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. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 04-01-2021 , and ending 03-31-2022
Name of foundation
Bangor Savings Bank Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)24 Hamlin Way PO Box 930
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Bangor, ME044020930
A Employer identification number

04-3353896
B Telephone number (see instructions)

(207) 942-5211
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$10,098,613J 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) 1,112,500
2 Check bullet.............
3 Interest on savings and temporary cash investments 11,230 11,230  
4 Dividends and interest from securities... 164,050 164,050  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 347,043
b Gross sales price for all assets on line 6a 3,369,494
7 Capital gain net income (from Part IV, line 2)... 347,043
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 1,634,823 522,323  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 2,400 1,200   1,200
c Other professional fees (attach schedule).... Click to see attachment 43,451 43,451   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 1,908 981   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 47,759 45,632   1,200
25 Contributions, gifts, grants paid....... 1,319,960 1,319,960
26 Total expenses and disbursements. Add lines 24 and 25 1,367,719 45,632   1,321,160
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 267,104
b Net investment income (if negative, enter -0-) 476,691
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............. 500 500 500
2 Savings and temporary cash investments......... 616,437 756,723 756,723
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)....... 4,403,745 Click to see attachment4,438,300 6,856,169
c Investments—corporate bonds (attach schedule)....... 2,458,952 Click to see attachment2,551,215 2,485,221
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) 7,479,634 7,746,738 10,098,613
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........ 7,479,634 7,746,738
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 0 0
29 Total net assets or fund balances (see instructions)..... 7,479,634 7,746,738
30 Total liabilities and net assets/fund balances (see instructions). 7,479,634 7,746,738
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
7,479,634
2
Enter amount from Part I, line 27a .....................
2
267,104
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
7,746,738
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
7,746,738
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 Publicly Traded Securities      
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 3,369,494   3,022,451 347,043
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       347,043
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 2 347,043
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 6,626
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 6,626
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 3,966
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 8,793
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 12,759
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 62
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 6,071
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet6,071 RefundedBullet 11 0
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)
    bulletME
    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 addressbulletN/A
    14
    The books are in care ofbulletBangor Savings Bank Telephone no.bullet (207) 942-5211

    Located atbullet24 Hamlin Way PO Box 930BangorME ZIP+4bullet044020930
    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)
     
