Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
The Bay State Federal Savings
Charitable Foundation
Number and street (or P.O. box number if mail is not delivered to street address)PO Box 1190
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Sagamore Beach, MA02562
A Employer identification number

04-3415547
B Telephone number (see instructions)

(617) 225-2822
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$13,774,798J 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 5,751 5,751  
4 Dividends and interest from securities... 218,084 218,084  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 825,944
b Gross sales price for all assets on line 6a 3,647,056
7 Capital gain net income (from Part IV, line 2)... 825,944
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 1,049,779 1,049,779  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 227,576 0   227,576
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 4,950 2,475   2,475
c Other professional fees (attach schedule).... Click to see attachment 148,473 74,951   73,522
17 Interest............... 11,390 11,390   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 11,805 1,096   10,709
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 15,756 0   15,756
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 18,193 0   20,815
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 438,143 89,912   350,853
25 Contributions, gifts, grants paid....... 180,150 180,150
26 Total expenses and disbursements. Add lines 24 and 25 618,293 89,912   531,003
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 431,486
b Net investment income (if negative, enter -0-) 959,867
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............. 1,000 1,000 1,000
2 Savings and temporary cash investments......... 741,181 852,137 852,137
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)....... 9,929,616 Click to see attachment12,353,023 12,353,023
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).......... 623,093 Click to see attachment411,831 411,831
14 Land, buildings, and equipment: basis bullet156,807
Less: accumulated depreciation (attach schedule) bullet156,807 0 Click to see attachment0 156,807
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 11,294,890 13,617,991 13,774,798
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 11,294,890 13,617,991
29 Total net assets or fund balances (see instructions)..... 11,294,890 13,617,991
30 Total liabilities and net assets/fund balances (see instructions). 11,294,890 13,617,991
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
11,294,890
2
Enter amount from Part I, line 27a .....................
2
431,486
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
1,891,615
4
Add lines 1, 2, and 3 ..........................
4
13,617,991
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
13,617,991
Form 990-PF (2020)
Form 990-PF (2020)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a Publicly Tradede Securities      
b Capital Gains Dividends P    
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 3,641,262   2,821,112 820,150
b 5,794     5,794
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       820,150
b       5,794
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 825,944
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 13,342
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 0
3 Add lines 1 and 2........................... 3 13,342
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 13,342
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 22,175
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 22,175
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
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 8,833
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet8,833 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See 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$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletMA, DE
    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 addressbulletwww.baystatecharitable.com
    14
    The books are in care ofbulletDenise Renaghan Telephone no.bullet (617) 225-2822

    Located atbulletPO Box 1190Sagamore BeachMA ZIP+4bullet02562
    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
    Yes
     
