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
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
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$12,933,012J 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) 51,513
2 Check bullet.............
3 Interest on savings and temporary cash investments 608 608  
4 Dividends and interest from securities... 542,765 542,765  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 2,894
b Gross sales price for all assets on line 6a 2,825,567
7 Capital gain net income (from Part IV, line 2)... 2,894
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........ 597,780 546,267  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages...... 41,210 1,483   39,727
15 Pension plans, employee benefits....... 10,303 371   9,932
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 5,800      
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 29,925     29,925
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 87,238 1,854   79,584
25 Contributions, gifts, grants paid....... 891,669 891,669
26 Total expenses and disbursements. Add lines 24 and 25 978,907 1,854   971,253
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -381,127
b Net investment income (if negative, enter -0-) 544,413
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
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......... 97,358 96,225 96,225
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) 575,481 Click to see attachment374,465 401,770
b Investments—corporate stock (attach schedule)....... 7,004,181 Click to see attachment6,907,799 11,905,651
c Investments—corporate bonds (attach schedule)....... 573,780 Click to see attachment491,184 529,366
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) 8,250,800 7,869,673 12,933,012
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 FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 8,250,800 7,869,673
29 Total net assets or fund balances (see instructions)..... 8,250,800 7,869,673
30 Total liabilities and net assets/fund balances (see instructions). 8,250,800 7,869,673
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 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
8,250,800
2
Enter amount from Part I, line 27a .....................
2
-381,127
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
7,869,673
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 29 .
6
7,869,673
Form 990-PF (2020)
Form 990-PF (2020)
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 2,825,567   2,822,673 2,894
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       2,894
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 2,894
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
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
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 for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 7,567
c All other domestic foundations enter 1.39% 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 7,567
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 7,567
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 13,000
b Exempt foreign organizations—tax withheld at source...... 6b 0
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 13,000
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 5,433
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet5,433 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 the instructions
for the 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 2020 or the taxable year beginning in 2020? 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 (2020)
    Form 990-PF (2020)
    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 2020, 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 2020?.............
    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 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    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 2020 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 2020.)..................
    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 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    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
     
     
    .........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 Bottomley Pres, Dir, Chair
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Diane C Brinkley Dir
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    John Doucette Dir
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Bruce Figueroa Dir
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Thomas Ford Clerk, Dir, Sec
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Jack Good III Dir
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Anna Maria Greener Dir, Treas
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Matt Hegarty Dir
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Eleanor M Hersey Dir
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    J Michael O'Brien Dir
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Diane T Stringer Dir
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Patrick Sullivan 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 (2020)
    Form 990-PF (2020)
    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 (2020)
    Form 990-PF (2020)
    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
    11,855,347
    b
    Average of monthly cash balances.......................
    1b
    235,899
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    12,091,246
    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
    12,091,246
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    181,369
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    11,909,877
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    595,494
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    595,494
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    7,567
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    7,567
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    587,927
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    587,927
    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
    587,927
    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
    971,253
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    971,253
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    971,253
    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 (2020)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7 587,927
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only.......  
    b Total for prior years:2018, 2017, 2016  
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 46,883
    b From 2016...... 23,584
    c From 2017......  
    d From 2018...... 149,997
    e From 2019...... 219,949
    fTotal of lines 3a through e........ 440,413
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 971,253
    a Applied to 2019, 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 2020 distributable amount..... 587,927
    e Remaining amount distributed out of corpus 383,326
    5 Excess distributions carryover applied to 2020.    
    (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 5 823,739
    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 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		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 2015 not
    applied on line 5 or line 7 (see instructions) ...     		46,883
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		776,856
    10 Analysis of line 9:
    a Excess from 2016.... 23,584
    b Excess from 2017....  
    c Excess from 2018.... 149,997
    d Excess from 2019.... 219,949
    e Excess from 2020.... 383,326
    Form 990-PF (2020)
    Form 990-PF (2020)
    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 2020, 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) 2020 (b) 2019 (c) 2018 (d) 2017
             
