Form990-PF
Click to see list of attachments

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2018
Open to Public Inspection
For calendar year 2018, or tax year beginning 01-01-2018 , and ending 12-31-2018
Name of foundation
BERKSHIRE BANK FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 1308
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PITTSFIELD, MA01202
A Employer identification number

04-3365869
B Telephone number (see instructions)

(413) 236-3733
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$26,844,570J 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) 2,000,000
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 679,790 679,790  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,624,445
b Gross sales price for all assets on line 6a 16,599,561
7 Capital gain net income (from Part IV, line 2)... 1,624,445
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........ 4,304,235 2,304,235  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 185,885     185,885
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 12,500     12,500
c Other professional fees (attach schedule).... Click to see attachment 165,774 138,886   26,888
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 22,228 676    
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 262,678     262,678
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 649,065 139,562   487,951
25 Contributions, gifts, grants paid....... 2,744,728 2,406,927
26 Total expenses and disbursements. Add lines 24 and 25 3,393,793 139,562   2,894,878
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 910,442
b Net investment income (if negative, enter -0-) 2,164,673
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2018)
Form 990-PF (2018)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 1,058,550 244,042 244,042
3 Accounts receivable bullet253,028
Less: allowance for doubtful accounts bullet     253,028 253,028
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.......... 27,288 5,736 5,736
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 23,178,540 Click to see attachment25,040,801 26,235,728
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment101,749 Click to see attachment106,036 Click to see attachment106,036
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 24,366,127 25,649,643 26,844,570
Liabilities 17 Accounts payable and accrued expenses.......... 26,210 28,938
18 Grants payable................. 448,737 819,083
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)......... 474,947 848,021
Net Assets or Fund Balances Foundations that follow SFAS 117, check here bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................. 23,891,180 24,801,622
25 Temporarily restricted...............    
26 Permanently restricted...............    
Foundations that do not follow SFAS 117, check here bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)..... 23,891,180 24,801,622
31 Total liabilities and net assets/fund balances (see instructions). 24,366,127 25,649,643
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree with end-of-year figure reported on prior year’s return) ...............
1
23,891,180
2
Enter amount from Part I, line 27a .....................
2
910,442
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
24,801,622
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
24,801,622
Form 990-PF (2018)
Form 990-PF (2018)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a 28321 Virtus Classic SEIX Floating Rate High Income Fund P 2017-01-01 2018-01-01
b 1735 Ishares 3-7 Year Treasury Bond P 2017-01-01 2018-01-01
c 2555 Ishares MBS P 2017-01-01 2018-01-01
d 1430 Ishares Intermediate Corporate Bond P 2017-01-01 2018-01-01
e 840 Vanguard Short-term Corporate Bond P 2017-01-01 2018-01-01
16 Allergan PLC P 2017-01-01 2018-01-01
307 AMC Network Inc P 2017-01-01 2018-01-01
56 Apple Inc P 2017-01-01 2018-01-01
383 Applied Materials P 2017-01-01 2018-01-01