    .........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). Click to see attachment
    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
    Brenda T Harrington Director
    1.00     		5,000 0 0
    PO Box 1190
    Sagamore Beach,MA02562
    Denise M Renaghan President/Director
    30.00     		85,000 87,576 0
    PO Box 1190
    Sagamore Beach,MA02562
    Michael O Gilles Treasurer/Director
    5.00     		10,000 10,000 0
    PO Box 1190
    Sagamore Beach,MA02562
    Anthony Caruso Secretary/Director
    5.00     		15,000 15,000 0
    PO Box 1190
    Sagamore Beach,MA02562
    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 0
    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
    US Trust Investment Management 74,537
    PO Box 830269
    Dallas,TX75283
    Joan Murphy Community Liaison 70,000
    PO Box 1190
    Sagamore Beach,MA02562
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    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.........................bullet0
    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
    10,907,089
    b
    Average of monthly cash balances.......................
    1b
    771,931
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    11,679,020
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    11,679,020
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    175,185
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    11,503,835
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    575,192
    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
    575,192
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    13,342
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    13,342
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    561,850
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    561,850
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    561,850
    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
    531,003
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    531,003
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    531,003
    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 7 561,850
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016...... 61,763
    c From 2017...... 24,276
    d From 2018...... 47,472
    e From 2019...... 77,505
    fTotal of lines 3a through e........ 211,016
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 531,003
    a Applied to 2019, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2020 distributable amount..... 531,003
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2020. 30,847 30,847
    (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 5 180,169
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    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) .......     		0
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		180,169
    10 Analysis of line 9:
    a Excess from 2016.... 30,916
    b Excess from 2017.... 24,276
    c Excess from 2018.... 47,472
    d Excess from 2019.... 77,505
    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).)
    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:
    Denise Renaghan The Bay State Feder
    PO Box 1190
    Sagamore Beach,MA02562
    (617) 225-2822
    bThe form in which applications should be submitted and information and materials they should include:
    Grant Application Package or Written Letter with 501(c)(3) IRS Determination Letter.
    cAny submission deadlines:
    None
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    To support community organizations that contribute to improving quality of life.
    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
    ALS Association Florida Chapter
    3242 Parkside Center Circle
    Tampa,FL33619     		N/A PC General Operating Support 1,500
    Alzheimer's Association
    480 Pleasant Street
    Watertown,MA02472     		N/A PC General Operating Support 1,000
    American Cancer Society
    30 Speen Street
    Framingham,MA01701     		N/A PC General Operating Support 1,500
    American Institute for Cancer Research
    1759 R Street NW
    Washington,DC200092552     		N/A PC General Operating Support 250
    American Red Cross
    431 18th Street NW
    Washington,DC20006     		N/A PC General Operating Support 2,000
    Arlington Catholic High SchoolSt Agnes School
    16 Medford Street
    Arlington,MA02474     		N/A PC General Operating Support 1,000
    Asian Task Force Against Domestic Violence
    PO Box 120108
    Boston,MA02112     		N/A PC General Operating Support 500
    Association of Small Foundations
    1720 North Street NW
    Washington,DC20036     		N/A PC General Operating Support 750
    Berkshire Hills Music Academy
    48 Woodbridge Street
    South Hadley,MA01075     		N/A PC General Operating Support 750
    Best Buddies International Inc
    100 Southeast 2nd Street Suite 2200
    Miami,FL33131     		N/A PC General Operating Support 500
    Beth Israel Deaconess Medical Center
    330 Brookline Avenue
    Boston,MA02215     		N/A PC General Operating Support 3,500
    Bike the US for MS
    PO Box 10001
    Blacksburg,VA24062     		N/A PC General Operating Support 1,000
    Birthday Wishes Inc
    24 Superior Drive Suite B1
