Form990-PF
Click to see attachment
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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. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 01-01-2021 , and ending 12-31-2021
Name of foundation
LIBERTY BANK FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)245 LONG HILL ROAD
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MIDDLETOWN, CT06457
A Employer identification number

06-1479957
B Telephone number (see instructions)

(860) 275-8239
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$32,713,234J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 513,416 513,416  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 3,294,645
b Gross sales price for all assets on line 6a 6,589,290
7 Capital gain net income (from Part IV, line 2)... 3,294,645
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........ 3,808,061 3,808,061  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 101,193 12,143   89,050
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 6,500 3,250   3,250
c Other professional fees (attach schedule).... Click to see attachment 132,094 132,094   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 51,561 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 12,563 0   12,563
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 303,911 147,487   104,863
25 Contributions, gifts, grants paid....... 889,587 1,025,637
26 Total expenses and disbursements. Add lines 24 and 25 1,193,498 147,487   1,130,500
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 2,614,563
b Net investment income (if negative, enter -0-) 3,660,574
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
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............. 730,361 1,062,163 1,062,163
2 Savings and temporary cash investments.........      
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)....... 20,515,153 Click to see attachment23,321,315 23,321,315
c Investments—corporate bonds (attach schedule)....... 8,657,220 Click to see attachment8,329,756 8,329,756
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) 29,902,734 32,713,234 32,713,234
Liabilities 17 Accounts payable and accrued expenses.......... 3,476 27,053
18 Grants payable................. 320,275 108,000
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)......... 323,751 135,053
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........... 29,578,983 32,578,181
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 29,578,983 32,578,181
30 Total liabilities and net assets/fund balances (see instructions). 29,902,734 32,713,234
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
29,578,983
2
Enter amount from Part I, line 27a .....................
2
2,614,563
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
384,635
4
Add lines 1, 2, and 3 ..........................
4
32,578,181
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
32,578,181
Form 990-PF (2021)
Form 990-PF (2021)
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 RAYMOND INVESTMENT GAINS      
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 6,589,290   3,294,645 3,294,645
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       3,294,645
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 3,294,645
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  
Form 990-PF (2021)
Form 990-PF (2021)
Page 4
Part V
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 All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) 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 50,882
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 50,882
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 25,160
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 25,160
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 450
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 26,172
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 2022 estimated taxBullet   RefundedBullet 11  
Part VI-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 XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletCT
    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 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    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 (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-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.LIBERTY-BANK.COM
    14
    The books are in care ofbulletLINA CURTIN Telephone no.bullet (860) 275-8239

    Located atbullet245 LONG HILL ROADMIDDLETOWNCT ZIP+4bullet06457
    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 2021, 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 VI-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? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
    Yes
     
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
    Yes
     
    (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)? ......................
    1a(5)
     
    No
    (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.) ...............
    1a(6)
     
    No
    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
    c
    ........bullet
    d
    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 2021? .............
    1d
     
    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 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    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? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 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 2021.) .....................
    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 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-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))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    No
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    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
     
     
    c
    .........bullet
    d
    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? .................
    5d
     
     
    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? .............................
    6a
     
    No
    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?
    7a
     
    No
    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? .........................
    8
     
    No
    Part VII
    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
    CATINA CABAN-OWEN DIRECTOR
    1.20     		1,550 0 0
    245 LONG HILL ROAD
    MIDDLETOWN,CT06457
    CHANDLER HOWARD CHAIRMAN
    1.20     		1,675 0 0
    245 LONG HILL ROAD
    MIDDLETOWN,CT06457
    DAVID GLIDDEN PRESIDENT AND CEO
    1.20     		0 0 0
    245 LONG HILL ROAD
    MIDDLETOWN,CT06457
    JACQUELINE NELSON DIRECTOR
    1.20     		0 0 0
    245 LONG HILL ROAD
    MIDDLETOWN,CT06457
    JAMES MENGACCI DIRECTOR
    1.20     		1,550 0 0
    245 LONG HILL ROAD
    MIDDLETOWN,CT06457
    KATHLEEN DOUCETTE TREASURER
    1.20     		0 0 0
    245 LONG HILL ROAD
    MIDDLETOWN,CT06457
    MARK R GINGRAS DIRECTOR
    1.20     		1,550 0 0
    245 LONG HILL ROAD
    MIDDLETOWN,CT06457
    PAUL YOUNG DIRECTOR
    1.20     		0 0 0
    245 LONG HILL ROAD
    MIDDLETOWN,CT06457
    SUSAN MURPHY OUTGOING EXECUTIVE DIRECTOR/SECRETARY
    40.00     		46,433 0 0
    245 LONG HILL ROAD
    MIDDLETOWN,CT06457
    TORAL MAHER SECRETARY/EXECUTIVE DIRECTOR 8/1
    40.00     		46,885 0 0
    245 LONG HILL ROAD
    MIDDLETOWN,CT06457
    WILFREDO NIEVES VICE CHAIRMAN
    1.20     		1,550 0 0
    245 LONG HILL ROAD
    MIDDLETOWN,CT06457
    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 (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    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
    RAYMOND JAMES FINANCIAL SERVICES INVESTMENT 132,094
    245 LONG HILL ROAD
    MIDDLETOWN,CT06457
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part VIII-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 VIII-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 (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    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
    31,644,929
    b
    Average of monthly cash balances.......................
    1b
    864,995
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    32,509,924
    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
    32,509,924
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    487,649
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    32,022,275
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    1,601,114
    Part X
    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 IX, line 6..................
    1
    1,601,114
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    50,882
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    50,882
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,550,232
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    1,550,232
    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 XII, line 1 ...
    7
    1,550,232
    Part XI
    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
     
    b
    Program-related investments—total from Part VIII-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4.
    4
     
