Form990-PF
Click to see attachment

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
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
THOMAS &ESTHER FLANAGAN CHARITABLE TRUST
 
Number and street (or P.O. box number if mail is not delivered to street address)NBT BANK - 52 SOUTH BROAD STREET
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NORWICH, NY13815
A Employer identification number

16-6043564
B Telephone number (see instructions)

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$2,526,224J 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)  
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 42,338 42,338  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 336,430
b Gross sales price for all assets on line 6a 986,375
7 Capital gain net income (from Part IV, line 2)... 336,430
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........ 378,768 378,768  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 2,725 545    
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 2,495 495    
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 list of attachments 2,732 2,482    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 7,952 3,522   0
25 Contributions, gifts, grants paid....... 110,550 110,550
26 Total expenses and disbursements. Add lines 24 and 25 118,502 3,522   110,550
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 260,266
b Net investment income (if negative, enter -0-) 375,246
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......... 54,886 28,937 28,937
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 321,879 Click to see attachment207,403 586,981
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 1,290,448 Click to see attachment1,691,139 1,910,306
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) 1,667,213 1,927,479 2,526,224
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances 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 1,667,213 1,927,479
29 Total net assets or fund balances (see instructions)..... 1,667,213 1,927,479
30 Total liabilities and net assets/fund balances (see instructions). 1,667,213 1,927,479
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
1,667,213
2
Enter amount from Part I, line 27a .....................
2
260,266
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
1,927,479
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
1,927,479
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 2841.986 American Beacon Large Cap P 2020-01-31 2020-12-11
b 912.409 DFA Emerging Mkts Portfolio P 2020-01-31 2020-12-11
c 293 Occidental Pete Corp P 2019-08-09 2020-01-03
d 1000 Abb Ltd Spons P 2014-08-15 2020-01-30
e 152 alcon Inc P 2004-09-28 2020-01-03
1000 Altria Group Inc P 1988-12-20 2020-01-30
24 Banco Santander SA P 2000-01-01 2020-04-09
1600 Bank of America Corp P 2014-06-25 2020-12-11
94.795 Cigna Corp P 1988-11-04 2020-01-30
85.205 Cigna Corp P 1988-11-04 2020-01-30
865.951 DFA Emerging Mkts Portfolio P 2018-08-09 2020-12-11
1780.627 DFA Emerging Mkts Portfolio P 2018-08-21 2020-12-11
933.707 DFA Global Real Estate Securities P 2018-08-21 2020-12-11
819 DFA US Micro Cap Portfolio P 2018-08-09 2020-12-11
601.685 DFA US Micro Cap Portfolio P 2018-08-21 2020-12-11
488.400 DFA US Small Cap Value Portfolio P 2018-08-09 2020-12-11
360.577 DFA US Small Cap Value Portfolio P 2018-08-21 2020-12-11
166 Dow Inc. Com P 2012-02-06 2020-01-30
166 Dupont De Nemours Inc P 2012-02-06 2020-01-30
3480 Enterprise Prods Partners LP P 1996-02-27 2020-01-30
300 FlexShares Mstar Glbl Upstrm P 2018-08-08 2020-12-11
500 Glaxo Smithkline Spons ADR P 2003-12-22 2020-01-30
500 Glaxo Smithkline Spons ADR P 2010-11-30 2020-01-30
681.199 Lazard Global Listed Infrastructure P 2018-08-09 2020-12-11
260 Novartis Ag spons ADR P 2004-09-28 2020-01-03
225 Philip Morris International P 1988-12-20 2020-02-06
775 Philip Morris International P 1988-12-20 2020-12-11
3517.824 Primecap Odyssey Growth Fund P 2018-08-21 2020-01-03
600 Wells Fargo P 2013-08-29 2020-01-30
1000 Xylem Inc P 2012-05-25 2020-01-30
capital gain distributions P 2000-01-01 2020-12-31
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 79,007   75,000 4,007
b 28,869   25,000 3,869
c 12,760   13,566 -806
d 23,360   22,830 530
e 8,655   4,323 4,332
47,302   1,932 45,370
59     59
45,602   24,779 20,823
18,549   1,053 17,496
16,672   946 15,726
27,399   25,000 2,399
56,339   50,000 6,339
10,000   10,495 -495
18,280   20,000 -1,720
13,430   15,000 -1,570
16,615   20,000 -3,385
12,267   15,000 -2,733
7,980   5,475 2,505
8,883   7,528 1,355
91,291   33,019 58,272
9,883   10,122 -239
23,480   22,395 1,085
23,480   19,149 4,331
10,000   11,301 -1,301
24,661   10,693 13,968
19,584   990 18,594
65,595   3,412 62,183
143,703   150,000 -6,297
28,332   24,968 3,364
82,788   25,969 56,819
11,550     11,550
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       4,007
b       3,869
c       -806
d       530
e       4,332
      45,370
      59
      20,823
      17,496
      15,726
      2,399
      6,339
      -495
      -1,720
      -1,570
      -3,385
      -2,733
      2,505
      1,355
      58,272
      -239
      1,085
      4,331
      -1,301
      13,968
      18,594
      62,183
      -6,297
      3,364
      56,819
      11,550
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 2 336,430
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 7,070
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 5,216
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 5,216
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 5,216
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 2,045
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 2,045
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 3,171
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet   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)
    bulletNY
    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 addressbulletN/A
    14
    The books are in care ofbulletNBT BANK Telephone no.bullet (607) 335-6193