    Natick,MA01760     		N/A PC General Operating Support 250
    Bishop Fenwick High School
    99 Margin Street
    Peabody,MA01960     		N/A PC General Operating Support 250
    Boston Chinatown Neighborhood Center
    885 Washington Street
    Boston,MA02111     		N/A PC General Operating Support 1,000
    Brigham and Women's and Faulkner Hospital
    1153 Centre Street
    Boston,MA02130     		N/A PC General Operating Support 2,000
    Brookline Community Foundation
    40 Webster Place
    Brookline,MA02445     		N/A PC General Operating Support 1,000
    Brookline High School
    115 Greenough Street
    Brookline,MA02445     		N/A GOV General Operating Support 3,500
    Brookline Multi Service Senior Center Corp
    93 Winchester Street
    Brookline,MA02446     		N/A PC General Operating Support 3,250
    Brotherhood of Hope
    PO Box 200057
    Boston,MA02120     		N/A PC General Operating Support 750
    Caritas Communities
    25 Braintree Hill Office Park 206
    Braintree,MA02184     		N/A PC General Operating Support 1,000
    Catholic Charities USA
    2050 Ballenger Avenue Suite 400
    Alexandria,VA22314     		N/A PC General Operating Support 1,000
    Catholic Memorial School
    235 Baker Street
    West Roxbury,MA02132     		N/A PC General Operating Support 1,000
    Catholic Schools Foundation
    67 Batterymarch Street 6th Floor
    Boston,MA02110     		N/A PC General Operating Support 1,000
    Charles River Center
    59 East Militia Heights Drive
    Needham,MA02492     		N/A PC General Operating Support 750
    Childrens Hospital Boston
    300 Longwood Avenue
    Boston,MA02115     		N/A PC General Operating Support 1,000
    Childrens Law Center of Massachusetts
    PO Box 710 298 Union Street
    Lynn,MA01903     		N/A PC General Operating Support 1,000
    Childrens Specialized Hospital Foundation
    150 New Providence Road
    Mountainside,NJ07092     		N/A PC General Operating Support 1,000
    Community Hospice of Northeast Florida Foundation
    4266 Sunbeam Road
    Jacksonville,FL32257     		N/A SO I General Operating Support 750
    Compassionate Care ALS
    PO Box 1052
    West Falmouth,MA025741052     		N/A PC General Operating Support 1,500
    Cotting School Inc
    453 Concord Avenue
    Lexington,MA02421     		N/A PC General Operating Support 1,500
    Covenant House
    461 Eighth Avenue
    New York,NY10001     		N/A PC General Operating Support 750
    CRUDEM Foundation Inc
    PO Box 804
    Ludlow,MA01056     		N/A PC General Operating Support 2,000
    Crystal Springs Inc
    38 Narrows Road
    Assonet,MA02702     		N/A PC General Operating Support 750
    Cystic Fibrosis Foundation
    6931 Arlington Road Suite 200
    Bethesda,MD20814     		N/A PC General Operating Support 1,000
    Dana Farber Cancer Institute
    450 Brookline Avenue
    Boston,MA02215     		N/A PC General Operating Support 2,500
    Dedham Historical Society
    PO Box 215
    Dedham,MA02027     		N/A PC General Operating Support 250
    Dove Inc
    PO Box 690267
    Quincy,MA02269     		N/A PC General Operating Support 4,000
    Dream Big Inc
    281 Needham Street 202
    Newton,MA02464     		N/A PC General Operating Support 1,000
    Elizabeth Stone House
    PO Box 300039
    Jamaica Plain,MA02130     		N/A PC General Operating Support 500
    English at Large
    800 W Cummings Park Suite 550
    Woburn,MA01801     		N/A PC General Operating Support 1,000
    Eternal World Television Network
    5817 Old Leeds Road
    Irondale,AL35210     		N/A PC General Operating Support 1,000
    Father Bill's & Main Spring
    430 Belmont Street
    Brockton,MA02301     		N/A PC General Operating Support 1,500
    Francis Ouimet Scholarship Fund
    300 Arnold Palmer Blvd
    Norton,MA02766     		N/A PC General Operating Support 1,000
    Franciscan Hospital for Children
    30 Warren Street
    Brighton,MA02135     		N/A PC General Operating Support 1,000
    Franciscan Missionary Sisters for Africa
    172 Foster Street
    Brighton,MA02135     		N/A PC General Operating Support 4,000
    Friends of Thai Daughters Inc
    PO Box 370
    Trevett,ME04571     		N/A PC General Operating Support 1,000
    Friends of the Orphans NPH USA
    134 North La Salle Street Suite 500
    Chicago,IL60602     		N/A PC General Operating Support 500
    Girl Scouts of Eastern Massachusetts
    420 Boylston Street Suite 505
    Boston,MA02116     		N/A PC General Operating Support 1,000
    Goddard House
    165 Chestnut Street
    Brookline,MA02445     		N/A PC General Operating Support 3,000
    Greater Boston Food Bank
    70 S Bay Avenue
    Boston,MA02118     		N/A PC General Operating Support 1,500
    Habitat for Humanity - Greater Boston
    240 Commercial Street
    Boston,MA02109     		N/A PC General Operating Support 500
    Hale-Barnard Corporation
    273 Clarendon Street
    Boston,MA02116     		N/A PC General Operating Support 250
    Harry Chapin Food Bank of Southwest Florida Inc
    3760 Fowler Street
    Fort Myers,FL33901     		N/A PC General Operating Support 750
    Holy Trinity Armenian Church
    145 Brattle Street
    Cambridge,MA02138     		N/A PC General Operating Support 500
    Home for Little Wanderers
    10 Guest Street Suite 3
