Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2018
Open to Public Inspection
For calendar year 2018, or tax year beginning 01-01-2018 , and ending 12-31-2018
Name of foundation
People's United Community Foundation of
Eastern Massachusetts Inc
% Foundation Source
Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377
A Employer identification number

26-0814452
B Telephone number (see instructions)

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

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... 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$13,469,281J 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.............
3 Interest on savings and temporary cash investments 3,927 3,927  
4 Dividends and interest from securities... 531,223 531,223  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 668,101
b Gross sales price for all assets on line 6a 1,724,547
7 Capital gain net income (from Part IV, line 2)... 638,785
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 1,203,251 1,173,935  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 39,485      
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 29,787 1   29,786
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 69,272 1   29,786
25 Contributions, gifts, grants paid....... 906,250 906,250
26 Total expenses and disbursements. Add lines 24 and 25 975,522 1   936,036
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 227,729
b Net investment income (if negative, enter -0-) 1,173,934
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2018)
Form 990-PF (2018)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 668,721 237,533 237,533
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet   1,242    
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) 418,668 Click to see attachment487,712 479,983
b Investments—corporate stock (attach schedule)....... 6,720,154 Click to see attachment7,259,824 12,307,326
c Investments—corporate bonds (attach schedule)....... 412,902 Click to see attachment464,347 444,439
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 8,221,687 8,449,416 13,469,281
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow SFAS 117, check here bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
Foundations that do not follow SFAS 117, check here 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 8,221,687 8,449,416
30 Total net assets or fund balances (see instructions)..... 8,221,687 8,449,416
31 Total liabilities and net assets/fund balances (see instructions). 8,221,687 8,449,416
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
8,221,687
2
Enter amount from Part I, line 27a .....................
2
227,729
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
8,449,416
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
8,449,416
Form 990-PF (2018)
Form 990-PF (2018)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a Publicly-traded Securities      
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 1,724,547   1,085,762 638,785
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       638,785
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 638,785
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))
2017 761,500 16,144,051 0.047169
2016 721,555 14,507,907 0.049735
2015 739,760 14,317,259 0.051669
2014 710,954 13,595,005 0.052295
2013 578,464 12,973,847 0.044587
2
Total of line 1, column (d) .....................
2
0.245455
3
Average distribution ratio for the 5-year base period—divide the total on line 2 by 5.0, or by the number of years the foundation has been in existence if less than 5 years ......
3
0.049091
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
15,955,558
5
Multiply line 4 by line 3......................
5
783,274
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
11,739
7
Add lines 5 and 6........................
7
795,013
8
Enter qualifying distributions from Part XII, line 4,.............
8
936,036
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 (2018)
Form 990-PF (2018)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket includes lines 1a and 1b
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Domestic foundations that meet the section 4940(e) requirements in Part V, check 1 11,739
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 11,739
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 11,739
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 21,100
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 21,100
8 Enter any penalty for underpayment of estimated tax. Check here 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 9,361
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet9,361 RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition).................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletMA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2018 or the taxable year beginning in 2018? See the 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 (2018)
    Form 990-PF (2018)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbullet  
    14
    The books are in care ofbulletFoundation Source Telephone no.bullet (800) 839-1754

    Located atbullet501 Silverside Road Suite 123WilmingtonDE ZIP+4bullet198091377
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2018, 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 the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2018?.............
    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 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    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 2018 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 2018.)..................
    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 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    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:
    Yes
    No
    (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
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    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
    Kevin T BottomleyClick to see attachment Pres, Dir, Chair
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Diane C BrinkleyClick to see attachment Dir
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    John T DawleyClick to see attachment Dir
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Thomas FordClick to see attachment Clerk, Dir, Sec
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Jack Good IIIClick to see attachment Dir
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Anna Maria GreenerClick to see attachment Dir
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Matt HegartyClick to see attachment Dir
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Eleanor M HerseyClick to see attachment Dir
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Richard LarkinClick to see attachment Dir
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    J Michael O'BrienClick to see attachment Dir
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Diane T StringerClick to see attachment Dir
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Patrick SullivanClick to see attachment Dir, Treas
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Joseph WadlingerClick to see attachment Dir
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
     