    No
    (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
    Kathryn L Barber Director
    0.10     		0 0 0
    24 Hamlin Way PO Box 930
    Bangor,ME044020930
    Gena R Canning Director
    0.30     		0 0 0
    24 Hamlin Way PO Box 930
    Bangor,ME044020930
    George F Eaton II Esq Director
    0.10     		0 0 0
    24 Hamlin Way PO Box 930
    Bangor,ME044020930
    Sari S Greene Director
    0.10     		0 0 0
    24 Hamlin Way PO Box 930
    Bangor,ME044020930
    Susan C Hammond Director (start June 2021)
    0.10     		0 0 0
    24 Hamlin Way PO Box 930
    Bangor,ME044020930
    Charles E Hewett PhD Director
    0.10     		0 0 0
    24 Hamlin Way PO Box 930
    Bangor,ME044020930
    Laurie G Lachance Director (start June 2021)
    0.10     		0 0 0
    24 Hamlin Way PO Box 930
    Bangor,ME044020930
    Scott A Oxley Director
    0.10     		0 0 0
    24 Hamlin Way PO Box 930
    Bangor,ME044020930
    William D Purington Director
    0.10     		0 0 0
    24 Hamlin Way PO Box 930
    Bangor,ME044020930
    Dr Robert A Strong CFA Director
    0.10     		0 0 0
    24 Hamlin Way PO Box 930
    Bangor,ME044020930
    Vincent P Veroneau Director
    0.10     		0 0 0
    24 Hamlin Way PO Box 930
    Bangor,ME044020930
    Joyce Clark Sarnacki Chairperson
    0.60     		0 0 0
    24 Hamlin Way PO Box 930
    Bangor,ME044020930
    Robert S Montgomery-Rice President
    0.20     		0 0 0
    24 Hamlin Way PO Box 930
    Bangor,ME044020930
    Wendy Durrah VP/Sec'y/Clerk
    2.00     		0 0 0
    24 Hamlin Way PO Box 930
    Bangor,ME044020930
    Kenneth Colpritt Treasurer
    0.60     		0 0 0
    24 Hamlin Way PO Box 930
    Bangor,ME044020930
    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
    NONE
    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
    9,471,927
    b
    Average of monthly cash balances.......................
    1b
    703,335
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    10,175,262
    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
    10,175,262
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    152,629
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    10,022,633
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    501,132
    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
    501,132
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    6,626
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    6,626
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    494,506
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    494,506
    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
    494,506
    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 7 494,506
    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...... 400,306
    b From 2017...... 402,445
    c From 2018...... 594,677
    d From 2019...... 718,797
    e From 2020...... 796,620
    f Total of lines 3a through e ........ 2,912,845
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 1,321,160
    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..... 494,506
    e Remaining amount distributed out of corpus 826,654
    5 Excess distributions carryover applied to 2021. 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 3,739,499
    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) ...     		400,306
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		3,339,193
    10 Analysis of line 9:
    a Excess from 2017.... 402,445
    b Excess from 2018.... 594,677
    c Excess from 2019.... 718,797
    d Excess from 2020.... 796,620
    e Excess from 2021.... 826,654
    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:
    Program Officer The Bangor Savings
    24 Hamlin Way PO Box 930
    Bangor,ME044020930
    (207) 942-5211
    foundation@bangor.com
    bThe form in which applications should be submitted and information and materials they should include:
    Organizations recognized under IRS code section 501(c)(3) must provide a copy of their determination letter with their application or grant proposal. Applications can be submitted online at: https://www.bangor.com/community/foundation Potential applicants must submit a completed grant application, describe the initiative seeking support. Prior applicants may reapply one year from the date of prior submission. Decisions and funding are generally announced within 45-75 days of each application deadline.
    cAny submission deadlines:
    Applications for due by January 1, April 1, July 1, or October 1 to be valid for consideration.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    The Foundation considers applications for grants ranging from $2,000 up to $25,000. The Foundation has a preference to support projects and initiatives that do the following: (i) Include a strategy for leveraging other resources; (ii) Produce cost-effective results which can be measured; (iii) Provide incentive for community problem solving; (iv) Encourage coordination with other efforts and do not duplicate programs; (v) Advance strategies that will address recognized needs; and (vi) Demonstrate an ability to obtain future funding. Grant awards are generally limited to the market area served by Bangor Savings Bank. Grant recipients must demonstrate 501(c)(3) status, and need for private financial support. The Foundation does not provide support for political purposes, and generally does not support annual endowments, scholarships, conferences, or budgets.
    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
    4-H Clubs & Affiliated 4-H Organizations
    York Complex 1
    Orono,ME04469     		N/A PC General Operating Support 10,000
    Acadia Family Center
    1 Fernald Point Road
    Southwest Harbor,ME04679     		N/A PC General Operating Support 5,000
    American Red Cross
    2401 Congress Street
    Portland,ME04102     		N/A PC General Operating Support 12,500
    Androscoggin Home Health Services Inc
    15 Strawberry Avenue
    Lewiston,ME04240     		N/A PC General Operating Support 7,500
    Animal Orphanage
    PO Box 565
    Orono,ME04473     		N/A PC General Operating Support 5,000
    Animal Welfare Society Inc
    PO Box 43
    West Kennebunk,ME04094     		N/A PC General Operating Support 6,000
    Artwaves
    1345-A State Highway 102
    Bar Harbor,ME04609     		N/A PC General Operating Support 4,000
    Aspire Living and Learning Inc
    2096 Airport Road
    Barre,VT05641     		N/A PC General Operating Support 5,000
    Auburn Public Library
    49 Spring Street
    Auburn,ME04210     		N/A PC General Operating Support 2,000
    Avian Haven
    418 North Palermo Road
    Freedom,ME04941     		N/A PC General Operating Support 4,000
    Bangor Humane Society
    693 Mount Hope Avenue
    Bangor,ME04401     		N/A PC General Operating Support 6,000
    Bangor Region YMCA
    17 Second Street
    Bangor,ME04401     		N/A PC General Operating Support 50,000
    Best Buddies International
    1087 Elm Street Suite 202
    Manchester,NH03101     		N/A PC General Operating Support 10,000
    Big Brothers Big Sisters of New Hampshire
    3 Portsmouth Avenue 2
    Stratham,NH03885     		N/A PC General Operating Support 10,400
    Boots2Roots
    428 Fore Street 3rd Floor
    Portland,ME04101     		N/A PC General Operating Support 9,000
    Bounce Back Maine
    37 Main Street
    Skowhegan,ME04976     		N/A PC General Operating Support 3,000
    Boys & Girls Clubs of Kennebec Valley
    14 Pray Street
    Gardiner,ME04345     		N/A PC General Operating Support 30,000
    Boys and Girls Club of Bangor
    161 Davis Road
    Bangor,ME04401     		N/A PC General Operating Support 10,000
    Boys and Girls Club of the North Country
    PO Box 111
    Littleton,NH03561     		N/A PC General Operating Support 3,000
    Buck Memorial Library
    47 Main Street Box DD
    Bucksport,ME04416     		N/A PC General Operating Support 5,000
    Calais Downtown Revitalization Coalition
    PO Box 413
    Calais,ME04619     		N/A PC General Operating Support 3,000
    Camden Public Library Fund
    55 Main Street
    Camden,ME04843     		N/A PC General Operating Support 5,000