    Boston,MA02135     		N/A PC General Operating Support 1,500
    Homes for our Troops
    6 Main Street
    Taunton,MA02780     		N/A PC General Operating Support 1,000
    Hospitality Homes
    PO Box 15265
    Boston,MA02215     		N/A PC General Operating Support 1,500
    House of Possibilities Inc
    350 Washington Street
    North Easton,MA02356     		N/A PC General Operating Support 1,000
    Interfaith Social Services
    105 Adams Street
    Quincy,MA02169     		N/A PC General Operating Support 3,000
    Jackson Walnut Park School
    637 Cambridge Street
    Brighton,MA02135     		N/A PC General Operating Support 1,000
    JDRF International
    200 Vesey Street 28th Floor
    New York,NY10281     		N/A PC General Operating Support 750
    Jett Foundation
    36 Cordage Park Circle Suite 328
    Plymouth,MA02360     		N/A PC General Operating Support 2,000
    John M Barry Boys & Girls Club
    675 Watertown Street
    Newton,MA02460     		N/A PC General Operating Support 750
    Kahn Academy
    PO Box 1630
    Mountain View,CA94042     		N/A PC General Operating Support 1,000
    Little People's School Inc
    1507 Washington Street
    West Newton,MA02465     		N/A PC General Operating Support 2,500
    Little Sisters of the Poor
    186 Highland Avenue
    Somerville,MA02143     		N/A PC General Operating Support 1,500
    Make A Wish Foundation of MARI
    133 Federal Street 2nd Floor
    Boston,MA02110     		N/A PC General Operating Support 1,000
    Manet Community Health Center
    110 West Squantum Street
    North Quincy,MA02171     		N/A PC General Operating Support 750
    Marian Manor
    33 Summer Street
    Taunton,MA02780     		N/A PC General Operating Support 2,500
    Massachusetts General Hospital
    55 Fruit Street
    Boston,MA02114     		N/A PC General Operating Support 6,250
    Matthew C Sellitto Scholarship Fund
    PO Box 1
    New Vernon,NJ07976     		N/A PC General Operating Support 1,000
    Mission of Deeds
    6 Chapin Avenue
    Reading,MA01867     		N/A PC General Operating Support 1,250
    Muscular Dystrophy Association Inc
    222 S Riverside Plaza Suite 1500
    Chicago,IL60606     		N/A PC General Operating Support 500
    Naples Community Hospital Foundation
    PO Box 413029
    Naples,FL34101     		N/A PC General Operating Support 1,500
    National Kidney Foundation
    30 E 33rd Street
    New York,NY10016     		N/A PC General Operating Support 1,500
    National Ovarian Cancer Coalition
    2501 Oak Lawn Avenue Suite 435
    Dallas,TX75219     		N/A PC General Operating Support 1,000
    Neighborhood Health Clinic Inc
    121 Goodlette Road North
    Naples,FL34102     		N/A PC General Operating Support 1,000
    Neurofibromatosis Inc Northeast
    9 Bedford Street
    Burlington,MA01803     		N/A PC General Operating Support 1,000
    New England Center and Home for Veterans
    17 Court Street
    Boston,MA02108     		N/A PC General Operating Support 2,500
    New England Center for Children
    33 Turnpike Road
    Southborough,MA01772     		N/A PC General Operating Support 2,000
    Newton Wellesley Hospital
    2014 Washington Street
    Newton,MA02462     		N/A PC General Operating Support 1,000
    Norwood High School
    245 Nichols Street
    Norwood,MA02062     		N/A GOV General Operating Support 500
    Old Colony Hospice
    321 Manley Street
    West Bridgewater,MA02379     		N/A PC General Operating Support 2,000
    On The Rise
    341 Broadway
    Cambridge,MA02139     		N/A PC General Operating Support 250
    One Mission Inc
    1881 Worcester Road Suite 204
    Framingham,MA01701     		N/A PC General Operating Support 750
    Operation Smile Inc
    3641 Faculty Blvd
    Virginia Beach,VA23453     		N/A PC General Operating Support 500
    Pan Mass Challenge
    77 4th Avenue
    Needham Heights,MA02494     		N/A PC General Operating Support 1,500
    Payson Park Music Festival
    10 Bay State Road
    Belmont,MA02478     		N/A PC General Operating Support 750
    Pembroke Appalachia Service Project
    7 Brady Street
    Rockland,MA02370     		N/A PC General Operating Support 1,000
    Perkins School for the Blind
    175 North Beacon Street
    Watertown,MA02472     		N/A PC General Operating Support 1,000
    Piarist Fathers
    1339 Monroe Street NE
    Washington,DC20017     		N/A PC General Operating Support 1,000
    Pine Street Inn
    434 Harrison Avenue
    Boston,MA02118     		N/A PC General Operating Support 2,000
    Plummer Youth Promise
    37 Winter Island Road
    Salem,MA01970     		N/A PC General Operating Support 750
    Presentation School Foundation
    PO Box 35834
    Brighton,MA02135     		N/A PC General Operating Support 1,000
    Project Place
    1145 Washington Street
    Boston,MA02118     		N/A PC General Operating Support 500
    Pulmonary Fibrosis Foundation
    230 East Ohio Street No 304
    Chicago,IL60611     		N/A PC General Operating Support 750
    Regina Cleri (Archdiocese of Boston)
    PO Box 9134
    Canton,MA02021     		N/A PC General Operating Support 2,000
    Riverside Community Care
    270 Bridge Street Suite 301
    Dedham,MA02026     		N/A PC General Operating Support 750
    Rostro de Cristo
    66 Brooks Drive