    Total number of other employees paid over $50,000...................bullet  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
     
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2018)
    Form 990-PF (2018)
    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
    15,894,374
    b
    Average of monthly cash balances.......................
    1b
    304,162
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    16,198,536
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    16,198,536
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    242,978
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    15,955,558
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    797,778
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    797,778
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    11,739
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    11,739
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    786,039
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    786,039
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    786,039
    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
    936,036
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    936,036
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    11,739
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    924,297
    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 (2018)
    Form 990-PF (2018)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2017     		(c)
    2017     		(d)
    2018
    1 Distributable amount for 2018 from Part XI, line 7 786,039
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only.......  
    b Total for prior years:2016, 2015, 2014  
    3 Excess distributions carryover, if any, to 2018:
    a From 2013......  
    b From 2014...... 43,368
    c From 2015...... 46,883
    d From 2016...... 23,584
    e From 2017......  
    fTotal of lines 3a through e........ 113,835
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 936,036
    a Applied to 2017, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2018 distributable amount..... 786,039
    e Remaining amount distributed out of corpus 149,997
    5 Excess distributions carryover applied to 2018.    
    (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 5 263,832
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2018. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2019 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		263,832
    10 Analysis of line 9:
    a Excess from 2014.... 43,368
    b Excess from 2015.... 46,883
    c Excess from 2016.... 23,584
    d Excess from 2017....  
    e Excess from 2018.... 149,997
    Form 990-PF (2018)
    Form 990-PF (2018)
    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 2018, 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) 2018 (b) 2017 (c) 2016 (d) 2015
             