    Located atbulletNORWICH NYNORWICHNY ZIP+4bullet13815
    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
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 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
    NBT BANK CO-TRUSTEE
    0.00     		0    
    52 SOUTH BROAD STREET
    NORWICH,NY13815
    MRS THOMAS M FLANAGAN CO-TRUSTEE
    0.00     		0    
    123 North Broad St
    NORWICH,NY13815
    PETER FLANAGAN CO-TRUSTEE
    0.00     		0    
    299 Preston Center Road
    OXFORD,NY13830
    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
    NONE
    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
    NONE
    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 PROVIDE GRANTS TO QUALIFYING ORGANIZATIONS FOR CHARITABLE, RELIGIOUS, EDUCATIONAL, SCIENTIFIC, LITERARY, ETC. PURPOSES. 0
    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
    2,398,459
    b
    Average of monthly cash balances.......................
    1b
    41,912
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    2,440,371
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    2,440,371
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    36,606
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    2,403,765
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    120,188
    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
    120,188
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    5,216
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    5,216
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    114,972
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    114,972
    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
    114,972
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    110,550
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    110,550
    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
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    110,550
    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 7 114,972
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 3,898
    b From 2016...... 6,624
    c From 2017...... 6,189
    d From 2018...... 10,630
    e From 2019...... 24,444
    fTotal of lines 3a through e........ 51,785
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 110,550
    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)........     		0
    d Applied to 2020 distributable amount..... 110,550
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2020. 4,422 4,422
    (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 47,363
    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) ...     		 
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		47,363
    10 Analysis of line 9:
    a Excess from 2016.... 6,100
    b Excess from 2017.... 6,189
    c Excess from 2018.... 10,630
    d Excess from 2019.... 24,444
    e Excess from 2020....  
    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).)
    MRS THOMAS M FLANAGAN
    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:
    NBT Bank
    52 South Broad St
    NORWICH,NY13815
    (607) 337-6193
    bThe form in which applications should be submitted and information and materials they should include:
    PREGRANT INQUIRY FORM OR LETTER - INCLUDE TAX CLASSIFICATION AND PURPOSE OF FUNDS TO BE USED.
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NONE
    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
    CHENANGO COUNTY COUNCIL ARTS
    27 W Main St 8
    NORWICH,NY13815     		NONE PUBLIC PROGRAM SPONSORSHIP 1,000
    WSKG PUBLIC BROADCASTING
    601 Gates Road
    Vestal,NY13850     		NONE PUBLIC GENERAL 200
    HOLY FAMILY SCHOOL
    17 Prospect Street
    NORWICH,NY13815     		NONE PUBLIC GENERAL 1,000
    COLORSCAPE CHENANGO ARTS FEST
    PO Box 624
    Norwich,NY13815     		NONE PUBLIC ARTS FESTIVAL 2,000
    CARE
    151 Ellis Street NE
    Atlanta,GA30303     		NONE PUBLIC GENERAL 1,000
    CHENANGO CTY UNITED WAY
    83 N Broad ST
    NORWICH,NY13815     		NONE PUBLIC GENERAL 850
    NORWICH JUNIOR FOOTBALL
    89 Midland Drive
    Norwich,NY13815     		NONE PUBLIC GENERAL 300
    HOSPICE CHENANGO COUNTY
    21 Hayes Street
    Norwich,NY13815     		NONE PUBLIC MEMORIALS 2,000
    NORWICH YMCA
    68-70 North Broad Street
    Norwich,NY13815     		NONE PUBLIC SCHOLARSHIP FD 5,600
    NORWICH CITY SCHOOL
    89 Midland Drive