    Braintree,MA02184     		N/A PC General Operating Support 500
    Sacred Heart Parish aka Divine Mercy Parish
    386 Hancock Street
    Quincy,MA02171     		N/A PC General Operating Support 3,500
    Sacred Heart School
    399 Bishops Highway
    Kingston,MA02364     		N/A PC General Operating Support 2,500
    Saint Joseph Parish Schools
    1382 Highland Avenue
    Needham,MA02492     		N/A PC General Operating Support 750
    Saint Joseph Preparatory High School
    637 Cambridge Street
    Brighton,MA02135     		N/A PC General Operating Support 1,000
    Samaritans
    41 West Street Floor 4
    Boston,MA02111     		N/A PC General Operating Support 1,000
    San Marco Catholic Church
    851 San Marco Road
    Marco Island,FL34145     		N/A PC General Operating Support 1,000
    School on Wheels of Massachusetts Inc
    100 Laurel Street
    E Bridgewater,MA02333     		N/A PC General Operating Support 1,500
    Second Chances
    PO Box 441328
    Somerville,MA02144     		N/A PC General Operating Support 1,000
    Smile Train
    41 Madison Avenue
    New York,NY10010     		N/A PC General Operating Support 1,000
    Society of St Vincent de Paul
    18 Canton Street
    Stoughton,MA02072     		N/A PC General Operating Support 1,000
    Somerville Homeless Coalition
    1 Davis Square
    Somerville,MA02144     		N/A PC General Operating Support 2,000
    Special Olympics Massachusetts Inc
    512 Forest Street
    Marlborough,MA01752     		N/A PC General Operating Support 2,000
    Springwell
    307 Waverley Oaks Road Suite 205
    Waltham,MA02452     		N/A PC General Operating Support 1,500
    St Anthony's Shrine
    100 Arch Street
    Boston,MA02110     		N/A SO I General Operating Support 2,000
    St Catherine's of Siena School
    249 Nathan Street
    Norwood,MA02062     		N/A PC General Operating Support 750
    St Columbkille Partnership School
    25 Arlington Street
    Brighton,MA02135     		N/A PC General Operating Support 750
    St Finbarr Catholic Church
    13520 Tamiami Trail E
    Naples,FL34114     		N/A PC General Operating Support 4,000
    St Francis House
    39 Boylston Street
    Boston,MA02116     		N/A PC General Operating Support 2,000
    St Jude Childrens Research Hospital
    501 St Jude Place
    Memphis,TN38105     		N/A PC General Operating Support 1,000
    St Mary's Center for Women and Children
    90 Cushing Avenue
    Dorchester,MA02125     		N/A PC General Operating Support 2,000
    St Matthews House
    2001 Airport Road South
    Naples,FL34112     		N/A PC General Operating Support 2,000
    St Sebastians School
    1191 Greendale Avenue
    Needham,MA02492     		N/A PC General Operating Support 1,500
    St Yves School Foundation
    64 Holmes Street
    Quincy,MA02171     		N/A PC General Operating Support 750
    Susan G Komen Foundation
    5005 LBJ Freeway Suite 526
    Dallas,TX75244     		N/A PC General Operating Support 750
    Teen Challenge NE
    1315 Main Street
    Brockton,MA02301     		N/A PC General Operating Support 750
    The Leukemia & Lymphoma Society
    3 International Drive Suite 200
    Rye Brook,NY10573     		N/A PC General Operating Support 750
    The Price Center
    27 Christina Street
    Newton,MA02461     		N/A PC General Operating Support 500
    The Salvation Army
    615 Slaters Lane
    Alexandria,VA22314     		N/A PC General Operating Support 1,500
    The Shelter for Abused Women & Children Inc
    PO Box 10102
    Naples,FL34101     		N/A PC General Operating Support 1,500
    The Women's Lunch Place
    67 Newbury Street
    Boston,MA02116     		N/A PC General Operating Support 1,500
    Twin to Twin Transfusion Syndrome Foundation Inc
    411 Longbeach Parkway
    Bay Village,OH44140     		N/A PC General Operating Support 500
    United Service Organizations Inc
    2111 Wilson Boulevard Suite 1200
    Arlington,VA22201     		N/A PC General Operating Support 1,000
    Walpole High School
    275 Common Street
    Walpole,MA02081     		N/A GOV General Operating Support 500
    Walpole Public Schools
    135 School Street
    Walpole,MA02081     		N/A GOV General Operating Support 400
    Watertown Boys and Girls Club
    25 Whites Avenue
    Watertown,MA02472     		N/A PC General Operating Support 1,000
    Wounded Warrior Project
    4899 Belfort Road Suite 300
    Jacksonville,FL32256     		N/A PC General Operating Support 2,000
    Xaverian Brothers High School
    800 Clapboardtree Street
    Westwood,MA02090     		N/A PC General Operating Support 500
    Young Life Boston Southwest
    314 North Street
    Walpole,MA02081     		N/A PC General Operating Support 750
    YWCA Boston
    140 Clarendon Street Suite 403
    Boston,MA02116     		N/A PC General Operating Support 1,000
    Total .................................bullet 3a 180,150
    bApproved for future payment
    Total .................................bullet 3b 0
    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 5,751  
    4 Dividends and interest from securities....     14 218,084  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 825,944  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 1,049,779 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,049,779
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