    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 foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    NONE
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    GRANT APPLICATIONS TO R SKERRY
    ONE CONANT STREET
    DANVERS,MA01923
    (978) 739-0211
    bThe form in which applications should be submitted and information and materials they should include:
    GRANT APPLICATIONS TO R. SKERRY https://www.peoples.com/about-us/community/charitable-giving
    cAny submission deadlines:
    GRANT APPLICATIONS TO R. SKERRY https://www.peoples.com/about-us/community/charitable-giving
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    GRANT APPLICATIONS TO R. SKERRY https://www.peoples.com/about-us/community/charitable-giving
    Form 990-PF (2018)
    Form 990-PF (2018)
    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
    AMERICAN TRAINING INC
    6 CAMPANELLI DR
    ANDOVER,MA01810     		N/A PC Day Services, Next Step to Career Success Turning 22 Workshops 10,000
    ANNA JAQUES COMMUNITY HEALTH FOUNDATION INC
    25 HIGHLAND AVE
    NEWBURYPORT,MA01950     		N/A SO I Providing Pre- and Post-natal Education program for Moms & Babies at Risk 15,000
    BAY STATE READING INSTITUTE
    11 FERN AVE
    AMESBURY,MA01913     		N/A PC Small Group Instruction for Success 7,500
    DANVERS HIGH SCHOOL
    64 CABOT ROAD
    DANVERS,MA01923     		N/A PC SCHOLARSHIP FUND 15,000
    BEVERLY BOOTSTRAPS COMMUNITY SERVICES INC
    35 PARK ST
    BEVERLY,MA01915     		N/A PC Adult Education Program 10,000
    BEVERLY SCHOOL FOR THE DEAF
    6 ECHO AVE
    BEVERLY,MA01915     		N/A PC Education of students who are Deaf, Hard of Hearing or have a physical disability 11,000
    BIRTHDAY WISHES INC
    11 HOMER ST
    NEWTON,MA02459     		N/A PC Birthday-in-a-Box Fulfillment and Delivery Program 10,000
    BISHOP FENWICK HIGH SCHOOL INC
    99 MARGIN ST
    PEABODY,MA01960     		N/A PC Sponsor a Student Project 5,000
    BOSTON HEALTH CARE FOR THE HOMELESS PROGRAM INC
    780 ALBANY ST
    BOSTON,MA02118     		N/A PC Life Essentials for Homeless Patients 12,500
    BOSTON PARTNERS IN EDUCATION INC
    44 FARNSWORTH ST
    BOSTON,MA02210     		N/A PC Accelerate Math Project 10,000
    BOSTON RESCUE MISSION INC
    PO BOX 120069
    BOSTON,MA02112     		N/A PC Safe Haven project 5,000
    BOSTON SENIOR HOME CARE INC
    89 S ST STE 501
    BOSTON,MA02111     		N/A PC Collaboration and Engagement in Supportive Housing 7,500
    BOSTON TRINITY ACADEMY INC
    17 HALE ST
    HYDE PARK,MA02136     		N/A PC Boston Trinity Academy Scholarship Fund 5,000
    BOYS AND GIRLS CLUBS OF BOSTON INC
    200 HIGH ST LBBY 3
    BOSTON,MA02110     		N/A PC Education Program 10,000
    BREAKTHROUGH GREATER BOSTON INC
    PO BOX 381486
    CAMBRIDGE,MA02238     		N/A PC Expanding Breakthrough's College Prep Institute to Boston 3,000
    BUILDING A BETTER BEVERLY INC
    191 CABOT ST
    BEVERLY,MA01915     		N/A PC Summer Literacy Program 20,000
    BUSINESSES UNITED IN INVESTING LENDING AND DEVELOP
    745 ATLANTIC AVE 8TH FL
    BOSTON,MA02111     		N/A PC Youth Entrepreneurship Program 10,000
    CARE DIMENSIONS INC
    75 SYLVAN ST B-102
    DANVERS,MA01923     		N/A PC Patient Ping 20,000
    CARITAS COMMUNITIES INC
    25 BRAINTREE HILL OFC PARK STE 2
    BRAINTREE,MA02184     		N/A PC Eastern Avenue, Chelsea: Bathroom Renovations Projects 10,000
    CHELSEA COLLABORATIVE INC
    318 BROADWAY
    CHELSEA,MA02150     		N/A PC Chelsea Works: Year-Round Youth Employment Initiative 5,000
    CHELSEA RESTORATION CORPORATION
    154 PEARL ST
    CHELSEA,MA02150     		N/A PC Downpayment Assistance Program for Chelsea City Employees 5,000
    CITIZENS INN INC