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 9
    Part XII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2020     		(c)
    2020     		(d)
    2021
    1 Distributable amount for 2021 from Part X, line 7 1,550,232
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016...... 367,801
    b From 2017...... 305,102
    c From 2018...... 545,199
    d From 2019...... 55,996
    e From 2020...... 256,576
    f Total of lines 3a through e ........ 1,530,674
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 1,130,500
    a Applied to 2020, 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 2021 distributable amount..... 1,130,500
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2021. 419,732 419,732
    (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 1,110,942
    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 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		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 2016 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		1,110,942
    10 Analysis of line 9:
    a Excess from 2017.... 253,171
    b Excess from 2018.... 545,199
    c Excess from 2019.... 55,996
    d Excess from 2020.... 256,576
    e Excess from 2021....  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-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 2021, 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) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    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 IX, 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 XIV
    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:
    THE LIBERTY BANK FOUNDATION INC
    245 LONG HILL ROAD
    MIDDLETOWN,CT06457
    (860) 344-7222
    bThe form in which applications should be submitted and information and materials they should include:
    HTTPS://WWW.LIBERTY-BANK.COM/YOUR-COMMUNITY/LIBERY-BANK-FOUNDATION
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NONE
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    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
    A LITTLE COMPASSION INC
    162 MAIN STREET
    DEEP RIVER,CT06417     		  PC TO SUPPORT THE NEST WORKFORCE DEVELOPMENT PROGRAM 5,000
    ACHIEVE HARTFORD
    221 MAIN STREET 3RD FLOOR
    HARTFORD,CT06106     		  PC TO SUPPORT POST-SECONDARY PROGRAMMING FOR NON-COLLEGE-BOUND 2021 GRADUATES OF HARTFORD PUBLIC SCHOOLS 5,000
    ALWAYS HOME
    119 HIGH STREET
    MYSTIC,CT06355     		  PC TO SUPPORT HOMELESSNESS PREVENTION AND SHELTER DIVERSION OF FAMILIES WITH CHILDREN 10,000
    AMITY TEEN CENTER INC
    PO BOX 3671
    WOODBRIDGE,CT06525     		  PC TO SUPPORT THE AFTER SCHOOL & SUMMER EDUCATION PROGRAM 5,000
    BIG BROTHERS BIG SISTERS OF SOUTHWESTERN CT
    2470 FAIRFIELD AVENUE
    BRIDGEPORT,CT06605     		  PC TO SUPPORT YOUTH MENTORING YOUTH 2,500
    BOYS & GIRLS CLUB OF BRISTOL FAMILY CENTER
    255 WEST STREET
    BRISTOL,CT06010     		  PC TO SUPPORT DISTANCE LEARNING PROGRAMS 5,000
    BOYS & GIRLS CLUB OF HARTFORD
    170 SIGOURNEY STREET
    HARTFORD,CT06105     		  PC TO SUPPORT THE CLUB, A SUMMER TEEN PROGRAM 15,000
    BOYS & GIRLS CLUB OF MERIDEN
    15 LINCOLN ST
    MERIDEN,CT06451     		  PC TO SUPPORT THE "FOOD FOR THOUGHT" DINNER HOUR 5,000
    BOYS & GIRLS CLUB OF NEW HAVEN
    253 COLUMBUS AVENUE
    NEW HAVEN,CT06519     		  PC TO SUPPORT THE SUMMER CAMP PROGRAM 15,000
    BOYS & GIRLS CLUB OF WEST SPRINGFIELD
    615 MAIN STREET
    W SPRINGFIELD,MA01089     		  PC TO SUPPORT IMPROVEMENTS TO BEFORE/AFTER SCHOOL AND SUMMER PROGRAMS 10,000
    BRIDGE TO SUCCESS COMMUNITY PARTNERSHIP
    100 N ELM ST 2ND FLOOR
    WATERBURY,CT06723     		  PC TO PROVIDE BACKBONE SUPPORT FOR BOOST! WATERBURY 10,000
    BUILDING NEIGHBORHOODS TOGETHER
    570 STATE STREET
    BRIDGEPORT,CT06604     		  PC TO SUPPORT THE BNT EMPOWERMENT RESOURCE ACADEMY - EVICTION AND RENTAL ASSISTANCE CAPACITY BUILDING PROGRAM 10,000
