Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023
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) 638-2961
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$40,816,789J 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) 10,000,000
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 603,360 603,360  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 353,845
b Gross sales price for all assets on line 6a 10,039,304
7 Capital gain net income (from Part IV, line 2)... 353,845
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........ 10,957,205 957,205  
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).......        
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
170,558 170,558   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)...        
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.......... 170,558 170,558   0
25 Contributions, gifts, grants paid....... 1,412,772 1,453,742
26 Total expenses and disbursements. Add lines 24 and 25 1,583,330 170,558   1,453,742
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 9,373,875
b Net investment income (if negative, enter -0-) 786,647
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
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............. 938,914 1,336,557 1,336,557
2 Savings and temporary cash investments.........      
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
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) right arrow  
Less: allowance for doubtful accounts right arrow        
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)....... 18,747,044 Click to see attachment
List of Attached Documents:
// Content
27,040,967 		27,040,967
c Investments—corporate bonds (attach schedule)....... 8,137,026 Click to see attachment
List of Attached Documents:
// Content
12,439,265 		12,439,265
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 27,822,984 40,816,789 40,816,789
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable................. 40,000  
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 right arrow) Click to see attachment
List of Attached Documents:
// Content
0 		Click to see attachment
List of Attached Documents:
// Content
934
23 Total liabilities (add lines 17 through 22)......... 40,000 934
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 27,782,984 40,815,855
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
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)..... 27,782,984 40,815,855
30 Total liabilities and net assets/fund balances (see instructions). 27,822,984 40,816,789
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
27,782,984
2
Enter amount from Part I, line 27a .....................
2
9,373,875
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
3,658,996
4
Add lines 1, 2, and 3 ..........................
4
40,815,855
5
Decreases not included in line 2 (itemize) right arrow
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
40,815,855
Form 990-PF (2023)
Form 990-PF (2023)
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 10,039,304   9,685,459 353,845
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       353,845
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 2 353,845
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
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 right arrow 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) 1 10,934
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 10,934
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 10,934
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 10,000
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 934
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 10,934
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 0
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow   Refundedright arrow 11  
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
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. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 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:
round bullet By language in the governing instrument, or
round bullet 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
 
No
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)
right arrowCT
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 2023 or the taxable year beginning in 2023? 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
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 addressright arrowWWW.LIBERTY-BANK.COM
14
The books are in care ofright arrowLINA CURTIN Telephone no.right arrow (860) 638-2961

Located atright arrow245 LONG HILL ROADMIDDLETOWNCT ZIP+4right arrow06457
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, 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 right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
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
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
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 2023? .............
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 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 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.
right arrow20, 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 2023 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 2023.) .....................
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 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
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
Organizations relying on a current notice regarding disaster assistance check .........right arrow
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
DAVID GLIDDEN PRESIDENT AND CEO
1.20 		0 0 0
245 LONG HILL ROAD
MIDDLETOWN,CT06457
DOUGLAS ANDERSON CHAIRMAN
1.20 		0 0 0
245 LONG HILL ROAD
MIDDLETOWN,CT06457
DR ELSA NUNEZ DIRECTOR
1.20 		0 0 0
245 LONG HILL ROAD
MIDDLETOWN,CT06457
FRED ERIKSON OUTGOING ASSISTANT SECRETARY
1.20 		0 0 0
245 LONG HILL ROAD
MIDDLETOWN,CT06457
KATHY DOUCETTE TREASURER
1.20 		0 0 0
245 LONG HILL ROAD
MIDDLETOWN,CT06457
MARY FABER ASSISTANT SECRETARY
1.20 		0 0 0
245 LONG HILL ROAD
MIDDLETOWN,CT06457
MINNIE SALEH DIRECTOR
1.20 		0 0 0
245 LONG HILL ROAD
MIDDLETOWN,CT06457
ROBERT PARRY DIRECTOR
1.20 		0 0 0
245 LONG HILL ROAD
MIDDLETOWN,CT06457
TIM RYAN DIRECTOR
1.20 		0 0 0
245 LONG HILL ROAD
MIDDLETOWN,CT06457
TORAL MAHER SECRETARY
40.00 		0 0 0
245 LONG HILL ROAD
MIDDLETOWN,CT06457
LIBERTY BANK SUBSTANTIAL CONTRIBUTOR
0.00 		0 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...................right arrow 0
Form 990-PF (2023)
Form 990-PF (2023)
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 170,558
245 LONG HILL ROAD
MIDDLETOWN,CT06457
Total number of others receiving over $50,000 for professional services.............right arrow0
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.........................right arrow0
Form 990-PF (2023)
Form 990-PF (2023)
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
29,479,785
b
Average of monthly cash balances.......................
1b
831,471
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
30,311,256
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
30,311,256
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
454,669
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
29,856,587
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,492,829
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
1,492,829
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
10,934
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
10,934
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,481,895
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
1,481,895
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
1,481,895
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
1,453,742
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
1,453,742
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7 1,481,895
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018...... 545,199
b From 2019...... 55,996
c From 2020...... 256,576
d From 2021......  
e From 2022...... 145,379
f Total of lines 3a through e ........ 1,003,150
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 1,453,742
a Applied to 2022, 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 2023 distributable amount..... 1,453,742
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2023. 28,153 28,153
(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 5 974,997
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 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		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 2018 not
applied on line 5 or line 7 (see instructions) ... 		517,046
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		457,951
10 Analysis of line 9:
a Excess from 2019.... 55,996
b Excess from 2020.... 256,576
c Excess from 2021....  
d Excess from 2022.... 145,379
e Excess from 2023....  
Form 990-PF (2023)
Form 990-PF (2023)
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 2023, enter the date of the ruling ...... right arrow
 