    81 MAIN ST
    PEABODY,MA01960     		N/A PC Haven from Hunger Renovation 10,000
    CITY MISSION INC
    14 BEACON ST STE 203
    BOSTON,MA02108     		N/A PC Homelessness Prevention Program, A Lift Up 5,000
    CITYSPROUTS INC
    678 MASSACHUSETTS AVE
    CAMBRIDGE,MA02139     		N/A PC CitySprouts Middle School Program 2,500
    COMMUNITY YOUNG MENS CHRISTIAN ASSOC OF DANVERS MA
    34 PICKERING ST
    DANVERS,MA01923     		N/A PC People's United Bank Cardio and Strength Training center 15,000
    COOPERATIVE ELDER SERVICES INC
    2352 MAIN ST STE 108
    CONCORD,MA01742     		N/A PC Registered Dietician Nutrition Program 2,500
    CREATIVE LIVING INC
    368 S MAIN ST
    ANDOVER,MA01810     		N/A PC GetAway Weekend/Escapadas de Fines de Semanas Program 1,500
    ENDICOTT COLLEGE
    376 HALE ST
    BEVERLY,MA01915     		N/A PC Raymond J Bourque Ice Arena Project 20,000
    ENDICOTT COLLEGE
    376 HALE ST
    BEVERLY,MA01915     		N/A PC Emergency Scholarship fund 5,000
    ENGLISH FOR NEW BOSTONIANS INC
    105 CHAUNCY ST STE 7
    BOSTON,MA02111     		N/A PC ESOL for Entrepreneurs Project 2,500
    ESSEX COUNTY COMMUNITY FOUNDATION INCORPORATED
    175 ANDOVER ST STE 101
    DANVERS,MA01923     		N/A PC Greater Lawrence Disaster Relief Fund 10,000
    ESSEX COUNTY COMMUNITY FOUNDATION INCORPORATED
    175 ANDOVER ST STE 101
    DANVERS,MA01923     		N/A PC Impact Essex County Initiative 20,000
    ESSEX COUNTY TRAIL ASSOCIATION INC
    PO BOX 358
    HAMILTON,MA01936     		N/A PC General Trail Maintenance Repair project from Extraordinary Damage from Winter and Early Spring Storms 10,000
    FAMILYAID BOSTON INC
    727 ATLANTIC AVE
    BOSTON,MA02111     		N/A PC HOMES, supportive affordable housing project 5,000
    FENWAY COMMUNITY DEVELOPMENT CORP
    70 BURBANK ST
    BOSTON,MA02115     		N/A PC Community Impact Program 10,000
    FENWAY COMMUNITY HEALTH CENTER INC
    1340 BOYLSTON ST
    BOSTON,MA02215     		N/A PC Access to Medical and Behavioral Healthcare for Underserved Youth 5,000
    FIDELITY HOUSE INC
    439 S UNION ST STE 401
    LAWRENCE,MA01843     		N/A PC Giving Tree Campaign 2,500
    FOR KIDS ONLY AFTERSCHOOL INCORPORATED
    194 ESSEX ST
    SALEM,MA01970     		N/A PC Count Me In! Afterschool Inclusion Project 5,000
    FRIENDS OF NORTHSHORE EDUCATION CONSORTIUM INC
    112 SOHIER RD
    BEVERLY,MA01915     		N/A SO I Campaign for Classroom Technology 10,000
    HARBORLIGHT COMMUNITY PARTNERS
    PO BOX 507
    BEVERLY,MA01915     		N/A PC Affordable Family Housing Renovations Project 15,000
    HAVEN PROJECT INC
    57 MUNROE ST
    LYNN,MA01901     		N/A PC Drop-in Center Expansion 2,500
    HEALTH CARE WITHOUT WALLS INC
    148 LINDEN ST STE 208
    WELLESLEY,MA02482     		N/A PC Bridges to Moms 5,000
    HEARTH INC
    1640 WASHINGTON ST
    BOSTON,MA02118     		N/A PC Hearth's Outreach Program 10,000
    HOUSING FAMILIES INC
    919 EASTERN AVE
    MALDEN,MA02148     		N/A PC GREAT Youth and Families Program (GYFP) 5,000
    IMMIGRANT LEARNING CENTER INC
    442 MAIN ST
    MALDEN,MA02148     		N/A PC The ILC Family Literacy Program and Citizenship Classes 2,500
    IMPROBABLE PLAYERS INC
    22 MOUNT AUBURN ST STE 5
    WATERTOWN,MA02472     		N/A PC Arts in Prevention: Focus on Malden Project 2,000
    JEANNE GEIGER CRISIS CENTER INC
    2 HARRIS ST
    NEWBURYPORT,MA01950     		N/A PC Community-based Services, including advocacy and support, therapeutic services, legal services, and youth empowerment programs 10,000
    JUSTICE RESOURCE INSTITUTE INC
    160 GOULD ST STE 300
    NEEDHAM,MA02494     		N/A PC Holiday Donation Fund 5,000
    LANDMARK SCHOOL INC
    429 HALE ST