    BUSINESS INDUSTRY FOUNDATION OF MIDDLESEX COUNTY
    393 MAIN STREET
    MIDDLETOWN,CT06457     		  PC TO SUPPORT THE MIDDLETOWN SUMMER YOUTH EMPLOYMENT PROGRAM 5,000
    CAPITAL FOR CHANGE
    10 ALEXANDER DRIVE
    WALLINGFORD,CT06492     		  PC TO SUPPORT GENERAL OPERATING EXPENSES 5,000
    CATHOLIC CHARITIES ARCHDIOCESE OF HARTFORD
    331 MAIN STREET
    NORWICH,CT06360     		  PC TO SUPPORT FINANCIAL STABILITY/COVID AND RACIAL EQUITY 5,000
    CHILDREN'S COMMUNITY SCHOOL
    31 WOLCOTT STREET
    WATERBURY,CT06702     		  PC TO SUPPORT THE SUMMER BRIDGES ENRICHMENT PROGRAM 5,000
    CLICK INC
    41 CLUB ROAD
    WINDHAM,CT06280     		  PC TO SUPPORT GENERAL OPERATING EXPENSES EXACERBATED BY COVID 3,000
    COALITION FOR NEW BRITAIN'S YOUTH
    185 MAIN STREET SUITE 423
    NEW BRITAIN,CT06052     		  PC TO SUPPORT THE COALITION FOR NEW BRITAIN'S YOUTH 5,000
    COALITION ON HOUSING AND HOMELESSNESS
    C/O MIDDLESEX UNITED WAY 100
    RIVERVIEW CENTER SUITE 230
    MIDDLETOWN,CT06457     		  PC TO SUPPORT THE COALITION ON HOUSING AND HOMELESSNESS - SUE MURPHY RETIREMENT DONATION 15,000
    COLUMBUS HOUSE INC
    PO BOX 7093
    NEW HAVEN,CT06519     		  PC TO SUPPORT THE MIDDLESEX FAMILY SHELTER AND THE WALLINGFORD EMERGENCY SHELTER 10,000
    COMMUNITY SOLUTIONS
    60 BROAD STREET SUITE 2510-A
    NEW YORK,NY10004     		  PC TO SUPPORT SWIFT FACTORY SMALL BUSINESS SUPPORT 5,000
    CONCEPTS FOR ADAPTIVE LEARNING
    5 SCIENCE PARK STE 2C
    NEW HAVEN,CT06511     		  PC TO SUPPORT THE TECHNOLOGY CASCADE & TRAINING PROGRAM IN NEW HAVEN 5,000
    CONNECTICUT COLLEGE
    270 MOHEGAN AVENUE
    NEW LONDON,CT06320     		  PC TO SUPPORT THE FAMILY LITERACY INITIATIVE 3,000
    CONNECTICUT INVENTION CONVENTION INC
    PO BOX 230311
    HARTFORD,CT06123     		  PC TO SUPPORT THE EXPANSION OF CT INVENTION CONVENTION (CIC) PROGRAMS IN CONNECTICUT 3,500
    CONNECTICUT VETERANS LEGAL CENTER
    114 BOSTON POST RD-2ND FLOOR
    WEST HAVEN,CT06516     		  PC TO SUPPORT LEGAL SERVICES THAT ENABLE VETERANS TO OVERCOME BARRIERS TO HOUSING AND FINANCIAL STABILITY 5,000
    COVENANT SOUP KITCHEN
    220 VALLEY STREET
    WILLIMANTIC,CT06226     		  PC TO SUPPORT GENERAL OPERATING EXPENSES 5,000
    CT PARTNERSHIP FOR CHILDREN INC
    98 OLIVE STREET
    NAUGATUCK,CT06770     		  PC TO PROVIDE PARENT AND CHILD LEADERSHIP TRAINING (PLTI, CLTI) 6,000
    DONALD B WILBUR SCHOLARSHIP
    245 LONG HILL ROAD
    MIDDLETOWN,CT06457     		  PC TO PROVIDE A SCHOLARSHIP TO A STUDENT WITH FINANCIAL NEED MAJORING IN ENGINEERING OR A TECHNOLOGY-RELATED FIELD 1,000
    EARLY CHILDHOOD FUNDERS COLLABORATIVE
    C/O CT COUNCIL FOR PHILANTHROPY 75
    CHARTER OAK AVENUE SUITE 1-205
    HARTFORD,CT06106     		  PC TO SUPPORT SYSTEM CHANGE THAT BUILDS AND SUSTAINS A COMPREHENSIVE EARLY CHILDHOOD SYSTEM THAT WORKS FOR ALL CHILDREN, FAMILIES, COMMUNITIES AND THE WORKFORCE IN CONNECTICUT 5,000
    EASTERN CONNECTICUT HOUSING OPPORTUNITIES
    228 STATE STREET-SUITE 5
    NEW LONDON,CT06320     		  PC TO SUPPORT THE HOME NEW LONDON PROGRAM, WHICH RENOVATES BLIGHTED PROPERTIES FOR SALE TO LOW/MODERATE INCOME HOMEBUYERS 5,000
    EASTERN CT WORKFORCE INVESTMENT BOARD INC
    108 NEW PARK AVENUE
    FRANKLIN,CT06254     		  PC TO SUPPORT THE SUMMER YOUTH EMPLOYMENT PROGRAM IN SOUTHEASTERN CT 5,000
    FAMILY LIFE EDUCATION INC
    75 CHARTER OAK AVENUE SUITE 2-180
    HARTFORD,CT06106     		  PC TO SUPPORT THE ACHIEVING EQUITY FOR MINORITY FAMILIES PROGRAM 5,000
    FISH OF GREATER NEW HAVEN
    450 ISLAND LANE
    WEST HAVEN,CT06516     		  PC TO SUPPORT THE PANTRY TO PANTRY PROGRAM 5,000
    FOOD RESCUE US
    1127 HIGH RIDGE RD SUITE 338
    STAMFORD,CT06905     		  PC TO SUPPORT THE FIGHTING HUNGER AND REDUCING FOOD WASTE PROGRAM IN HARTFORD COUNTY 5,000
    GIFTS OF LOVE
    34 EAST MAIN STREET
    AVON,CT06001     		  PC TO SUPPORT FOOD PANTRIES AND SCHOOL PROGRAMS 3,500