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 IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
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).)
LIBERTY BANK
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 right arrow
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 (2023)
Form 990-PF (2023)
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

ACCESS COMMUNITY ACTION AGENCY INC

1315 MAIN STREET
WILLIMANTIC,CT06226 		  PC TO SUPPORT ACCESS TO EMPLOYMENT - CASE MANAGEMENT 5,000

ACHIEVE HARTFORD

1429 PARK ST UNIT
HARTFORD,CT06106 		  PC TO SUPPORT SUMMER TRANSITION & COLLEGE PERSISTENCE PROGRAMS & SECTOR-ALIGNMENT WORK 5,000

AMERICAN CANCER SOCIETY INC (ACS)

111 FOUNDERS PLAZA - SUITE 200
EAST HARTFORD,CT06108 		  PC TO SUPPORT THE ACCESS TO CARE PROGRAM FOR THOSE IN NEED 50,000

AMERICAN RED CROSS CONNECTICUT CHAPTER

209 FARMINGTON AVENUE
FARMINGTON,CT060321955 		  PC TO SUPPORT TURKIYE EARTHQUAKE DISASTER RELIEF 10,000

AMITY TEEN CENTER INC

PO BOX 3671
WOODBRIDGE,CT06525 		  PC TO SUPPORT THE LIFE SKILLS EDUCATION PROGRAM 5,000

ARTS COUNCIL OF GREATER NEW HAVEN

70 AUDUBON STREET 2ND FLOOR
NEW HAVEN,CT06510 		  PC TO SUPPORT THE YOUTH ARTS JOURNALISM INITIATIVE (YAJI) 5,000

ARTS FOR LEARNING CT

1 EVERGREEN AVE SUITE 33
HAMDEN,CT06518 		  PC TO SUPPORT HIGHER ORDER THINKING (HOT) SCHOOLS AT CHURCH STREET ELEMENTARY SCHOOL IN HAMDEN 5,000