    Camp Sunshine at Sebago Lake
    35 Acadia Road
    Casco,ME04015     		N/A PC General Operating Support 2,000
    Christine B Foundation
    2002 Western Avenue
    Newburgh,ME04444     		N/A PC General Operating Support 10,000
    Community College System of New Hampshire
    26 College Drive
    Concord,NH03301     		N/A GOV General Operating Support 5,500
    Community Dental
    190 Park Avenue
    Portland,ME04102     		N/A PC General Operating Support 5,500
    Concord Regional VNA
    30 Pillsbury Street
    Concord,NH03301     		N/A PC General Operating Support 10,000
    Coos County Family Health Services
    120 Main Street Suite 5C
    Colebrook,NH03576     		N/A PC General Operating Support 4,000
    Cultivating Community
    PO Box 3792
    Portland,ME04104     		N/A PC General Operating Support 2,500
    Dover-Foxcroft Area Food Cupboard
    76 North Street
    DoverFoxcroft,ME04426     		N/A PC General Operating Support 4,000
    Downeast Salmon Federation
    187 Main Street
    Columbia Falls,ME04623     		N/A PC General Operating Support 5,000
    Eastport Public Library Association
    26 Water Street
    Eastport,ME04631     		N/A PC General Operating Support 7,500
    Ecology Education Inc
    184 Simpson Road
    Saco,ME04072     		N/A PC General Operating Support 25,000
    Fellowship Housing Opportunities Inc
    36 Pleasant Street
    Concord,NH03301     		N/A PC General Operating Support 5,000
    Friends of Congress Square Park
    PO Box 5056
    Portland,ME04101     		N/A PC General Operating Support 5,000
    Furniture Friends
    PO Box 631
    Westbrook,ME04098     		N/A PC General Operating Support 5,000
    Girls Incorporated of New Hampshire
    1711 South Willow Street Unit 5
    Manchester,NH03103     		N/A PC General Operating Support 5,500
    Good Shepherd Food Bank
    3121 Hotel Road
    Auburn,ME04210     		N/A PC General Operating Support 25,000
    Granite United Way
    22 Concord Street Floor 2
    Manchester,NH03101     		N/A PC General Operating Support 1,000
    Great Bay Services
    23 Cataract Avenue 1
    Dover,NH03820     		N/A PC General Operating Support 3,000
    Great North Woods Center for the Arts
    PO Box 302
    Colebrook,NH03576     		N/A PC General Operating Support 1,000
    Greater Androscoggin Humane Society
    55 Strawberry Avenue
    Lewiston,ME04240     		N/A PC General Operating Support 1,000
    Greater Portland Immigrant Welcome Center
    24 Preble Street
    Portland,ME04101     		N/A PC General Operating Support 5,000
    Greenville Firefighter's Association
    PO Box 1109
    Greenville,ME04441     		N/A PC General Operating Support 3,000
    HOME Inc
    PO Box 10
    Orland,ME04472     		N/A PC General Operating Support 20,600
    Habitat for Humanity International
    382 Harlow Street
    Bangor,ME04401     		N/A PC General Operating Support 10,000
    Halfway Home Pet Rescue
    PO Box 488
    Caribou,ME04736     		N/A PC General Operating Support 1,000
    Hancock County Auditorium Associates
    165 Main Street
    Ellsworth,ME04605     		N/A PC General Operating Support 3,000
    Hearty Roots Inc
    PO Box 302
    Bristol,ME04539     		N/A PC General Operating Support 5,500
    Hillsborough District Food Pantry
    7 Church Street
    Hillsborough,NH03244     		N/A PC General Operating Support 3,000
    Honor Flight Maine
    PO Box 1770
    Portland,ME04104     		N/A PC General Operating Support 5,000
    Hospice Help Foundation
    400 Little Harbor Road 1105
    Portsmouth,NH03801     		N/A PC General Operating Support 6,500
    House In The Woods Military and Family Retreat
    217 Skunk Hill Road
    Lee,ME04455     		N/A PC General Operating Support 5,000
    Humane Society Waterville Area
    100 Webb Road
    Waterville,ME04901     		N/A PC General Operating Support 1,000
    Husson University
    One College Circle
    Bangor,ME04401     		N/A PC General Operating Support 100,000
    Jobs for Maine's Graduates
    65 Stone Street
    Augusta,ME04330     		N/A PC General Operating Support 50,000