    HANDS ON HARTFORD
    55 BARTHOLOMEW AVENUE
    HARTTFORD,CT06106     		  PC TO SUPPORT THE COMMUNITY MEALS DAY CENTER 5,000
    HARTFORD INTERVAL HOUSE INC
    PO BOX 340207
    HARTFORD,CT06134     		  PC TO SUPPORT MEALS FOR VICTIMS OF DOMESTIC VIOLENCE WHO ARE SHELTERING IN HOTELS DURING COVID 5,000
    HARTFORD PROMISE
    750 MAIN ST
    HARTFORD,CT06103     		  PC TO SUPPORT THE HARTFORD PROMISE THE REACHING BACK PROGRAM 5,000
    HARTFORD SYMPHONY ORCHESTRA
    166 CAPITOL AVENUE
    HARTFORD,CT06106     		  PC TO SUPPORT HARTFORD SYMPHONY EDUCATIONAL OUTREACH PROGRAMS 5,000
    HEDCO INC
    207 MAIN STREET FOURTH FLOOR
    HARTFORD,CT06106     		  PC TO PROVIDE TECHNICAL ASSISTANCE TO MINORITY AND WOMEN OWNED BUSINESSES IN GREATER HARTFORD 15,000
    HOLE IN THE WALL GANG CAMP
    555 LONG WHARF DRIVE
    NEW HAVEN,CT06511     		  PC TO SUPPORT THE RECONSTRUCTION OF BUILDINGS DESTROYED BY FIRE AT THE CAMP 25,000
    HOLY FAMILY HOME AND SHELTER
    PO BOX 884
    WILLIMANTIC,CT06226     		  PC TO SUPPORT CLEANING OF THE SHELTER, VACCINATION INCENTIVES FOR STAFF AND GUESTS, AND HAZARD PAY FOR STAFF 5,000
    HORIZONS
    PO BOX 323
    SOUTH WINDHAM,CT06266     		  PC TO PURCHASE TECHNOLOGY FOR THE HORIZONS EDUCATIONAL SUPPORT PROGRAM 4,842
    HORIZONS AT WESTMINSTER
    995 HOPMEADOW STREET
    SIMSBURY,CT06070     		  PC TO SUPPORT THE HORIZONS SUMMER LEARNING PROGRAM 5,000
    IMAGINE NATION
    ONE PLEASANT STREET
    BRISTOL,CT06010     		  PC TO SUPPORT COVID-RELATED NEEDS FOR THE IMAGINE NATION WITH STEAM PRESCHOOL PROGRAM 5,000
    INTERNATIONAL HARTFORD LTD
    151 NEW PARK AVE SUITE 5A
    HARTFORD,CT06106     		  PC TO SUPPORT ACCESS TO COVID SUPPORT RESOURCES 5,000
    JEWISH FAMILY SERVICES OF GREATER HARTFORD
    333 BLOOMFIELD AVENUE SUITE A
    WEST HARTFORD,CT06117     		  PC TO SUPPORT THE ANJA ROSENBERG KOSHER FOOD PANTRY 2,500
    JUMPSTART FOR YOUNG CHILDREN
    505 EIGHTH AVENUE SUITE 1100
    NEW YORK,NY10018     		  PC TO SUPPORT JUMPSTART IN NEW BRITAIN, NEW HAVEN, HARTFORD, STORRS, WINDHAM/WILLIMANTIC 5,000
    JUNIOR ACHIEVEMENT OF SOUTHWEST NEW ENGLAND INC
    70 FARMINGTON AVENUE
    HARTFORD,CT06105     		  PC TO SUPPORT THE JA PATHWAYS TO HEALTH CAREERS INITIATIVE 5,000
    KNOX INC
    75 LAUREL STREET
    HARTFORD,CT06106     		  PC TO SUPPORT GREEN JOBS APPRENTICESHIPS 5,000
    LIBERTY BANK VOLUNTEER HALL OF FAME AWARD
    PO BOX 945-12 MONTAUCK AVENUE
    NEW LONDON,CT06320     		  PC A DONATION DIRECTED BY 2021 VOLUNTEER HALL OF FAME INDUCTEE, LINDA BERARD 1,000
    LITERACY VOLUNTEERS OF GREATER WATERBURY
    267 GRAND STREET
    WATERBURY,CT06702     		  PC TO SUPPORT THE ADULT LITERACY PROGRAM 5,000
    LOCAL INITIATIVES SUPPORT CORPORATION
    227 LAWRENCE ST
    HARTFORD,CT06106     		  PC TO SUPPORT FINANCING, TECHNICAL ASSISTANCE, AND CAPACITY BUILDING ASSISTANCE FOR AFFORDABLE HOUSING DEVELOPERS 7,500
    MAKE THE ROAD CT
    360 FARMINGTON AVENUE
    BROOKLYN,NY11237     		  PC TO SUPPORT THE SPECIAL EDUCATION ACCOMPANIMENT PROGRAM IN HARTFORD 5,000
    MARTIN HOUSE
    401 WEST THAMES STREET-PO BOX 857
    BLDG 700
    NORWICH,CT06360     		  PC TO PROVIDE FOOD FOR MARTIN HOUSE RESIDENTS 5,000
    MERCY HOUSING & SHELTER
    211 WETHERSFIELD AVE
    HARTFORD,CT06106     		  PC TO SUPPORT THE MEALS AND SHELTER PROGRAM 5,000
    MERIDEN RACIAL JUSTICE INITIATIVE
    C/O COMMUNITY HEALTH CENTER 142
    EAST MAIN STREET
    MERIDEN,CT06450     		  PC TO SUPPORT THE MERIDEN RACIAL JUSTICE INITIATIVE TRAINING PROGRAM 5,000
    MIDDLESEX UNITED WAY
    100 RIVERVIEW CENTER SUITE 230
    MIDDLETOWN,CT06457     		  PC TO FUND THE ANNUAL APPEAL, RESTRICTED TO PROGRAMS SERVING AT LEAST 51% LOW-MODERATE INCOME POPULATIONS 50,000
    MUSIC HAVEN
    315 PECK STREET BOX A10
    NEW HAVEN,CT06513     		  PC TO SUPPORT THE MUSIC HAVEN ACADEMIC SUCCESS INITIATIVE 5,000
    NEW ENGLAND SCIENCE AND SAILING FOUNDATION
    PO BOX 733