BEAT THE STREET COMMUNITY CENTER INC

121 SOUTH COLONY ST
MERIDEN,CT06450 		  PC TO SUPPORT THE BEAT THE STREET CAREER EXPLORERS PROGRAM 5,000

BEDROCK CREDIT AMERICA

250 OLD WOODBURY ROAD
SOUTHBURY,CT06488 		  PC TO SUPPORT COMMUNITY CREDIT PRESENTATIONS 5,000

BEST BUDDIES IN CONNECTICUT

74 VINE STREET
NEW BRITAIN,CT06052 		  PC TO SUPPORT THE BBCT FRIENDSHIP AND LEADERSHIP DEVELOPMENT PROGRAM 5,000

BEULAH LAND DEVELOPMENT CORPORATION

774 ORCHARD STREET
NEW HAVEN,CT06511 		  PC TO SUPPORT THE DIXWELL/NEW HAVEN AFFORDABLE HOUSING INITIATIVE 25,000

BOYS & GIRLS CLUB OF BRISTOL FAMILY CENTER

255 WEST STREET
BRISTOL,CT06010 		  PC TO SUPPORT POWER HOUR: MAKING MINUTES COUNT 7,500

BOYS & GIRLS CLUB OF CHICOPEE INC

580 MEADOW STREET
CHICOPEE,MA01013 		  PC TO SUPPORT THE BUILDING TEEN FUTURES, OPENING THE DOORS FOR TOMORROW'S LEADERS CAPITAL CAMPAIGN 25,000

BOYS & GIRLS CLUB OF THE LOWER NAUGATUCK VALLEY

1 POSITIVE PLACE
SHELTON,CT06484 		  PC TO SUPPORT THE AFTER SCHOOL PROGRAMS 5,000

BOYS & GIRLS CLUB OF WEST SPRINGFIELD

615 MAIN ST
WEST SPRINGFIELD,MA01089 		  PC TO SUPPORT SUMMER BRAIN GAIN 10,000

BUILDING NEIGHBORHOODS TOGETHER

570 STATE ST
BRIDGEPORT,CT06604 		  PC TO SUPPORT THE ERA CAPACITY BUILDING PROGRAM 5,000

CAPITAL COMMUNITY COLLEGE FOUNDATION INC

950 MAIN ST
HARTFORD,CT06103 		  PC TO SUPPORT THE CAPITAL COMMUNITY COLLEGE MICROGRANT PROGRAM 10,000

THE CARE CENTER

247 CABOT STREET
HOLYOKE,MA01040 		  PC TO SUPPORT THE TO AND THROUGH COLLEGE PROGRAM 5,000

CHARTER OAK STATE COLLEGE FOUNDATION INC

185 MAIN STREET
NEW BRITAIN,CT06051 		  PC TO SUPPORT PARENTS INTENT ON IMPROVING TOMORROW (PIIT) 10,000

CHRYSALIS CENTER HOUSING DEVELOPMENT CORPORATION

255 HOMESTEAD AVENUE
HARTFORD,CT06112 		  PC TO SUPPORT THE HEARRT HOUSE 20,000

CITY SEED

315 FRONT STREET
NEW HAVEN,CT06513 		  PC TO SUPPORT INCUBATING A DIVERSE FOOD ECONOMY IN NEW HAVEN 5,000

COALITION ON HOUSING AND HOMELESSNESS

100 RIVERVIEW CENTER SUITE 230
MIDDLETOWN,CT06457 		  PC TO SUPPORT THE PROMOTION OF AFFORDABLE HOUSING IN MIDDLESEX COUNTY, MERIDEN, AND WALLINGFORD 10,000

COLLAB INCORPORATED

PO BOX 38
NEW HAVEN,CT06513 		  PC TO SUPPORT THE COLLAB WOMENS INITIATIVE: LAUNCHING CATALYTIC BUSINESS EDUCATION PROGRAMS FOR FEMALE ENTREPRENEURS 5,000

