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
EAST BOSTON SAVINGS BANK CHARITABLE
FOUNDATION INC
Number and street (or P.O. box number if mail is not delivered to street address)67 PROSPECT STREET
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PEABODY, MA01960
A Employer identification number

04-3406328
B Telephone number (see instructions)

(978) 977-2200
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$9,637,159J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 0
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 213,927 213,927  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 299,068
b Gross sales price for all assets on line 6a 421,103
7 Capital gain net income (from Part IV, line 2)... 421,103
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........ 512,995 635,030  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 2,000 0   2,000
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 1,000 0   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 17,757 0   17,757
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 20,757 0   19,757
25 Contributions, gifts, grants paid....... 581,825 581,825
26 Total expenses and disbursements. Add lines 24 and 25 602,582 0   601,582
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -89,587
b Net investment income (if negative, enter -0-) 635,030
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............. 80,373 116,826 116,826
2 Savings and temporary cash investments......... 4,028    
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)....... 13,430,567 Click to see attachment9,520,333 9,520,333
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)..........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 13,514,968 9,637,159 9,637,159
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 13,514,968 9,637,159
29 Total net assets or fund balances (see instructions)..... 13,514,968 9,637,159
30 Total liabilities and net assets/fund balances (see instructions). 13,514,968 9,637,159
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
13,514,968
2
Enter amount from Part I, line 27a .....................
2
-89,587
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
13,425,381
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
3,788,222
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
9,637,159
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 MERIDIAN BANCORP INC D   2020-12-01
b MERIDIAN BANCORP INC D   2020-12-02
c MERIDIAN BANCORP INC (ADJUSTED STOCK GAIN) D    
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 210,139     210,139
b 210,964     210,964
c       0
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       210,139
b       210,964
c       0
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 2 421,103
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 8,827
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 8,827
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 8,827
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 5,063
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 5,063
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 10
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 3,774
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet   RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 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
    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.EBSB.COM
    14
    The books are in care ofbulletKENNETH FISHER Telephone no.bullet (978) 977-2251

    Located atbullet67 PROSPECT STREETPEABODYMA ZIP+4bullet01960
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
    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 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
     
    No
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    MARK L ABBATE TREASURER (ENDED 6/1/2020)
    1.00     		0 0 0
    67 PROSPECT STREET
    PEABODY,MA01960
    RICHARD J GAVEGNANO PRESIDENT
    1.00     		0 0 0
    67 PROSPECT STREET
    PEABODY,MA01960
    MARTHA R BAGLEY ESQUIRE DIRECTOR
    1.00     		500 0 0
    67 PROSPECT STREET
    PEABODY,MA01960
    GRACE PREVITE MAGOON DIRECTOR
    1.00     		500 0 0
    67 PROSPECT STREET
    PEABODY,MA01960
    RUTH A SHEETS DIRECTOR
    1.00     		500 0 0
    67 PROSPECT STREET
    PEABODY,MA01960
    PETER F SCOLARO DIRECTOR
    1.00     		500 0 0
    67 PROSPECT STREET
    PEABODY,MA01960
    PAULA M COTTER CLERK
    1.00     		0 0 0
    67 PROSPECT STREET
    PEABODY,MA01960
    KENNETH FISHER TREASURER (AS OF 10/29/2020)
    1.00     		0 0 0
    67 PROSPECT STREET
    PEABODY,MA01960
    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
    NONE
    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
    9,010,626
    b
    Average of monthly cash balances.......................
    1b
    66,147
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    9,076,773
    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
    9,076,773
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    136,152
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    8,940,621
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    447,031
    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
    447,031
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    8,827
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    8,827
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    438,204
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    438,204
    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
    438,204
    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
    601,582
    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
    601,582
    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
    601,582
    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 7 438,204
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 416,702
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017......  
    d From 2018......  
    e From 2019......  
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 601,582
    a Applied to 2019, but not more than line 2a 416,702
    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..... 184,880
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2020. 0 0
    (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 0
    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 ..........     		253,324
    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 ......     		0
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019....  
