Form990-PF
Click to see attachment

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
American Savings Foundation Inc
 
Number and street (or P.O. box number if mail is not delivered to street address)185 main street
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
New Britain, CT06051
A Employer identification number

30-0308972
B Telephone number (see instructions)

(860) 827-2556
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$79,279,996J 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 4,461 4,461  
4 Dividends and interest from securities... 2,367,084 2,367,084  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 639,934
b Gross sales price for all assets on line 6a 2,847,987
7 Capital gain net income (from Part IV, line 2)... 639,934
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........ 3,011,479 3,011,479  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 424,235 156,270   267,965
14 Other employee salaries and wages...... 172,385 12,156   160,229
15 Pension plans, employee benefits....... 192,563 57,415   135,148
16a Legal fees (attach schedule)......... Click to see attachment 21,127 10,564   10,563
b Accounting fees (attach schedule)....... Click to see attachment 66,680 33,340   33,340
c Other professional fees (attach schedule).... Click to see attachment 33,914 12,766   21,148
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 83,684 11,324   28,610
19 Depreciation (attach schedule) and depletion... Click to see attachment 6,784 0  
20 Occupancy.............. 30,112 15,056   15,056
21 Travel, conferences, and meetings....... 19,826 8,600   11,226
22 Printing and publications.......... 2,117 1,058   1,059
23 Other expenses (attach schedule)....... Click to see attachment 217,579 133,964   83,615
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,271,006 452,513   767,959
25 Contributions, gifts, grants paid....... 3,447,464 3,447,464
26 Total expenses and disbursements. Add lines 24 and 25 4,718,470 452,513   4,215,423
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,706,991
b Net investment income (if negative, enter -0-) 2,558,966
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............. 10,693 77,066 77,066
2 Savings and temporary cash investments......... 2,762,012 2,526,572 2,526,572
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).......      
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).......... 82,376,409 Click to see attachment75,977,111 75,977,111
14 Land, buildings, and equipment: basis bullet197,102
Less: accumulated depreciation (attach schedule) bullet174,449 18,043 Click to see attachment22,653 0
15 Other assets (describe bullet) Click to see attachment615,479 Click to see attachment699,247 Click to see attachment699,247
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 85,782,636 79,302,649 79,279,996
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable..................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment615,479 Click to see attachment699,247
23 Total liabilities (add lines 17 through 22)......... 615,479 699,247
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................. 85,167,157 78,603,402
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)..... 85,167,157 78,603,402
31 Total liabilities and net assets/fund balances (see instructions). 85,782,636 79,302,649
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
85,167,157
2
Enter amount from Part I, line 27a .....................
2
-1,706,991
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
83,460,166
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
4,856,764
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
78,603,402
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 COMMONFUND INST MULTI-STRATEGY EQUITY FUND P 2007-01-31 2015-01-30
b COMMONFUND MULTI-STRATEGY BOND INVESTORS LLC P 2008-01-31 2015-01-30
c COMMONFUND INSTL MULTI-STRAT COMMODITIES SERIES 1 P 2007-01-31 2015-01-30
d COMMONFUND INST MULTI-STRATEGY EQUITY FUND P 2007-01-31 2015-02-27
e COMMONFUND MULTI-STRATEGY BOND INVESTORS LLC P 2008-01-31 2015-02-27
COMMONFUND INSTL MULTI-STRAT COMMODITIES SERIES 1 P 2007-01-31 2015-02-27
GMO BENCHMARK-FREE ALLOCATION FUND-III P 2012-04-11 2015-03-24
COMMONFUND INST MULTI-STRATEGY EQUITY FUND P 2007-01-31 2015-03-31
COMMONFUND INST MULTI-STRATEGY EQUITY FUND P 2007-01-31 2015-03-31
COMMONFUND MULTI-STRATEGY BOND INVESTORS LLC P 2008-01-31 2015-03-31
COMMONFUND INSTL MULTI-STRAT COMMODITIES SERIES 1 P 2007-01-31 2015-03-31
COMMONFUND INST MULTI-STRATEGY EQUITY FUND P 2007-01-31 2015-04-30
COMMONFUND MULTI-STRATEGY BOND INVESTORS LLC P 2008-01-31 2015-04-30
COMMONFUND INSTL MULTI-STRAT COMMODITIES SERIES 1 P 2007-01-31 2015-04-30
COMMONFUND INST MULTI-STRATEGY EQUITY FUND P 2007-01-31 2015-05-29
COMMONFUND MULTI-STRATEGY BOND INVESTORS LLC P 2008-01-31 2015-05-29
COMMONFUND INSTL MULTI-STRAT COMMODITIES SERIES 1 P 2007-01-31 2015-05-29
GMO BENCHMARK-FREE ALLOCATION FUND-III P 2012-04-11 2015-06-18
COMMONFUND INST MULTI-STRATEGY EQUITY FUND P 2007-01-31 2015-06-30
COMMONFUND INST MULTI-STRATEGY EQUITY FUND P 2007-01-31 2015-06-30
COMMONFUND MULTI-STRATEGY BOND INVESTORS LLC P 2008-01-31 2015-06-30
COMMONFUND INSTL MULTI-STRAT COMMODITIES SERIES 1 P 2007-01-31 2015-06-30
COMMONFUND INST MULTI-STRATEGY EQUITY FUND P 2007-01-31 2015-07-31
COMMONFUND MULTI-STRATEGY BOND INVESTORS LLC P 2008-01-31 2015-07-31
COMMONFUND INSTL MULTI-STRAT COMMODITIES SERIES 1 P 2007-01-31 2015-07-31
COMMONFUND INST MULTI-STRATEGY EQUITY FUND P 2007-01-31 2015-08-31
COMMONFUND MULTI-STRATEGY BOND INVESTORS LLC P 2008-01-31 2015-08-31
COMMONFUND INSTL MULTI-STRAT COMMODITIES SERIES 1 P 2007-01-31 2015-08-31
GMO BENCHMARK-FREE ALLOCATION FUND-III P 2012-04-11 2015-09-10
COMMONFUND INST MULTI-STRATEGY EQUITY FUND P 2007-01-31 2015-09-30
COMMONFUND MULTI-STRATEGY BOND INVESTORS LLC P 2008-01-31 2015-09-30
COMMONFUND INSTL MULTI-STRAT COMMODITIES SERIES 1 P 2007-01-31 2015-09-30
COMMONFUND INST MULTI-STRATEGY EQUITY FUND P 2007-01-31 2015-10-30
COMMONFUND INST MULTI-STRATEGY EQUITY FUND P 2007-01-31 2015-10-30
COMMONFUND MULTI-STRATEGY BOND INVESTORS LLC P 2008-01-31 2015-10-30
COMMONFUND INSTL MULTI-STRAT COMMODITIES SERIES 1 P 2007-01-31 2015-10-30
COMMONFUND INST MULTI-STRATEGY EQUITY FUND P 2007-01-31 2015-11-30
COMMONFUND MULTI-STRATEGY BOND INVESTORS LLC P 2008-01-31 2015-11-30
COMMONFUND INSTL MULTI-STRAT COMMODITIES SERIES 1 P 2007-01-31 2015-11-30
COMMONFUND INST MULTI-STRATEGY EQUITY FUND P 2007-01-31 2015-12-31
COMMONFUND MULTI-STRATEGY BOND INVESTORS LLC P 2008-01-31 2015-12-31
COMMONFUND INSTL MULTI-STRAT COMMODITIES SERIES 1 P 2007-01-31 2015-12-31
(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 4,956   3,361 1,595
b 1,407   1,291 116
c 195   277 -82
d 4,658   2,993 1,665
e 1,269   1,166 103
180   250 -70
400,457   361,613 38,844
5,129   3,337 1,792
535,000   348,043 186,957
1,407   1,301 106
191   277 -86
4,893   3,168 1,725
1,362   1,258 104
194   268 -74
5,105   3,262 1,843
1,405   1,301 104
195   277 -82
400,461   362,842 37,619
535,000   350,991 184,009
4,862   3,190 1,672
1,350   1,275 75
192   268 -76
4,959   3,218 1,741
1,395   1,311 84
177   276 -99
4,742   3,269 1,473
1,390   1,313 77
174   276 -102
400,490   392,957 7,533
4,477   3,206 1,271
1,346   1,282 64
163   268 -105
500,000   334,341 165,659
4,863   3,252 1,611
1,396   1,322 74
168   276 -108
4,625   3,092 1,533
1,347   1,281 66
151   267 -116
4,718   3,223 1,495
1,386   1,338 48
152   276 -124
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       1,595
b       116
c       -82
d       1,665
e       103
      -70
      38,844
      1,792
      186,957
      106
      -86
      1,725
      104
      -74
      1,843
      104
      -82
      37,619
      184,009
      1,672
      75
      -76
      1,741
      84
      -99
      1,473
      77
      -102
      7,533
      1,271
      64
      -105
      165,659
      1,611
      74
      -108
      1,533
      66
      -116
      1,495
      48
      -124
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 2 639,934
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 4,131,539 86,139,310 0.047963
2013 3,888,595 82,407,323 0.047187
2012 3,828,555 76,401,832 0.050111
2011 3,695,265 78,383,121 0.047144
2010 3,196,020 74,173,344 0.043089
2
Total of line 1, column (d) .....................
20.235494
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
0.047099
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
82,895,491
5
Multiply line 4 by line 3......................
5
3,904,295
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
25,590
7
Add lines 5 and 6........................
7
3,929,885
8
Enter qualifying distributions from Part XII, line 4.............
8
4,215,423
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 25,590
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 25,590
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 25,590
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 36,133
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 36,133
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 10,543
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet10,543 RefundedBullet 11 0
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$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletCT
    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 addressbulletwww.asfdn.org
    14
    The books are in care ofbulletAccounting Resources Inc Telephone no.bullet (860) 659-3955