    John Bapst Memorial High School
    100 Broadway
    Bangor,ME04401     		N/A PC General Operating Support 10,000
    Junior Achievement of Maine
    565 Congress Street Suite 306
    Portland,ME04101     		N/A PC General Operating Support 7,500
    LA Arts
    221 Lisbon Street
    Lewiston,ME04240     		N/A PC General Operating Support 5,000
    Lakes Region Senior Center
    40 Acorn Street
    Gorham,ME04038     		N/A PC General Operating Support 2,400
    LifeFlight Foundation
    PO Box 899
    Camden,ME04843     		N/A PC General Operating Support 50,000
    Literacy Volunteers of Bangor
    354 Hogan Road
    Bangor,ME04401     		N/A PC General Operating Support 5,000
    Little Angels Service Dogs
    1088 US Route 302
    Barlett,NH03812     		N/A PC General Operating Support 5,500
    Mahoosuc Land Trust Inc
    PO Box 981
    Bethel,ME04217     		N/A PC General Operating Support 4,000
    Main Street Art Studio Inc
    PO Box 383
    Sangerville,ME04479     		N/A PC General Operating Support 4,500
    Maine Appalachian Trail Club Inc
    PO Box 7564
    Portland,ME04112     		N/A PC General Operating Support 10,000
    Maine Children's Home for Little Wanderers
    93 Silver Street
    Waterville,ME04901     		N/A PC General Operating Support 7,500
    Maine Community Foundation Inc
    245 Main Street
    Ellsworth,ME04605     		N/A PC General Operating Support 25,000
    Maine Farmland Trust
    97 Main Street
    Belfast,ME04915     		N/A PC General Operating Support 7,500
    Maine Federation of Farmers Markets
    88 Carding Machine Road
    Bowdoinham,ME04008     		N/A PC General Operating Support 5,000
    Maine Forest and Logging Museum
    PO Box 104
    Bradley,ME04411     		N/A PC General Operating Support 3,000
    Maine Maritime Academy
    One Pleasant Street
    Castine,ME04420     		N/A GOV General Operating Support 7,000
    Maine State Music Theater
    22 Elm Street
    Brunswick,ME04011     		N/A PC General Operating Support 1,000
    MaineHealth
    22 Bramhall Street
    Portland,ME04102     		N/A PC General Operating Support 50,000
    MaineShare
    PO Box 2095
    Augusta,ME04338     		N/A PC General Operating Support 2,000
    Make A Wish Foundation of New Hampshire
    814 Elm Street Suite 300
    Manchester,NH03101     		N/A PC General Operating Support 5,000
    Mayhew Program
    PO Box 120
    Bristol,NH03222     		N/A PC General Operating Support 5,000
    MCH Inc
    46 Summer Street
    Rockland,ME04841     		N/A PC General Operating Support 5,000
    Milford Lions Charities
    PO Box 274
    Milford,NH03055     		N/A PC General Operating Support 5,000
    Mount Desert Island Hospital
    PO Box 8
    Bar Harbor,ME04609     		N/A PC General Operating Support 10,000
    Museum L-A
    35 Canal Street Box A-7
    Lewiston,ME04240     		N/A PC General Operating Support 3,000
    Nashua Soup Kitchen and Shelter
    PO Box 3116
    Nashua,NH03061     		N/A PC General Operating Support 1,000
    New Beginnings Inc
    436 Main Street
    Lewiston,ME04240     		N/A PC General Operating Support 7,500
    New Hampshire Audubon
    3 Silk Farm Road
    Concord,NH03301     		N/A PC General Operating Support 5,000
    New Hampshire Theatre Project
    959 Islington Street
    Portsmouth,NH03801     		N/A PC General Operating Support 5,000
    New Hope For Women
    PO Box A
    Rockland,ME04841     		N/A PC General Operating Support 5,000
    Northern Light Health (fka Eastern Maine Medical Center)
    PO Box 931
    Bangor,ME04402     		N/A PC General Operating Support 25,000
    Old York Historical Society
    PO Box 312
    York,ME03909     		N/A PC General Operating Support 3,000
    Opportunity Housing Inc (OHI)
    203 Maine Avenue
    Bangor,ME04401     		N/A PC General Operating Support 5,500
    Our Town Belfast
    PO Box 103
    Belfast,ME04915     		N/A PC General Operating Support 3,000
    PAWS Animal Adoption Center
    PO Box 707
    Rockport,ME04856     		N/A PC General Operating Support 1,000