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


    		 Phone no.
    Form 990-PF (2020)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 AccountingFeesSchedule
    Name:
    The Bay State Federal Savings
     
    Charitable Foundation
    EIN:
    04-3415547
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Accounting Fees 4,950 2,475   2,475

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

    TY 2020 ExpenditureResponsibilityStmt
    Name:
    The Bay State Federal Savings
     
    Charitable Foundation
    EIN:
    04-3415547
    Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
    Marine Corps League
          		215 Mt Auburn Street
    Watertown,MA02472     		2019-02-01 750 The Bay State Federal Savings Charitable Foundation provided grant funds to the Marine Corps League to support their community outreach and scholarship program. The Marine Corps League supports youth programs and continuous support of veterans hospitals in and around the community of Watertown, Massachusetts. The Marine Corps League is a 501(c)(4) organization. 750 None Narrative and financial reports were received on June 30, 2020. 2020-06-30 The Bay State Federal Savings Charitable Foundation grant funds to the Marine Corps League were used to support the mission of the Marine Corps League.

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    The Bay State Federal Savings
     
    Charitable Foundation
    EIN:
    04-3415547
    Name of Stock End of Year Book Value End of Year Fair Market Value
    1004.946 units Clorox Co 202,919 202,919
    256.000 units Corteva Inc 9,912 9,912
    256.000 units Dow Inc 14,208 14,208
    257.293 units Dupont De Nemours Inc 18,296 18,296
    1000.000 units IBM Corp 125,880 125,880
    6000.000 units KKR & Co Inc 242,940 242,940
    225.000 units McDonalds Corp 48,281 48,281
    10000.000 units Merck & Co 81,800 81,800
    385.000 units Nvidia Corp 201,047 201,047
    565.000 units Salesforce.com Inc 125,730 125,730
    1006.527 units Texas Instruments Inc 165,201 165,201
    1540.000 units Thermo Fisher Scientific 717,301 717,301
    80.000 units 3M Company 13,983 13,983
    200.000 units Alphabet Inc 175,264 175,264
    3000.000 units Bank of America Corp 90,930 90,930
    1000.000 units Citigroup Inc 61,660 61,660
    4000.000 units Citizens Financial Group 143,040 143,040
    1000.000 units JP Morgan Chase & Co. 127,070 127,070
    8000.000 units People's United Financial Inc 103,440 103,440
    750.000 units PNC Financial Services Group 111,750 111,750
    347 units Amazon.com Inc 1,130,155 1,130,155
    271 units Blackrock Inc 195,537 195,537
    7248 units Apple Inc 961,737 961,737
    2945 units Microsoft Corp 655,027 655,027
    1287 units Paypal Holdings Inc 301,415 301,415
    85 units Alphabet Inc Cl C 148,910 148,910
    85 units Alphabet Inc Cl A 148,975 148,975
    6318 units iShares Core MSCI Emerging Markets ETF 391,969 391,969
    940 units Vanguard Small Cap Value ETF 133,677 133,677
    284 units Home Depot Inc 75,436 75,436
    314 units McDonalds Corp 67,378 67,378
    719 units Starbucks Corp 76,919 76,919
    366 units Target Corp 64,610 64,610
    948 units Coca Cola Co 51,988 51,988
    486 untis General Mills Inc 28,577 28,577
    221 units Kimberly Clark Corp 30,033 30,033
    323 units Pepsico Inc 48,231 48,231
    582 units Philip Morris Intl Inc 48,882 48,882
    462 units Procter & Gamble Co 64,283 64,283
    305 units Walmart Inc 44,131 44,131
    592 units Chevron Corp 49,994 49,994
    623 units Exxon Mobil Corp 25,680 25,680
    313 units Allstate Corp 34,577 34,577
    74 units Blackrock Inc 53,394 53,394
    554 units Blackstone Group Inc 35,905 35,905
    722 units Citigroup Inc 44,519 44,519
    747 units JP Morgan Chase & Co 94,921 94,921
    1059 units Morgan Stanley 72,573 72,573