THE COMMUNITY FOUNDATION FOR GREATER NEW HAVEN

70 AUDUBON STREET
NEW HAVEN,CT06510 		  PC TO SUPPORT THE NEW HAVEN EQUITABLE ENTREPRENEURIAL ECOSYSTEM 50,000

COMMUNITY FOUNDATION OF MIDDLESEX COUNTY

49 MAIN STREET
MIDDLETOWN,CT06457 		  PC TO SUPPORT THE 2023 LIBERTY BANK ROTARY CLUB THANKSGIVING DRIVE 200,000

COMMUNITY FOUNDATION OF MIDDLESEX COUNTY

49 MAIN STREET
MIDDLETOWN,CT06457 		  PC TO SUPPORT THE WEBSITE UPGRADES PROJECT 7,500

COMPASS YOUTH COLLABORATIVE

55 AIRPORT ROAD SUITE 201
HARTFORD,CT06114 		  PC TO SUPPORT THE COMPASS PEACEBUILDERS WORKFORCE EDUCATION 5,000

CONNECTICUT HOSPITALITY EDUCATIONAL ASSOCIATION

270 FARMINGTON AVE SUITE 142
FARMINGTON,CT06032 		  PC TO SUPPORT CT OPPORTUNITIES IN RESTAURANT EMPLOYMENT (CORE) 5,000

CONNECTICUT NAACP CO TIDES FOUNDATION

755 MAIN ST STE 105
HARTFORD,CT06103 		  PC TO SUPPORT THE ONE MILLION JOBS CAMPAIGN 5,000

CONNECTICUT SCIENCE CENTER

250 COLUMBUS BOULEVARD
HARTFORD,CT06103 		  PC TO SUPPORT TEEN PROGRAMS AT CONNECTICUT SCIENCE CENTER 25,000

THE CONNECTICUT STORYTELLING CENTER INC

290 STATE STREET
NEW LONDON,CT06320 		  PC TO SUPPORT THE LITTLEST LISTENERS LITERACY RESIDENCY 5,000

CONNECTICUT VETERANS LEGAL CENTER

114 BOSTON POST RD GROUND FLOOR
G0016
WEST HAVEN,CT06516 		  PC TO SUPPORT REMOVING LEGAL BARRIERS: HOUSING OUR VETERANS 10,000

CONNECTIKIDS INC

814 ASYLUM AVENUE
HARTFORD,CT06105 		  PC TO SUPPORT THE CONNECTIKIDS TUTORING AND MENTORING PROGRAM 5,000

COVENANT PREPARATORY SCHOOL

474 WOODLAND STREET
HARTFORD,CT06112 		  PC TO SUPPORT THE GRADUATE ASSISTANCE PROGRAM 10,000

COVENANT SOUP KITCHEN

220 VALLEY ST
WILLIMANTIC,CT06226 		  PC TO SUPPORT COVENANT SOUP KITCHEN AND FOOD PANTRY 5,000

CT PARTNERSHIP FOR CHILDREN INC

98 OLIVE STREET
NAUGATUCK,CT06770 		  PC TO SUPPORT PLTI AND CLTI 6,000

THE DIAPER BANK OF CONNECTICUT

370 STATE STREET SUITE 4
NORTH HAVEN,CT06473 		  PC TO PROVIDE BASIC HYGIENE PRODUCTS FOR FAMILIES IN NEED 5,000

DOWNTOWN EVENING SOUP KITCHEN INC

266 STATE STREET
NEW HAVEN,CT06510 		  PC TO SUPPORT THE MEALS PROGRAM 5,000

EAST LONGMEADOW COUNCIL ON AGING

328 NORTH MAIN STREET
EAST LONGMEADOW,MA01028 		  PC TO SUPPORT THE EAST LONGMEADOW FOOD PANTRY 5,000

EASTERN CONNECTICUT HOUSING OPPORTUNITIES

165 STATE ST SUITE 311
NEW LONDON,CT06320 		  PC TO SUPPORT ECHO'S BLUEPRINT FOR GROWTH 20,000

FRESH NEW LONDON

PO BOX 285 26 BROAD STREET
BOSTON,MA02111 		  PC TO SUPPORT THE FRESH NEW LONDON YOUTH PROGRAM 5,000

FAIR HAVEN COMMUNITY HEALTH CLINIC INC

374 GRAND AVENUE
NEW HAVEN,CT06513 		  PC TO SUPPORT THE FAIR HAVEN COMMUNITY HEALTH CARE NEW COMMUNITY CLINIC CAMPAIGN 20,000