    Patriarchs Club
    PO Box 45
    Harmony,ME04942     		N/A PC General Operating Support 7,500
    Penobscot Theatre Company
    131 Main Street
    Bangor,ME04401     		N/A PC General Operating Support 10,000
    Penquis CAP Inc
    262 Harlow Street
    Bangor,ME04401     		N/A PC General Operating Support 5,000
    Peregrine Corp (dba Strive)
    39 Darling Avenue
    South Portland,ME04106     		N/A PC General Operating Support 7,500
    Pine Tree Society
    149 Front Street
    Bath,ME04530     		N/A PC General Operating Support 5,000
    Pir2Peer
    1009 Central Street
    Millinocket,ME04462     		N/A PC General Operating Support 7,500
    Portland Recovery Community Center
    468 Forest Avenue
    Portland,ME04101     		N/A PC General Operating Support 3,000
    Preble Street
    55 Portland Street
    Portland,ME04101     		N/A PC General Operating Support 7,500
    Rebuilding Together - Lincoln County
    PO Box 22
    Boothbay Harbor,ME04538     		N/A PC General Operating Support 5,000
    Restorative Justice Project Maine
    175 Lancaster Street Suite 217A
    Portland,ME04101     		N/A PC General Operating Support 5,000
    Safe Voices
    PO Box 713
    Auburn,ME04212     		N/A PC General Operating Support 7,500
    Schoodic Institute at Acadia National Park
    PO Box 277
    Winter Harbor,ME04693     		N/A PC General Operating Support 7,500
    Seacoast Child Advocacy Center Inc
    100 Campus Drive Suite 11
    Portsmouth,NH03801     		N/A PC General Operating Support 4,000
    Seeds of Hope Neighborhood Center
    35 South Street
    Biddeford,ME04005     		N/A PC General Operating Support 4,000
    SG United Foundation
    PO Box 670
    York,ME03909     		N/A PC General Operating Support 5,500
    Shalom House
    106 Gilman Street
    Portland,ME04102     		N/A PC General Operating Support 5,500
    Somerset Humane Society
    123 Middle Road
    Skowhegan,ME04976     		N/A PC General Operating Support 5,000
    SPCA of Hancock County
    141 Bar Harbor Road
    Trenton,ME04605     		N/A PC General Operating Support 1,000
    St Mary's Regional Medical Center
    PO Box 7291
    Lewiston,ME04243     		N/A PC General Operating Support 25,000
    Stage East
    PO Box 264
    Eastport,ME04631     		N/A PC General Operating Support 4,060
    Sweetser
    50 Moody Street
    Saco,ME04072     		N/A PC General Operating Support 5,000
    Tedford Housing
    PO Box 958
    Brunswick,ME04011     		N/A PC General Operating Support 5,000
    Teens To Trails
    179 Neptune Drive Suite 300
    Brunswick,ME04011     		N/A PC General Operating Support 4,000
    The Birchtree Center
    215 Commerce Way Suite 300
    Portsmouth,NH03801     		N/A PC General Operating Support 5,000
    The Center for Grieving Children
    555 Forest Avenue
    Portland,ME04104     		N/A PC General Operating Support 7,500
    The Challenger Learning Center of Maine
    30 Venture Way
    Bangor,ME04401     		N/A PC General Operating Support 2,500
    The Children's Center Early Intervention and Family Support
    1 Alden Avenue
    Augusta,ME04330     		N/A PC General Operating Support 16,500
    The Courageous Steps Project
    PO Box 1
    Stillwater,ME04489     		N/A PC General Operating Support 5,000
    The Cromwell Center for Disabilities Awareness
    97A Exchange Street Suite 205
    Portland,ME04101     		N/A PC General Operating Support 5,000
    The Foundation for Maine Community Colleges
    54 Lighthouse Circle
    South Portland,ME04106     		N/A PC General Operating Support 50,000
    The Friendly Kitchen Inc
    PO Box 373
    Concord,NH03302     		N/A PC General Operating Support 7,000
    The Front Door Agency
    7 Concord Street
    Nashua,NH03064     		N/A PC General Operating Support 5,500
    The Granite YMCA
    72 Concord Street
    Manchester,NH03576     		N/A PC General Operating Support 4,000
    The Jackson Laboratory
    600 Main Street
    Bar Harbor,ME04609     		N/A PC General Operating Support 20,000
    The Northern Lighthouse Inc
    PO Box 498