    823 units Truist Financial Corp 39,446 39,446
    336 units Abbott Labs 36,789 36,789
    566 units Abbvie Inc 60,647 60,647
    135 units Amgen Inc 31,039 31,039
    693 units Bristol Myers Squibb Co 43,327 43,327
    651 units CVS Health Corp 44,463 44,463
    503 units Johnson & Johnson 79,162 79,162
    249 units Eli Lilly & Co 42,041 42,041
    765 units Merck & Co Inc 63,074 63,074
    1505 units Pfizer Inc 55,399 55,399
    119 units UnitedHealth Group Inc 41,731 41,731
    186.979 units Viatris Inc 3,504 3,504
    496 units Eaton Corp PLC 59,589 59,589
    533 units Emerson Elec Co 42,837 42,837
    252 units Honeywell Intl Inc 53,600 53,600
    143 units Lockheed Martin Corp 50,762 50,762
    216 units Union Pacific Corp 44,976 44,976
    364 units UPS Inc 61,298 61,298
    195 units Accenture PLC 50,936 50,936
    452 units Analog Devices Inc 66,774 66,774
    1827 units Apple Inc 242,425 242,425
    162 units Broadcom Inc 70,932 70,932
    1575 units Cisco Systems Inc 70,481 70,481
    660 Intel Corp 32,881 32,881
    251 units IBM 31,596 31,596
    226 units Mastercard Inc 80,668 80,668
    834 units Microsoft Corp 185,498 185,498
    435 units Texas Instruments Inc 71,397 71,397
    412 units Visa Inc 90,117 90,117
    175 units Air Prods & Chems Inc 48,048 48,048
    742 units Dow Inc 41,181 41,181
    330 units Crown Castle Intl Corp 52,533 52,533
    264 units Digital Rlty TR Inc 37,127 37,127
    1928 units AT&T Inc 55,449 55,449
    1286 units Comcast Corp 67,386 67,386
    925 units Verizon Communications 54,344 54,344
    1669 units Viacom CBS Inc 62,588 62,588
    607 units American Electric Power Inc 50,545 50,545
    684 units Dominion Energy Inc 51,437 51,437
    198 units Sempra Energy 25,434 25,434
    236 units Alibaba Group Holding Ltd 54,924 54,924
    31 units Amazon.com Inc 100,965 100,965
    511 units Aptiv PLC 66,578 66,578
    573 units Moet Hennessy Louis Vuitton 71,638 71,638
    186 units Diageo PLC 29,539 29,539
    278 units Nestle SA 32,790 32,790
    265 units Procter & Gamble Co 36,872 36,872
    319 units Chevron Corp 26,940 26,940
    192 units Berkshire Hathaway Inc 44,519 44,519
    81 units Blackrock Inc 58,445 58,445
    426 units Blackstone Group Inc 27,609 27,609
    819 units Citigroup Inc 50,500 50,500
    2011 units DBS Group Holdings 38,100 38,100
    203 units Intercontinental Exchange Inc 23,404 23,404
    48 units S&P Global Inc 15,779 15,779
    291 units Transunion 28,873 28,873
    456 units Abbott Labs 49,927 49,927
    1108 units Boston Scientific Corp 39,833 39,833
    246 units Hill Rom Holdings Inc 24,101 24,101
    131 units Repligen Corp 25,104 25,104
    118 units Roche Holdings AG-Genusschein 41,249 41,249
    194 units Teladoc Health Inc 38,792 38,792
    107 units UnitedHealth Group Inc 37,523 37,523
    528 units Atlas Copco AB 27,073 27,073
    232 units Fanuc Corp 56,986 56,986
    268 units Fortive Corp 18,980 18,980
    70 units Adobe Inc 35,008 35,008
    617 units Apple Inc 81,870 81,870
    99 units ASML Holdings NV 48,284 48,284
    98 units Atlassian Corp PLC 22,919 22,919
    145 units Broadcom Inc 63,488 63,488
    213 units Dassault Systemes 43,301 43,301
    106 units Keyence Corp 59,548 59,548
    198 units Mastercard Inc 70,674 70,674
    263 units Microsoft Corp 58,496 58,496
    558 units Nidec Corp 70,152 70,152
    140 units NXP Semiconductors NV 22,314 22,314
    262 units Paypal Holdings Inc 61,360 61,360
    22 units Shoppfy Inc 24,903 24,903
    450 units Taiwan Semiconductor MFG LTD 49,267 49,267
    1058 units Freeport-McMoran Inc 27,529 27,529
    30 units Alphabet Inc 52,579 52,579
    195 units Walt Disney Co 35,330 35,330
    153 units Facebook Inc 41,793 41,793
    919 units Tencent Holdings LTD 66,846 66,846
    819 units Nextera Energy Inc 63,186 63,186
    807 units Asahi Group Holdings LTD 33,587 33,587