    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:
    KENNETH FISHER
    67 PROSPECT STREET
    PEABODY,MA01960
    (978) 977-2251
    bThe form in which applications should be submitted and information and materials they should include:
    APPLICATION AVAILABLE BY WRITING FOUNDATION. SEE WEBSITE WWW.EBSB.COM COMMUNITY FOR ELIGIBILITY & APPLICATION REQUIREMENTS
    cAny submission deadlines:
    PLEASE SEE APPLICATION
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    501(C)(3) PUBLIC CHARITIES SERVING THE RESIDENTS OF EAST BOSTON, WINTHROP, REVERE, SAUGUS, LYNNFIELD, MELROSE, PEABODY, OTHER COMMUNITIES WILL BE CONSIDERED IF FUNDING IS AVAILABLE. NO GRANTS SHALL BE MADE TO INDIVIDUALS OR FOR ANNUAL GIVING OR EXISTING PROGRAMS.
    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
    ALL DORCHESTER SPORTS LEAGUE
    1565 DORCHESTER AVENUE
    DORCHESTER,MA02122     		NOT RELATED PC EXEMPT PURPOSES 2,500
    ALLSTON BRIGHTON COMMUNITY DEVELOPMENT CORP
    18R SHEPARD STREET SUITE 100
    BRIGHTON,MA02135     		NOT RELATED PC EXEMPT PURPOSES 5,000
    ARTISTS FOR HUMANITY
    100 WEST SECOND STREET
    BOSTON,MA02127     		NOT RELATED PC EXEMPT PURPOSES 2,500
    ASIAN AMERICAN CIVIC ASSOCIATION
    87 TYLER STREET 5TH FLOOR
    BOSTON,MA02111     		NOT RELATED PC EXEMPT PURPOSES 3,000
    ASIAN COMMUNITY DEVELOPMENT CORP
    38 OAK STREET
    BOSTON,MA02111     		NOT RELATED PC EXEMPT PURPOSES 5,000
    BEYOND WALLS INC
    18 MOUNT VERNON STREET
    LYNN,MA01901     		NOT RELATED PC EXEMPT PURPOSES 5,000
    BIRTHDAY WISHES INC
    24 SUPERIOR DRIVE B1
    NEWTON,MA01760     		NOT RELATED PC EXEMPT PURPOSES 3,000
    BISHOP FENWICK HIGH SCHOOL
    99 MARGIN STREET
    PEABODY,MA01960     		NOT RELATED PC EXEMPT PURPOSES 5,000
    BOSTON CANCER SUPPORT ORG INC
    831 BEACON STREET SUITE 107
    NEWTON,MA02459     		NOT RELATED PC EXEMPT PURPOSES 5,000
    BOSTON CASA INC
    85 MERRIMAC STREET SUITE 401
    BOSTON,MA02114     		NOT RELATED PC EXEMPT PURPOSES 2,500
    BOSTON CENTER FOR INDEPENDENT LIVING
    60 TEMPLE PLACE 5TH FLOOR
    BOSTON,MA02111     		NOT RELATED PC EXEMPT PURPOSES 3,000
    BOSTON CHILDREN'S CHORUS
    20 OLD COLONY AVENUE 2ND FLOOR
    BOSTON,MA02127     		NOT RELATED PC EXEMPT PURPOSES 5,000
    BOSTON CHINATOWN NEIGHBORHOOD CENTER INC
    885 WASHINGTON STREET
    BOSTON,MA02111     		NOT RELATED PC EXEMPT PURPOSES 5,000
    BOSTON CITY SINGERS
    17 WALDECK STREET
    DORCHESTER,MA02124     		NOT RELATED PC EXEMPT PURPOSES 1,500
    BOSTON COLLEGIATE CHARTER SCHOOL
    215 SYDNEY STREET
    DORCHESTER,MA02125     		NOT RELATED PC EXEMPT PURPOSES 5,000
    BOSTON GREEN ACADEMY FOUNDATION
    20 WARREN STREET
    BRIGHTON,MA02136     		NOT RELATED PC EXEMPT PURPOSES 3,000