    Located atbullet100 WESTERN BOULEVARDGLASTONBURYCT ZIP+4bullet06033
    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
     
    No
    ........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
     
    No
    .........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
    Carl R Cicchetti Director
    2.00     		0 0 0
    185 Main Street
    new britain,CT06050
    charles j boulier iii director and chairman
    2.00     		0 0 0
    185 Main Street
    new britain,CT06050
    DAVID DAVISON President and CEO
    40.00     		216,115 123,866 0
    185 Main Street
    new britain,CT06050
    DIANE c DUNN ASSISTANT SECRETARY
    32.00     		63,120 30,840 0
    185 Main Street
    New britain,CT06050
    DR MARIE S GUSTIN director and vice chair
    2.00     		0 0 0
    185 Main Street
    new britain,CT06050
    gregory b howey director and treasurer
    2.00     		0 0 0
    185 Main Street
    new britain,CT06050
    harry n mazadoorian director
    2.00     		0 0 0
    185 Main Street
    new britain,CT06050
    HELEN E KENNEY Director
    2.00     		0 0 0
    185 Main Street
    New britain,CT06050
    JAMES MCNAIR Director
    2.00     		0 0 0
    185 Main Street
    New britain,CT06050
    JAMES O'ROURKE Director
    2.00     		0 0 0
    185 Main Street
    New britain,CT06050
    john j patrick jr director
    2.00     		0 0 0
    185 Main Street
    new britain,CT06050
    laurence a tanner director
    2.00     		0 0 0
    185 Main Street
    new britain,CT06050
    MARIA A FALVO CHIEF OPERATING OFFICER / ASST. TREAS
    40.00     		145,000 19,905 0
    185 Main Street
    New britain,CT06050
    Pamela R Reynolds Director
    2.00     		0 0 0
    185 Main Street
    new britain,CT06050
    sheri c pasqualoni director and secretary
    2.00     		0 0 0
    185 Main Street
    new britain,CT06050
    James W Little Director
    2.00     		0 0 0
    185 Main Street
    New britain,CT06050
    James Jones Director
    2.00     		0 0 0
    185 Main Street
    New britain,CT06050
    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
    MARIA SANCHEZ SENIOR PROGRAM OFFIC
    40.00     		103,000 11,315 0
    185 MAIN STREET
    new britain,CT06051
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    commonfund asset Management Fees 76,577
    pO Box 642
    boston,MA021170642
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 ROBERT T. KENNEY SCHOLARSHIP PROGRAM - SEE STATEMENT 13 78,116
    2 Direct support for youth programs - SEE STATEMENT 13 5,398
    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.........................bullet0
    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
    80,919,886
    b
    Average of monthly cash balances.......................
    1b
    2,538,726
    c
    Fair market value of all other assets (see instructions)................
    1c
    699,247
    d
    Total (add lines 1a, b, and c).........................
    1d
    84,157,859
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    84,157,859
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,262,368
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    82,895,491
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    4,144,775
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    4,144,775
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    25,590
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    25,590
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    4,119,185
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    4,119,185
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    4,119,185
    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
    4,215,423
    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
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    4,215,423
    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
    25,590
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    4,189,833
    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 4,119,185
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 3,888,110
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2015:
    a From 2010......  
    b From 2011......  
    c From 2012......  
    d From 2013......  
    e From 2014......  
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 4,215,423
    a Applied to 2014, but not more than line 2a 3,888,110
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2015 distributable amount..... 327,313
    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 ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2014. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2016. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		3,791,872
    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) .......     		0
    8Excess distributions carryover from 2010 not
    applied on line 5 or line 7 (see instructions) ...     		0
    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....  
    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:
    AMERICAN SAVINGS FOUNDATION
    185 MAIN STREET
    NEW BRITAIN,CT06051
    (860) 827-2556
    bThe form in which applications should be submitted and information and materials they should include:
    see STATEMENT 12
    cAny submission deadlines:
    see STATEMENT 12
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    see STATEMENT 12
    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
    Community Mental Health Affiliates
    270 John Downey
    New Britain,CT06051     		  PC Technology Upgrade 40,000
    Habitat for Humanity - Hartford Area
    PO Box 1933
    Hartford,CT06144     		  PC New Construction 80,000
    New Britain Industrial Museum
    185 Main Street
    New Britain,CT06051     		  PC Building Engineering Study 6,300
    The Hospital of Central Connecticut
    100 Grand Street
    New Britain,CT06050     		  PC Comprehensive Cancer Center 332,500
    Veterans Inc
    69 Gove Street
    Worcester,MA01605     		  PC Renovation 100,000
    VH1 Save the Music Foundation
    1515 Broadway 20TH FL
    New York,NY10036     		  PC Purchase Musical Instruments 60,000
    10 Year Plan to End Homelessness
    c/o YWCA of New Britain
    New Britain,CT06051     		  PC Cold Weather Shelter 5,000
    Berlin High School
    139 Patterson Way
    Berlin,CT06037     		  PC Berlin UpBeat 2015 6,000
    Boys & Girls Club of New Britain
    150 Washington Street
    New Britain,CT06051     		  PC SMART Girls Program 2015-16 30,000
    Boys & Girls Club of Waterbury
    1037 East Main Street
    Waterbury,CT06705     		  PC Club Programs 2015-16 45,000
    Brass City Harvest
    86 Bank Street
    Waterbury,CT06702     		  PC Community Food Program 2015 27,000
    Bridge Family Center
    1022 Farmington Ave
    West Hartford,CT06107     		  PC Positive Youth Development Program 2015-16 25,000
    Bridge to Success
    c/o United Way of Greater Waterbury
    Waterbury,CT06702     		  PC Community Collaborative Support 2015-16 25,000
    Capital Workforce Partners
    One Union Place
    Hartford,CT06103     		  PC Secure Jobs North Central 2015 7,500
    Capital Workforce Partners
    One Union Place
    Hartford,CT06103     		  PC Summer Youth Employment Program 2015 80,432
    Center for Human Development Inc
    965 South Main Street
    Waterbury,CT06706     		  PC Cold Weather Shelter 5,000
    Central Connecticut State University
    Financial Aid Office
    New Britain,CT06050     		  PC ParaDym Academy 2015-16 30,000
    Children's Law Center of Connecticut
    30 Arbor Street North Building 4th
    Fl
    Hartford,CT06106     		  PC Legal Representation Program 2015 75,000
    Children's Law Center of Connecticut
    30 Arbor Street North Building 4th
    Fl
    Hartford,CT06106     		  PC Truancy Intervention Program 2015-16 25,230
    Circle of Care
    PO Box 32
    Wilton,CT06897     		  PC Emergency Fund 2016 20,000
    City of New Britain
    27 West Main Street
    New Britain,CT06051     		  PC Police Explorers Summer Academy 2015 7,500
    City of New Britain
    27 West Main Street
    New Britain,CT06051     		  PC Exercise the Right Choice Program - 2015-16 150,000
    Coalition for New Britain's Youth
    c/o Community Foundation of Greater
    NB
    New Britain,CT06052     		  PC Infrastructure Support 50,000
    Community Foundation of Greater New Britain
    74A Vine Street
    New Britain,CT06052     		  PC 2015 Elementary Summer Program 50,000
    CONCORA
    90 Main Street
    New Britain,CT06051     		  PC 2015-16 Season Performances 15,000
    Connecticut After School Network
    12 Melrose Avenue
    Branford,CT06405     		  PC After School Assessments 26,244
    Connecticut Association for Human Services
    110 Bartholomew Ave Suite 4030
    Hartford,CT06106     		  PC VITA Program 2015 5,000
    Connecticut Council for Philanthropy
    221 Main Street
    Hartford,CT06106     		  PC 2015 Early Childhood Funders Collaborative 5,000
    Connecticut Council for Philanthropy
    221 Main Street
    Hartford,CT06106     		  PC 2015 Leadership Fund 5,000
    Connecticut Junior Republic
    PO Box 161
    Litchfield,CT06759     		  PC Work Based Summer Program 2015 26,700
    Connecticut Radio Information System
    315 Windsor Avenue
    Windsor,CT06095     		  PC Program Support 2015-16 15,000
    Connecticut Storytelling Center Inc
    270 Mohegan Ave
    New London,CT06320     		  PC In-School Literacy Program 2015-16 7,000
    Connecticut Virtuosi Chamber Orchestra
    19 Chestnut Street
    New Britain,CT06051     		  PC Children and Community Concerts 2015-16 34,000
    Coram Deo
    370 Linwood Street
    New Britain,CT06050     		  PC Case Management Services 2015-16 30,000
    CPEP
    211 South Main Street
    Middletown,CT06457     		  PC Waterbury STEM Program 2015-16 35,000