    PRIDES CROSSING,MA01965     		N/A PC Landmark Outreach Summer Scholarships fund for Local Educators 10,000
    LAZARUS HOUSE INCORPORATED
    PO BOX 408
    LAWRENCE,MA01842     		N/A PC Opening Doors Out of Poverty through Education and Work Preparation 7,500
    LEAP FOR EDUCATION INC
    35 CONGRESS ST STE 102
    SALEM,MA01970     		N/A PC College Success Program 3,750
    LOCAL INITIATIVES SUPPORT CORPORATION
    95 BERKELEY ST STE 301
    BOSTON,MA02116     		N/A PC Affordable Housing and Neighborhood Revitalization 10,000
    MAB COMMUNITY SERVICES INC
    200 IVY ST
    BROOKLINE,MA02446     		N/A PC Peer and Volunteer Support for Individuals who are Visually Impaired 5,000
    MASSACHUSETTS COALITION FOR THE HOMELESS INC
    73 BUFFUM ST
    LYNN,MA01902     		N/A PC A Bed for Every Child 10,000
    MASSACHUSETTS RESTAURANT ASSOCIATION EDUCATIONAL F
    160 E MAIN ST STE 2
    WESTBOROUGH,MA01581     		N/A PC MRA Scholarship Fund 5,000
    MAY INSTITUTE INC
    41 PACELLA PARK DR
    RANDOLPH,MA02368     		N/A PC MAY You Be Healthy initiative at the May Center School for Autism and Developmental Disabilities in Wilmington 2,500
    MERRIMACK COLLEGE
    315 TPKE ST
    NORTH ANDOVER,MA01845     		N/A PC Student Lounge in Academic Pavilion Project 25,000
    MISSION OF DEEDS INC
    6 CHAPIN AVE
    READING,MA01867     		N/A PC Cribs & Beds Project 9,500
    MONTSERRAT COLLEGE OF ART INC
    23 ESSEX ST
    BEVERLY,MA01915     		N/A PC PC Lab 25,000
    MYSTIC VALLEY ELDER SERVICES INC
    300 COMMERCIAL ST STE 19
    MALDEN,MA02148     		N/A PC MVES Money Management Program 5,000
    NATIONAL BRAILLE PRESS INC
    88 SAINT STEPHEN ST
    BOSTON,MA02115     		N/A PC ReadBooks! Project 10,000
    NEW ENGLAND AQUARIUM CORPORATION
    CENTRAL WHARF
    BOSTON,MA02110     		N/A PC New England Aquarium Teacher Resource Center's Free to Learn Program 15,000
    NORTH SHORE COMMUNITY ACTION PROGRAMS INC
    119 REAR FOSTER ST
    PEABODY,MA01960     		N/A PC ESOL for Career Pathways Project 5,000
    NORTH SHORE COMMUNITY DEVELOPMENT COALITION INC
    96 LAFAYETTE ST
    SALEM,MA01970     		N/A PC Small Business Engagement project in Peabody and Salem 3,500
    PEER HEALTH EXCHANGE INC
    70 GOLD ST
    SAN FRANCISCO,CA94133     		N/A PC Empowering Teens to Make Healthy Decisions Project 10,000
    PINE STREET INN INC
    444 HARRISON AVE
    BOSTON,MA02118     		N/A PC Major Exterior Renovations at 459 Park Drive: A Building Ending Homelessness project in Boston 10,000
    PLUMMER YOUTH PROMISE INC
    37 WINTER ISLAND RD
    SALEM,MA01970     		N/A PC OnPoint Project 7,500
    PROFESSIONAL CENTER FOR HANDICAPPED CHILDREN INC
    32 OSGOOD ST
    ANDOVER,MA01810     		N/A PC Preschool and Therapeutic Group Expansion 5,000
    RAR-MA INC
    9B HAMILTON PL 3RD FL
    BOSTON,MA02108     		N/A PC Raising A Reader Chelsea/Revere Project 3,500
    ROOT NS INC
    35 CONGRESS ST STE 2350
    SALEM,MA01970     		N/A PC Youth Workforce Development Program 3,500
    SENIORCARE INC
    49 BLACKBURN CENTER
    GLOUCESTER,MA01930     		N/A PC Salad Bar for Beverly Senior Congregate Meal PROJECT 2,500
    SILVER LINING MENTORING INC
    727 ATLANTIC AVE 3RD FL
    BOSTON,MA02111     		N/A PC Integrated Services for Youth in Foster Care 5,000
    ST JOHN'S PREPARATORY SCHOOL
    72 SPRING ST
    DANVERS,MA01923     		N/A PC Scholarship fund and Student Achievement INITIATIVE 20,000
    STRONGWATER FARM THERAPEUTIC EQUESTRIAN CENTER INC
    500 LIVINGSTON ST
    TEWKSBURY,MA01876     		N/A PC Support for Adults with Disabilities 2,500
    SUMMER SEARCH BOSTON
    3840 WASHINGTON ST STE 2
    JAMAICA PLAIN,MA02130     		N/A PC Summer Search in Chelsea and Malden High Schools Program 5,000
    TAILORED FOR SUCCESS