    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 (2020)
    Form 990-PF (2020)
    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
    ACTION FOR BOSTON COMMUNITY DEVELOPMENT
    178 TREMONT ST
    BOSTON,MA02111     		N/A PC General & Unrestricted 10,000
    ALLSTON BRIGHTON COMM DEV CORP
    18R SHEPARD ST UNIT 100
    BRIGHTON,MA02135     		N/A PC General & Unrestricted 5,000
    ANNA JAQUES COMMUNITY HEALTH FOUNDATION INC
    25 HIGHLAND AVE
    NEWBURYPORT,MA01950     		N/A SO I General & Unrestricted 10,000
    ASIAN COMMUNITY DEVELOPMENT CORP
    38 OAK ST
    BOSTON,MA02111     		N/A PC General & Unrestricted 5,000
    BAY STATE READING INSTITUTE
    11 FERN AVE
    AMESBURY,MA01913     		N/A PC General & Unrestricted 7,500
    BEVERLY BOOTSTRAPS COMMUNITY SERVICES INC
    35 PARK ST
    BEVERLY,MA01915     		N/A PC General Operating expenses 10,000
    BEVERLY CHILDRENS LEARNING CENTERS INC
    550 CABOT ST
    BEVERLY,MA01915     		N/A PC General & Unrestricted 5,000
    BEVERLY SCHOOL FOR THE DEAF
    6 ECHO AVE
    BEVERLY,MA01915     		N/A PC General & Unrestricted 6,169
    BIRTHDAY WISHES INC
    24 SUPERIOR DR
    NATICK,MA01760     		N/A PC General & Unrestricted 5,000
    BISHOP FENWICK HIGH SCHOOL INC
    99 MARGIN ST
    PEABODY,MA01960     		N/A PC General & Unrestricted 8,000
    BOSTON HEALTH CARE FOR THE HOMELESS PROGRAM INC
    780 ALBANY ST
    BOSTON,MA02118     		N/A PC General & Unrestricted 20,000
    BOSTON SENIOR HOME CARE INC
    89 S ST STE 501
    BOSTON,MA02111     		N/A PC General & Unrestricted 7,500
    BOSTON TRINITY ACADEMY INC
    17 HALE ST
    BOSTON,MA02136     		N/A PC General & Unrestricted 5,000
    BOYS AND GIRLS CLUB OF GREATER SALEM INC
    GREATER SALEM 13 HAWTHORNE BOULEVAR
    SALEM,MA01970     		N/A PC General & Unrestricted 10,000
    BOYS AND GIRLS CLUBS OF BOSTON INC
    200 HIGH ST LBBY 3
    BOSTON,MA02110     		N/A PC Education Program 10,000
    BREAD OF LIFE INC
    54 EASTERN AVE REAR
    MALDEN,MA02148     		N/A PC General & Unrestricted 6,500
    BREAKTHROUGH GREATER BOSTON INC
    PO BOX 381486
    CAMBRIDGE,MA02238     		N/A PC General & Unrestricted 3,500
    BREAKTIME CAFE INC
    471 WASHINGTON ST RM 2
    WELLESLEY,MA02482     		N/A PC Breaktime Double Impact Initiative 2,500
    BUILDING A BETTER BEVERLY INC
    191 CABOT ST
    BEVERLY,MA01915     		N/A PC General & Unrestricted 20,000
    BUSINESSES UNITED IN INVESTING LENDING AND DEVELOP
    745 ATLANTIC AVE 8TH FL
    BOSTON,MA02111     		N/A PC Youth Entrepreneurship Program 8,500
    CARE DIMENSIONS INC
    75 SYLVAN ST B-102
    DANVERS,MA01923     		N/A PC Tele-Medical Rapid Scale-Up 25,000
    CARITAS COMMUNITIES INC
    25 BRAINTREE HILL OFC PARK STE
    BRAINTREE,MA02184     		N/A PC Emergency Assistance fund for General Operating Expenses due to COVID-19 Crisis 10,000
    CATHOLIC CHARITABLE BUREAU OF THE ARCHDIOCESE OF B
    275 W BROADWAY
    SOUTH BOSTON,MA02127     		N/A PC General & Unrestricted 3,000
    CITIZENS INN INC
    81 MAIN ST
    PEABODY,MA01960     		N/A PC HAVEN FROM HUNGER 10,000