    CPEP
    211 South Main Street
    Middletown,CT06457     		  PC New Britain STEM Program 2015-16 35,000
    CPEP
    211 South Main Street
    Middletown,CT06457     		  PC STEM Summer Program 2015 20,000
    First Tee of Connecticut
    55 Golf Club Road
    Cromwell,CT06416     		  PC Youth Golf Program 2015 20,000
    FoodShare Inc
    450 Woodland Avenue
    Bloomfield,CT06002     		  PC Food Delivery Program 2015-16 40,000
    Granville Academy
    PO Box 2891
    Waterbury,CT06723     		  PC Academic Enrichment Program 2015-16 15,000
    Greater Waterbury Interfaith Ministries
    16 Church Street
    Waterbury,CT06702     		  PC Soup Kitchen and Emergency Food Pantry 2015 12,000
    Horizons Inc
    127 Babcock Hill Road
    South Windham,CT06266     		  PC Respite Program 2015-16 10,000
    Human Resources Agency
    180 Clinton Street
    New Britain,CT06053     		  PC Osgood Center 2016 10,000
    Human Resources Agency
    180 Clinton Street
    New Britain,CT06053     		  PC Financial Literacy Program for Youth 2015-16 50,000
    Jumpstart for Young Children Inc
    505 Eighth Avenue
    New York,NY10018     		  PC Early Literacy Program 2015-16 10,000
    Junior Achievement
    70 Farmington Avenue
    Hartford,CT06105     		  PC In-School Education Program 2015-16 50,000
    Literacy Volunteers of Central CT
    20 High Street
    New Britain,CT06051     		  PC Family Literacy Program 2015-16 15,000
    Mattatuck Museum
    144 West Main Street
    Waterbury,CT06702     		  PC Youth and Family Programs 2015-16 45,000
    Neighborhood Housing Services of Waterbury
    161 North Main Street
    Waterbury,CT06702     		  PC Reverse Mortgage Program for Seniors 2015 10,000
    New Britain High School
    110 Mill Street
    New Britain,CT06051     		  PC 2015-16 Education Mini Grants 5,917
    New Britain Museum of American Art
    56 Lexington St
    New Britain,CT06052     		  PC Free Saturday Program 2015-16 55,000
    New Britain Public Library
    20 High Street
    New Britain,CT06051     		  PC Homework Center 2015-16 7,257
    New Britain Symphony
    114 West Main Street Suite 304
    New Britain,CT06051     		  PC Community Concert Series 2016 15,000
    New Britain Youth Museums
    30 High Street
    New Britain,CT06051     		  PC Sisters In Science Program 2015-16 20,000
    New Britain Youth Theater
    c/o YMCA of New Britain - Berlin
    New Britain,CT06051     		  PC Elementary Theater Arts Program 2015-16 15,000
    New Opportunities Inc
    232 North Elm Street
    Waterbury,CT06702     		  PC Secure Jobs Program 5,000
    Operation Fuel Inc
    75 Charter Oak Avenue Suite 2-240
    Hartford,CT06106     		  PC Energy Assistance Program 2016 50,000
    Opportunities Industrialization Center
    114 North Street
    New Britain,CT06053     		  PC Hardware City Bike Program 2015-16 45,000
    Opportunities Industrialization Center
    114 North Street
    New Britain,CT06053     		  PC Moving Mountains Academy 2015-16 65,000
    Palace Theater
    100 East Main Street
    Waterbury,CT06702     		  PC Theater Arts Program 2015-16 29,594
    PathwaysSenderos Center
    43 Viets Street
    New Britain,CT06053     		  PC Teen Pregnancy Prevention Program 2015-16 25,000
    Plainville ARC
    28 East Maple Street
    Plainville,CT06062     		  PC Camp Trumbull 2015 17,000
    Plainville Community Food Pantry
    54 South Canal Steet
    Plainville,CT06062     		  PC Backpack Program 2015 15,000
    Polish American Foundation of CT
    27 Grove Hill
    New Britain,CT06052     		  PC Renovation Planning Grant 10,000
    Prudence Crandall Center Inc
    PO Box 895
    New Britain,CT06050     		  PC Emergency Shelter Program 2016 32,000
    Queen Ann Nzinga Center
    Trinity-On-Main
    New Britain,CT06051     		  PC Children's Theater Arts Program 2015-16 10,000
    Reach Out and Read
    89 South Street Suite 201
    Boston,MA02111     		  PC Early Literacy Program 2015-16 10,000
    Shakesperience Productions
    117 Bank Street
    Waterbury,CT06702     		  PC In-School Theater Arts Program 2015-16 32,000
    St Vincent DePaul Mission of Waterbury
    34 Willow St
    Waterbury,CT06721     		  PC Soup Kitchen and Pantry Program 2016 25,000
    St Vincent DePaul Place
    617 Main Street
    Middletown,CT06457     		  PC Soup Kitchen and Outreach Program 2016 5,000
    Susan B Anthony Project
    179 Water Street
    Torrington,CT06790     		  PC Rebuilding Lives Program 2015-16 30,000
    The Main Street Singers
    90 Main Street
    New Britain,CT06051     		  PC Children's Choir and Performances 2016 5,000
    The Shoreline Soup Kitchens & Pantries
    PO Box 804
    Essex,CT06426     		  PC Food Distribution 2016 5,000
    United Way of Central and Northeastern CT
    30 Laurel Street
    Hartford,CT06106     		  PC 2015 Annual Campaign 5,000
    United Way of Central and Northeastern CT
    30 Laurel Street
    Hartford,CT06106     		  PC Workforce Solutions 2016 12,500
    United Way of Greater Waterbury
    100 North Elm Street - 2nd Floor
    Waterbury,CT06702     		  PC Home Visiting Program 2016 15,000
    United Way of Greater Waterbury
    100 North Elm Street - 2nd Floor
    Waterbury,CT06702     		  PC 2015 Annual Campaign 5,000
    VIBE Athletics
    241 Buell Street
    New Britain,CT06051     		  PC Basketball Program 2015-16 2,500
    Vision New Britain Inc
    503 Burritt Street
    New Britain,CT06053     		  PC TRIAD Senior Prom 2015 4,000
    Waterbury Symphony
    PO Box 1762
    Waterbury,CT06721     		  PC BRAVO Program 2015-16 15,000
    Waterbury Youth Services
    83 Prospect Street
    Waterbury,CT06702     		  PC Linking Academics to Life Program 2015-16 45,000
    YMCA of Greater Waterbury
    YMCA of Greater Waterbury
    Waterbury,CT06702     		  PC Waterbury Basketball Academy 2015-16 10,000
    YWCA of New Britain
    19 Franklin Square
    New Britain,CT06051     		  PC STRIVE 2015-16 65,000
    YWCA of New Britain
    19 Franklin Square
    New Britain,CT06051     		  PC 2015 Middle School Summer Program 40,000
    Central Connecticut State University
    Financial Aid Office
    New Britain,CT06050     		  PC 2015 Hall of Honor Award Dinner - School of Business 500
    Central Connecticut State University Foundation
    185 Main Street
    New Britain,CT06051     		  PC 2015 ITBD Annual Golf Tournament 500
    Children's Law Center of Connecticut
    30 Arbor Street North Building 4th
    Fl
    Hartford,CT06106     		  PC 2015 Scholarship Reception 500
    City of New Britain
    27 West Main Street
    New Britain,CT06051     		  PC 2015 Martin Luther King Breakfast 250
    City of New Britain
    27 West Main Street
    New Britain,CT06051     		  PC 2015 Mayor's Trophy Golf Tournament 600
    Community Foundation of Greater New Britain
    74A Vine Street
    New Britain,CT06052     		  PC 2015 Catalyst Fund Membership 500
    Connecticut Breast Health Initiative
    PO Box 566
    New Britain,CT06050     		  PC 2015 Race in the Park * 20,000
    Connecticut Junior Republic
    PO Box 161
    Litchfield,CT06759     		  PC 2015 CJR Invitational Golf Benefit 1,600
    Connecticut Voices for Children
    33 Whitney Avenue
    New Haven,CT06510     		  PC 2015 First for Kids Awards Ceremony 750
    First Tee of Connecticut
    55 Golf Club Road
    Cromwell,CT06416     		  PC 2015 First Tee Annual Charity Golf Classic 3,000
    Hospital for Special Care Foundation
    2150 Corbin Avenue
    New Britain,CT06053     		  PC 2015 Ivan Lendl Golf Classic 2,500
    League of Women Voters of Connecticut Education Fund Inc
    1890 Dixwell Ave Suite 203
    Hamden,CT06514     		  PC 2015 Who's Who New Britain/Berlin 309
    Mattatuck Museum
    144 West Main Street
    Waterbury,CT06702     		  PC 2015 Brass Button Award Celebration 5,000
    NAACP of New Britain
    PO Box 323
    New Britain,CT06050     		  PC 2015 Annual Freedom Fund Dinner 2,000
    NAACP of New Britain
    PO Box 323
    New Britain,CT06050     		  PC 2015 Black History Month Program 500
    New Britain High School
    110 Mill Street
    New Britain,CT06051     		  PC 2015 All Night Graduation Party 500
    New Britain High School
    110 Mill Street
    New Britain,CT06051     		  PC 2015 PMA Gala - 80th Anniversary 500
    New Britain Industrial Museum
    185 Main Street
    New Britain,CT06051     		  PC 2015/2016 Membership Sponsorship 750
    New Britain Little League
    P O Box 755
    New Britain,CT06050     		  PC 2015 Spring Season 350
    New Britain Museum of American Art
    56 Lexington St
    New Britain,CT06052     		  PC 2015 Gala 3,500
    New Britain Museum of American Art
    56 Lexington St
    New Britain,CT06052     		  PC 2015 Juneteenth Celebration 1,000
    Opportunities Industrialization Center
    114 North Street
    New Britain,CT06053     		  PC 2015 Annual Awards Gala 3,000
    Palace Theater
    100 East Main Street
    Waterbury,CT06702     		  PC 2015 10th Anniversary Gala 3,000
    PathwaysSenderos Center
    43 Viets Street
    New Britain,CT06053     		  PC 2015 Pedaling for Pathways - 17th Annual Bike-a-Thon 5,000
    PathwaysSenderos Center
    43 Viets Street
    New Britain,CT06053     		  PC 2015 Scholarship Reception 500
    Prudence Crandall Center Inc
    PO Box 895
    New Britain,CT06050     		  PC 2015 Bright Futures Gala 2,500
    Rebuilding Together with Christmas in April - New Britain
    200 Myrtle Street
    New Britain,CT06053     		  PC 2015 Rebuilding Day 5,000
    Saint Mary's Hospital Foundation
    56 Franklin Street
    Waterbury,CT06706     		  PC 2015 Women fore Women Golf Tournament 2,500
    Saint Mary's Hospital Foundation
    56 Franklin Street
    Waterbury,CT06706     		  PC 2015 "One Thousand and One Nights" Gala 1,500
    State of Connecticut Latino and Puerto Rican Affairs Commission