    STONINGTON,CT06378     		  PC TO SUPPORT NESS PROGRAMMING IN NEW LONDON 5,000
    NEW HAVEN SCIENCE FAIR FOUNDATION
    900 CHAPEL STREET 10TH FLOOR
    NEW HAVEN,CT06510     		  PC TO SUPPORT THE NEW HAVEN SCIENCE FAIR MENTOR PROGRAM 5,000
    NUTMEG BIG BROTHERSSISTERS
    30 LAUREL STREET-SUITE 3
    HARTFORD,CT06106     		  PC TO SUPPORT WINDHAM SITE-BASED MENTORING 5,000
    ODDFELLOWS PLAYHOUSE
    128 WASHINGTON STREET
    MIDDLETOWN,CT06457     		  PC TO SUPPORT THE ODDBRIDGE AFTER-SCHOOL PROGRAM EXPANSION 5,000
    OUR PIECE OF THE PIE
    20-28 SARGEANT STREET
    HARTFORD,CT06105     		  PC TO SUPPORT OPP IN COMMUNITIES (EASTERN CT): EMPOWERING YOUTH FOR SUCCESS IN EDUCATION AND EMPLOYMENT 5,000
    PARTNERSHIP FOR STRONG COMMUNITIES
    227 LAWRENCE STREET
    HARTFORD,CT06106     		  PC TO SUPPORT THE HOMECONNECTICUT AFFORDABLE HOUSING CAMPAIGN AND HOUSING DATA PROFILE PLATFORM UPDATES 10,000
    PILLAR COMMUNITY DEVELOPMENT CORPORATION
    P O BOX 731
    BLOOMFIELD,CT06002     		  PC TO SUPPORT 2021 - 2022 PILLAR PROGRAM ENHANCEMENTS 5,000
    PRO BONO PARTNERSHIP INC
    237 MAMARONECK AVENUE SUITE 300
    WHITE PLAINS,NY10605     		  PC TO PROVIDE PRO BONO LEGAL SERVICES FOR CONNECTICUT NONPROFITS 7,500
    PRUDENCE CRANDALL CENTER
    594 BURRITT STREET
    NEW BRITAIN,CT06053     		  PC TO SUPPORT PERMANENT SUPPORTIVE HOUSING FOR VICTIMS OF DOMESTIC VIOLENCE 5,000
    READYCT
    350 CHURCH STREET 3RD FLOOR
    HARTFORD,CT06103     		  PC TO SUPPORT STUDENT 5.0, A POST-SECONDARY COLLEGE/CAREER PLANNING SUPPORT PROGRAM FOR AT-RISK STUDENTS 10,000
    REBUILDING TOGETHER NEW BRITAIN
    200 MYRTLE ST
    NEW BRITAIN,CT06053     		  PC TO SUPPORT HOME IMPROVEMENTS FOR LOW-INCOME HOMEOWNERS 5,000
    RENSSELAER POLYTECHNIC INSTITUTE
    110 8TH ST
    TROY,NY12180     		  PC GENERAL SUPPORT 1,000
    RIVERFRONT CHILDREN'S CENTER INC
    476 THAMES STREET
    GROTON,CT06340     		  PC TO SUPPORT EDUCATIONAL PROGRAMMING AT THE CENTER 5,000
    RONALD MCDONALD HOUSE CHARITIES OF CONNECTICUT AND WESTERN MASSACHUSETTS
    860 HOWARD AVENUE
    NEW HAVEN,CT06519     		  PC TO SUPPORT THE RENOVATION OF RONALD MCDONALD HOUSE OF SPRINGFIELD 10,000
    RUSSELL LIBRARY
    123 BROAD STREET
    MIDDLETOWN,CT06457     		  PC TO SUPPORT CAREER PROGRAM-RESUME, LINKEDIN PROFILE REVIEW SERVICES AND TARGETED WORKSHOPS 5,520
    SAFE FUTURES
    16 JAY STREET
    NEW LONDON,CT06320     		  PC TO SUPPORT GENESIS HOUSE EMERGENCY DOMESTIC VIOLENCE SHELTER AND ALTERNATIVE SOLUTIONS HOUSING PROGRAM 5,000
    SAINT FRANCIS HOSPITAL AND MEDICAL CENTER
    114 WOODLAND STREET
    HARTFORD,CT06106     		  PC TO SUPPORT SOCIAL CARE FOR HEALTH EQUITY 10,000
    SAINT MARY'S HOSPITAL FOUNDATION INC
    56 FRANKLIN ST
    HARTFORD,CT06105     		  PC TO SUPPORT SOCIAL CARE FOR HEALTH EQUITY 10,000
    SALVATION ARMY - NEW BRITAIN
    78 FRANKLIN SQUARE
    NEW BRITAIN,CT06051     		  PC TO SUPPORT YOUTH NAVIGATION SERVICES 5,000
    SOUTH PARK INN INC
    75 MAIN STREET
    HARTFORD,CT06106     		  PC TO PROVIDE EMERGENCY COVID RESPONSE FOR PEOPLE EXPERIENCING HOMELESSNESS 5,000
    SOUTHEASTERN CONNECTICUT HOUSING ALLIANCE INC
    5 CONNECTICUT AVENUE
    NORWICH,CT06360     		  PC TO SUPPORT HOUSING CHOICES OUTREACH & EDUCATION 5,000
    ST VINCENT DEPAUL MIDDLETOWN
    PO BOX 398 617 MAIN STREET
    MIDDLETOWN,CT06457     		  PC TO PURCHASE EXTRA FOOD, SUPPLIES AND STAFFING TO MEET INCREASED NEEDS RELATED TO THE PANDEMIC 10,000
    TEAM INC
    30 ELIZABETH ST
    DERBY,CT06418     		  PC TO SUPPORT TEAM & WORKING WITH OUR NEIGHBORS - ATTAINABLE WORKFORCE HOUSING INITIATIVE 10,000
    THAMES RIVER COMMUNITY SERVICE INC
    ONE THAMES RIVER PLACE
    NORWICH,CT06360     		  PC TO SUPPORT YOUNG PARENTS TO BECOME MORE ECONOMICALLY SECURE AND STABLY HOUSED 5,000
    THAMES VALLEY COUNCIL FOR COMMUNITY ACTION INC
    ONE SYLVANDALE ROAD