    Norwich,NY13815     		NONE PUBLIC GENERAL 700
    THE FRESH AIR FUND
    633 Third Avenue 14th Floor
    New York,NY10017     		NONE PUBLIC GENERAL 500
    CHENANGO BLUES ASSOC
    54 Borden Ave B-22
    Norwich,NY13815     		NONE PUBLIC BLUES FEST 2,000
    ST BARTHOLOMEW ROMAN CATHOLIC CHURC
    73 East Main Street
    Norwich,NY13815     		NONE PUBLIC GENERAL 1,000
    CHASE COLLEGIATE SCHOOL
    565 Chase Parkway
    Waterbury,CT06708     		NONE PUBLIC GENERAL 100
    CHENANGO MEMORIAL HOSP
    179 N Broad Street
    Norwich,NY13815     		None PUBLIC GENERAL 53,600
    NORWICH BID MA
    One City Plaza PO Box 1127
    Norwich,NY13815     		None Public PUMPKIN FEST 2,500
    CONNECTICUT COLLEGE
    270 Mohegan Ave
    New London,CT06320     		None Public ANNUAL GIVING 1,000
    MERCERSBURG ACADEMY
    300 E Seminary Street
    Mercersburg,PA17236     		NONE PUBLIC ANNUAL FD 5,500
    WCNY
    415 W Fayette St
    SYRACUSE,NY13204     		NONE PUBLIC GENERAL 200
    ST PAUL'S ROMAN CATHOLIC CHURCH
    80 Pleasant St
    Norwich,NY13815     		NONE PUBLIC GENERAL 9,000
    OUR DAILY BREAD FOOD CLOSET
    37 West Main St
    Norwich,NY13815     		NONE PUBLIC GENERAL 1,200
    Chenango County Historical Society
    45 Rexford St
    Norwich,NY13815     		NONE PUBLIC General 1,750
    The Greater Norwich Foundation
    52 South Broad St
    Norwich,NY13815     		NONE PC General 2,000
    St Jude Children's Research Hospita
    501 St Jude Place
    Memphis,TN38105     		NONE   General 500
    The Smile Train
    PO Box 96231
    Washington,DC20090     		NONE   General 450
    Catholic Charities of Chenango City
    3 OHara Drive
    Norwich,NY13815     		NONE   General 1,650
    100
    22 E Main St
    Norwich,NY13815     		NONE   General 1,000
    Special Olympics New York Inc
    504 Balltown Rd
    Schenectady,NY12304     		NONE   General 500
    Loomis Chaffee Annual Fund
    4 Batchelder Rd
    Windsor,CT06095     		NONE   General 250
    Syracuse University
    820 Comstock Ave
    Syracuse,NY13244     		NONE   General 250
    The Cobb School
    112 Sand Hill Rd
    Simsbury,CT06070     		NONE   General 250
    Northeast Classic Car Museum
    24 Rexford St
    Norwich,NY13815     		NONE   General 2,000
    The EveningSunPennysaver Parade Acc
    PO Box 151 Parade of LIghts
    Norwich,NY13815     		NONE   General 1,000
    Water For South Sudan Inc
    PO Box 25551
    Rochester,NY14625     		NONE   General 500
    Union College
    807 Union St
    Schenectady,NY13208     		NONE   General 400
    Various
    Norwich
    Norwich,NY13815     		NONE   General 2,100
    Cornell Cooperative Extension
    100 S Salina St Suite 170
    Syracuse,NY13202     		None   General 500
    Norwich Catholic Community Soup Kit
    73 E Main St
    Norwich,NY13815     		None   General 500
    Mendelssohn Club of Albany
    90 Carstead Dr
    Slingerlands,NY12159     		None   General 500
    Earlville Opera House
    18 E Main St
    Earlville,NY13332     		None   General 200
    Friends of Rogers Environment
    2715 NY-80
    Sherburne,NY13460     		None   General 500
    The Ethel walker School
    230 Bushy Hill Rd
    Simsbury,CT06070     		None   General 250
    University of Vermont
    University of Vermont
    Burlington,VT05405     		None   General 250
    Edesia Inc
    500 Romano Vineyard Way
    North Kingstown,RI02852     		None   General 250
    Special Olympics Connecticut
    2666 State St 1
    Hamden,CT06517     		None   General 250
    St Pauls on the Green
    60 East Ave
    Norwalk,CT06851     		None   General 250
    Norwalk River Watershed Assn
    PO Box 7114
    Wilton,CT06897     		None   General 250
    Hook Ladder Co
    31 East Main St
    Norwich,NY13815     		None   General 500
    Preston Pryde Park
    County Rd 19
    Norwich,NY13815     		None   General 500
    Total .................................bullet 3a 110,550
    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    
    4 Dividends and interest from securities....     14 42,338  
    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 ............     		        336,430
    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)..   42,338 336,430
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    378,768
    (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: 20011551
    Software Version: 2020v4.0