    18-20 Trinity Street
    Hartford,CT06106     		  PC 2015 Scholarship Awards Banquet 600
    The Hospital of Central Connecticut
    100 Grand Street
    New Britain,CT06050     		  PC 2015 Annual Golf Tournament 1,000
    The Hospital of Central Connecticut Auxiliary
    100 Grand Street
    New Britain,CT06050     		  PC 2015 Chrysanthemum Ball 6,000
    The New Britain Chorale
    First Lutheran Church of the
    Reformation
    New Britain,CT06051     		  PC 2015 Spring Concert Series 2,000
    The Salvation Army - Waterbury
    74 Central Avenue
    New Britain,CT06051     		  PC 2015 Annual Kettle Kick-off Breakfast 1,000
    United Way of Greater Waterbury
    100 North Elm Street - 2nd Floor
    Waterbury,CT06702     		  PC Waterbury Bridge to Success Partnership - Career Fair 1,500
    University of Connecticut Foundation
    2390 Alumni Drive Suite 3206
    Storrs Mansfield,CT06269     		  PC 2015 Jim Calhoun Celebrity Golf Classic 250
    University of Connecticut Foundation
    2390 Alumni Drive Suite 3206
    Storrs Mansfield,CT06269     		  PC 2015 Jim Calhoun Celebrity Golf Classic 3,350
    Waterbury Symphony
    PO Box 1762
    Waterbury,CT06721     		  PC 2015 Performance "Mind-Blowing Beethovan" 5,000
    Waterbury Symphony
    PO Box 1762
    Waterbury,CT06721     		  PC 2015 Scholarship Reception 500
    Waterbury Youth Services
    83 Prospect Street
    Waterbury,CT06702     		  PC 2015 Excellence in Youth Awards 1,000
    YMCA of Greater Waterbury
    YMCA of Greater Waterbury
    Waterbury,CT06702     		  PC 2015 41st Annual Fischang-Cicchetti Memorial Run 3,000
    YMCA of New Britain-Berlin
    50 High Street
    New Britain,CT06051     		  PC 2015 Endless Summer Gala 1,500
    YWCA of New Britain
    19 Franklin Square
    New Britain,CT06051     		  PC 2015 Women in Leadership Luncheon 3,000
    Bridge Family Center
    1022 Farmington Ave
    West Hartford,CT06107     		  PC 2015 Summer Internship Proposal 4,584
    Capitol Region Education Council
    111 Charter Oak Ave
    Hartford,CT06106     		  PC 2015 Summer Internship Proposal 4,584
    Children's Law Center of Connecticut
    30 Arbor Street North Building 4th
    Fl
    Hartford,CT06106     		  PC 2015 Summer Internship Proposal 4,584
    Community Foundation of Greater New Britain
    74A Vine Street
    New Britain,CT06052     		  PC 2015 Summer Internship Proposal 4,584
    CPEP
    211 South Main Street
    Middletown,CT06457     		  PC 2015 Summer Internship Proposal 4,584
    FoodShare Inc
    450 Woodland Avenue
    Bloomfield,CT06002     		  PC 2015 Summer Internship Proposal 4,584
    Hospital for Special Care Foundation
    2150 Corbin Avenue
    New Britain,CT06053     		  PC 2015 Summer Internship Proposal 4,584
    Mattatuck Museum
    144 West Main Street
    Waterbury,CT06702     		  PC 2015 Summer Internship Proposal 4,584
    New Britain Museum of American Art
    56 Lexington St
    New Britain,CT06052     		  PC 2015 Summer Internship Proposal 4,584
    Opportunities Industrialization Center
    114 North Street
    New Britain,CT06053     		  PC 2015 Summer Internship Proposal 4,584
    PathwaysSenderos Center
    43 Viets Street
    New Britain,CT06053     		  PC 2015 Summer Internship Proposal 4,584
    Shakesperience Productions
    117 Bank Street
    Waterbury,CT06702     		  PC 2015 Summer Internship Proposal 4,584
    United Way of Central and Northeastern CT
    30 Laurel Street
    Hartford,CT06106     		  PC 2015 Summer Internship Proposal -713
    United Way of Central and Northeastern CT
    30 Laurel Street
    Hartford,CT06106     		  PC 2015 Summer Internship Proposal 4,584
    Urban Oaks Organic Farm
    225 Oak Street
    New Britain,CT06051     		  PC 2015 Summer Internship Proposal 4,584
    Waterbury Hospital
    64 Robbins Street
    Waterbury,CT06721     		  PC 2015 Summer Internship Proposal 4,584
    Waterbury Youth Services
    83 Prospect Street
    Waterbury,CT06702     		  PC 2015 Summer Internship Proposal 4,584
    Wellmore
    141 East Main Street - 4 Floor
    Waterbury,CT06702     		  PC 2015 Summer Internship Proposal 4,584
    YMCA of Greater Waterbury
    YMCA of Greater Waterbury
    Waterbury,CT06702     		  PC 2015 Summer Internship Proposal 4,584
    YWCA of New Britain
    19 Franklin Square
    New Britain,CT06051     		  PC 2015 Summer Internship Proposal 4,584
    YWCA of New Britain
    19 Franklin Square
    New Britain,CT06051     		  PC 2015 Summer Internship Proposal -917
    Adelphi University
    1 individual scholarship award
    Garden City,NY11530     		  PC Scholarship 750
    American International College
    3 individual scholarship awards
    Springfield,MA01109     		  PC Scholarship 4,375
    American University
    1 individual scholarship award
    Washington,DC20016     		  PC Scholarship 1,375
    Amherst College
    1 individual scholarship award
    Amherst,MA01002     		  PC Scholarship 1,625
    Anna Maria College
    2 individual scholarship awards
    Paxton,MA01612     		  PC Scholarship 2,500
    Assumption College
    2 individual scholarship awards
    Worcester,MA01609     		  PC Scholarship 4,125
    Baruch College
    1 individual scholarship award
    New York,NY10010     		  PC Scholarship 750
    Bay Path University
    1 individual scholarship award
    Longmeadow,MA01106     		  PC Scholarship 2,500
    Baylor University
    1 individual scholarship award
    Waco,TX76706     		  PC Scholarship 750
    Belmont University
    1 individual scholarship award
    Nashville,TN37212     		  PC Scholarship 750
    Bentley University
    2 individual scholarship awards
    Waltham,MA02452     		  PC Scholarship 2,125
    Berklee College of Music
    1 individual scholarship award
    Boston,MA02215     		  PC Scholarship 4,000
    Boston College
    4 individual scholarship awards
    Chestnut Hill,MA02467     		  PC Scholarship 6,000
    Boston University
    9 individual scholarship awards
    Boston,MA02215     		  PC Scholarship 14,975
    Brandeis University
    1 individual scholarship award
    Waltham,MA02453     		  PC Scholarship 1,750
    Brown University
    1 individual scholarship award
    Providence,RI02912     		  PC Scholarship 200
    Capital Community College
    4 individual scholarship awards
    Hartford,CT06103     		  PC Scholarship 2,500
    Central Connecticut State University
    63 individual scholarship awards
    New Britain,CT06053     		  PC Scholarship 87,217
    Clarkson University
    1 individual scholarship award
    Potsdam,NY13699     		  PC Scholarship 750
    Coastal Carolina University
    1 individual scholarship award
    Conway,SC29528     		  PC Scholarship 1,875
    Colby-Sawyer College
    2 individual scholarship awards
    New London,NH03257     		  PC Scholarship 4,375
    College of The Holy Cross
    1 individual scholarship award
    Worcester,MA01610     		  PC Scholarship 750
    College of the Holy Cross
    2 individual scholarship awards
    Worcester,MA01610     		  PC Scholarship 1,498
    Connecticut College
    2 individual scholarship awards
    New London,CT06320     		  PC Scholarship 4,375
    Cornell University
    1 individual scholarship award
    Ithaca,NY14850     		  PC Scholarship 2,000
    Culinary Institute of America
    1 individual scholarship award
    Hyde Park,NY12538     		  PC Scholarship 750
    DeSales University
    1 individual scholarship award
    Center Valley,PA18034     		  PC Scholarship 2,500
    Deleware State University
    1 individual scholarship award
    Dover,DE19901     		  PC Scholarship 750
    East Carolina University
    1 individual scholarship award
    Greenville,NC27858     		  PC Scholarship 2,000
    Eastern Connecticut State University
    19 individual scholarship awards
    Willimantic,CT06226     		  PC Scholarship 25,375
    Eckerd College
    1 individual scholarship award
    St Petersburg,FL33711     		  PC Scholarship 500
    Emerson College
    2 individual scholarship awards
    Boston,MA02116     		  PC Scholarship 3,875
    Emmanuel College
    1 individual scholarship award
    Boston,MA02115     		  PC Scholarship 750
    Emory University
    3 individual scholarship awards
    Atlanta,GA30322     		  PC Scholarship 3,625
    Endicott College
    1 individual scholarship award
    Beverly,MA01915     		  PC Scholarship 750
    Fairfield University
    3 individual scholarship awards
    Fairfield,CT06824     		  PC Scholarship 5,125
    Florida Atlantic University
    2 individual scholarship awards
    Boca Raton,FL33431     		  PC Scholarship 2,875
    George Washington University
    3 individual scholarship awards
    Washington,DC20052     		  PC Scholarship 5,500
    Goodwin College
    3 individual scholarship awards
    East Hartford,CT06118     		  PC Scholarship 5,875
    Hamilton College
    1 individual scholarship award
    Clinton,NY13323     		  PC Scholarship 750
    Hampshire College
    2 individual scholarship awards
    Amherst,MA01002     		  PC Scholarship 1,750
    Hampton University
    1 individual scholarship award
    Hampton,VA23668     		  PC Scholarship 1,250
    Hartwick College
    1 individual scholarship award
    Oneonta,NY13820     		  PC Scholarship 1,500
    Harvard University
    1 individual scholarship award
    Cambridge,MA02138     		  PC Scholarship 1,500
    Hobart & William Smith Colleges
    1 individual scholarship award
    Geneva,NY14456     		  PC Scholarship 250
    Hofstra University
    1 individual scholarship award
    Hempstead,NY11549     		  PC Scholarship 750
    Holyoke Community College
    1 individual scholarship award
    Holyoke,MA01040     		  PC Scholarship 750
    Howard University
    2 individual scholarship awards
    Washington,DC20059     		  PC Scholarship 3,625