    Mars Hill,ME04758     		N/A PC General Operating Support 5,000
    The Plus Company Inc
    19 Chestnut Street
    Nashua,NH03060     		N/A PC General Operating Support 5,000
    The Purple Iris Foundation
    418 South Main Street 9
    Brewer,ME04412     		N/A PC General Operating Support 5,000
    Thomas College
    180 West River Road
    Waterville,ME04901     		N/A PC General Operating Support 10,000
    Tree Street Youth
    144 Howe Street
    Lewiston,ME04240     		N/A PC General Operating Support 5,000
    Tri-County Community Action Program
    30 Exchange Street
    Berlin,NH03570     		N/A PC General Operating Support 5,000
    Trinity Jubilee Center
    247 Bates Street
    Lewiston,ME04240     		N/A PC General Operating Support 5,000
    United Cerebral Palsy of Northeaster Maine
    400 Mt Hope Avenue Suite 320
    Bangor,ME04401     		N/A PC General Operating Support 4,000
    United Midcoast Charities
    87 Elm Street Suite 205
    Camden,ME04843     		N/A PC General Operating Support 1,800
    United Way of Androscoggin County
    PO Box 888
    Lewiston,ME04243     		N/A PC General Operating Support 2,700
    United Way of Aroostook County
    830 Main Street Unit 4
    Presque Isle,ME04769     		N/A PC General Operating Support 1,000
    United Way of Eastern Maine
    6 State Street Suite 102
    Bangor,ME04401     		N/A PC General Operating Support 46,000
    United Way of Greater Nashua
    20 Broad Street 1
    Nashua,NH03064     		N/A PC General Operating Support 1,000
    United Way of Greater Seacoast
    112 Corporate Drive Unit 3
    Portsmouth,NH03101     		N/A PC General Operating Support 1,000
    United Way of Kennebec Valley
    121 Commercial Street
    Augusta,ME04330     		N/A PC General Operating Support 3,900
    United Way of Mid Coast Maine
    34 Wing Farm Parkway 201
    Bath,ME04530     		N/A PC General Operating Support 2,000
    United Way of Mid-Maine
    105 Kennedy Memorial Drive
    Waterville,ME04901     		N/A PC General Operating Support 3,900
    United Way of Southern Maine
    550 Forest Avenue Suite 100
    Portland,ME04101     		N/A PC General Operating Support 17,800
    United Way of Tri-Valley
    PO Box 126
    Farmington,ME04938     		N/A PC General Operating Support 1,900
    Unity Barnraisers
    38 School Street 338
    Unity,ME04988     		N/A PC General Operating Support 5,000
    University of Maine System Inc
    40 Harlow Street
    Bangor,ME04401     		N/A GOV General Operating Support 12,500
    Upper Connecticut Valley Hospital
    181 Corliss Lane
    Colebrook,NH03576     		N/A PC General Operating Support 5,000
    Upstart Maine Inc
    20 Godfrey Drive
    Orono,ME04473     		N/A PC General Operating Support 7,500
    Veazie Community School
    1040 School Street
    Veazie,ME04401     		N/A GOV General Operating Support 5,500
    Veggies to Table
    4 Mills Road 47
    Newcastle,ME04553     		N/A PC General Operating Support 5,000
    Watershed School
    1 Free Street
    Camden,ME04843     		N/A PC General Operating Support 5,000
    Western Maine Children's Museum
    PO Box 1161
    Wilton,ME04294     		N/A PC General Operating Support 5,000
    YMCA Camp of Maine
    PO Box 446
    Winthrop,ME04364     		N/A PC General Operating Support 5,000
    Zebra Crossings
    PO Box 411
    Dover,NH03820     		N/A PC General Operating Support 1,000
    Total .................................bullet 3a 1,319,960
    bApproved for future payment
    Total .................................bullet 3b 0
    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 ...........     		    14 11,230  
    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 ............     		    18 347,043  
    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) .. 0 522,323 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    522,323
    (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
    Schedule B
    (Form 990)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2021
    Name of the organization
    Bangor Savings Bank Foundation
     