    BOSTON RESCUE MISSION INC
    39 KINGSTON STREET
    BOSTON,MA02119     		NOT RELATED PC EXEMPT PURPOSES 5,000
    BOSTON YOUTH SYMPHONY ORCHESTRAS INC
    855 COMMONWEALTH AVE
    BOSTON,MA02215     		NOT RELATED PC EXEMPT PURPOSES 2,000
    BOYS & GIRLS CLUB OF LYNN
    25 NORTH COMMON STREET
    LYNN,MA01902     		NOT RELATED PC EXEMPT PURPOSES 5,000
    BOYS & GIRLS CLUB OF STONEHAM
    15 DALE COURT
    STONEHAM,MA02180     		NOT RELATED PC EXEMPT PURPOSES 5,000
    BOYS AND GIRLS CLUB OF DORCHESTER
    1135 DORCHESTER AVE
    DORCHESTER,MA02125     		NOT RELATED PC EXEMPT PURPOSES 5,000
    BREAD OF LIFE
    54 EASTERN AVE
    MALDEN,MA02148     		NOT RELATED PC EXEMPT PURPOSES 5,000
    BROOKLINE COMMUNITY FOUNDATION
    40 WEBSTER PLACE
    BROOKLINE,MA02445     		NOT RELATED PC EXEMPT PURPOSES 7,000
    BUILD BOSTON
    745 ATLANTIC AVE 8TH FLOOR
    BOSTON,MA02111     		NOT RELATED PC EXEMPT PURPOSES 5,000
    BUILDING BRIDGES THROUGH
    93 EUCLID AVE
    LYNN,MA01904     		NOT RELATED PC EXEMPT PURPOSES 2,000
    CAMBRIDGE COLLEGE
    500 RUTHERFORD AVE
    BOSTON,MA02129     		NOT RELATED PC EXEMPT PURPOSES 2,000
    CANDORFUL INC
    10 NEW STREET SUITE 1012
    BOSTON,MA02128     		NOT RELATED PC EXEMPT PURPOSES 2,500
    CARE DIMENSIONS
    75 SYLVAN STREET SUITE B-102
    DANVERS,MA01923     		NOT RELATED PC EXEMPT PURPOSES 5,000
    CHILD & FAMILY SERVICES
    3057 ACUSHNET AVE
    NEW BEDFORD,MA02745     		NOT RELATED PC EXEMPT PURPOSES 1,000
    CHILDREN'S SERVICES OF ROXBURY
    520 DUDLEY STREET
    ROXBURY,MA02119     		NOT RELATED PC EXEMPT PURPOSES 5,000
    CITIZENS INN INC
    81 MAIN STREET
    PEABODY,MA01960     		NOT RELATED PC EXEMPT PURPOSES 5,000
    CITY MISSION
    185 COLUMBIA ROAD SUITE 317
    BOSTON,MA02130     		NOT RELATED PC EXEMPT PURPOSES 2,500
    CODMAN SQUARE HEALTH CENTER INC
    PO BOX 990404
    DORCHESTER,MA02124     		NOT RELATED PC EXEMPT PURPOSES 3,000
    COLLEGE APPLICATION EDUCATION PROJECT INC
    4 ADAMS STREET EXT
    LYNN,MA01905     		NOT RELATED PC EXEMPT PURPOSES 3,000
    COMMUNITY ACTION AGENCY OF SOMERVILLE INC
    66-70 UNION SQUARE SUITE 201
    SOMERVILLE,MA02143     		NOT RELATED PC EXEMPT PURPOSES 5,000
    CRADLES TO CRAYONS
    281 NEWTONVILLE AVE
    NEWTON,MA02460     		NOT RELATED PC EXEMPT PURPOSES 2,500
    CREATIVE LIVING INC
    368 SOUTH MAIN STREET PO BOX 3177
    ANDOVER,MA01810     		NOT RELATED PC EXEMPT PURPOSES 3,000
    CRISTO REY BOSTON HIGH SCHOOL
    100 SAVIN HILL AVENUE
    BOSTON,MA02125     		NOT RELATED PC EXEMPT PURPOSES 5,000
    CROSSROADS
    56 HAVRE STREET
    EAST BOSTON,MA02128     		NOT RELATED PC EXEMPT PURPOSES 2,500
    CURRY COLLEGE
    1071 BLUE HILL AVENUE
    MILTON,MA02186     		NOT RELATED PC EXEMPT PURPOSES 5,000