    Husson University
    2 individual scholarship awards
    Bangor,ME04401     		  PC Scholarship 2,875
    Ithaca College
    1 individual scholarship award
    Ithaca,NY14850     		  PC Scholarship 2,750
    Johns Hopkins University
    1 individual scholarship award
    Baltimore,MD21218     		  PC Scholarship 1,000
    Johnson State College
    1 individual scholarship award
    Johnson,VT05656     		  PC Scholarship 500
    Johnson and Wales University
    4 individual scholarship awards
    Charlotte,NC28202     		  PC Scholarship 6,125
    Keene State College
    2 individual scholarship awards
    Keene,NH03431     		  PC Scholarship 2,000
    Lasell College
    3 individual scholarship awards
    Auburndale,MA02466     		  PC Scholarship 3,500
    Liberty University
    1 individual scholarship award
    Lynchburg,VA24515     		  PC Scholarship 1,500
    Lincoln College of New England
    1 individual scholarship award
    Southington,CT06489     		  PC Scholarship 1,000
    Lyndon State College
    1 individual scholarship award
    Lyndonville,VT05851     		  PC Scholarship 2,875
    MCPHS University
    1 individual scholarship award
    Boston,MA02115     		  PC Scholarship 1,875
    Maine Maritime Academy
    1 individual scholarship award
    Castine,ME04421     		  PC Scholarship 2,000
    Manchester Community College
    5 individual scholarship awards
    Manchester,CT06040     		  PC Scholarship 3,625
    Marist College
    1 individual scholarship award
    Poughkeepsie,NY12601     		  PC Scholarship 2,625
    Merrimack College
    1 individual scholarship award
    North Andover,MA01845     		  PC Scholarship 1,000
    Middlesex Community College
    2 individual scholarship awards
    Middletown,CT06457     		  PC Scholarship 1,500
    Mitchell College
    1 individual scholarship award
    New London,CT06320     		  PC Scholarship 750
    Mount Saint Mary College
    2 individual scholarship awards
    Newburgh,NY12550     		  PC Scholarship 1,500
    Naropa University
    1 individual scholarship award
    Boulder,CO80302     		  PC Scholarship 1,125
    Naugatuck Valley Community College
    3 individual scholarship awards
    Waterbury,CT06708     		  PC Scholarship 2,500
    New York University
    1 individual scholarship award
    New York,NY10012     		  PC Scholarship 2,000
    Nichols College
    1 individual scholarship award
    Dudley,MA01571     		  PC Scholarship 1,500
    North Carolina State University
    1 individual scholarship award
    Raleigh,NC27695     		  PC Scholarship 875
    Northeastern University
    1 individual scholarship award
    Boston,MA02115     		  PC Scholarship 1,125
    Ohio State University
    1 individual scholarship award
    Columbus,OH43210     		  PC Scholarship 1,500
    Pennsylvania State University
    3 individual scholarship awards
    University Park,PA16801     		  PC Scholarship 4,125
    Post University
    5 individual scholarship awards
    Waterbury,CT06708     		  PC Scholarship 4,500
    Princeton University
    1 individual scholarship award
    Princeton,NJ08544     		  PC Scholarship 1,750
    Providence College
    1 individual scholarship award
    Providence,RI02918     		  PC Scholarship 1,500
    Quinnipiac University
    6 individual scholarship awards
    Hamden,CT06518     		  PC Scholarship 7,375
    Rensselaer Polytechnic Institute
    1 individual scholarship award
    Troy,NY12180     		  PC Scholarship 625
    Rivier University
    2 individual scholarship awards
    Nashua,NH03060     		  PC Scholarship 3,625
    SUNY at Albany
    1 individual scholarship award
    Albany,NY12222     		  PC Scholarship 1,375
    Sacred Heart University
    2 individual scholarship awards
    Fairfield,CT06825     		  PC Scholarship 2,500
    Salem College
    1 individual scholarship award
    Winston Salem,NC27101     		  PC Scholarship 2,375
    Salve Regina University
    2 individual scholarship awards
    Newport,RI02840     		  PC Scholarship 4,250
    Skidmore College
    2 individual scholarship awards
    Saratoga Springs,NY12866     		  PC Scholarship 3,375
    Southern Connecticut State University
    17 individual scholarship awards
    New Haven,CT06515     		  PC Scholarship 27,000
    Southern New Hampshire University
    1 individual scholarship award
    Manchester,NH03106     		  PC Scholarship 1,125
    Springfield College
    3 individual scholarship awards
    Springfield,MA01109     		  PC Scholarship 2,000
    Stanford University
    1 individual scholarship award
    Stanford,CA94305     		  PC Scholarship 625
    Stevens Institute of Technology
    1 individual scholarship award
    Hoboken,NJ07030     		  PC Scholarship 1,875
    Suffolk University
    1 individual scholarship award
    Boston,MA02108     		  PC Scholarship 875
    Syracuse University
    1 individual scholarship award
    Syracuse,NY13244     		  PC Scholarship 2,000
    Temple University
    2 individual scholarship awards
    Philadelphia,PA19122     		  PC Scholarship 2,500
    The New School
    2 individual scholarship awards
    New York,NY10011     		  PC Scholarship 2,500
    Trinity College
    1 individual scholarship award
    Hartford,CT20017     		  PC Scholarship 1,250
    Tufts University
    1 individual scholarship award
    Medford,MA02155     		  PC Scholarship 1,000
    Tunxis Community College
    4 individual scholarship awards
    Farmington,CT06032     		  PC Scholarship 3,250
    University of Bridgeport
    3 individual scholarship awards
    Bridgeport,CT06604     		  PC Scholarship 5,875
    University of Connecticut
    133 individual scholarship awards
    Storrs,CT06269     		  PC Scholarship 193,000
    University of Delaware
    1 individual scholarship award
    Newark,DE19716     		  PC Scholarship 750
    University of Hartford
    18 individual scholarship awards
    West Hartford,CT06117     		  PC Scholarship 20,500
    University of Maine
    1 individual scholarship award
    Orono,ME04469     		  PC Scholarship 1,625
    University of Massachusetts - Amherst
    1 individual scholarship award
    Amherst,MA01003     		  PC Scholarship 625
    University of Miami
    2 individual scholarship awards
    Coral Gables,FL33124     		  PC Scholarship 3,125
    University of New Hampshire
    1 individual scholarship award
    Durham,NH03824     		  PC Scholarship 2,500
    University of New Haven
    10 individual scholarship awards
    West Haven,CT06516     		  PC Scholarship 13,250
    University of North Carolina Wilmington
    1 individual scholarship award
    Wilmington,NC28403     		  PC Scholarship 750
    University of Rhode Island
    4 individual scholarship awards
    Kingston,RI02881     		  PC Scholarship 5,125
    University of Rochester
    1 individual scholarship award
    Rochester,NY14604     		  PC Scholarship 750
    University of Saint Joseph
    19 individual scholarship awards
    West Hartford,CT06117     		  PC Scholarship 22,625
    University of Scranton
    1 individual scholarship award
    Scranton,PA18510     		  PC Scholarship 1,750
    University of South Carolina
    2 individual scholarship awards
    Columbia,SC29208     		  PC Scholarship 3,625
    University of Southern California
    1 individual scholarship award
    Los Angeles,CA90089     		  PC Scholarship 2,500
    University of Vermont
    2 individual scholarship awards
    Burlington,VT05405     		  PC Scholarship 3,000
    University of Virginia
    1 individual scholarship award
    Charlottesville,VA22904     		  PC Scholarship 1,750
    Ursinus College
    2 individual scholarship awards
    Collegeville,PA19426     		  PC Scholarship 2,375
    Valencia College
    1 individual scholarship award
    Orlando,FL32811     		  PC Scholarship 500
    Wentworth Institute of Technology
    1 individual scholarship award
    Boston,MA02115     		  PC Scholarship 500
    Wesleyan University
    2 individual scholarship awards
    Middletown,CT06459     		  PC Scholarship 3,250
    Western Connecticut State University
    7 individual scholarship awards
    Danbury,CT06810     		  PC Scholarship 7,625
    Western New England University
    3 individual scholarship awards
    Springfield,MA01119     		  PC Scholarship 5,375
    Wheaton College
    2 individual scholarship awards
    Norton,MA02766     		  PC Scholarship 4,375
    Wheelock College
    1 individual scholarship award
    Boston,MA02215     		  PC Scholarship 1,250
    William Jewell College
    1 individual scholarship award
    Liberty,MO64068     		  PC Scholarship 2,750
    Winston Salem State University
    1 individual scholarship award
    Winston Salem,NC27110     		  PC Scholarship 2,000
    Worcester Polytechnic Institute
    6 individual scholarship awards
    Worcester,MA01609     		  PC Scholarship 8,750
    Yale University
    1 individual scholarship award
    New Haven,CT06520     		  PC Scholarship 375
    Yeshiva University
    1 individual scholarship award
    New York,NY10033     		  PC Scholarship 1,500
    Total .................................bullet 3a 3,447,464
    bApproved for future payment
    Total .................................bullet 3b 0
    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 4,461  
    4 Dividends and interest from securities....     14 2,367,084  
    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 ............     		    18 639,934  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 3,011,479 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    133,011,479
    (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 AccountingFeesSchedule
    Name:
    American Savings Foundation Inc
    EIN:
    30-0308972
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 20,650 10,325   10,325
    Bookkeeping fees 46,030 23,015   23,015