72 BAE Systems PLC P 2017-01-01 2018-01-01
152 Bank of America Corp P 2017-01-01 2018-01-01
10 Blackrock Inc. P 2017-01-01 2018-01-01
13 Chubb Corp P 2017-01-01 2018-01-01
10 Citigroup P 2017-01-01 2018-01-01
12 Cummins Inc P 2017-01-01 2018-01-01
45 Danaher Corp P 2017-01-01 2018-01-01
37 Delta Air Lines Inc P 2017-01-01 2018-01-01
371 Dish Network Corp P 2017-01-01 2018-01-01
55 Disney Walt Co P 2017-01-01 2018-01-01
25 Dominion Energy, Inc P 2017-01-01 2018-01-01
6 Exxon Mobil Corp P 2017-01-01 2018-01-01
129 Facebook Inc P 2017-01-01 2018-01-01
12 Fortive Corp P 2017-01-01 2018-01-01
9.5 Garrett Motion, Inc. P 2017-01-01 2018-01-01
5 Gilead Sciences Inc P 2017-01-01 2018-01-01
13 Honeywell International Inc. P 2017-01-01 2018-01-01
93 Halliburton Co P 2017-01-01 2018-01-01
21 Home Depot Inc P 2017-01-01 2018-01-01
804 Juniper Networks Inc P 2017-01-01 2018-01-01
110 Lyondellbasell Industries P 2017-01-01 2018-01-01
67 Marathon Pete Corp P 2017-01-01 2018-01-01
77 McCormick & Co Inc P 2017-01-01 2018-01-01
132 Merck & Co P 2017-01-01 2018-01-01
31 Metlife Inc P 2017-01-01 2018-01-01
504 Micron Technology Inc P 2017-01-01 2018-01-01
166 Microsoft Corp P 2017-01-01 2018-01-01
19 Monster Beverage Corp P 2017-01-01 2018-01-01
29 Nextera Energy P 2017-01-01 2018-01-01
28 Novartis AG Sponsored ADR P 2017-01-01 2018-01-01
150 Occidental Pete Corp P 2017-01-01 2018-01-01
161 Pfizer Inc P 2017-01-01 2018-01-01
56 Procter & Gamble Co P 2017-01-01 2018-01-01
43 Quanta Svcs Inc P 2017-01-01 2018-01-01
15.833 Resideo Technologies P 2017-01-01 2018-01-01
324 Schlumberger LTD P 2017-01-01 2018-01-01
38 Signature BK New York P 2017-01-01 2018-01-01
31 State Street Corp P 2017-01-01 2018-01-01
67 TJX Cos Inc P 2017-01-01 2018-01-01
29 T Mobile US Inc P 2017-01-01 2018-01-01
20 Trimble Inc P 2017-01-01 2018-01-01
76 Union Pacific Corp P 2017-01-01 2018-01-01
7 Ulta Beauty, Inc. P 2017-01-01 2018-01-01
49 Valero Energy Corp P 2017-01-01 2018-01-01
80 Verizon Communications P 2017-01-01 2018-01-01
91 Visa Inc P 2017-01-01 2018-01-01
126 Voya Finl Inc P 2017-01-01 2018-01-01
24 Xilinx inc. P 2017-01-01 2018-01-01
63 YUM Brands P 2017-01-01 2018-01-01
82.048 Baron Emerging Markets Fund P 2017-01-01 2018-11-21
95.297 Johcm International Select Fund P 2017-01-01 2018-11-21
5536.417 MFS New Discovery Value Fund P 2017-01-01 2018-01-01
47 Ishares Russell Midcap Value P 2017-01-01 2018-01-01
1417 Ishares Russell Midcap Growth P 2017-01-01 2018-01-01
1500 Ishares Russell 2000 growth P 2017-01-01 2018-01-01
3279 Ishares Global Infrastructure P 2017-01-01 2018-10-16
1664 SPDR S&P 500 ETF Trust P 2017-01-01 2018-01-01
282 Vanguard Intl Equity Index Fds All World EX US P 2017-01-01 2018-01-01
1226 Vanguard Index FDS REIT P 2017-01-01 2018-02-02
75000 Abbvie Inc 2% P 2017-01-01 2018-11-06
15000 Home Depot Inc 2.25% P 2017-01-01 2018-09-10
39818 Virtus Classic SEIX Floating Rate High Income Fund P 2017-01-01 2018-11-21
2200 Ishares MBS P 2017-01-01 2018-08-07
104 Allergan PLC P 2017-01-01 2018-01-01
995 AMC Networks Inc P 2017-01-01 2018-01-01
568 Apple Inc P 2017-01-01 2018-01-01
501 Applied Materials, Inc. P 2017-01-01 2018-01-01
170 BAE Systems, PLC P 2017-01-01 2018-04-30
2243 Bank of America Corp P 2017-01-01 2018-01-01
156 Blackrock Inc. P 2017-01-01 2018-01-01
19 Booking Holdings, Inc. P 2017-01-01 2018-02-02
170 Brighthouse Finl Inc P 2017-01-01 2018-02-02
227 Celgene Corp P 2017-01-01 2018-01-01
462 Chubb Corp P 2017-01-01 2018-01-01
9 Cisco Systems P 2017-01-01 2018-10-30
42 Citigroup Inc. P 2017-01-01 2018-04-30
335 Cummins Inc P 2017-01-01 2018-01-01
962 CVS Health Corporation P 2017-01-01 2018-02-02
567 Danaher Corp P 2017-01-01 2018-01-01
1599 Delta Air Lines Inc P 2017-01-01 2018-01-01
1127 Dish Network Corp P 2017-01-01 2018-01-01
433 Disney Walt Co P 2017-01-01 2018-01-01
472 Dominion Energy, Inc P 2017-01-01 2018-01-01
551 Exxon Mobil Corp P 2017-01-01 2018-01-01