    CITY MISSION INC
    14 BEACON ST STE 203
    BOSTON,MA02108     		N/A PC A Lift Up, Homelessness Prevention Program 5,000
    COMMUNITY GIVING TREE INC
    572 B MAIN ST
    BOXFORD,MA01921     		N/A PC Greater Lawrence Community Expansion 3,500
    COMMUNITY YOUNG MENS CHRISTIAN ASSOC OF DANVERS MA
    34 PICKERING ST
    DANVERS,MA01923     		N/A PC Health and Wellness Center 12,500
    ECONOMIC EMPOWERMENT TRUST FUND
    1 ASHBURTON PL 12TH FL
    BOSTON,MA02108     		N/A PC General & Unrestricted 10,000
    ECONOMIC MOBILITY PATHWAYS INC
    1 WASHINGTON MALL 3RD FL
    BOSTON,MA02108     		N/A PC General & Unrestricted 6,000
    EDUCATION NOW 20 INC
    421 LINEBROOK RD
    IPSWICH,MA01938     		N/A PC Tiny tiny Houses Now: On Demand Online In-Service Teacher Training 5,000
    ENGLISH AT LARGE INC
    800 W CUMMINGS PARK STE 5550
    WOBURN,MA01801     		N/A PC General & Unrestricted 2,500
    ENGLISH FOR NEW BOSTONIANS INC
    105 CHAUNCY ST 4TH FL
    BOSTON,MA02111     		N/A PC ENGLISH FOR IMMIGRANT ENTREPRENEURS PROGRAM 6,000
    ESSEX COUNTY COMMUNITY FOUNDATION INCORPORATED
    175 ANDOVER ST STE 101
    DANVERS,MA01923     		N/A PC Essex County COVID-19 Response Fund 25,000
    ESSEX COUNTY COMMUNITY FOUNDATION INCORPORATED
    175 ANDOVER ST STE 101
    DANVERS,MA01923     		N/A PC Impact Essex County (IEC)/Empowering Economic Opportunity (EEO) 25,000
    FAMILYAID BOSTON INC
    3815 WASHINGTON ST
    BOSTON,MA02130     		N/A PC Preventing Family Homelessness 6,000
    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 General & Unrestricted 5,000
    FOOD PROJECT INC
    10 LEWIS ST
    LINCOLN,MA01773     		N/A PC Cultivating Communities: Youth Leadership through Sustainable Agriculture 4,000
    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 General & Unrestricted 10,000
    HARBORLIGHT COMMUNITY PARTNERS
    PO BOX 507
    BEVERLY,MA01915     		N/A PC Renovations to Family Housing 7,500
    HAVEN PROJECT INC
    57 MUNROE ST
    LYNN,MA01901     		N/A PC Homeless Young Adult Client Services 3,500
    HEALING ABUSE WORKING FOR CHANGE INC
    27 CONGRESS ST
    SALEM,MA01970     		N/A PC General & Unrestricted 5,000
    HEALTH CARE WITHOUT WALLS INC
    148 LINDEN ST STE 208
    WELLESLEY,MA02482     		N/A PC Bridges to Moms 5,000
    HORIZONS FOR HOMELESS CHILDREN INC
    1705 COLUMBUS AVE
    ROXBURY,MA02119     		N/A PC General & Unrestricted 10,000
    HOUSING FAMILIES INC
    919 EASTERN AVE
    MALDEN,MA02148     		N/A PC General & Unrestricted 5,000
    IMMIGRANT LEARNING CENTER INC
    442 MAIN ST
    MALDEN,MA02148     		N/A PC The Immigrant Learning Center's Youth Board 2,500
    JEANNE GEIGER CRISIS CENTER INC
    2 HARRIS ST
    NEWBURYPORT,MA01950     		N/A PC Community-based Services: advocacy and support, therapeutic services, legal services, and youth empowerment programs 10,000
    LAZARUS HOUSE INCORPORATED
    PO BOX 408
    LAWRENCE,MA01842     		N/A PC General & Unrestricted 7,500
    LOCAL INITIATIVES SUPPORT CORPORATION
    95 BERKELEY ST STE 301