FIVE FROGS

357 COMMERCE DRIVE SUITE 1142
FAIRFIELD,CT06825 		  PC TO SUPPORT THE LEADERSHIP DEVELOPMENT ROUNDTABLE 5,000

THE FOOD BANK OF WESTERN MASSACHUSETTS

25 CAREW STREET
CHICOPEE,MA01020 		  PC TO PURCHASE FOOD 5,000

GREATER NEW BRITAIN TEEN PREGNANCY PREVENTION INC

43 VIETS ST
NEW BRITAIN,CT06053 		  PC TO SUPPORT THE PATHWAYS TO SUCCESS PROGRAM 5,000

GREATER NEW HAVEN NAACP ADULT BRANCH

1389 CHAPEL STREET
NEW HAVEN,CT06511 		  PC TO SUPPORT ADVOCACY AND WORK OF THE GREATER NEW HAVEN NAACP 5,000

GREATER SPRINGFIELD HABITAT FOR HUMANITY

268 COLD SPRING AVENUE
WEST SPRINGFIELD,MA01089 		  PC TO SUPPORT HOMEOWNERSHIP AND HOME PRESERVATION PROGRAMS 5,000

HARTFORD AREA HABITAT FOR HUMANITY

75 CHARTER OAK AVE BLDG 2 STE 205
HARTFORD,CT06106 		  PC TO SUPPORT THE NORTHEAST NEIGHBORHOOD-HARTFORD BUILD 25,000

HARTFORD PAL

50 WILLIAMS ST
HARTFORD,CT06120 		  PC TO SUPPORT THE HARTFORD PAL (THE POLICE ACTIVITIES LEAGUE OF HARTFORD INC.) 5,000

HIGHER EDGE

35 REDDEN AVENUE
NEW LONDON,CT06320 		  PC TO ADVANCE EDUCATIONAL OPPORTUNITIES & ADVOCACY EFFORTS FOR UNDERREPRESENTED YOUTH 10,000

HORIZONS AT THE FOOTE SCHOOL

50 LOOMIS PLACE
NEW HAVEN,CT06511 		  PC TO SUPPORT THE HORIZONS AT FOOTE SCHOOL SUMMER PROGRAM 7,500

HORIZONS AT WESTMINSTER

995 HOPMEADOW STREET
SIMSBURY,CT06070 		  PC TO SUPPORT HORIZONS AT WESTMINSTER: SUMMER 2023 PROGRAM SUPPORT 5,000

HOUSE OF HEROES CONNECTICUT

3342 WHITNEY AVENUE
HAMDEN,CT06518 		  PC TO SUPPORT HOME REPAIR PROJECTS FOR VETERANS 11,000

THE HUNDRED CLUB OF CONNECTICUT INC

119 OAKWOOD DRIVE
GLASTONBURY,CT06033 		  PC TO SUPPORT THE HERO'S FUND IN MEMORY OF HARTFORD POLICE OFFICER, BOBBY GARTEN 15,000

INTERNATIONAL HARTFORD LTD

151 NEW PARK AVE SUITE 5
HARTFORD,CT06106 		  PC TO PROVIDE MINORITY AND IMMIGRANT GROUPS WITH ENTREPRENEURIAL SUPPORT 10,000

THE IQUILT PARTNERSHIP

24 CENTRAL ROW
HARTFORD,CT06103 		  PC TO REPLACE AGING RINK BOARDS AND BARRIERS 25,000

JEWISH FEDERATION OF GREATER HARTFORD

333 BLOOMFIELD AVE
WEST HARTFORD,CT06117 		  PC TO SUPPORT CHILDREN'S READING PARTNERS 10,000

JEWISH FEDERATION OF GREATER HARTFORD

333 BLOOMFIELD AVE
WEST HARTFORD,CT06117 		  PC TO SUPPORT HUMANITARIAN RELIEF ABROAD 25,000

JUNIOR ACHIEVEMENT OF SOUTHWEST NEW ENGLAND INC

70 FARMINGTON AVENUE
HARTFORD,CT06105 		  PC TO SUPPORT JA PROJECT TOMORROWS FOR GREATER NEW HAVEN STUDENTS 5,000

JUNIOR ACHIEVEMENT OF WESTERN MASSACHUSETTS INC

1500 MAIN STREET STE 217 PO BOX
15167
SPRINGFIELD,MA01115 		  PC TO SUPPORT THE JA CLIC PROGRAMMATIC EXPANSION PROJECT 5,000

KNOX INC

75 LAUREL STREET
HARTFORD,CT06106 		  PC TO SUPPORT THE GREEN JOBS APPRENTICESHIPS 5,000

LATINAS & POWER INC

31 PRATT STREET 5TH FLOOR
HARTFORD,CT06103 		  PC TO SUPPORT THE LATINAS IN LEADERSHIP INSTITUTE 25,000

LITERACY VOLUNTEERS OF GREATER NEW HAVEN

5 SCIENCE PARK 2ND FLOOR REAR
NEW HAVEN,CT06511 		  PC TO SUPPORT THE LITERACY OUTREACH, ACCESS, AND EQUITY IN MERIDEN & WALLINGFORD 5,000