    DANA FARBER CANCER INSTITUTE
    10 BROOKLINE PLACE WEST
    BROOKLINE,MA02445     		NOT RELATED PC EXEMPT PURPOSES 5,000
    DOTHOUSE HEALTH
    1353 DORCHESTER AVE
    DORCHESTER,MA02122     		NOT RELATED PC EXEMPT PURPOSES 5,000
    EAST BOSTON MAIN STREET
    154 MAVERICK STREET
    EAST BOSTON,MA02128     		NOT RELATED PC EXEMPT PURPOSES 2,000
    EAST BOSTON NEIGHBORHOOD HEALTH CENTER
    10 GOVE STREET
    BOSTON,MA02128     		NOT RELATED PC EXEMPT PURPOSES 6,000
    EAST BOSTON YMCA
    215 BREMEN STREET
    EAST BOSTON,MA02128     		NOT RELATED PC EXEMPT PURPOSES 2,300
    ENROOT INC
    99 BISHOP ALLEN DRIVE
    CAMBRIDGE,MA02139     		NOT RELATED PC EXEMPT PURPOSES 2,500
    EPIPHANY SCHOOL
    154 CENTRE STREET
    DORCHESTER,MA02124     		NOT RELATED PC EXEMPT PURPOSES 3,000
    FAMILY AID BOSTON
    3815 WASHINGTON STREET
    LYNN,MA01902     		NOT RELATED PC EXEMPT PURPOSES 5,000
    FAMILY AND CHILDREN'S SERVICE
    111 NORTH COMMON STREET
    BOSTON,MA02130     		NOT RELATED PC EXEMPT PURPOSES 5,000
    FAMILY NURTURING CENTER OF MASSACHUSETTS
    200 BOWDOIN STREET
    DORCHESTER,MA02122     		NOT RELATED PC EXEMPT PURPOSES 2,500
    FENWAY CDC
    70 BURBANK STREET
    BOSTON,MA02115     		NOT RELATED PC EXEMPT PURPOSES 2,500
    FOR KIDS ONLY AFTERSCHOOL
    194 ESSEX STREET
    SALEM,MA01970     		NOT RELATED PC EXEMPT PURPOSES 5,000
    FOURTH PRESBYTERIAN CHURCH
    340 DORCHESTER STREET
    SOUTH BOSTON,MA02127     		NOT RELATED PC EXEMPT PURPOSES 3,500
    FRIENDS OF ENDICOTT PARK
    57 FOREST STREET
    DANVERS,MA01923     		NOT RELATED PC EXEMPT PURPOSES 5,000
    FRIENDS OF NORTHSHORE EDUCATION CONSORTIUM
    112 SOHIER ROAD
    BEVERLY,MA01915     		NOT RELATED PC EXEMPT PURPOSES 5,000
    GENERATIONS INC
    25 KINGSTON STREET 4TH FLOOR
    BOSTON,MA02115     		NOT RELATED PC EXEMPT PURPOSES 5,000
    GIFTS THAT MATTER
    32 GREAT POND DRIVE
    BOXFORD,MA01921     		NOT RELATED PC EXEMPT PURPOSES 5,000
    GIRLS INC OF LYNN
    50 HIGH STREET
    LYNN,MA01902     		NOT RELATED PC EXEMPT PURPOSES 5,000
    GREATER LYNN YMCA
    20 NEPTUNE BLVD
    LYNN,MA01902     		NOT RELATED PC EXEMPT PURPOSES 5,000
    HABITAT FOR HUMANITY NORTH SHORE
    14 PARK STREET
    DANVERS,MA01923     		NOT RELATED PC EXEMPT PURPOSES 5,000
    HARBORCOV
    PO BOX 505754
    CHELSEA,MA02150     		NOT RELATED PC EXEMPT PURPOSES 1,000
    HARBORLIGHT COMMUNITY PARTNERS
    PO BOX 507
    BEVERLY,MA01915     		NOT RELATED PC EXEMPT PURPOSES 5,000
    HAWC
    27 CONGRESS STREET SUITE 204
    SALEM,MA01970     		NOT RELATED PC EXEMPT PURPOSES 5,000
    HOUSING FAMILIES INC
    919 EASTERN AVE
    MALDEN,MA02148     		NOT RELATED PC EXEMPT PURPOSES 5,000
    HYDE PARK YMCA
    1137 RIVER STREET