    BOSTON,MA02116     		N/A PC Faith-Based Housing Development Program 7,500
    MASSACHUSETTS COALITION FOR THE HOMELESS INC
    73 BUFFUM ST
    LYNN,MA01902     		N/A PC A Bed for Every Child INITIATIVE 10,000
    MERRIMACK COLLEGE
    315 TPKE ST
    NORTH ANDOVER,MA01845     		N/A PC TRANSFORMING ACCESS TO HIGHER EDUCATION: THE ESTABLISHMENT OF THE PIONEER SCHOLARSHIP FUND 10,000
    MISSION OF DEEDS INC
    6 CHAPIN AVE
    READING,MA01867     		N/A PC Cribs & Beds Project 5,000
    MONTSERRAT COLLEGE OF ART INC
    23 ESSEX ST
    BEVERLY,MA01915     		N/A PC General & Unrestricted 25,000
    MORGAN MEMORIAL GOODWILL INDUSTRIES INC
    1010 HARRISON AVE
    BOSTON,MA02119     		N/A PC GOODWILL...LOTS MORE TO ACCOMPLISH! CAPITAL CAMPAIGN 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 General & Unrestricted 10,000
    NEW ENGLAND CENTER FOR ARTS & TECHNOLOGY INC
    23 BRADSTON ST
    BOSTON,MA02118     		N/A PC Culinary Arts Job Training PROGRAM 3,000
    NEW ENGLAND HOMES FOR THE DEAF INC
    154 WATER ST
    DANVERS,MA01923     		N/A PC General & Unrestricted 2,500
    NORTH SHORE COMMUNITY COLLEGE FOUNDATION INC
    1 FERNCROFT RD
    DANVERS,MA01923     		N/A PC General & Unrestricted 10,000
    NORTH SHORE COMMUNITY DEVELOPMENT COALITION INC
    96 LAFAYETTE ST
    SALEM,MA01970     		N/A PC SMALL BUSINESS ENGAGEMENT PROJECT 5,000
    NORTHEAST HOSPITAL CORPORATION
    85 HERRICK ST
    BEVERLY,MA01915     		N/A PC General & Unrestricted 10,000
    PATHWAYS FOR CHILDREN INC
    29 EMERSON AVE
    GLOUCESTER,MA01930     		N/A PC Family Support Programs 5,000
    PEER HEALTH EXCHANGE INC
    100 WEBSTER ST STE 300
    OAKLAND,CA94607     		N/A PC General & Unrestricted 7,500
    PINE STREET INN INC
    444 HARRISON AVE
    BOSTON,MA02118     		N/A PC General & Unrestricted 10,000
    PLUMMER YOUTH PROMISE INC
    37 WINTER ISLAND RD
    SALEM,MA01970     		N/A PC General & Unrestricted 7,500
    PROFESSIONAL CENTER FOR HANDICAPPED CHILDREN INC
    32 OSGOOD ST
    ANDOVER,MA01810     		N/A PC Improving Telehealth Access for Low-Income Families program 2,500
    PROJECT HOME AGAIN
    PO BOX 1236
    ANDOVER,MA01810     		N/A PC General & Unrestricted 5,000
    RAR-MA INC
    3 SCHOOL ST NO 3
    BOSTON,MA02108     		N/A PC General & Unrestricted 3,500
    ROOM TO GROW NATIONAL INC
    424 E 147TH ST FL 5
    BRONX,NY10455     		N/A PC Clinical Program 3,500
    ROOT NS INC
    35 CONGRESS ST STE 2350
    SALEM,MA01970     		N/A PC General & Unrestricted 7,500
    SALEM MISSION INC
    PO BOX 810
    SALEM,MA01970     		N/A PC Lifebridge North Shore Community Meals Program 10,000
    SENIORCARE INC
    49 BLACKBURN CENTER
    GLOUCESTER,MA01930     		N/A PC Side Salad Supplement to Nutrition Program 3,500
    ST JOHN'S PREPARATORY SCHOOL
    72 SPRING ST
    DANVERS,MA01923     		N/A PC Transformational Tuition Assistance Scholarships fund for Middle-Income Families 40,000
    SUMMER SEARCH BOSTON
    3840 WASHINGTON ST STE 2
    JAMAICA PLAIN,MA02130     		N/A PC General & Unrestricted 10,000