699 Facebook Inc P 2017-01-01 2018-01-01
338 FMC Corp P 2017-01-01 2018-01-01
332 Fortive Corp P 2017-01-01 2018-01-01
17.4 Garrett Motion, Inc. P 2017-01-01 2018-01-01
1284 General Mills P 2017-01-01 2018-02-02
732 Gilead Sciences Inc P 2017-01-01 2018-01-01
51 Alphabet Inc P 2017-01-01 2018-01-01
830 Halliburton Co P 2017-01-01 2018-01-01
260 Home Depot Inc P 2017-01-01 2018-01-01
29 Honeywell International P 2017-01-01 2018-04-30
2907 Juniper Networks Inc P 2017-01-01 2018-01-01
787 Lyondellbasell Industries P 2017-01-01 2018-01-01
1162 LKQ Corp P 2017-01-01 2018-02-02
580 Marathon Pete Corp P 2017-01-01 2018-01-01
530 McCormick & Co Inc P 2017-01-01 2018-01-01
301 Merck & Co P 2017-01-01 2018-01-01
1057 Metlife Inc P 2017-01-01 2018-01-01
2609 Micron Technology Inc P 2017-01-01 2018-01-01
1423 Microsoft Corp P 2017-01-01 2018-01-01
93 Molson Coors Brewing Co P 2017-01-01 2018-02-16
54 Monster Beverage Corp. P 2017-01-01 2018-02-16
307 Nextera Energy P 2017-01-01 2018-01-01
345 Novartis AG Sponsored ADR P 2017-01-01 2018-01-01
876 Occidental Pete Corp P 2017-01-01 2018-01-01
1444 Pfizer Inc P 2017-01-01 2018-01-01
550 Procter & Gamble Co P 2017-01-01 2018-01-01
1111 Quanta Svcs Inc P 2017-01-01 2018-01-01
29 Resideo Technologies P 2017-01-01 2018-11-02
1323 Schlumberger LTD P 2017-01-01 2018-01-01
68 Signature Bank NY P 2017-01-01 2018-01-01
646 State Street Corp P 2017-01-01 2018-01-01
893 TJX Cos Inc P 2017-01-01 2018-01-01
348 T Mobile US Inc P 2017-01-01 2018-01-01
988 Trimble Inc P 2017-01-01 2018-01-01
13 Ulta Beauty, Inc P 2017-01-01 2018-10-31
563 Union Pacific Corp P 2017-01-01 2018-01-01
710 Valero Energy Corp P 2017-01-01 2018-01-01
1150 Verizon Communications P 2017-01-01 2018-01-01
816 Visa Inc P 2017-01-01 2018-01-01
1080 Voya Final Inc P 2017-01-01 2018-01-01
1809 Wells Fargo & Co P 2017-01-01 2018-02-02
43 Xilinx Inc P 2017-01-01 2018-11-20
815 YUM Brands P 2017-01-01 2018-01-01
82.552 Baron Emerging Markets Fund P 2017-01-01 2018-11-21
11932.079 Johcm International Select Fund P 2017-01-01 2018-01-01
10664.23 MFS New Discovery Value Fund P 2017-01-01 2018-01-01
152 Ishares Russell Midcap Value P 2017-01-01 2018-04-30
5587 Ishares Global Infrastructure P 2017-01-01 2018-10-16
735 Ishares Russell Midcap Growth P 2017-01-01 2018-10-30
2200 Ishares Russell 2000 Growth P 2017-01-01 2018-01-01
1600 SPDR S&P 500 ETF Trust P 2017-01-01 2018-01-01
1466 Vanguard Intl Equity Index All World EX US P 2017-01-01 2018-01-01
8026 Vanguard FTSE Emerging Markets P 2017-01-01 2018-01-01
1136 Vanguard Index FDS REIT P 2017-01-01 2018-02-02
20000 Berkshire Hills Bancorp P 2017-01-01 2018-06-07
100000 Abbvie Inc 2% P 2017-01-01 2018-11-06
100000 Home Depot Inc 2.25% P 2017-01-01 2018-09-10
34377.397 Virtus Classic SEIX Floating Rate High Income Fund P 2017-01-01 2018-01-01
6500 Ishares 3-7 year treasury bond fund P 2017-01-01 2018-01-01
48 Allergan PLC P 2017-01-01 2018-01-01
685 AMC Networks Inc P 2017-01-01 2018-01-01
286 Apple Inc P 2017-01-01 2018-01-01
646 Applied Matls Inc P 2017-01-01 2018-01-01
152 Bae Sys Plc P 2017-01-01 2018-03-02
694 Bank of America Corp P 2017-01-01 2018-01-01
55 Blackrock Inc. P 2017-01-01 2018-01-01
5 Booking Holdings Inc P 2017-01-01 2018-03-02
27 Celgene Corp P 2017-01-01 2018-03-02
110 Chubb Corp P 2017-01-01 2018-01-01
45 Cisco Systems Inc P 2017-01-01 2018-10-30
127 Citigroup Inc P 2017-01-01 2018-01-01
82 Cummins Inc P 2017-01-01 2018-01-01
167 Danaher Corp P 2017-01-01 2018-01-01
247 Delta Air Lines Inc P 2017-01-01 2018-01-01
774 Dish Network Corp P 2017-01-01 2018-01-01
215 Disney Walt Co P 2017-01-01 2018-01-01
141 Dominion Energy, Inc P 2017-01-01 2018-01-01
76 Exxon Mobil Corp P 2017-01-01 2018-01-01
287 Facebook Inc P 2017-01-01 2018-01-01
53 FMC Corp P 2017-01-01 2018-01-01
101 Fortive Corp P 2017-01-01 2018-01-01
19.8 Garrett Motion Inc P 2017-01-01 2018-01-01
123 Gilead Sciences Inc P 2017-01-01 2018-01-01
19 Alphabet Inc P 2017-01-01 2018-01-01