    JEWETT CITY,CT06351     		  PC TO PROVIDE SUPPORT FOR THE ECAN PROJECT MANAGER & HOUSING NAVIGATOR 7,500
    THE BRIDGE FAMILY CENTER
    1022 FARMINGTON AVENUE
    WEST HARTFORD,CT06107     		  PC TO SUPPORT PLTI PROGRAMMING FOR A THREE-YEAR PERIOD IN WEST HARTFORD 5,000
    THE CONNECTICUT STORYTELLING CENTER INC
    270 MOHEGAN AVENUE
    NEW LONDON,CT06320     		  PC TO SUPPORT THE LITTLEST LISTENERS LITERACY RESIDENCY 5,000
    THE CONNECTION INC
    100 ROSCOMMON DRIVE
    MIDDLETOWN,CT06457     		  PC TO SUPPORT BASIC NEEDS AT THE EDDY SHELTER 5,000
    THE NEW LONDON COMMUNITY MEAL CENTER INC
    PO BOX 945-12 MONTAUK AVENUE
    NEW LONDON,CT06320     		  PC TO PROVIDE GENERAL OPERATING SUPPORT 5,000
    THE SALVATION ARMY -- HARTFORD
    217 WASHINGTON STREET
    HARTFORD,CT06106     		  PC TO SUPPORT MARSHALL HOUSE SERVICES FOR UNSHELTERED YOUTH 5,000
    THE SALVATION ARMY -- WATERBURY
    74 CENTRAL AVE
    WATERBURY,CT06702     		  PC TO SUPPORT THE SALVATION ARMY'S FAMILY EMERGENCY SHELTER 5,000
    THE SHORELINE SOUP KITCHENS & PANTRIES INC
    PO BOX 804
    ESSEX,CT06426     		  PC TO SUPPORT PANTRY FOOD DISTRIBUTION 5,000
    UNITED WAY OF CENTRAL AND NORTHEASTERN CT
    30 LAUREL STREET
    HARTFORD,CT06106     		  PC TO SUPPORT THE ANNUAL APPEAL 13,700
    UNITED WAY OF GREATER NEW HAVEN
    370 JAMES STREET SUITE 403
    NEW HAVEN,CT06513     		  PC TO SUPPORT THE ANNUAL APPEAL 6,000
    UNITED WAY OF GREATER WATERBURY
    100 NORTH ELM STREET 2ND FLOOR
    WATERBURY,CT06702     		  PC TO SUPPORT THE ANNUAL APPEAL 9,500
    UNITED WAY OF MERIDEN AND WALLINGFORD
    35 PLEASANT STREET
    MERIDEN,CT06450     		  PC TO SUPPORT THE ANNUAL APPEAL 4,500
    UNITED WAY OF NAUGATUCK AND BEACON FALLS
    284 CHURCH STREET - PO BOX 209
    NAUGATUCK,CT06770     		  PC TO SUPPORT THE ANNUAL APPEAL 3,800
    UNITED WAY OF SOUTHEASTERN CT
    283 STODDARDS WHARF ROAD PO BOX 375
    GALES FERRY,CT06335     		  PC TO SUPPORT THE ANNUAL APPEAL 20,000
    UNITED WAY OF SOUTHINGTON
    31 LIBERTY ST SUITE 210
    SOUTHINGTON,CT06489     		  PC TO SUPPORT THE ANNUAL APPEAL 1,000
    UNITED WAY OF WEST CENTRAL CONNECTICUT
    440 NORTH MAIN STREET SUITE D
    BRISTOL,CT06010     		  PC TO SUPPORT THE ANNUAL APPEAL 2,500
    VALLEY UNITED WAY
    54 GROVE STREET SUITE 1
    SHELTON,CT06484     		  PC TO SUPPORT THE ANNUAL APPEAL 3,000
    VARIOUS ROTARY CLUB ( 40) THANKSGIVING DINNER DRIVE
    245 LONG HILL ROAD
    MIDDLETOWN,CT06457     		  PC TO MATCH FUNDS RAISED IN THE 2021 LIBERTY BANK/ROTARY CLUB THANKSGIVING DRIVE 286,275
    VILLAGE FOR FAMILIES & CHILDREN
    1680 ALBANY AVENUE
    HARTFORD,CT06105     		  PC TO SUPPORT THE FINANCIAL OPPORTUNITY CENTER AT THE VILLAGE 7,500
    WALLINGFORD FAMILY YMCA
    81 SOUTH ELM STREET
    WALLINGFORD,CT06492     		  PC TO SUPPORT THE HEALTHY COMMUNITIES CAPITAL CAMPAIGN 20,000
    WATERBURY SYMPHONY ORCHESTRA
    110 BANK STREET
    WATERBURY,CT06721     		  PC TO SUPPORT BRAVO WATERBURY AFTER SCHOOL MUSIC ENRICHMENT PROGRAM 3,000
    WATERBURY YOUTH SERVICES INC
    83 PROSPECT STREET
    WATERBURY,CT06702     		  PC TO SUPPORT THE LINKING ACADEMICS TO LIFE (LAL) PROGRAM 5,000
    WILLARD M MCRAE COMMUNITY DIVERSITY AWARD
    PO BOX 884
    WILLIMANTIC,CT06226     		  PC A DONATION DIRECTED BY 2021 WILLARD M. MCRAE COMMUNITY DIVERSITY AWARD RECIPIENT, SISTER MARY JUDE LAZARUS TO HOLY FAMILY HOME AND SHELTER 5,000
    WINDHAM REGION NO FREEZE PROJECT INC
    PO BOX 46 75 BRIDGE STREET
    WILLIMANTIC,CT06226     		  PC TO SUPPORT GENERAL OPERATIONS 5,000
    WINDHAM REGIONAL COMMUNITY COUNCIL
    872 MAIN STREET
    WILLIMANTIC,CT06226     		  PC TO SUPPORT GROW WINDHAM, A PROGRAM OF THE WINDHAM YOUTH CORE 5,000
    WORLD AFFAIRS COUNCIL OF CONNECTICUT
    1049 ASYLUM AVE
    HARTFORD,CT06105     		  PC TO SUPPORT THE MODEL UNITED NATIONS PROGRAM 5,000
    YMCA OF METROPOLITAN HARTFORD
    50 STATE HOUSE SQUARE 2ND FLOOR