    PO BOX 527
    MALDEN,MA02148     		N/A PC Professional Development Workshops 5,000
    TEACH FOR AMERICA - BOSTON
    60 CANAL ST 5TH FL
    BOSTON,MA02114     		N/A PC Great Teachers and Leaders for High Needs Students 5,000
    THE COMMUNITY HOUSE INC
    284 BAY RD
    SOUTH HAMILTON,MA01982     		N/A PC Stage 284 Youth Company Project 2,500
    THE MALDEN YOUNG MENS CHRISTIAN ASSOCIATION
    99 DARTMOUTH ST
    MALDEN,MA02148     		N/A PC Weekend Grocery Program 8,000
    THE NEIGHBORHOOD DEVELOPERS INC
    4 GERRISH AVE
    CHELSEA,MA02150     		N/A PC CONNECT's One-on-One Financial Coaching Program and Expansion Into Revere 7,500
    THE OPEN DOOR CAPE ANN FOOD PANTRY INC
    28 EMERSON AVE
    GLOUCESTER,MA01930     		N/A PC Good Nutrition Project for All Ages in Greater Ipswich 10,000
    THEATER OFFENSIVE INC
    565 BOYLSTON ST
    BOSTON,MA02116     		N/A PC True Colors: OUT Youth Theater Project 2,500
    TOWN OF DANVERS
    1 SYLVAN ST
    DANVERS,MA01923     		N/A GOV Danvers High School Athletic Complex Project 25,000
    TRI-TOWN COUNCIL ON YOUTH AND FAMILY SERVICES INC
    7 GROVE ST
    TOPSFIELD,MA01983     		N/A PC 2018 Youth Risk Behavior Survey 6,500
    TRIANGLE INC
    420 PEARL ST
    MALDEN,MA02148     		N/A PC EPIC Service Warriors 10,000
    VICTORY PROGRAMS INC
    965 MASSACHUSETTS AVE
    BOSTON,MA02118     		N/A PC Financial Empowerment Services 10,000
    VIETNAM VETERANS WORKSHOP INC
    17 COURT ST
    BOSTON,MA02108     		N/A PC Veterans Training School and Employment Services Program 3,500
    WELLSPRING HOUSE INC
    302 ESSEX AVE
    GLOUCESTER,MA01930     		N/A PC MediClerk Training Program 7,500
    WINDRUSH FARM THERAPEUTIC EQUITATION INC
    479 LACY ST
    NORTH ANDOVER,MA01845     		N/A PC Therapeutic Riding and Related Activities for Individuals with Special Needs 2,500
    WOMENS LUNCH PLACE INC
    PO BOX 170900
    BOSTON,MA02117     		N/A PC Healthy Meals Program 5,000
    WRITEBOSTON INC
    2300 WASHINGTON ST FL 6
    BOSTON,MA02119     		N/A PC Teens in Print Summer Journalism Institute: providing summer literacy and job training for low-income students 7,000
    YMCA OF THE NORTH SHORE INC
    245 CABOT ST
    BEVERLY,MA01915     		N/A PC Financial Assistance, Summer Learning Loss Prevention program, and the Legacy Gala at the YMCA of the North Shore 60,000
    YMCA OF THE NORTH SHORE INC
    245 CABOT ST
    BEVERLY,MA01915     		N/A PC Growing Greater Beverly YMCA Campaign to better serve the entire community 37,500
    YOUNG MENS CHRISTIAN ASSOCIATION OF METRO NORTH IN
    2 CENTENNIAL DR STE 4A
    PEABODY,MA01960     		N/A PC New Lynn YMCA Project 50,000
    YOUNG WOMENS CHRISTIAN ASSOCIATION OF MALDEN
    54 WASHINGTON ST
    MALDEN,MA02148     		N/A PC Makerspaces in Malden Project 10,000
    Total .................................bullet 3a 906,250
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2018)
    Form 990-PF (2018)
    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 3,927  
    4 Dividends and interest from securities....     14 531,223  
    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 ............     		    18 668,101  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   1,203,251  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,203,251
    (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 (2018)
    Form 990-PF (2018)
    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) (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) (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 (2018)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2018 CompensationExplanation
    Name:
    People's United Community Foundation of
     