    TY 2020 InvestmentsOtherSchedule2
    Name:
    The Bay State Federal Savings
     
    Charitable Foundation
    EIN:
    04-3415547
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    6000.747 units Vanguard/Wellesley Income Fund Admiral FMV 411,831 411,831

    TY 2020 LandEtcSchedule2
    Name:
    The Bay State Federal Savings
     
    Charitable Foundation
    EIN:
    04-3415547
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    Furniture 57,881 57,881 0 57,881
    Leasehold Improvements 67,784 67,784 0 67,784
    Computer Equipment 31,142 31,142 0 31,142


    TY 2020 OtherExpensesSchedule
    Name:
    The Bay State Federal Savings
     
    Charitable Foundation
    EIN:
    04-3415547
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Office Expenses 15,830 0   15,830
    Insurance 4,664 0   4,664
    Accrual to Cash Adjustment 321 0   321
    Accrual to Cash Adjustment (excise taxes) -2,622 0   0


    TY 2020 OtherIncreasesSchedule
    Name:
    The Bay State Federal Savings
     
    Charitable Foundation
    EIN:
    04-3415547
    Description Amount
    Unrealized Gains/Losses on Investments 1,891,615


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    The Bay State Federal Savings
     
    Charitable Foundation
    EIN:
    04-3415547
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Management 74,951 74,951   0
    Contracted Services 3,522 0   3,522
    Community Liaison 70,000 0   70,000


    TY 2020 TaxesSchedule
    Name:
    The Bay State Federal Savings
     
    Charitable Foundation
    EIN:
    04-3415547
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Payroll Taxes 10,709 0   10,709
    Foreign Taxes 1,096 1,096   0