    HARTFORD,CT06103     		  PC TO SUPPORT THE Y-BELL POWER SCHOLARS ACADEMY 10,000
    YWCA HARTFORD REGION INC
    135 BROAD STREET
    HARTFORD,CT06105     		  PC TO SUPPORT YW CAREER WOMEN 5,000
    Total .................................bullet 3a 1,025,637
    bApproved for future payment
    BUSINESS INDUSTRY FOUNDATION OF MIDDLESEX COUNTY
    393 MAIN STREET
    MIDDLETOWN,CT06457     		  PC TO SUPPORT THE HAL KAPLAN MIDDLETOWN MENTOR PROGRAM 5,000
    CAPITAL FOR CHANGE
    171 ORANGE STREET
    WALLINGFORD,CT06492     		  PC TO SUPPORT GENERAL OPERATING EXPENSES 5,000
    CHILDREN'S COMMUNITY SCHOOL
    31 WOLCOTT STREET
    WATERBURY,CT06702     		  PC TO SUPPORT THE SUMMER BRIDGES ENRICHMENT PROGRAM 5,000
    COLUMBUS HOUSE INC
    PO BOX 7093
    NEW HAVEN,CT06519     		  PC TO SUPPORT UNMET NEEDS RELATED TO COVID 19 PANDEMIC 10,000
    EASTERN CONNECTICUT HOUSING OPPORTUNITIES
    228 STATE STREET-SUITE 5
    NEW LONDON,CT06320     		  PC TO SUPPORT THE HOME NEW LONDON PROGRAM, WHICH RENOVATES BLIGHTED PROPERTIES FOR SALE 5,000
    JUMPSTART FOR YOUNG CHILDREN
    505 EIGHTH AVENUE SUITE 1100
    NEW YORK,NY10018     		  PC TO SUPPORT JUMPSTART IN NEW BRITAIN, NEW HAVEN, HARTFORD, STORRS, WINDHAM, WILLIMANTIC 5,000
    MIDDLETOWN PUBLIC SCHOOLS
    311 HUNTING HILL AVENUE
    MIDDLETOWN,CT06457     		  PC TO PROVIDE WRAP AROUND SERVICES TO SUPPORT CHILDREN AND FAMILIES 10,000
    MUSIC HAVEN
    315 PECK STREET BOX A10
    NEW HAVEN,CT06513     		  PC TO SUPPORT THE MUSIC HAVEN ACADEMIC SUCCESS INITIATIVE 5,000
    NEIGHBORHOOD HOUSING SERVICES OF NEW HAVEN
    333 SHERMAN AVE
    NEW HAVEN,CT06511     		  PC TO FUND GENERAL OPERATING COSTS 10,000
    NUTMEG BIG BROTHERSSISTERS
    30 LAUREL STREET
    HARTFORD,CT06106     		  PC TO SUPPORT WINDHAM SITE-BASED MENTORING 5,000
    OUR PIECE OF THE PIE
    20-28 SARGEANT STREET
    HARTFORD,CT06105     		  PC TO SUPPORT OPP IN COMMUNITIES (EASTERN CT) EMPOWERING YOUTH FOR SUCCESS IN EDUCATION 5,000
    PRUDENCE CRANDALL CENTER
    594 BURRITT STREET
    NEW BRITAIN,CT06053     		  PC TO SUPPORT PERMANENT SUPPORTIVE HOUSING FOR VICTIMS OF DOMESTIC VIOLENCE 5,000
    RIVERFRONT CHILDREN'S CENTER INC
    476 THAMES STREET
    GROTON,CT06340     		  PC TO SUPPORT EDUCATIONAL PROGRAMMING AT THE CENTER 5,000
    UNITED WAY OF GREATER WATERBURY
    100 NORTH ELM STREET 2ND FLOOR
    WATERBURY,CT06702     		  PC TO SUPPORT THE FLEXIBLE ASSISTANCE FUND TO PREVENT HOMELESSNESS 10,000
    WATERBURY SYMPHONY ORCHESTRA
    110 BANK STREET
    WATERBURY,CT06721     		  PC TO SUPPORT BRAVO WATERBURY AFTER SCHOOL 3,000
    WATERBURY YOUTH SERVICES INC
    83 PROSPECT STREET
    WATERBURY,CT06702     		  PC TO SUPPORT THE LINKING ACADEMICS TO LIFE PROGRAM 5,000
    WESLEYAN UNIVERSITY
    237 HIGH STREET
    MIDDLETOWN,CT06459     		  PC TO SUPPORT THE GIRLS IN SCIENCE PROGRAM 5,000
    WINDHAM AREA INTERFAITH MINISTRY
    PO BOX 221
    WILLIMANTIC,CT06226     		  PC TO SUPPORT EMERGENCY FINANCIAL ASSISTANCE AND BASIC HUMAN NEEDS 5,000
    Total .................................bullet 3b 108,000
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-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 ....          
    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 3,294,645  
    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 3,808,061 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    3,808,061
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-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 XV-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 (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    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 (2021)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2021 AccountingFeesSchedule
    Name:
    LIBERTY BANK FOUNDATION INC
    EIN:
    06-1479957
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PROFESSIONAL FEES 6,500 3,250   3,250