    Eastern Massachusetts Inc
    EIN:
    26-0814452
    Person Name Explanation
    Richard Larkin *Removed from foudation in 2018

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

    TY 2018 DepreciationSchedule
    Name:
    People's United Community Foundation of
     
    Eastern Massachusetts Inc
    EIN:
    26-0814452
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

    TY 2018 InvestmentsCorpBondsSchedule
    Name:
    People's United Community Foundation of
     
    Eastern Massachusetts Inc
    EIN:
    26-0814452
    Name of Bond End of Year Book Value End of Year Fair Market Value
    21ST CENTY FOX AMER - 3.000% - 25,429 24,703
    ANHEUSER BUSCH INBEV BOND - 3. 29,919 28,279
    APPLE INC - 3.200% - 05/13/202 25,849 24,587
    AT&T INC BOND - 3.400% - 05/15 24,875 23,541
    BANK AMER CORP - 3.500% - 04/1 35,836 33,681
    BRISTOL MYERS SQUIBBCO - 3.250 41,050 39,032
    CISCO SYS INC NT - 2.950% - 02 25,036 23,837
    CITIGROUP INC SR GLBL -D NT - 25,577 24,825
    DU PONT E I DE NEMOURS & CO - 26,092 25,719
    GOLDMAN SACHS GROUP INC - 3.50 25,139 23,698
    MORGAN STANLEY - 4.000% - 07/2 25,923 24,664
    STATE STREET CORP - 3.100% - 0 50,147 49,131
    UNITEDHEALTH GROUP INC - 3.750 26,237 25,250
    VERIZON COMMUNICATIONS - 3.500 25,884 24,718
    WALT DISNEY CO - 3.150% - 09/1 25,382 24,396
    WELLS FARGO CO - 4.100% - 06/0 25,972 24,378

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    People's United Community Foundation of
     