    TAILORED FOR SUCCESS
    PO BOX 527
    MALDEN,MA02148     		N/A PC Reimagine Your Career Webinar Series 3,000
    TEACH FOR AMERICA - BOSTON
    60 CANAL ST 5TH FL
    BOSTON,MA02114     		N/A PC General & Unrestricted 5,000
    THE HOME FOR LITTLE WANDERERS INC
    10 GUEST ST STE 3
    BOSTON,MA02135     		N/A PC General & Unrestricted 10,000
    THE MALDEN YOUNG MENS CHRISTIAN ASSOCIATION
    99 DARTMOUTH ST
    MALDEN,MA02148     		N/A PC General & Unrestricted 10,000
    THE NEIGHBORHOOD DEVELOPERS INC
    4 GERRISH AVE
    CHELSEA,MA02150     		N/A PC CONNECT's One-on-One Financial Coaching Program 6,000
    THE OPEN DOOR CAPE ANN FOOD PANTRY INC
    28 EMERSON AVE
    GLOUCESTER,MA01930     		N/A PC General & Unrestricted 7,500
    THE SALEM PANTRY INC
    PO BOX 295
    SALEM,MA01970     		N/A PC General Operating Fund 5,000
    THEATER OFFENSIVE INC
    565 BOYLSTON ST
    BOSTON,MA02116     		N/A PC True Colors: OUT Youth Theater 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 General & Unrestricted 3,500
    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 Family Financial Empowerment and Job Readiness 10,000
    VIETNAM VETERANS WORKSHOP INC
    17 COURT ST
    BOSTON,MA02108     		N/A PC Veterans Training and Employment Services Program 3,500
    VNA CARE NETWORK INC
    120 THOMAS ST
    WORCESTER,MA01608     		N/A PC General & Unrestricted 7,500
    WELLSPRING HOUSE INC
    302 ESSEX AVE
    GLOUCESTER,MA01930     		N/A PC The MediClerk Training Program 7,500
    WOMENS LUNCH PLACE INC
    PO BOX 170900
    BOSTON,MA02117     		N/A PC Food Insecurity/Healthy Meals Program 5,000
    WRITEBOSTON INC
    2300 WASHINGTON ST FL 6
    BOSTON,MA02119     		N/A PC Teens in Print Summer Journalism Institute: summer literacy and job training program for low-income students 5,000
    YMCA OF THE NORTH SHORE INC
    245 CABOT ST
    BEVERLY,MA01915     		N/A PC General & Unrestricted 25,000
    YMCA OF THE NORTH SHORE INC
    245 CABOT ST
    BEVERLY,MA01915     		N/A PC Growing the Greater Beverly Y to better serve the entire community Campaign 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
    Total .................................bullet 3a 891,669
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2020)
    Form 990-PF (2020)
    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 ...........     		    14 608  
    4 Dividends and interest from securities....     14 542,765  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 2,894  
    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)..   546,267  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    546,267
    (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 (2020)
    Form 990-PF (2020)
    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 instructions.
    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 (2020)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2020
    Name of the organization
    People's United Community Foundation of
    Eastern Massachusetts Inc
    Employer identification number