161 Halliburton Co P 2017-01-01 2018-01-01
66 Home Depot Inc P 2017-01-01 2018-01-01
76 Honeywell International Inc P 2017-01-01 2018-01-01
1575 Juniper Networks Inc P 2017-01-01 2018-01-01
317 Lyondellbasell Industries P 2017-01-01 2018-01-01
162 Marathon Pete Corp P 2017-01-01 2018-01-01
239 McCormick & Co Inc P 2017-01-01 2018-01-01
343 Merck & Co Inc P 2017-01-01 2018-01-01
255 Metlife Inc P 2017-01-01 2018-01-01
1213 Micron Technology Inc P 2017-01-01 2018-01-01
528 Microsoft Corp P 2017-01-01 2018-01-01
114 Molson Coors Brewing Co P 2017-01-01 2018-01-01
133 Monster Beverage Corp P 2017-01-01 2018-01-01
76 Nextera Energy P 2017-01-01 2018-01-01
176 Novartis AG Sponsored ADR P 2017-01-01 2018-01-01
361 Occidental Pete Corp P 2017-01-01 2018-01-01
558 Pfizer Inc P 2017-01-01 2018-01-01
232 Procter & Gamble P 2017-01-01 2018-01-01
288 Quanta Svcs Inc P 2017-01-01 2018-01-01
33 Resideo P 2017-01-01 2018-11-02
592 Schlumberger LTD P 2017-01-01 2018-01-01
257 Signature BK New York P 2017-01-01 2018-01-01
213 State Street Corp P 2017-01-01 2018-01-01
171 TJX Cos Inc P 2017-01-01 2018-01-01
102 T Mobile US Inc P 2017-01-01 2018-01-01
252 Trimble Inc P 2017-01-01 2018-01-01
17 Ulta Beauty Inc P 2017-01-01 2018-10-31
204 Union Pacific Corp P 2017-01-01 2018-01-01
271 Valero Energy Corp P 2017-01-01 2018-01-01
241 Verizon Communications P 2017-01-01 2018-01-01
289 Visa Inc P 2017-01-01 2018-01-01
344 Voya Finl Inc P 2017-01-01 2018-01-01
46 Xilinx Inc P 2017-01-01 2018-11-20
199 YUM Brands P 2017-01-01 2018-01-01
9100.621 Johcm International Select Fund P 2017-01-01 2018-01-01
1171.15 Barron Emerging Markets Fund P 2017-01-01 2018-01-01
13306.477 MFS New Discovery Value Fund P 2017-01-01 2018-01-01
1224 Ishares Russell Midcap Value P 2017-01-01 2018-01-01
3217 Ishares Russell Midcap Growth P 2017-01-01 2018-01-01
3000 Ishares Russell 2000 Growth ETF P 2017-01-01 2018-01-01
7543 Ishares Global Infrastructure P 2017-01-01 2018-01-01
7724 SPDR S&P 500 ETF Trust P 2017-01-01 2018-01-01
4059 Vanguard Intl Equity Index Fds All World EX US P 2017-01-01 2018-01-01
9089 Vanguard FTSE Energing Markets P 2017-01-01 2018-09-17
2000 Vanguard Short-term Corporate Bond Fund P 2017-01-01 2018-11-20
2539 Vanguard Index FDS REIT P 2017-01-01 2018-02-02
(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 236,170   248,353 -12,183
b 207,118   211,943 -4,825
c 265,174   271,928 -6,754
d 152,213   157,681 -5,468
e 65,439   67,229 -1,790
2,747   3,702 -955
17,642   16,739 903
10,515   9,116 1,399
15,552   19,220 -3,668
2,457   2,318 139
4,656   4,223 433
5,424   4,763 661
1,726   1,982 -256
689   738 -49
1,714   2,149 -435
4,507   4,146 361
2,088   1,869 219
12,429   22,630 -10,201
6,147   5,887 260
1,820   2,014 -194
469   533 -64
21,224   19,243 1,981
846   891 -45
140   149 -9
364   385 -21
1,949   1,901 48
4,897   4,361 536
4,037   3,520 517
19,877   23,706 -3,829
10,730   10,463 267
4,922   3,867 1,055
9,804   7,592 2,212
8,714   8,449 265
1,489   1,681 -192
23,155   15,238 7,917
15,723   14,070 1,653
1,178   1,078 100
4,822   4,508 314
2,424   2,262 162
11,575   10,727 848
6,445   5,725 720
4,984   4,871 113
1,457   1,636 -179
310   399 -89
18,218   23,602 -5,384
4,397   5,058 -661
3,174   2,901 273
6,332   5,031 1,301
1,746   1,977 -231
734   856 -122
10,616   8,905 1,711
1,933   1,727 206
5,116   3,750 1,366
4,231   4,262 -31
11,542   9,983 1,559
6,666   5,272 1,394
2,014   1,962 52
5,439   4,754 685
1,042   1,026 16
2,038   2,266 -228
83,356   83,050 306
4,014   4,003 11
173,484   158,131 15,353
295,307   307,595 -12,288
136,229   137,043 -814
453,234   436,278 16,956
14,861   13,153 1,708
94,516   99,078 -4,562
75,000   75,000  
150,000   150,000  
341,240   350,000 -8,760
227,972   236,797 -8,825
17,397   24,063 -6,666
54,032   56,063 -2,031
94,472   53,671 40,801
17,375   25,589 -8,214
5,801   5,767 34
71,543   52,304 19,239
85,109   46,263 38,846
35,591   25,541 10,050