    HYDE PARK,MA02136     		NOT RELATED PC EXEMPT PURPOSES 2,500
    HYDE SQUARE TASK FORCE
    PO BOX 301871
    JAMAICA PLAIN,MA02130     		NOT RELATED PC EXEMPT PURPOSES 2,000
    JEWISH VOCATIONAL SERVICES
    75 FEDERAL STREET 3RD FLOOR
    BOSTON,MA02110     		NOT RELATED PC EXEMPT PURPOSES 5,000
    JOINT COMMITTEE FOR CHILDRENS HEALTH CARE IN EVERETT
    484 BROADWAY ROOM 2
    EVERETT,MA02149     		NOT RELATED PC EXEMPT PURPOSES 5,000
    JOSIAH QUINCY ORCHESTRA PROGRAM
    885 WASHINGTON STREET
    BOSTON,MA02111     		NOT RELATED PC EXEMPT PURPOSES 5,000
    JUVENILE DIABETES RESEARCH FOUNDATION
    60 WALNUT STREET
    WELLESLEY HILLS,MA02481     		NOT RELATED PC EXEMPT PURPOSES 5,000
    KWONG KOW CHINESE SCHOOL
    87 TYLER STREET
    BOSTON,MA02111     		NOT RELATED PC EXEMPT PURPOSES 5,000
    LEAP FOR EDUCATION
    35 CONGRESS STREET SUITE 102
    SALEM,MA01970     		NOT RELATED PC EXEMPT PURPOSES 5,000
    LENA PARK COMMUNITY DEVELOPMENT CORP
    150 AMERICAN LEGION HIGHWAY
    DORCHESTER,MA02124     		NOT RELATED PC EXEMPT PURPOSES 5,000
    LYNN COMMUNITY HEALTH CENTER
    269 UNION STREET
    LYNN,MA01901     		NOT RELATED PC EXEMPT PURPOSES 5,000
    LYNN SHELTER ASSOCIATION
    100 WILLOW STREET
    LYNN,MA01901     		NOT RELATED PC EXEMPT PURPOSES 5,000
    LYNN YOUTH STREET OUTREACH ADVOCACY
    312 A UNION STREET
    LYNN,MA01901     		NOT RELATED PC EXEMPT PURPOSES 3,000
    MADISON PARK DEVELOPMENT CORP
    184 DUDLEY STREET SUITE 200
    ROXBURY,MA02119     		NOT RELATED PC EXEMPT PURPOSES 5,000
    MAIMONIDES SCHOOL
    34 PHILBRICK ROAD
    BROOKLINE,MA02445     		NOT RELATED PC EXEMPT PURPOSES 5,000
    MALDEN YMCA
    99 DARTMOUTH STREET
    MALDEN,MA02148     		NOT RELATED PC EXEMPT PURPOSES 5,000
    MASS BANKERS ASSC CHARITABLE FOUNDATION INC
    ONE WASHINGTON MALL 8TH FLOOR
    BOSTON,MA02108     		NOT RELATED PC EXEMPT PURPOSES 3,000
    MASSACHUSETTS COALITION FOR THE HOMELESS
    73 BUFFUM STREET
    LYNN,MA01902     		NOT RELATED PC EXEMPT PURPOSES 5,000
    MERRIMACK VALLEY YMCA
    360 MERRIMACK STREET 207
    LAWRENCE,MA01843     		NOT RELATED PC EXEMPT PURPOSES 4,000
    METRO HOUSINGBOSTON
    1411 TREMONT STREET
    BOSTON,MA02120     		NOT RELATED PC EXEMPT PURPOSES 3,000
    MISSION OF DEEDS INC
    6 CHAPIN AVENUE
    READING,MA01867     		NOT RELATED PC EXEMPT PURPOSES 5,000
    MONSIGNOR NEAGLE APARTMENTS INC
    350 CHARLES STREET
    MALDEN,MA02148     		NOT RELATED PC EXEMPT PURPOSES 5,000
    MUSICONNECTS INC
    20 BELGRADE AVENUE SUITE 1
    ROSLINDALE,MA02131     		NOT RELATED PC EXEMPT PURPOSES 5,000
    MYSTIC VALLEY ELDER SERVICES
    300 COMMERCIAL STREET 19
    MALDEN,MA02131     		NOT RELATED PC EXEMPT PURPOSES 5,000
    NEW ENGLAND CENTER AND HOME FOR VETERANS