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 AccountingFeesSchedule
    Name:
    THOMAS &ESTHER FLANAGAN CHARITABLE TRUST
    EIN:
    16-6043564
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREP 2,725 545 0 0

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    THOMAS &ESTHER FLANAGAN CHARITABLE TRUST
    EIN:
    16-6043564
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Name of Stock End of Year Book Value End of Year Fair Market Value
    1000 Altria Group Inc    
    1600 Bank of America Corp    
    175 Berkshire Hathaway Inc-Cl B 19,920 40,577
    300 Caterpillar Inc 26,694 54,606
    180 Cigna Corp New Com    
    300 Disney Walt Co New 19,477 54,354
    166 DowDuPont Inc    
    405 Ishares Nasdaq Biotech ETF 34,603 61,354
    535 Lowes Cos Inc 25,039 85,873
    692 Mondelez International Inc 920 40,461
    625 Oracle Corp 25,384 40,431
    600 Pepsico Inc 3,715 88,980
    1000 Philip Morris International    
    1000 TJX Cos Inc 26,553 68,290
    250 Union Pac Corp 25,098 52,055
    600 Wells Fargo & Co    
    1000 Xylem Inc    
    166 Corteva Inc C om    
    166 Dupont De Nemours Inc    
    293 Occidental Pete Corp    

    TY 2020 InvestmentsOtherSchedule2
    Name:
    THOMAS &ESTHER FLANAGAN CHARITABLE TRUST
    EIN:
    16-6043564
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    3480 Enterprise Prods Partners LP AT COST    
    1000 ABB Ltd Spons ADR AT COST    
    1000 Glaxo Smithkline Spons ADR AT COST    
    500 Novartis Ag Spons ADR AT COST 20,564 47,215
    24 Banco Santander SA AT COST    
    3517.824 Primecap Odyssey Growth Fund AT COST    
    4913.007 Diamond Hill Small-Mid Cap Fund AT COST 115,000 112,655
    345.047 Vanguard Mid-Cap Index Fund AT COST 75,000 88,470
    1420.685 DFA U.S. Micro Cap Portfolio AT COST    
    848.977 DFA U.S. Small Cap Value Port AT COST    
    3692 Dodge & Cox Intl Stock Fund AT COST 160,000 161,326
    2646.578 DFA Emerging Mkts Portfolio AT COST    
    2800 Flexshares Mstar Glbl Upstrm Nat AT COST 92,247 91,112
    7979 DFA Global Real Estate Sec. AT COST 89,505 85,775
    5607 Lazard Global Listed Infrastru AT COST 88,699 82,142
    152 Alcon Inc ORD Shs AT COST    
    1760.603 Fidelity 500 Index Fund AT COST 195,000 229,178
    1675 Ishares MSCI EAFE Growth ETF AT COST    
    9844 Fidelity Emerging Mkts Index Fund AT COST 100,000 125,411
    2343.75 Colombia Dividend Income AT COST 60,000 61,593
    3993.584 JP Morgan Large Cap Growth AT COST 170,000 240,174
    3104.305 Fidelity Small Cap Index AT COST 75,000 77,546
    2343.75 Colombia Dividend Income AT COST    
    1376 DFA Intl Small Company AT COST 25,000 27,903
    3534 Fidelity Intl AT COST 150,000 161,178
    1965 MSCI EAFE Growth Etf AT COST 160,124 198,288
    2752 JP Morgan Emerging Markets AT COST 115,000 120,340

    TY 2020 OtherExpensesSchedule
    Name:
    THOMAS &ESTHER FLANAGAN CHARITABLE TRUST
    EIN:
    16-6043564
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADR Fees 8 8    
    INVESTMENT FEES 2,474 2,474    
    NYS FILING FEE 250      


    TY 2020 TaxesSchedule
    Name:
    THOMAS &ESTHER FLANAGAN CHARITABLE TRUST
    EIN:
    16-6043564
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Foreign Taxes 495 495    
    IRS 2,000