LITERACY VOLUNTEERS OF GREATER WATERBURY

267 GRAND ST
WATERBURY,CT06702 		  PC TO SUPPORT THE ADULT LITERACY PROGRAM 5,000

A LITTLE COMPASSION INC

162 MAIN STREET
DEEP RIVER,CT06417 		  PC TO SUPPORT VOCATIONAL SKILLS TRAINING PROGRAMS AT A LITTLE COMPASSION 5,000

LOCAL INITIATIVES SUPPORT CORPORATION

75 CHARTER OAK AVE SUITE 2-300
HARTFORD,CT06106 		  PC TO SUPPORT LISC CT IN BUILDING CAPACITY FOR TRANSFORMATIVE COMMUNITY DEVELOPMENT ACROSS CT 25,000

MARC COMMUNITY RESOURCES

25 INDUSTRIAL PARK ROAD
MIDDLETOWN,CT06457 		  PC TO SUPPORT MARCS EMPLOYMENT SERVICES PROGRAM FOR INDIVIDUALS WITH I/DD 5,000

MIDDLESEX HABITAT FOR HUMANITY OF CT INC

34 SHUNPIKE ROAD UNIT 12
CROMWELL,CT06416 		  PC TO SUPPORT HABITAT'S MISSION 5,000

MIDDLESEX UNITED WAY

100 RIVERVIEW CENTER SUITE 230
MIDDLETOWN,CT064573445 		  PC TO SUPPORT THE ANNUAL APPEAL 2022-2023 52,000

MIDDLESEX YMCA

99 UNION ST
MIDDLETOWN,CT06457 		  PC TO SUPPORT THE KIDS' KORNER BEFORE AND AFTERSCHOOL PROGRAM 20,000

MUSIC AND POETRY SYNCHRONIZED INC (MAPS)

39 MASSASOIT STREET
NORTHAMPTON,MA01060 		  PC TO SUPPORT MUSIC AND POETRY SYNCHRONIZED (MAPS) PROGRAMMING 5,000

NATIONAL CONFERENCE FOR COMMUNITY AND JUSTICE (NCCJ)

100 RIVERVIEW CENTER SUITE 292
MIDDLETOWN,CT06457 		  PC TO SUPPORT THE NCCJ EQUITY LEADERSHIP ALLIANCE 50,000

NEIGHBORHOOD HOUSING SERVICES OF NEW BRITAIN INC

223 BROAD STREET
NEW BRITAIN,CT06053 		  PC TO SUPPORT THE FINANCIAL FITNESS FOR LOW-INCOME HOMEOWNERS INITIATIVE 10,000

NEW HAVEN PROMISE

28 LINCOLN WAY
NEW HAVEN,CT06510 		  PC TO SUPPORT BACK NEW HAVEN 10,000

THE NEW LONDON COMMUNITY MEAL CENTER INC

12 MONTAUK AVENUE
NEW LONDON,CT06320 		  PC TO PROVIDE GENERAL OPERATING SUPPORT 5,000

THE NEW LONDON COMMUNITY MEAL CENTER INC

12 MONTAUK AVENUE
NEW LONDON,CT06320 		  PC TO PURCHASE FOOD 5,000

NEW REACH

269 PECK STREET
NEW HAVEN,CT06513 		  PC TO SUPPORT THE AFFORDABLE HOUSING PROGRAM 20,000

NORTHWEST REGIONAL WORKFORCE INVESTMENT BOARD

249 THOMASTON AVENUE
WATERBURY,CT06702 		  PC TO SUPPORT THE HOME WORKS PROGRAM 10,000

ODDFELLOWS PLAYHOUSE

128 WASHINGTON STREET
MIDDLETOWN,CT06457 		  PC TO SUPPORT THE ODDBRIDGE AFTER-SCHOOL PROGRAM 5,000

PRO BONO PARTNERSHIP INC

237 MAMARONECK AVENUE SUITE 305
WHITE PLAINS,NY10605 		  PC TO PROVIDE FREE LEGAL SERVICES FOR CONNECTICUT NONPROFITS 5,000