    Employer identification number

    04-3353896
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990) (2021)
    Schedule B (Form 990) (2021) Page 2
    Name of organization
    Bangor Savings Bank Foundation
          		Employer identification number
    04-3353896
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    Bangor Savings Bank
     
    24 Hamlin Way
     
    Bangor, ME044020930

    		$ 1,112,500


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

    		$  


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

    		$  


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

    		$  


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

    		$  


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

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990) (2021)
    Schedule B (Form 990) (2021)
    Page 3
    Name of organization
    Bangor Savings Bank Foundation
          		Employer identification number

    04-3353896
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990) (2021)
    Schedule B (Form 990) (2021)
    Page 4
    Name of organization
    Bangor Savings Bank Foundation
          		Employer identification number

    04-3353896
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990) (2021)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2021 AccountingFeesSchedule
    Name:
    Bangor Savings Bank Foundation
    EIN:
    04-3353896
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Tax preparation 2,400 1,200   1,200

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    Bangor Savings Bank Foundation
    EIN:
    04-3353896
    Name of Bond End of Year Book Value End of Year Fair Market Value
    200000 units Federal Farm Credit Bank 2.8% 199,638 202,332
    200000 units Federal Home Loan Bank 2.81% 198,728 201,694
    15078 units IGSB 815,479 779,834
    4089 units IEI 520,029 499,062
    7305 units IGIB 407,862 400,825
    11926 units BKLN 264,562 259,629
    3973 units BAB 118,543 117,879
    223 units IEF 26,374 23,966

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    Bangor Savings Bank Foundation
    EIN:
    04-3353896
    Name of Stock End of Year Book Value End of Year Fair Market Value
    1106 units VWAGY 35,879 27,285
    34 units AMZN 76,599 110,838
    489 units LOW 60,331 98,871
    1332 units WSM 52,720 48,140
    443 units STZ 90,428 102,032
    362 units PEP 30,673 60,592
    1191 units WBA 56,080 53,321
    398 units WMT 38,497 59,270
    1440 units ENB 39,478 66,370
    557 units CVX 46,661 90,696
    503 units PSX 23,427 43,454
    2202 units VIRT 53,519 81,958
    736 units CPM 55,133 100,332
    1910 units RF 39,423 42,517
    870 units TW 45,694 76,447
    269 units BRK/B 56,921 94,933
    471 units ICE 17,717 62,229
    1110 units BMY 58,210 81,063
    197 units ANTM 41,814 96,770
    439 units JNJ 59,688 77,804
    278 units SYK 34,529 74,323
    76 units ILMN 24,034 26,554
    310 units ICLR 36,125 75,398
    380 units VRTX 80,433 99,169
    691 units FAST 32,920 41,045
    152 units LMT 50,612 67,093
    651 units RTX 41,534 64,494
    746 units MTZ 52,589 64,977
    472 units ETN 39,433 71,631
    295 units GPN 38,110 40,368
    318 units FDX 66,563 73,582
    677 units CYBR 80,409 114,244
    333 units MSFT 47,047 102,667
    152 units ADBE 57,804 69,254
    306 units V 33,200 67,862
    316 units CRM 75,600 67,093
    275 units PYPL 25,004 31,804
    1169 units AAPL 82,687 204,119
    1072 units IIVI 74,476 77,709
    785 units AMAT 37,260 103,463
    491 units VMW 54,020 55,910
    1212 units NEM 71,424 96,293
    365 units ALB 35,862 80,720
    35 units GOOGL 32,469 97,347
    424 units DIS 38,203 58,156
    837 units PARA 23,566 31,647
    105 units FB 29,089 23,348
    1348 units VZ 69,767 68,667
    1786 units MDU 46,326 47,597
    443 units AWK 51,354 73,330
    235 units XLY 21,358 43,475
    1035 units XLF 34,261 39,661
    5609 units IJR 210,865 605,099
    3067 units IJH 279,576 822,999
    5824 units SCHH 110,008 144,959
    12316 units VWO 547,019 568,137
    12847 units IEFA 738,087 892,995
    241 units PSA 55,785 94,058

    TY 2021 OtherProfessionalFeesSchedule
    Name:
    Bangor Savings Bank Foundation
    EIN:
    04-3353896
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment advisory fees 43,451 43,451   0


    TY 2021 TaxesSchedule
    Name:
    Bangor Savings Bank Foundation
    EIN:
    04-3353896
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Foreign taxes 981 981   0
    Excise Taxes 927 0   0