    TY 2021 GeneralExplanationAttachment
    Name:
    LIBERTY BANK FOUNDATION INC
    EIN:
    06-1479957
    Identifier Return Reference Explanation
      FORM 990PF, PART I THE FOUNDATION ENTERED INTO A MANAGEMENT AGREEMENT WITH LIBERTY BANK TO PROVIDE SERVICES DURING 2021. THEREFORE EXPENSES ON PAGE 1 ARE PRESENTED DIFFERENTLY THAN IN PRIOR YEAR.

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    LIBERTY BANK FOUNDATION INC
    EIN:
    06-1479957
    Name of Bond End of Year Book Value End of Year Fair Market Value
    FIXED INCOME 8,329,756 8,329,756

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    LIBERTY BANK FOUNDATION INC
    EIN:
    06-1479957
    Name of Stock End of Year Book Value End of Year Fair Market Value
    EQUITY 23,321,315 23,321,315

    TY 2021 OtherExpensesSchedule
    Name:
    LIBERTY BANK FOUNDATION INC
    EIN:
    06-1479957
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MARKETING AND WEBSITE 4,222 0   4,222
    OTHER 8,341 0   8,341


    TY 2021 OtherIncreasesSchedule
    Name:
    LIBERTY BANK FOUNDATION INC
    EIN:
    06-1479957
    Description Amount
    UNREALIZED GAIN ON INVESTMENTS 384,635


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    LIBERTY BANK FOUNDATION INC
    EIN:
    06-1479957
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT FEES 132,094 132,094   0


    TY 2021 TaxesSchedule
    Name:
    LIBERTY BANK FOUNDATION INC
    EIN:
    06-1479957
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE TAX 51,561 0   0