PRUDENCE CRANDALL CENTER

PO BOX 895
NEW BRITAIN,CT06050 		  PC TO SUPPORT THE SUPPORTIVE HOUSING PROGRAM FOR VICTIMS OF DOMESTIC VIOLENCE AND THEIR CHILDREN 15,000

READ TO A CHILD INC

35 EAST MAIN STREET 318
AVON,CT06001 		  PC TO SUPPORT THE READ ALOUD MENTORING PROGRAM: LITERACY MENTORING FOR K-4 HARTFORD STUDENTS 5,000

ROCA INC

101 PARK STREET
CHELSEA,MA02150 		  PC TO SUPPORT THE ROCA HARTFORD YOUNG MOTHERS PROGRAM 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

SAFE FUTURES

16 JAY ST
NEW LONDON,CT063205910 		  PC TO SUPPORT THE PATHWAYS TO CAREER SUCCESS PROGRAM 5,000

SAINT FRANCIS HOSPITAL AND MEDICAL CENTER

114 WOODLAND STREET
HARTFORD,CT06105 		  PC TO SUPPORT THE YOUTH HEALTHCARE CAREER DEVELOPMENT PROGRAMS 5,000

SAINT MARY'S HOSPITAL FOUNDATION INC

56 FRANKLIN ST
HARTFORD,CT061051208 		  PC TO SUPPORT THE SUMMER JOB SHADOWING PROGRAM 5,000

SAN JUAN CENTER INC

1277 MAIN STREET
HARTFORD,CT06103 		  PC TO SUPPORT THE HARTFORD REAL ESTATE DEVELOPMENT INITIATIVE 25,000

SENIOR HOUSING CRIME PREVENTION FOUNDATION

8700 TRAIL LAKE DRIVE W SUITE 140
MEMPHIS,TN38125 		  PC TO SUPPORT THE SENIOR SECURE PROGRAM 5,000

SOCIAL ENTERPRISE TRUST (RESET)

1429 PARK ST SUITE 114
HARTFORD,CT06106 		  PC TO SUPPORT THE GROWING FOOD BUSINESSES IN HARTFORD 7,500

SOLAR YOUTH

53 WAYFARER ST
NEW HAVEN,CT06515 		  PC TO SUPPORT THE YOUTH EDUCATOR INTERN PROGRAM 5,000

SOUTHEASTERN CONNECTICUT COMMUNITY LAND TRUST INC (SE CT CLT)

539 BEACH POND ROAD
VOLUNTOWN,CT06384 		  PC TO SUPPORT COMMUNITY OUTREACH FOR HOMEOWNERSHIP IN NEW LONDON 5,000

SOUTHINGTON-CHESHIRE COMMUNITY YMCA

29 HIGH STREET
SOUTHINGTON,CT06489 		  PC TO SUPPORT THE YMCA CAMP SLOPER DAY CAMP EXPERIENCE 5,000

SPANISH COMMUNITY OF WALLINGFORD

284 WASHINGTON ST
WALLINGFORD,CT06492 		  PC TO SUPPORT THE ADELANTE! AMERICA PROGRAMS 5,000

SQUASH HAVEN INC

SQUASH HAVEN 70 TOWER PARKWAY
NEW HAVEN,CT06511 		  PC TO SUPPORT THE SQUASH HAVEN PROGRAM IN 2023-24 5,000

ST MARTIN DE PORRES ACADEMY

208 COLUMBUS AVENUE
NEW HAVEN,CT06519 		  PC TO SUPPORT THE GRADUATE SUPPORT PROGRAM 5,000

ST VINCENT DEPAUL MIDDLETOWN

617 MAIN ST POBOX 398
MIDDLETOWN,CT06457 		  PC TO SUPPORT THE COMMUNITY FOOD AND NUTRITION SUPPORT INITIATIVE 5,000

THAMES RIVER COMMUNITY SERVICE INC

ONE THAMES RIVER PLACE
NORWICH,CT06360 		  PC TO SUPPORT YOUNG PARENTS WITH SECURE AND STABLE HOUSING 5,000

THREE RIVERS COLLEGE FOUNDATION

574 NEW LONDON TURNPIKE
NORWICH,CT06360 		  PC TO SUPPORT STRENGTHENING WORKFORCE IN SECT 5,000

TOWN OF ROCKY HILL

761 OLD MAIN STREET
ROCKY HILL,CT06067 		  PC TO PURCHASE FOOD FOR ROCKY HILL FOOD PANTRY 5,000

TRAVELING TOYS INC

1 STATE STREET
GUILFORD,CT06347 		  PC TO SUPPORT THE FIRST TOY LENDING LIBRARY WITHIN THE CHILDRENS AND TEENS' SECTIONS OF THE WILLIMANTIC PUBLIC LIBRARY 5,592