    26-0814452
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020) Page 2
    Name of organization
    People's United Community Foundation of
    Eastern Massachusetts Inc         		Employer identification number
    26-0814452
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    People's United Financial Inc
    850 MAIN STREET
     
    Bridgeport, CT06604

    		$ 51,513


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

    		$  


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

    		$  


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

    		$  


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

    		$  


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

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 3
    Name of organization
    People's United Community Foundation of
    Eastern Massachusetts Inc         		Employer identification number

    26-0814452
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 PAYROLL EXPENSE AND RELATED BENEFITS PAID ON BEHALF OF THE FOUNDATION $ 51,513 2020-12-31
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 4
    Name of organization
    People's United Community Foundation of
    Eastern Massachusetts Inc         		Employer identification number

    26-0814452
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Additional Data


    Software ID:  
    Software Version:  

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

    TY 2020 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 2020 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
    3M CO NOTE - 2.375% - 08/26/20 34,811 37,871
    AT&T INC BOND - 3.400% - 05/15 24,875 27,786
    BANK AMER CORP - 3.500% - 04/1 35,631 39,667
    BLACKROCK INC NOTE CALL MAKE W 24,911 26,168
    BP CAP MKTS - 3.633% - 04/06/2 28,968 29,124
    BRISTOL MYERS SQUIBB CO - 3.25 40,883 45,213
    CITIGROUP INC - 4.412% - 03/31 29,986 30,317
    COMCAST CORP NT - 3.150% - 02/ 30,655 33,858
    EXXON MOBIL CORP NOTE - 3.482% 28,335 29,075
    GOLDMAN SACHS GROUP INC - 3.50 25,101 27,592
    JP MORGAN CHASE - 3.509% - 01/ 31,573 34,119
    MORGAN STANLEY - 3.622% - 04/0 34,407 34,893
    ORACLE CORP NOTE - 3.250% - 11 30,315 34,233
    SHELL INTERNATIONAL - 2.375% - 39,717 43,019
    WALT DISNEY CO - 3.150% - 09/1 25,263 27,770
    WELLS FARGO CO - 4.100% - 06/0 25,753 28,661