    Eastern Massachusetts Inc
    EIN:
    26-0814452
    Name of Stock End of Year Book Value End of Year Fair Market Value
    AMERICAN ELECTRIC POWER INC 26,359 28,625
    AMERICAN WATER WORKS COMPANY I 18,420 21,240
    AMGEN INC 22,118 24,139
    APPLE INC 38,246 41,801
    AT&T, INC 25,605 20,406
    BANK OF AMERICA CORP 27,489 22,077
    BB&T CP 19,979 17,545
    BOEING CO 19,037 21,285
    CATERPILLAR INC 18,518 20,077
    CHEVRON CORP 22,712 21,758
    CISCO SYSTEMS INC 28,004 35,921
    COMCAST CORP 16,225 14,301
    CVS CAREMARK CORP 16,834 16,708
    ELI LILLY & CO 20,454 30,319
    EMERSON ELECTRIC CO 23,288 19,240
    FIDELITY FLOATING RATE HIGH IN 57,096 54,707
    FIDELITY SMALL CAP DISCOVRY 296,997 210,692
    GALLAGHER ARTHUR J & CO 21,996 26,827
    GERSTEIN FISHER MULTI FACTOR I 201,341 170,824
    GERSTEIN FISHER MULTI-FACTOR R 55,464 51,195
    HOME DEPOT INC 24,768 20,275
    HONEYWELL INTL 26,380 26,952
    INTEL CORP 23,376 27,172
    INTERNATIONAL BUSINESS MACHINE 27,314 20,120
    INTERNATIONAL PAPER CO 24,944 16,709
    ISHARES S&P 500 GROWTH INDEX F 201,974 220,430
    JOHNSON & JOHNSON 27,212 27,875
    JP MORGAN CHASE 37,522 40,415
    KELLOGG CO 21,639 16,989
    KIMBERLY CLARK CORP 13,713 12,875
    MCDONALD'S CORP 22,919 25,215
    MEDTRONIC PLC 20,477 23,559
    MERCK & CO INC 22,092 29,341
    MICROSOFT CORP 30,264 39,409
    OAKMARK INTERNATIONAL FUND 228,916 183,284
    OCCIDENTAL PETROLEUM CORP 18,208 14,056
    ONEOK INC 24,860 23,954
    OPPENHEIMER DEVELOPING MARKETS 218,391 220,946
    PAYCHEX 18,029 18,959
    PEOPLE'S UNITED FINANCIAL, INC 3,948,597 9,253,265
    PFIZER INC 22,289 27,849
    PHILLIPS 66 14,502 11,027
    PIMCO HIGH-YIELD INSTL 88,560 81,751
    PNC FINANCIAL GROUP INC 21,378 16,250
    PRINCIPAL MIDCAP FUND; R6 457,864 421,147
    PROCTER GAMBLE CO 24,589 26,197
    PUBLIC STORAGE INC 13,343 12,145
    ROYAL CARRIBEAN CRUISE 18,584 16,038
    ROYAL DUTCH SHEL PLC SPONS ADR 27,836 26,673
    T. ROWE PRICE INTERNATIONAL DI 49,462 39,374
    THE COCA-COLA CO 28,833 29,168
    TRAVELERS COMPANIES INC 19,566 16,885
    VANGUARD GNMA FUND ADMIRAL SHS 56,166 55,007
    VERIZON COMMUNICATIONS 19,531 19,846
    WASTE MANAGEMENT INC 24,008 28,388
    WELLS FARGO & CO 18,517 14,653
    WELLS FARGO PREMIER LARGE CO G 263,741 220,693
    WEYERHAEUSER CO 22,860 13,488
    WISDOM TREE EUROPE HEDGED EQUI 91,321 84,716
    ZIONS BANCORP 19,097 14,544

    TY 2018 InvestmentsGovtObligationsSch
    Name:
    People's United Community Foundation of
     
    Eastern Massachusetts Inc
    EIN:
    26-0814452
    US Government Securities - End of Year Book Value:

    487,712
    US Government Securities - End of Year Fair Market Value:

    479,983
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2018 OtherExpensesSchedule
    Name:
    People's United Community Foundation of
     
    Eastern Massachusetts Inc
    EIN:
    26-0814452
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Administrative Fees 27,500     27,500
    Bank Charges 1 1    
    Indemnification Insurance 2,017     2,017
    State or Local Filing Fees 269     269


    TY 2018 TaxesSchedule
    Name:
    People's United Community Foundation of
     
    Eastern Massachusetts Inc
    EIN:
    26-0814452
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    990-PF Estimated Tax for 2018 21,100      
    990-PF Extension for 2017 18,385