishing of new children's room 100
    In Flight Inc
    165 Dutchess Turnpike
    PO BOX 28
    Poughkeepsie,NY12603     		None PC I-SAIL Program, and preperation for work, social integration, and independent living 1,000
    Kaaterskill United Methodist Church
    PO Box 2250
    Tannersville,NY12485     		None PC Community Garden signage 100
    Kamp Kiwanis
    9020 Kiwanis Road
    Taberg,NY13471     		None PC Scholarships for Greene County kids to attend Kamp Kiwanis 500
    Kiskatom Reformed Church
    4865 Route 32
    SUITE 200
    Catskill,NY12414     		None PC Advertising community space ELEMENTARY SCHOOL 250
    Kiskatom Volunteer Fire Department
    4838 Route 32
    Catskill,NY12414     		None PC Restoration of antique fire truck ELEMENTARY SCHOOL 500
    Kiwanis Kingston Classic
    PO Box 3161
    Kingston,NY12402     		None PC Support of 2016 Kiwanis Kingston Classic race event 250
    Longhouse Harvest
    6 Warren Street
    Hudson,NY12534     		None PC Volunteer harvests and informational material 100
    MAC Fit Kids
    9W By-pass
    Kingston,NY12401     		None PC Purchase of a Traverse wall for after school program 500
    Mellenville Volunteer Fire Company
    PO Box 81
    Mellenville,NY12544     		None PC Support of golf tournament 500
    Minds On of the Rensselaerville Institute
    63 Huyck Road
    Rensselaerville,NY12147     		None PC Support of workshop costs 1,000
    Morris Memorial Association
    PO Box 184
    Chatham,NY12037     		None PC Purchase of equipment/supplies for youth activities 200
    Mountain Top Historical Society
    5132 Rt 23A
    Haines Falls,NY12436     		None PC Expansion of archival services 500
    Mountain Top Library
    6093 Main Street
    Tannersville,NY12485     		None PC Educational programming for kids 500
    NY Small Business Development Center at SUNY Ulste
    SUNY Ulster Business Resource Cente
    Kingston,NY12401     		None PC Annual training event 250
    Northern Catskill Youth Association (Rip VanWinkle
    PO Box 186
    Cairo,NY12413     		None PC Development of a new soccer field in Cairo (5 Year Commitment) 15,000
    The Olana Partnership
    PO Box 199
    Hudson,NY12534     		None PC Evaluation of school education program PATHS THROUGH THE MOUNTAINS 1,000
    OMI International Arts Center
    1405 County Route 22
    184 WASHINGTON AVENUE EXTENSION
    Ghent,NY12075     		None PC Education Omi Program - art scholarships and summer camp 100
    Operation Unite Education & Cultural Art Center
    360 Columbia St
    Hudson,NY12534     		None PC Support of College Club Program - tutoring services 500
    Our Community Cares
    PO Box 463
    Ghent,NY12075     		None PC Care package program for financially needy 200
    Palenville Fire Department Inc
    719 Route 32A
    Palenville,NY12463     		None PC Maintenance Free Carbon Monoxide Detectors 500
    Patriot Flight Inc
    PO box 190
    Delmar,NY12054     		None PC Veteran flights to Washington, DC 250
    Paws Unlimited Foundation
    637 Murray Road
    Kingston,NY12401     		None PC Construction of a pet shelter 100
    People's Place Thrift Store & Food Pantry
    17 St James Street
    Kingston,NY12401     		None PC Support of "Bag Summer Hunger" program 500
    Perfect Ten After School Inc
    32 Warren Street
    Hudson,NY12534     		None PC Support of after-school activities 100
    Philmont Public Library
    PO Box 816
    Philmont,NY12565     		None PC Purchase of double-sided copier 500
    Phoenicia Festival of the Voice Foundation
    PO Box 327
    Phoenicia,NY12464     		None PC Purchase of music stands and accommodations for performers 250
    Planet Arts
    PO Box 387
    Catskill,NY12414     		None PC Support existing and developing music education programs 250
    The Reher Center for Immigrant Culture & History
    1 Albany Avenue
    Kingston,NY12401     		None PC Immigrant Gifts to America summer program 100
    The Rensselaerville Library
    1459 County Rt 351
    Rensselaerville,NY12147     		None PC Purchase of outdoor seating and tables 500
    Resurrection Luthern Church
    PO Box 563
    Cairo,NY12413     		None PC Support of food/snack program in the Cairo Elementary School 500
    Roeliff Jansen Community Library
    9091 Route 22
    Hillsdale,NY12529     		None PC Laptop and software purchases 500