    17 COURT STREET
    BOSTON,MA02148     		NOT RELATED PC EXEMPT PURPOSES 5,000
    NEW ENGLAND CENTER FOR THE ARTS AND TECHNOLOGY
    23 BRADSTON STREET FLOOR 2
    BOSTON,MA02108     		NOT RELATED PC EXEMPT PURPOSES 2,500
    NOAH
    143 BORDER STREET
    EAST BOSTON,MA02128     		NOT RELATED PC EXEMPT PURPOSES 5,000
    NORTH END MUSIC & PERFORMING ARTS CENTER
    PO BOX 130255
    BOSTON,MA02113     		NOT RELATED PC EXEMPT PURPOSES 5,000
    NORTH SHORE COMMUNITY DEVELOPMENT COALITION
    96 LAFAYETTE STREET 2ND FLOOR
    SALEM,MA01970     		NOT RELATED PC EXEMPT PURPOSES 2,500
    NORTH SHORE CONCERT BAND
    PO BOX 4292
    PEABODY,MA01960     		NOT RELATED PC EXEMPT PURPOSES 1,000
    OPERATION ABLE OF GREATER BOSTON
    174 PORTLAND STREET
    BOSTON,MA02114     		NOT RELATED PC EXEMPT PURPOSES 2,500
    PIERS PARK SAILING CENTER
    95 MARGINAL STREET
    EAST BOSTON,MA02128     		NOT RELATED PC EXEMPT PURPOSES 5,000
    PINE STREET INN
    444 HARRISON AVENUE
    BOSTON,MA02118     		NOT RELATED PC EXEMPT PURPOSES 5,000
    POWERS MUSIC SCHOOL
    PO BOX 398
    BELMONT,MA02478     		NOT RELATED PC EXEMPT PURPOSES 3,000
    PROJECT BREAD
    145 BORDER STREET
    EAST BOSTON,MA02128     		NOT RELATED PC EXEMPT PURPOSES 5,000
    PROJECT PLACE INC
    1145 WASHINGTON STREET
    BOSTON,MA02118     		NOT RELATED PC EXEMPT PURPOSES 3,000
    RAW ART WORKS
    37 CENTRAL SQUARE
    LYNN,MA01901     		NOT RELATED PC EXEMPT PURPOSES 3,000
    RUTHS WAY INC
    23 SWAN AVENUE
    EAST BOSTON,MA02128     		NOT RELATED PC EXEMPT PURPOSES 5,000
    SAINT MARK COMMUNITY EDUCATION PROGRAM
    25 BEACH STREET
    DORCHESTER,MA02122     		NOT RELATED PC EXEMPT PURPOSES 3,000
    SALESIAN BOYS & GIRLS CLUB
    150 BYRON STREET
    EAST BOSTON,MA02128     		NOT RELATED PC EXEMPT PURPOSES 12,000
    SAMARITANS INC
    41 WEST STREET 4TH FLOOR
    BOSTON,MA02111     		NOT RELATED PC EXEMPT PURPOSES 3,000
    SAUGUS FAMILY YMCA
    298 MAIN STREET
    SAUGUS,MA01906     		NOT RELATED PC EXEMPT PURPOSES 5,000
    SAVE THE HARBORSAVE THE BAY
    212 NORTHERN AVENUE 304 WEST
    BOSTON,MA02210     		NOT RELATED PC EXEMPT PURPOSES 3,000
    SECOND CHANCES INC
    PO BOX 441328
    SOMERVILLE,MA02144     		NOT RELATED PC EXEMPT PURPOSES 3,000
    SELF ESTEEM BOSTON
    PO BOX 301155
    JAMAICA PLAIN,MA02130     		NOT RELATED PC EXEMPT PURPOSES 4,500
    SOUTH BOSTON NEIGHBORHOOD HOUSE
    136 H STREET
    SOUTH BOSTON,MA02127     		NOT RELATED PC EXEMPT PURPOSES 5,000
    TAILORED FOR SUCCESS
    99 DARTMOUTH STREET
    MALDEN,MA02148     		NOT RELATED PC EXEMPT PURPOSES 2,500
    THE CLUBHOUSE NETWORK INC
    2101 WASHINGTON STREET
    ROXBURY,MA02119     		NOT RELATED PC EXEMPT PURPOSES 4,000
    THE HAVEN PROJECT