10,606   8,675 1,931
22,079   25,195 -3,116
70,085   56,707 13,378
400   402 -2
2,896   3,259 -363
60,657   49,232 11,425
73,577   84,555 -10,978
57,651   37,826 19,825
87,490   64,576 22,914
42,007   69,814 -27,807
46,994   41,688 5,306
35,564   33,818 1,746
45,863   48,569 -2,706
127,484   52,231 75,253
28,847   20,544 8,303
25,012   15,683 9,329
256   296 -40
72,051   65,011 7,040
60,101   55,108 4,993
56,642   32,476 24,166
43,699   38,919 4,780
50,514   33,769 16,745
4,207   4,577 -370
73,486   86,693 -13,207
84,878   65,302 19,576
47,904   31,001 16,903
39,824   28,096 11,728
58,413   43,764 14,649
19,526   17,866 1,660
50,184   43,414 6,770
112,139   64,186 47,953
132,232   74,819 57,413
7,553   7,524 29
3,533   3,617 -84
48,294   33,049 15,245
30,365   25,134 5,231
65,244   70,013 -4,769
53,870   45,225 8,645
46,457   44,806 1,651
39,939   40,678 -739
676   793 -117
88,400   97,998 -9,598
7,832   10,752 -2,920
69,275   42,438 26,837
71,749   55,527 16,222
21,949   22,961 -1,012
42,819   34,028 8,791
3,589   3,207 382
73,835   50,822 23,013
66,740   43,591 23,149
61,031   53,188 7,843
99,510   43,803 55,707
55,576   44,720 10,856
116,379   75,781 40,598
3,609   3,463 146
67,365   48,946 18,419
1,048   1,033 15
259,450   242,714 16,736
160,612   139,381 21,231
13,229   12,550 679
232,116   232,116  
88,041   97,019 -8,978
431,267   449,960 -18,693
428,887   442,936 -14,049
78,760   67,862 10,898
302,583   362,084 -59,501
87,578   69,122 18,456
875,484   243,477 632,007
100,000   100,000  
100,000   100,000  
294,614   300,000 -5,386
775,375   777,606 -2,231
7,924   11,106 -3,182
39,420   38,195 1,225
56,593   20,392 36,201
24,867   32,497 -7,630
4,901   4,936 -35
21,786   16,174 5,612
29,364   12,033 17,331
10,137   6,721 3,416
2,423   2,781 -358
15,811   12,687 3,124
2,000   2,009 -9
9,340   9,573 -233
13,168   12,042 1,126
16,267   7,363 8,904
14,016   10,319 3,697
26,450   46,954 -20,504
23,567   11,830 11,737
10,474   7,594 2,880
6,035   5,411 624
47,613   21,445 26,168
4,447   3,814 633
7,501   6,065 1,436
291   306 -15
9,728   8,954 774
20,993   6,661 14,332
7,963   7,549 414
12,684   8,592 4,092
11,483   10,837 646
38,836   46,970 -8,134
31,851   29,139 2,712
11,346   7,847 3,499
29,927   19,240 10,687
22,348   22,132 216
11,751   10,451 1,300
56,239   29,649 26,590
50,168   31,221 18,947
9,332   9,417 -85
8,653   7,356 1,297
12,246   4,973 7,273
15,269   14,640 629
27,057   35,328 -8,271
21,717   15,790 5,927
20,054   16,201 3,853
10,018   10,545 -527
769   819 -50
33,029   40,905 -7,876
30,410   33,160 -2,750
20,993   9,691 11,302
15,510   5,408 10,102
6,305   6,730 -425
9,783   8,679 1,104
4,694   4,193 501
28,651   12,289 16,362
26,069   16,312 9,757
12,684   7,796 4,888
36,706   18,010 18,696
17,991   14,244 3,747
3,861   3,704 157
16,129   8,478 7,651
195,844   199,727 -3,883
14,790   15,483 -693
200,818   178,062 22,756
106,691   104,179 2,512
396,401   286,645 109,756
590,615   614,616 -24,001
312,911   316,383 -3,472
2,053,626   2,017,168 36,458
199,918   209,000 -9,082
367,873   410,040 -42,167
155,258   156,090 -832
195,740   154,965 40,775
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       -12,183
b       -4,825
c       -6,754
d       -5,468
e       -1,790
      -955
      903
      1,399
      -3,668
      139
      433
      661
      -256
      -49
      -435
      361
      219
      -10,201
      260
      -194
      -64
      1,981
      -45
      -9
      -21
      48
      536
      517
      -3,829
      267
      1,055
      2,212
      265
      -192
      7,917
      1,653
      100
      314
      162
      848
      720
      113
      -179
      -89
      -5,384
      -661
      273
      1,301
      -231
      -122
      1,711
      206
      1,366
      -31
      1,559
      1,394
      52
      685
      16
      -228
      306
      11
      15,353
      -12,288
      -814
      16,956
      1,708
      -4,562
       