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

    TY 2015 DepreciationSchedule
    Name:
    American Savings Foundation Inc
    EIN:
    30-0308972
    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
    furniture- foundation 2000-12-15 8,908 8,908 SL 7.000000000000 0 0    
    furniture- iiet bldg move 2001-09-15 16,456 16,456 SL 7.000000000000 0 0    
    furniture- reception area 2002-03-01 1,285 1,285 SL 7.000000000000 0 0    
    telephone system 2003-02-25 3,717 3,717 SL 7.000000000000 0 0    
    kyocera fax machine 2003-02-25 925 925 SL 7.000000000000 0 0    
    furniture directors office 2003-04-03 7,935 7,935 SL 7.000000000000 0 0    
    furniture receptionist 2003-05-07 3,262 3,262 SL 7.000000000000 0 0    
    file cabinets 2003-06-05 2,507 2,507 SL 7.000000000000 0 0    
    directors furniture 2000-03-24 12,074 12,074 SL 7.000000000000 0 0    
    DIRECTORS FURNITURE 2004-05-21 663 663 SL 7.000000000000 0 0    
    FILING CABINET 2006-03-06 1,034 1,034 SL 7.000000000000 0 0    
    Software - Bromelkamp 2007-01-19 1,500 1,500 SL 3.000000000000 0 0    
    Transfer Enterprises 2008-01-14 2,419 2,419 SL 7.000000000000 0 0    
    Copier 2009-01-14 3,567 3,060 SL 7.000000000000 507 0    
    Computers 2010-03-03 2,760 2,668 SL 5.000000000000 92 0    
    Server Upgrade 2010-09-01 1,950 1,950 SL 3.000000000000 0 0    
    Furniture 2011-06-20 500 249 SL 7.000000000000 71 0    
    Furniture 2011-06-30 229 115 SL 7.000000000000 33 0    
    FUrniture 2012-09-10 565 189 SL 7.000000000000 81 0    
    COMPUTER SOftware 2012-01-25 155 155 SL 5.000000000000 0 0    
    COMPUTER SYSTEM 2012-01-25 3,662 2,196 SL 5.000000000000 732 0    
    COMPUTER UPGRADE PROJECT 2012-05-03 1,116 595 SL 5.000000000000 223 0    
    NETWORK SWITCH FIREWALL 2012-07-17 1,114 550 SL 5.000000000000 223 0    
    Work Stations 2013-03-23 1,793 469 SL 7.000000000000 256 0    
    IPads and Cases 2013-02-13 1,096 420 SL 5.000000000000 219 0    
    Server 2013-03-22 7,557 2,777 SL 5.000000000000 1,511 0    
    SERVER 2013-06-12 2,809 890 SL 5.000000000000 562 0    
    Printer/Copier 2014-01-06 6,816 1,363 SL 5.000000000000 1,363 0    
    desk/workstation 2015-05-15 3,104   SL 7.000000000000 296 0    
    computer/monitor 2015-05-19 2,134   SL 3.000000000000 478 0    
    comPUTER SOftware 2015-09-10 1,236   SL 3.000000000000 137 0    
    Kitchen renovation 50% deposit 2015-12-31 4,920   SL 3.000000000000 0 0    