    RUPCO
    289 Fair Street
    Kingston,NY12401     		None PC Programming in seven owned/managed properties 100
    St Marks Evangelical Luthern Church
    8 Storm Ave
    Hudson,NY12534     		None PC Support of Travelin' Pantry and Mission Control 500
    Stockport Volunteer Fire Company No 1
    PO Box 158
    Columbiaville,NY12050     		None PC Continued Fire Company Operations 250
    Tannersville Area Health Committee
    PO Box 121
    S Cairo,NY12482     		None PC Purchase of medical equipment 500
    Thomas Cole National Historic Site
    218 Spring Street
    Catskill,NY12414     		None PC New Studio Construction/Donor Wall Plaque 1,000
    Town of New Baltimore
    3809 County Rt 51
    Hannacroix,NY12087     		None PC Support of summer youth program 500
    Town Of Red Hook
    7340 South Broadway
    Red Hook,NY12571     		None PC Annual Senior Picnic 500
    The Triumph Organization
    PO Box 3182
    Kingston,NY12401     		None PC Martial Arts scholarships for students 100
    Twin County Recovery Services Inc
    350 Power Avenue
    Hudson,NY12534     		None PC Support of community education health initiatives 500
    Ulster County Community Action
    70 Lindsley Ave
    Kingston,NY12401     		None PC Rental Assistance Program 500
    Ulster County Italian American Foundation
    237 Fair Street
    Kingston,NY12401     		None PC 2016 Italian American Festival 100
    Ulster County Regional Chamber of Commerce Foundat
    214 Fair Street
    Kingston,NY12401     		None PC Youth Leadership Development Program 250
    United Way of Columbia and Greene Counties
    PO Box 718
    Catskill,NY12414     		None PC Support of Leo Lasher Catfish Derby 1,000
    United Way of Ulster County
    450 Albany Avenue
    Kingston,NY12401     		None PC Financial Stability Plus Program (housing, food, utility assistance) 250
    Volunteer Firemen's Hall & Museum of Kingston
    PO Box 1501
    Kingston,NY12402     		None PC Restoration of electrical system in 1934 Sanford Fire Engine 100
    Xeroderma PigmentosumSociety Inc
    437 Snydertown Road
    Craryville,NY12521     		None PC Night camp for children/teens with light- sensitivity disorders 100
    YMCA of Kingston and Ulster County
    507 Broadway
    Kingston,NY12401     		None PC Kingston YMCA Farm Project 500
    Zadock Pratt Museum
    PO Box 333
    Prattsville,NY12468     		None PC Support of 2016 Exhibits and Events 1,500
    Total .................................bullet 3a 110,950
    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 ...........     		         
    4 Dividends and interest from securities....     14 58,104  
    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 40,151  
    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)..   98,255  
    13Total. Add line 12, columns (b), (d), and (e)..................
    1398,255
    (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
    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
    2015
    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) (2015)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015) 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

    		$ 100,000


    (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) (2015)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    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) (2015)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    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) (2015)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2015 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 1,750      

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

    TY 2015 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

    TY 2015 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 327,879 2,016,889
    MUTUAL FUNDS INVEST MARKTPLACE 120,212 132,724

    TY 2015 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 148      


    TY 2015 SubstantialContributorsSch
    Name:
    BANK OF GREENE COUNTY
     
    CHARITABLE FOUNDATION
    EIN:
    14-1810419
    Name Address
    BANK OF GREENE COUNTY PO BOX 470
    CATSKILL,NY12414


    TY 2015 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 1,174      
    DELAWARE CORPORATION TAX 25      
    CONNECTICUIT CORPORATION TAX 414