       
      -8,760
      -8,825
      -6,666
      -2,031
      40,801
      -8,214
      34
      19,239
      38,846
      10,050
      1,931
      -3,116
      13,378
      -2
      -363
      11,425
      -10,978
      19,825
      22,914
      -27,807
      5,306
      1,746
      -2,706
      75,253
      8,303
      9,329
      -40
      7,040
      4,993
      24,166
      4,780
      16,745
      -370
      -13,207
      19,576
      16,903
      11,728
      14,649
      1,660
      6,770
      47,953
      57,413
      29
      -84
      15,245
      5,231
      -4,769
      8,645
      1,651
      -739
      -117
      -9,598
      -2,920
      26,837
      16,222
      -1,012
      8,791
      382
      23,013
      23,149
      7,843
      55,707
      10,856
      40,598
      146
      18,419
      15
      16,736
      21,231
      679
       
      -8,978
      -18,693
      -14,049
      10,898
      -59,501
      18,456
      632,007
       
       
      -5,386
      -2,231
      -3,182
      1,225
      36,201
      -7,630
      -35
      5,612
      17,331
      3,416
      -358
      3,124
      -9
      -233
      1,126
      8,904
      3,697
      -20,504
      11,737
      2,880
      624
      26,168
      633
      1,436
      -15
      774
      14,332
      414
      4,092
      646
      -8,134
      2,712
      3,499
      10,687
      216
      1,300
      26,590
      18,947
      -85
      1,297
      7,273
      629
      -8,271
      5,927
      3,853
      -527
      -50
      -7,876
      -2,750
      11,302
      10,102
      -425
      1,104
      501
      16,362
      9,757
      4,888
      18,696
      3,747
      157
      7,651
      -3,883
      -693
      22,756
      2,512
      109,756
      -24,001
      -3,472
      36,458
      -9,082
      -42,167
      -832
      40,775
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 1,624,445
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2017 2,392,024 28,648,766 0.08350
2016 2,217,974 25,839,763 0.08584
2015 1,995,248 22,713,843 0.08784
2014 1,155,446 15,393,921 0.07506
2013 1,373,983 15,559,213 0.08831
2
Total of line 1, column (d) .....................
2
0.420540
3
Average distribution ratio for the 5-year base period—divide the total on line 2 by 5.0, or by the number of years the foundation has been in existence if less than 5 years ......
3
0.084108
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
29,294,299
5
Multiply line 4 by line 3......................
5
2,463,885
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
21,647
7
Add lines 5 and 6........................
7
2,485,532
8
Enter qualifying distributions from Part XII, line 4,.............
8
2,894,878
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.
Form 990-PF (2018)
Form 990-PF (2018)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket includes lines 1a and 1b
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Domestic foundations that meet the section 4940(e) requirements in Part V, check 1 21,647
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 21,647
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 21,647
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 27,288
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 27,288
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 5,641
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet5,641 RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition).................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
No
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletDE, MA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2018 or the taxable year beginning in 2018? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletBERKSHIREBANK.COM
    14
    The books are in care ofbulletLORI GAZZILLO-KIELY Telephone no.bullet (413) 236-3733