    TY 2020 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
    ABBOTT LABS 19,683 21,241
    ACCENTURE PLC 16,768 19,591
    ADOBE SYSTEMS, INC 22,876 26,006
    ALPHABET INC CL A 18,443 21,032
    ALPHABET INC CL C 19,955 22,774
    AMAZON COM 43,072 45,597
    AON PLC CL A 17,393 17,747
    APPLE INC 44,213 84,524
    AVERY DENNISON CORP 15,269 19,544
    BAILLIE GIFFORD INTERNATIONAL 125,069 157,207
    BANK OF AMERICA CORP 15,015 15,882
    BERKSHIRE HATHAWAY INC. CLASS 12,821 15,303
    BEST BUY INC 9,252 13,771
    BLACKROCK STRAT INC OPP PORTFO 25,000 25,317
    CHEVRON CORP 15,101 12,245
    CHURCH & DWIGHT 13,461 12,997
    COHEN & STEERS INSTITUTIONAL R 52,912 57,219
    CONOCOPHILLIPS 8,391 8,798
    COSTCO WHOLESALE CORPORATION 20,504 23,737
    DANAHER CORP 26,558 29,100
    DOLLAR GENERAL CORP 14,188 15,562
    DOVER CORP 15,045 15,276
    ECOLAB INC 16,444 18,607
    EDWARDS LIFESCIENCES 15,482 17,881
    ELECTRONIC ARTS 10,530 10,914
    ESTEE LAUDER COMPANIES INC 13,353 14,108
    FACEBOOK INC 21,774 25,404
    FASTENAL COMPANY 11,281 13,184
    FISERV INC 12,667 14,346
    HOME DEPOT INC 22,896 28,687
    HONEYWELL INTL 20,251 29,991
    ILLINOIS TOOL WORKS 19,190 21,000
    INVESCO OPPENHEIMER DEVELOPING 186,945 252,515
    ISHARES NASDAQ BIOTECHNOLOGY 18,587 20,451
    ISHARES RUSSELL 2000 80,574 127,635
    ISHARES RUSSELL 2000 GROWTH IN 79,991 130,449
    ISHARES S&P 500 GROWTH INDEX F 77,762 128,087
    ISHARES S&P MIDCAP 400 BARRA V 230,238 248,113
    JOHNSON & JOHNSON 13,693 16,053
    JP MORGAN CHASE 19,416 23,762
    LAMAR ADVERTISING CO CL A REIT 11,167 12,566
    LAMB WESTON HOLDINGS INC 9,212 12,126
    LOCKHEED MARTIN CORP 10,003 10,294
    MARSH AND MCLENNAN COMPANIES I 10,976 10,998
    MATTHEWS CHINA INST 101,842 105,161
    MCDONALD'S CORP 7,774 9,871
    MFS VALUE I 222,713 249,481
    MICROSOFT CORP 46,948 67,838
    MSCI INC 18,646 22,327
    NASDAQ OMX GROUP 13,873 14,203
    NEXTERA ENERGY, INC 22,229 24,379
    NIKE INC-CL B 14,542 21,221
    NRG ENERGY 8,151 9,050
    ONEOK INC 7,167 4,913
    PAYPAL HOLDINGS, INC 16,753 20,375
    PEOPLE'S UNITED FINANCIAL, INC 3,948,597 8,291,389
    PEPSICO INC 14,441 15,572
    PIMCO HIGH-YIELD INSTL 96,585 97,936
    PIMCO INVESTMENT GRADE CORP BD 25,000 25,089
    PRINCIPAL MIDCAP FUND; R6 172,403 241,688
    PROGRESSIVE CORP OHIO 13,171 14,733
    QORVO INC 11,714 15,131
    T. ROWE PRICE INTERNATIONAL DI 31,244 41,137
    TEXAS INSTRUMENTS INC 18,126 22,814
    THERMO FISHER SCIENTIFIC INC 23,429 26,549
    TJX COMPANIES INC 12,107 15,980
    TRANE TECHNOLOGIES PLC 9,903 12,919
    UNION PACIFIC 16,614 19,989
    UNITEDHEALTH GROUP INC 22,940 26,301
    VANGUARD DEVELOPED MARKETS IDX 115,614 158,825
    VANGUARD GNMA FUND ADMIRAL SHS 174,229 178,141
    VANGUARD MORTGAGE-BACKED SECS 80,000 79,558
    VERIZON COMMUNICATIONS 10,999 11,633
    VISA INC 27,781 31,278
    WALT DISNEY HOLDINGS CO 10,202 15,944
    WELLS FARGO PREMIER LARGE CO G 82,938 118,119
    ZOETIS INC 25,703 28,466

    TY 2020 InvestmentsGovtObligationsSch
    Name:
    People's United Community Foundation of
     
    Eastern Massachusetts Inc
    EIN:
    26-0814452
    US Government Securities - End of Year Book Value:

    374,465
    US Government Securities - End of Year Fair Market Value:

    401,770
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2020 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 27,639     27,639
    Indemnification Insurance 2,017     2,017
    State or Local Filing Fees 269     269


    TY 2020 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 2020 5,800