    TY 2015 GeneralExplanationAttachment
    Name:
    American Savings Foundation Inc
    EIN:
    30-0308972
    Identifier Return Reference Explanation
      PART VII-B QUESTION 1A(4) The foundation pays compensation to the President/CEO who is a disqualified person. This meets the definition of self dealing and as such, Part VII-B Question 1a(4) has been answered yes. However, the compensation paid for this service is reasonable and not excessive. The payment does not fail to qualify as an exception and, therefore, Part VII-B question 1b has been answered no.
      PART XV QUESTION 2b, 2c, 2d SCHOLARSHIP PROCEDURES THE AMERICAN SAVINGS FOUNDATION AWARDS SCHOLARSHIPS TO STUDENTS ENROLLED IN OR ENTERING A TWO-YEAR OR FOUR-YEAR COLLEGE OR UNIVERSITY OR AN ACCREDITED TECHNICAL/VOCATIONAL PROGRAM. APPLICANTS MUST BE FULL-TIME RESIDENTS OF ONE OF THE 64 TOWNS SERVED BY AMERICAN SAVINGS BANK PRIOR TO ITS ACQUISITION BY BANKNORTH CT (FEBRUARY 2003), WHICH CORRESPONDS TO THE BANK'S OFFICIAL COMMUNITY REINVESTMENT ACT ("CRA") TERRITORY AS OF THAT DATE. AN APPLICANT IS REQUIRED TO BE EITHER A U.S. CITIZEN, A NON-U.S. CITIZEN WHO IS ABLE TO APPLY FOR FEDERAL STUDENT AID; OR A PERSON THAT HAS BEEN GRANTED "DEFERRED ACTION FOR CHILDHOOD ARRIVALS" (OR "DACA") STATUS. THE FOUNDATION PROVIDES INFORMATION CONCERNING THE SCHOLARSHIPS TO HIGH SCHOOL GUIDANCE COUNSELORS, PUBLIC LIBRARIES, SOCIAL SERVICE ORGANIZATIONS, YOUTH GROUPS, AND MEDIA OUTLETS IN THE SERVICE AREA.SCHOLARSHIPS ARE AWARDED PRIMARILY BASED ON FINANCIAL NEED, WITH CONSIDERATION ALSO GIVEN TO ACADEMIC POTENTIAL, CITIZENSHIP, AND COMMUNITY INVOLVEMENT. APPLICANTS SHOULD HAVE A MINIMUM 2.5 GPA. APPLICANTS MAY REAPPLY FOR UP TO A TOTAL OF FOUR ACADEMIC YEARS. THE FOUNDATION AWARDS A SMALL NUMBER OF GRADUATE SCHOOL SCHOLARSHIPS; ONLY STUDENTS WHO HAVE RECEIVED THE AMERICAN SAVINGS FOUNDATION SCHOLARSHIP AS UNDERGRADUATES ARE ELIGIBLE TO APPLY. PRIORITY IS GIVEN TO STUDENTS PURSUING A MASTER'S DEGREE IN EDUCATION OR SOCIAL SERVICE, AND WHO ARE ATTENDING GRADUATE SCHOOL IN THE STATE OF CONNECTICUT. THE FOUNDATION ALSO HAS A "SPECIAL SCHOLARSHIPS" PROGRAM WHICH ACCEPTS APPLICATIONS FROM STUDENTS WHO DID NOT MEET THE GPA REQUIREMENT TO APPLY FOR THE GENERAL SCHOLARSHIP DURING THE OPEN APPLICATION PERIOD. THESE APPLICANTS MUST HAVE COMPLETED A HIGH QUALITY COLLEGE PREPARATION PROGRAM (FOR EXAMPLE, CONNCAP AT CCSU) OR OTHERWISE DEMONSTRATE THAT THEY ARE PREPARED TO BE SUCCESSFUL IN COLLEGE OR CAREER TRAINING. AT THE DISCRETION OF THE FOUNDATION, THESE AWARDS MAY BE APPROVED FOR USE AT A VOCATIONAL TRAINING PROGRAM THAT ARE NOT ACCREDITED OR TITLE IV ELIGIBLE, PROVIDED THAT THE PROGRAM IS AN EDUCATIONAL INSTITUTION THAT NORMALLY RETAINS A REGULAR FACULTY AND CURRICULUM, AS DESCRIBED IN SECTION 170(B)(1)(A)(II) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED. THE BOARD OF DIRECTORS OF THE FOUNDATION (THE "BOARD") VOTES TO APPROVE A TOTAL BUDGET FOR SCHOLARSHIPS EACH YEAR. THE BOARD DELEGATES THE RESPONSIBILITY FOR MANAGING THE PROGRAM TO THE FOUNDATION STAFF. THE BOARD ALSO DELEGATES THE RESPONSIBILITY FOR REVIEWING AND EVALUATING SCHOLARSHIP APPLICATIONS AND SELECTING RECIPIENTS TO THE SCHOLARSHIP COMMITTEE (THE "COMMITTEE"). THE COMMITTEE CONSISTS OF NO FEWER THAN NINE PERSONS, AT LEAST THREE OF WHOM ARE MEMBERS OF THE BOARD. THE CHAIR OF THE SCHOLARSHIP COMMITTEE SHALL BE A MEMBER OF THE BOARD, AND MAY BE THE PRESIDENT. THE COMMITTEE IS RESPONSIBLE FOR ESTABLISHING RULES AND PROCEDURES FOR APPLICANTS; REVIEWING AND ANALYZING SCHOLARSHIP APPLICATIONS; IDENTIFYING SCHOLARSHIP RECIPIENTS WITHIN THE COMMUNITIES SERVED BY THE FOUNDATION; MAKING SCHOLARSHIP AWARDS WITHIN A BUDGET APPROVED BY THE BOARD; AND REPORTING ITS RECOMMENDATIONS TO THE BOARD.TO ENSURE THAT AN OBJECTIVE DECISION CAN BE REACHED ON EACH APPLICATION, THE COMMITTEE USES A BLIND REVIEW PROCESS. THE FOUNDATION'S STAFF PROCESSES THE APPLICATIONS AND REMOVES ANY IDENTIFYING INFORMATION PRIOR TO FORWARDING THEM TO THE COMMITTEE. COMMITTEE MEMBERS ARE INSTRUCTED TO REPORT ANY INSTANCE WHERE THEY ARE ABLE TO IDENTIFY THE APPLICANT BASED ON THE INFORMATION PROVIDED. IN SUCH CASES, THAT REVIEWER ABSTAINS FROM REVIEW, DISCUSSION, AND VOTING ON THAT APPLICANT. APPLICATIONS ARE REVIEWED PRIMARILY BASED ON FINANCIAL NEED. APPLICATIONS THAT DO NOT MEET A FINANCIAL NEEDS TEST MAY NOT BE FORWARDED TO THE COMMITTEE. A SMALL PORTION OF THE ANNUAL SCHOLARSHIP BUDGET AMOUNT MAY BE DISTRIBUTED TO QUALIFIED COLLEGES OR UNIVERSITIES, TO BE AWARDED AS FINANCIAL SUPPORT TO STUDENTS ATTENDING THESE INSTITUTIONS. EACH INSTITUTION IS RESPONSIBLE FOR THE MANAGEMENT OF THE SCHOLARSHIP DOLLARS AND SELECTS THE RECIPIENTS. HOWEVER, CERTAIN CRITERIA MUST BE MET BY EACH RECIPIENT, INCLUDING GEOGRAPHICAL LOCATION AND FINANCIAL NEED, FOLLOWING THE OVERALL AMERICAN SAVINGS FOUNDATION SCHOLARSHIP PROGRAM GUIDELINES. MOST SCHOLARSHIP FUNDS ARE DISTRIBUTED IN TWO INSTALLMENTS, ONE-HALF AT THE BEGINNING OF THE FALL SEMESTER AND ONE-HALF AT THE BEGINNING OF THE SPRING SEMESTER. EACH SCHOLARSHIP RECIPIENT MUST SUBMIT INFORMATION TO THE FOUNDATION VERIFYING SUCH RECIPIENT'S CONTINUED ENROLLMENT AT THE COLLEGE, UNIVERSITY OR OTHER EDUCATIONAL INSTITUTION IN ORDER TO RECEIVE EACH INSTALLMENT. A RECIPIENT'S FAILURE TO PROVIDE THIS WILL PROMPT AN INQUIRY BY THE FOUNDATION, AND PENDING RECEIPT OF SUCH INFORMATION, PAYMENT OF ANY UNPAID INSTALLMENT WILL BE HELD. IN THE EVENT IT IS DISCOVERED THAT SCHOLARSHIP FUNDS ARE NOT BEING USED FOR THEIR INTENDED EXEMPT PURPOSE, THE FOUNDATION WILL TAKE APPROPRIATE ACTION TO RECOVER ANY DIVERTED FUNDS. THE FOUNDATION MAY TERMINATE A SCHOLARSHIP FOR CAUSE IF A RECIPIENT IS FOUND TO HAVE VIOLATED HIS OR HER EDUCATIONAL INSTITUTION'S CODE OF CONDUCT, OR IF HE/SHE IS CONVICTED OF A CRIME. SCHOLARSHIP RECIPIENTS MAY REAPPLY FOR UP TO A TOTAL OF FOUR YEARS OF UNDERGRADUATE EDUCATION. RENEWAL APPLICATIONS MUST BE SUBMITTED BETWEEN APRIL 1 AND JUNE 31, ARE REVIEWED DURING THE SUMMER. RENEWAL APPLICATIONS ARE REVIEWED BY THE COMMITTEE FOLLOWING THE SAME CRITERIA AND PROCEDURES OUTLINED ABOVE. FIRST TIME RECIPIENTS WHO APPLY AS HIGH SCHOOL SENIORS WILL BE AWARDED 2-YEAR COLLEGE SCHOLARSHIPS. THESE AWARDS WILL BE PAID IN FOUR INSTALLMENTS CONTINGENT UPON REVIEW OF THE SCHOLAR'S ENROLLMENT STATUS, ACADEMIC ACHIEVEMENT AND CONTINUED FINANCIAL NEED. AFTER THE INITIAL TWO-YEAR AWARD IS COMPLETED, STUDENTS MAY APPLY FOR ONE-YEAR RENEWALS FOR THEIR JUNIOR AND SENIOR YEARS. STUDENTS MUST MAINTAIN A MINIMUM 2.5 GPA TO RECEIVE EACH INSTALLMENT. AT THE DISCRETION OF THE FOUNDATION, A STUDENT WHO HAS FAILED TO MEET THE GPA REQUIREMENT OR ANY OTHER REQUIREMENT OF THE SCHOLARSHIP MAY BE PLACED ON PROBATION. WHEN ON PROBATION, THE STUDENT WILL BE GIVEN CLEAR ACADEMIC GOALS TO ACHIEVE IN ORDER TO RECEIVE ANY REMAINING INSTALLMENTS. NEW AND RENEWAL APPLICATIONS MAY BE SUBMITTED ONLINE. THE ONLINE APPLICATION REQUIRES THE SAME INFORMATION AS THE PAPER APPLICATIONS. ALL APPLICANTS MUST SUPPLY ORIGINAL DOCUMENTATION, INCLUDING A COPY OF THE APPLICANT'S STUDENT AID REPORT AND TRANSCRIPTS. AN APPLICANT WHO HAS BEEN APPROVED FOR DACA STATUS MUST ALSO PROVIDE A VALID EMPLOYMENT AUTHORIZATION CARD AS EVIDENCE OF SUCH APPROVAL.BEGINNING IN 2008, THE FOUNDATION WILL AWARD APPROXIMATELY 10 SCHOLARSHIPS TO EMPLOYEES OF MEMBER AGENCIES OF THE NEW BRITAIN YOUTH NETWORK TO HELP THEM PURSUE THE CREDENTIAL IN AFTER SCHOOL EDUCATION AT CHARTER OAK COLLEGE. THE NETWORK CONSISTS OF 28 NONPROFIT AGENCIES THAT PROVIDE SERVICES TO YOUTH IN THE CITY OF NEW BRITAIN. THE NETWORK WAS FORMED AS PART OF THE FOUNDATION'S NEW BRITAIN AFTER SCHOOL INITIATIVE, WHICH IS DESIGNED TO EXPAND AFTER-SCHOOL PROGRAMS IN THE CITY AND TO IMPROVE PROGRAM QUALITY. ANY EMPLOYEE OF A MEMBER AGENCY MAY APPLY. PRIORITY WILL BE GIVEN TO EMPLOYEES WHO ARE CURRENTLY WORKING IN AFTER-SCHOOL PROGRAMS. SCHOLARSHIP RECIPIENTS WILL PURSUE THE CREDENTIAL IN AFTER SCHOOL EDUCATION. SCHOLARSHIP AWARDS WILL PROVIDE PARTIAL FUNDING FOR THE PROGRAM COSTS, STRUCTURED SO THAT THE STUDENT'S PORTION OF THE COST WILL DECREASE AS HE OR SHE SUCCESSFULLY PROGRESSES THROUGH THE CREDENTIAL PROGRAM. STUDENTS WILL EARN COLLEGE-LEVEL CREDITS WHICH CAN BE APPLIED TO A BACHELOR'S DEGREE. THIS WILL BE A COMPETITIVE APPLICATION PROCESS. APPLICATIONS WILL BE REVIEWED BY THE ASF SCHOLARSHIPS COMMITTEE USING A BLIND APPLICATION PROCESS. THE FOUNDATION RETAINS RECORDS SUBMITTED BY THE SCHOLARSHIP RECIPIENTS AND THEIR EDUCATIONAL INSTITUTIONS. IN ADDITION, THE FOUNDATION ENSURES THAT NO RECIPIENT OF A SCHOLARSHIP FROM THE FOUNDATION IS A "DISQUALIFIED PERSON" WITHIN THE MEANING OF SECTION 4946(A)(1) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, WITH RESPECT TO THE FOUNDATION.
      PART IX-A, LINES 1, 2, AND 3 ROBERT T. KENNEY SCHOLARSHIP PROGRAM - $78,116THE AMERICAN SAVINGS FOUNDATION OPERATES THE ROBERT T. KENNEY SCHOLARSHIP PROGRAM, WHICH IN 2015 AWARDED $683,015 IN SCHOLARSHIPS TO 486 STUDENTS. THE FOUNDATION PROVIDES ADDITIONAL SUPPORT AND GUIDANCE TO SCHOLARSHIP APPLICANTS AND RECIPIENTS, SUCH AS ADVICE ON APPLYING FOR FINANCIAL AID AND OTHER AVAILABLE SCHOLARSHIPS. THE FOUNDATION CONDUCTS A PAID SUMMER INTERNSHIP PROGRAM, PROVIDING CAREER-ORIENTED JOBS FOR SCHOLARSHIP RECIPIENTS, TOTALING $87,096. THE FOUNDATION PARTICIPATES IN FINANCIAL AID INFORMATION SESSIONS WITH OTHER SCHOLARSHIP PROVIDERS FOR GUIDANCE COUNSELORS, PARENTS, AND YOUTH PROGRAM PARTICIPANTS IN WATERBURY, NEW BRITAIN, AND THE SURROUNDING TOWNS. THE FOUNDATION'S ASSOCIATE PROGRAM OFFICER'S PRIMARY RESPONSIBILITY IS TO MANAGE AND HELP GROW THE ROBERT T. KENNEY SCHOLARSHIP PROGRAM. AS PART OF OUR OUTREACH WORK, THE FOUNDATION HOSTS COLLEGE GOAL SUNDAY NEW BRITAIN, COVERING ALL DIRECT EXPENSES FOR THE SITE HELD AT NEW BRITAIN HIGH SCHOOL. VOLUNTEERS FROM UNIVERSITIES AND YOUTH PROGRAMS WORK WITH FAMILIES TO COMPLETE THE FAFSA. THE SITE ALSO PROVIDES INFORMATION ON THE COLLEGE ADMISSIONS PROCESS, FINANCIAL AID, HOW TO APPLY FOR SCHOLARSHIPS, AND RESOURCES FOR FAMILIES, SUCH AS INDIVIDUAL DEVELOPMENT ACCOUNTS AND THE TRIO EDUCATIONAL TALENT SEARCH PROGRAM. THE CONSOLIDATED SCHOOL DISTRICT OF NEW BRITAIN PROVIDES TRANSLATORS. THE NEW BRITAIN SITE IS ONE OF 14 COLLEGE GOAL SUNDAY LOCATIONS STATEWIDE, SPONSORED BY THE STATE OF CONNECTICUT AFRICAN-AMERICAN AFFAIRS COMMISSION, THE CONNECTICUT ASSOCIATION OF PROFESSIONAL FINANCIAL AID ADMINISTRATORS, THE CONNECTICUT ASSOCIATION OF EDUCATIONAL OPPORTUNITY PROGRAM, AND USAFUNDS. DIRECT SUPPORT FOR YOUTH PROGRAMS - $5,398IN 2005, THE AMERICAN SAVINGS FOUNDATION LAUNCHED A STRATEGIC INITIATIVE TO ADDRESS THE INTERCONNECTED ISSUES OF ACADEMIC ACHIEVEMENT, THE DROP-OUT RATE, AND THE TEEN PREGNANCY RATE IN NEW BRITAIN. WHILE THE INITIATIVE HAS WOUND DOWN, THE FOUNDATION CONTINUES TO COVER THE COST OF AN ONLINE DATABASE SYSTEM THAT NEW BRITAIN AFTER-SCHOOL PROGRAMS WHICH THE FOUNDATION FUNDS USE TO TRACK ATTENDANCE. THIS SYSTEM IS NOW USED BY THE SUMMER ENRICHMENT EXPERIENCE (SEE) PROGRAM, WHICH RECEIVES SIGNIFICANT FUNDING FORM THE FOUNDATION. SEE IS A JOINT PROJECT BETWEEN THE CONSOLIDATED SCHOOL DISTRICT OF NEW BRITAIN AND YOUTH-SERVING NONPROFIT AGENCIES IN THE CITY. THE EVOLUTION OF A SHARED SYSTEM HAS PROVIDED SIGNIFICANT IMPROVEMENT IN TRACKING ATTENDANCE OF ALL STUDENTS AND MAKING SURE STUDENTS WHO HAVE THE MOST NEED ARE SERVED. THE FOUNDATION ALSO SUPPORTS COMMUNITY MEETINGS TO FACILITATE PLANNING TO ADDRESS COMMON COMMUNITY NEEDS.