    Located atbulletPO BOX 1308PITTSFIELDMA ZIP+4bullet01202
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2018, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    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 2018?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
    No
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2018 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2018.)..................
    3b
     
    No
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
    No
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
    No
    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
    MICHAEL J FERRY Chairman
    0.00     		0    
    66 WEST STREET
    PITTSFIELD,MA01201
    CATHERINE B MILLER VICE CHAIRMAN
    0.00     		0    
    66 WEST STREET
    PITTSFIELD,MA01201
    LORI GAZZILLO-KIELY Secretary
    40.00     		185,885    
    66 WEST STREET
    PITTSFIELD,MA01201
    J WILLIAR DUNLAEVY Director
    0.00     		0    
    66 WEST STREET
    PITTSFIELD,MA01201
    MICHAEL P DALY Director
    0.00     		0    
    66 WEST STREET
    PITTSFIELD,MA01201
    JAMES MOSES Treasurer
    0.00     		0    
    66 WEST STREET
    PITTSFIELD,MA01201
    SEAN A GRAY Director
    0.00     		0    
    66 WEST STREET
    PITTSFIELD,MA01201
    D JEFFREY TEMPLETON Director
    0.00     		0    
    66 WEST STREET
    PITTSFIELD,MA01201
    ROBERT M CURLEY Director
    0.00     		0    
    66 WEST STREET
    PITTSFIELD,MA01201
    LINDA A JOHNSTON Director
    0.00     		0    
    66 WEST STREET
    PITTSFIELD,MA01201
    THOMAS R BARNEY Director
    0.00     		0    
    66 WEST STREET
    PITTSFIELD,MA01201
    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
    GARY LEVANTE vp corp responsib.
    40.00     		84,269 8,672  
    66 WEST STREET
    PITTSFIELD,MA01201
    Total number of other employees paid over $50,000...................bullet  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    BERKSHIRE BANK INC CUSTODIAL / ADVISOR 512,427
    PO BOX 1308
    PITTSFIELD,MA01202
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    28,759,704
    b
    Average of monthly cash balances.......................
    1b
    943,508
    c
    Fair market value of all other assets (see instructions)................
    1c
    37,193
    d
    Total (add lines 1a, b, and c).........................
    1d
    29,740,405
    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
    29,740,405
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    446,106
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    29,294,299
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,464,715
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    1,464,715
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    21,647
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    21,647
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,443,068
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    1,443,068
    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
    1,443,068
    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
    2,894,878
    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
    2,894,878
    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
    21,647
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    2,873,231
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2017     		(c)
    2017     		(d)
    2018
    1 Distributable amount for 2018 from Part XI, line 7 1,443,068
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2018:
    a From 2013...... 627,712
    b From 2014...... 410,384
    c From 2015...... 888,178
    d From 2016...... 1,021,934
    e From 2017...... 1,001,010
    fTotal of lines 3a through e........ 3,949,218
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 2,894,878
    a Applied to 2017, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2018 distributable amount..... 1,443,068
    e Remaining amount distributed out of corpus 1,451,810
    5 Excess distributions carryover applied to 2018.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 5,401,028
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2018. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2019 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		627,712
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		4,773,316
    10 Analysis of line 9:
    a Excess from 2014.... 410,384
    b Excess from 2015.... 888,178
    c Excess from 2016.... 1,021,934
    d Excess from 2017.... 1,001,010
    e Excess from 2018.... 1,451,810
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2018, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2018 (b) 2017 (c) 2016 (d) 2015
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    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:
    LORI GAZZILLO-KIELY EXECUTIVE DIREC
    24 NORTH STREET PO BOX 1308
    PITTSFIELD,MA01202
    (413) 447-1722
    LKIELY@BERKSHIREBANK.COM
    bThe form in which applications should be submitted and information and materials they should include:
    WRITTEN APPLICATION INCLUDING IRS DETERMINATION LETTER OF 501(C)(3) STATUS, CURRENT BOARD LIST, BOARD APPROVED OPERATING BUDGET AND MOST RECENT ANNUAL REPORT, FORM 990 AND FINANCIAL AUDIT REPORT.
    cAny submission deadlines:
    15TH OF DECEMBER, MARCH, JUNE AND SEPTEMBER.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    ONLY TAX EXEMPT ORGANIZATION THAT QUALIFY AS A SECTION 501(C)(3) PUBLIC CHARITY.
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    SEE ATTACHED LISTING
    VARIOUS
    PITTSFIELD,MA01201     		NONE N/A SEE ATTACHED LISTING 2,406,927
    Total .................................bullet 3a 2,406,927
    bApproved for future payment
    SEE ATTACHED LISTING
    VARIOUS
    PITTSFIELD,MA01201     		NONE N/A SEE ATTACHED LISTING 819,083
    Total .................................bullet 3b 819,083
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....     14 679,790  
    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 ............     		    14 1,624,445  
    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)..   2,304,235  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    2,304,235
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2018)
    Additional Data