    57 MUNROE STREET
    LYNN,MA01901     		NOT RELATED PC EXEMPT PURPOSES 3,750
    THE HOUSE OF SEVEN GABLES
    115 DERBY STREET
    SALEM,MA01970     		NOT RELATED PC EXEMPT PURPOSES 5,000
    THE OPEN DOOR
    28 EMERSON AVE
    GLOUCESTER,MA01930     		NOT RELATED PC EXEMPT PURPOSES 3,000
    THE SALEM PANTRY
    PO BOX 295
    SALEM,MA01970     		NOT RELATED PC EXEMPT PURPOSES 5,000
    THE WOMENS' LUNCH PLACE
    67 NEWBURY STREET
    BOSTON,MA02116     		NOT RELATED PC EXEMPT PURPOSES 5,000
    TORAH ACADEMY INC
    11 WILLISTON ROAD
    BROOKLINE,MA02445     		NOT RELATED PC EXEMPT PURPOSES 4,000
    TUTORING PLUS OF CAMBRIDGE INC
    225 WINDSOR STREET
    CAMBRIDGE,MA02139     		NOT RELATED PC EXEMPT PURPOSES 2,000
    VICTORY PROGRAM
    965 MASSACHUSETTS AVENUE
    BOSTON,MA02118     		NOT RELATED PC EXEMPT PURPOSES 5,000
    VNA CARE NETWORK
    199 ROSEWOOD DRIVE SUITE 180
    DANVERS,MA01923     		NOT RELATED PC EXEMPT PURPOSES 5,000
    WAKEFIELD FOOD PANTRY
    PO BOX 1634
    WAKEFIELD,MA01880     		NOT RELATED PC EXEMPT PURPOSES 5,000
    WELLSPRING HOUSE INC
    302 ESSEX AVENUE
    GLOUCESTER,MA01930     		NOT RELATED PC EXEMPT PURPOSES 5,000
    WOBURN COUNCIL OF SOCIAL CONCERN INC
    2 MERRIMAC STREET
    WOBURN,MA01801     		NOT RELATED PC EXEMPT PURPOSES 4,545
    WOMEN'S EDUCATIONAL CENTER
    46 PLEASANT STREET
    CAMBRIDGE,MA02139     		NOT RELATED PC EXEMPT PURPOSES 3,000
    WORLD UNITY INC
    2 ELIOT PLACE
    JAMAICA PLAIN,MA02130     		NOT RELATED PC EXEMPT PURPOSES 1,730
    YMCA OF GREATER BOSTON DORCHESTER
    776 WASHINGTON STREET
    DORCHESTER,MA02124     		NOT RELATED PC EXEMPT PURPOSES 3,000
    YMCA PARKWAY COMMUNITY
    1972 CENTRE STREET
    WEST ROXBURY,MA02132     		NOT RELATED PC EXEMPT PURPOSES 2,000
    YOUTH ENRICHMENT SERVICES INC
    412 MASSACHUSETTS AVE
    BOSTON,MA02118     		NOT RELATED PC EXEMPT PURPOSES 2,500
    YWCA MALDEN
    54 WASHINGTON STREET
    MALDEN,MA02148     		NOT RELATED PC EXEMPT PURPOSES 5,000
    ZUMIX
    260 SUMMER STREET
    EAST BOSTON,MA02128     		NOT RELATED PC EXEMPT PURPOSES 4,000
    MALDEN REDEVELOPMENT AUTHORITY
    17 PLEASANT ST 3RD FLOOR
    MALDEN,MA02148     		NOT RELATED PC EXEMPT PURPOSES 5,000
    AGASSIZ BALDWIN COMMUNITY
    20 SACRAMENTO ST
    CAMBRIDGE,MA02138     		NOT RELATED PC EXEMPT PURPOSES 5,000
    BREAKTHROUGH GREATER BOSTON
    459 BROADWAY
    CAMBRIDGE,MA02138     		NOT RELATED PC EXEMPT PURPOSES 2,500
    BOSTON SCORES
    29 GERMANIA STREET
    BOSTON,MA02130     		NOT RELATED PC EXEMPT PURPOSES 5,000
    CAMBRIDGE ARTS COUNCIL
    344 BROADWAY
    CAMBRIDGE,MA02139     		NOT RELATED PC EXEMPT PURPOSES 2,500
    CATHOLIC CHARITIES
    275 WEST BROADWAY
    SOUTH BOSTON,MA02127     		NOT RELATED PC EXEMPT PURPOSES 2,500