    TY 2015 InvestmentsOtherSchedule2
    Name:
    American Savings Foundation Inc
    EIN:
    30-0308972
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    Commonfund Inst Multi-Strategy Equity Fund FMV 20,347,227 20,347,227
    TIFF MAF Mutual Fund FMV 30,242,349 30,242,349
    GMO Benchmark-Free Allocation Fund-III FMV 19,108,878 19,108,878
    Commonfund Multi-Strategy Bond Investors LLC FMV 5,678,857 5,678,857
    Commonfund Instl Multi-Strat Commodities Series 1 FMV 599,800 599,800

    TY 2015 LandEtcSchedule2
    Name:
    American Savings Foundation Inc
    EIN:
    30-0308972
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    iiet bldg buildout 46,683 46,683 0  
    iiet bldg buildout 30,689 30,689 0  
    furniture- foundation 8,908 8,908 0  
    furniture- iiet bldg move 16,456 16,456 0  
    Leasehold improvements 2,922 2,922 0  
    leasehold improvements 2,350 2,350 0  
    leasehold improvements 1,350 1,350 0  
    leasehold improvements- sign 2,290 2,290 0  
    leasehold improvements- sign 1,050 1,050 0  
    furniture- reception area 1,285 1,285 0  
    telephone system 3,717 3,717 0  
    kyocera fax machine 925 925 0  
    furniture directors office 7,935 7,935 0  
    furniture receptionist 3,262 3,262 0  
    file cabinets 2,507 2,507 0  
    directors furniture 12,074 12,074 0  
    DIRECTORS FURNITURE 663 663 0  
    FILING CABINET 1,034 1,034 0  
    Software - Bromelkamp 1,500 1,500 0  
    Transfer Enterprises 2,419 2,419 0  
    Copier 3,567 3,567 0  
    Computers 2,760 2,760 0  
    Server Upgrade 1,950 1,950 0  
    Furniture 500 320 180  
    Furniture 229 148 81  
    FUrniture 565 270 295  
    COMPUTER SOftware 155 155 0  
    COMPUTER SYSTEM 3,662 2,928 734  
    COMPUTER UPGRADE PROJECT 1,116 818 298  
    NETWORK SWITCH FIREWALL 1,114 773 341  
    Work Stations 1,793 725 1,068  
    IPads and Cases 1,096 639 457  
    Server 7,557 4,288 3,269  
    SERVER 2,809 1,452 1,357  
    Printer/Copier 6,816 2,726 4,090  
    desk/workstation 3,104 296 2,808  
    computer/monitor 2,134 478 1,656  
    comPUTER SOftware 1,236 137 1,099  
    Kitchen renovation 50% deposit 4,920 0 4,920  


    TY 2015 LegalFeesSchedule
    Name:
    American Savings Foundation Inc
    EIN:
    30-0308972
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 21,127 10,564   10,563


    TY 2015 OtherAssetsSchedule
    Name:
    American Savings Foundation Inc
    EIN:
    30-0308972
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    Rabbi Trust 457(f) 534,675 600,036 600,036
    Rabbi Trust 457(b) 80,804 99,211 99,211


    TY 2015 OtherDecreasesSchedule
    Name:
    American Savings Foundation Inc
    EIN:
    30-0308972
    Description Amount
    UNREALIZED LOSS ON INVESTMENTS 4,856,764


    TY 2015 OtherExpensesSchedule
    Name:
    American Savings Foundation Inc
    EIN:
    30-0308972
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    telephone 6,386 3,193   3,193
    dues and memberships 23,155 1,647   21,508
    licenses and fees 10,957 5,478   5,479
    Events and meetings 47,350 11,842   35,508
    supplies 4,331 2,165   2,166
    insurance 7,315 3,658   3,657
    postage and delivery 4,611 2,306   2,305
    miscellaneous 6,429 3,964   2,465
    aSSET MANAGEMENT FEES 92,378 92,378   0
    repairs 4,835 2,417   2,418
    subscriptions 2,163 1,082   1,081
    COMMUNICATIONS 7,669 3,834   3,835


    TY 2015 OtherLiabilitiesSchedule
    Name:
    American Savings Foundation Inc
    EIN:
    30-0308972
    Description Beginning of Year - Book Value End of Year - Book Value
    Rabbi Trust 457(F) 534,675 600,036
    Rabbi Trust 457(b) 80,804 99,211


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    American Savings Foundation Inc
    EIN:
    30-0308972
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    GRANTS INITIATIVE - PROFESSIONAL FEES 8,383 0   8,383
    consulting 25,531 12,766   12,765


    TY 2015 TaxesSchedule
    Name:
    American Savings Foundation Inc
    EIN:
    30-0308972
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Payroll taxes 39,934 11,324   28,610
    excise taxes 43,750 0   0