    Software ID: 18007218
    Software Version: 2018v3.1


    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
    2018
    Name of the organization
    BERKSHIRE BANK FOUNDATION INC
     
    Employer identification number

    04-3365869
    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) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018) Page 2
    Name of organization
    BERKSHIRE BANK FOUNDATION INC
          		Employer identification number
    04-3365869
    Part I
    Contributors (See instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    BERKSHIRE BANK  
    PO BOX 1308
     
    PITTSFIELD, MA01202

    		$ 2,000,000


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

    		$  


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

    		$  


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

    		$  


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

    		$  


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

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Page 3
    Name of organization
    BERKSHIRE BANK FOUNDATION INC
          		Employer identification number

    04-3365869
    Part II
    Noncash Property (See instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Page 4
    Name of organization
    BERKSHIRE BANK FOUNDATION INC
          		Employer identification number

    04-3365869
    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) (2018)

    Additional Data


    Software ID: 18007218
    Software Version: 2018v3.1

    TY 2018 AccountingFeesSchedule
    Name:
    BERKSHIRE BANK FOUNDATION INC
    EIN:
    04-3365869
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Audit 12,500 0 0 12,500

    TY 2018 InvestmentsOtherSchedule2
    Name:
    BERKSHIRE BANK FOUNDATION INC
    EIN:
    04-3365869
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    INVESTMENTS IN MARKETABLE SECURITIES AT COST 25,040,801 26,235,728

    TY 2018 OtherAssetsSchedule
    Name:
    BERKSHIRE BANK FOUNDATION INC
    EIN:
    04-3365869
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    accrued income     68,843
    Accrued income 64,556 68,843  
    Collection - Popcorn Wagon 37,193 37,193  
    COLLECTION - POPCORN WAGON     37,193


    TY 2018 OtherExpensesSchedule
    Name:
    BERKSHIRE BANK FOUNDATION INC
    EIN:
    04-3365869
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Filing fees 250     250
    Management fees 187,656     187,656
    Marketing 1,758     1,758
    Membership fees 500     500
    Office expense 32,072     32,072
    Special projects expense 21,552     21,552
    Travel 18,890     18,890


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    BERKSHIRE BANK FOUNDATION INC
    EIN:
    04-3365869
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Bookkeeping 8,009 0 0 8,009
    Investment fees 138,886 138,886 0 0
    Other professional fees 18,879 0 0 18,879


    TY 2018 TaxesSchedule
    Name:
    BERKSHIRE BANK FOUNDATION INC
    EIN:
    04-3365869
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Federal excise tax 21,552      
    Foreign taxes 676 676