    CHINESE CONSOLIDATED BENEVOLENT ASSOCIATION OF NEW ENGLAND
    90 TYLER ST
    BOSTON,MA02111     		NOT RELATED PC EXEMPT PURPOSES 2,000
    CENTERBOARD INC
    16 CITY HALL SQUARE
    LYNN,MA01901     		NOT RELATED PC EXEMPT PURPOSES 1,500
    EAST BOSTON YMCA
    215 BREMEN STREET
    EAST BOSTON,MA02128     		NOT RELATED PC EXEMPT PURPOSES 5,000
    HYDE PARK FOOD PANTRY
    1179 RIVER ST
    HYDE PARK,MA02136     		NOT RELATED PC EXEMPT PURPOSES 2,000
    IMMIGRANT FAMILY SERVICES INSTITUTE
    575 AMERICAN LEGION HIGHWAY
    ROSLINDALE,MA02131     		NOT RELATED PC EXEMPT PURPOSES 3,000
    MASSACHUSETTS COMMUNITIES ACTION NETWORK
    14 CUSHING AVENUE
    DORCHESTER,MA02125     		NOT RELATED PC EXEMPT PURPOSES 4,500
    SOUTH END ATHLETICS & ACTIVITIES ASSOCIATION INC
    PO BOX 181120
    BOSTON,MA02118     		NOT RELATED PC EXEMPT PURPOSES 2,000
    ST MARY SENIOR LIFE FOUNDATION
    30 PLEASANT ST
    LYNN,MA01902     		NOT RELATED PC EXEMPT PURPOSES 3,000
    YOUTH ENRICHMENT SERVICES INC
    412 MASSACHUSETTS AVE
    BOSTON,MA02118     		NOT RELATED PC EXEMPT PURPOSES 2,500
    SOCIEDAD LATINA INC
    1530 TREMONT ST
    ROXBURY,MA02120     		NOT RELATED PC EXEMPT PURPOSES 2,000
    ROOT NORTH SHORE INC
    35 CONGRESS STREET 2350
    SALEM,MA01970     		NOT RELATED PC EXEMPT PURPOSES 4,000
    Total .................................bullet 3a 581,825
    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 ...........     		         
    4 Dividends and interest from securities....     14 213,927  
    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 ............     		    18 299,068  
    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).. 0 512,995 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    512,995
    (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 InvestmentsCorpStockSchedule
    Name:
    EAST BOSTON SAVINGS BANK CHARITABLE
     
    FOUNDATION INC
    EIN:
    04-3406328
    Name of Stock End of Year Book Value End of Year Fair Market Value
    MERIDIAN BANCORP 9,520,333 9,520,333

    TY 2020 OtherDecreasesSchedule
    Name:
    EAST BOSTON SAVINGS BANK CHARITABLE
     
    FOUNDATION INC
    EIN:
    04-3406328
    Description Amount
    CHANGE IN UNREALIZED GAINS/LOSSES 3,788,222


    TY 2020 OtherExpensesSchedule
    Name:
    EAST BOSTON SAVINGS BANK CHARITABLE
     
    FOUNDATION INC
    EIN:
    04-3406328
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MA FILING FEE 125 0   125
    ROAD RACE 17,632 0   17,632


    TY 2020 TaxesSchedule
    Name:
    EAST BOSTON SAVINGS BANK CHARITABLE
     
    FOUNDATION INC
    EIN:
    04-3406328
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    2020 ESTIMATED FEDERAL TAXES 1,000 0   0