UNITED WAY OF CENTRAL AND NORTHEASTERN CT

30 LAUREL STREET
HARTFORD,CT06106 		  PC TO SUPPORT THE ANNUAL APPEAL 2022-2023 16,000

UNITED WAY OF GREATER NEW HAVEN

370 JAMES ST SUITE 403
NEW HAVEN,CT06513 		  PC TO SUPPORT THE ANNUAL APPEAL 2022-2023 7,000

UNITED WAY OF GREATER WATERBURY

100 NORTH ELM STREET 2ND FLOOR
WATERBURY,CT06702 		  PC TO SUPPORT THE ANNUAL APPEAL 2022-2023 5,000

UNITED WAY OF MERIDEN AND WALLINGFORD

35 PLEASANT STREET SUITE 1E
MERIDEN,CT06450 		  PC TO SUPPORT THE ANNUAL APPEAL 2022-2023 5,000

UNITED WAY OF SOUTHEASTERN CT

283 STODDARDS WHARF ROAD PO BOX 375
GALES FERRY,CT06335 		  PC TO SUPPORT THE ANNUAL APPEAL 2022-2023 16,000

UNITED WAY OF SOUTHEASTERN CT

283 STODDARDS WHARF ROAD PO BOX 375
GALES FERRY,CT06335 		  PC TO SUPPORT JOB DEVELOPMENT FOR MULTI-LINGUAL LEARNERS 10,000

THE UNIVERSITY OF CONNECTICUT FOUNDATION INC

2390 ALUMNI DRIVE UNIT 3206
STORRS,CT06269 		  PC TO SUPPORT UCONN ENTREPRENEURSHIP BOOTCAMP FOR VETERANS (EBV) 10,000

URBAN LEAGUE OF GREATER HARTFORD INC

140 WOODLAND STREET
HARTFORD,CT06105 		  PC TO SUPPORT THE URBAN LEAGUE OF GREATER HARTFORD (ULGH) FINANCIAL OPPORTUNITY CENTER (FOC) 24,000

WATERBURY LAND BANK AUTHORITY

207 BANK STREET 3RD FLOOR PO BOX
825
WATERBURY,CT06759 		  PC TO SUPPORT A CONDITIONS ASSESSMENT 19,500

WESLEYAN UNIVERSITY

ATTN CAROLYN KAUFMAN 237 HIGH
STREET
MIDDLETOWN,CT064590486 		  PC GIRLS IN SCIENCE 5,000

WILLARD M MCRAE COMMUNITY DIVERSITY AWARD

LIBERTY BANK FOUNDATION 1190 SILAS
DEANE HIGHWAY
WETHERSFIELD,CT06109 		  PC 2023 RECIPIENT - CT VETERANS LEGAL CENTER 10,000

WILLIMANTIC PUBLIC LIBRARY

905 MAIN STREET
WILLIMANTIC,CT06226 		  PC TO SUPPORT THE STREET LAB PARTNERSHIP WITH WILLIMANTIC PUBLIC LIBRARY 5,000

WINDHAM AREA INTERFAITH MINISTRY

PO BOX 221866 MAIN STREET
WILLIMANTIC,CT06226 		  PC TO SUPPORT THE EMERGENCY DIRECT ASSISTANCE - UNMET NEED FUND 5,000

WINDHAM REGION NO FREEZE PROJECT INC

433 VALLEY STREET
WILLIMANTIC,CT06226 		  PC TO SUPPORT THE DIVERSION PROGRAM 5,000

WOMEN'S BUSINESS DEVELOPMENT COUNCIL

184 BEDFORD STREET SUITE 201
STAMFORD,CT06901 		  PC TO SUPPORT BUSINESS TRAINING, ADVISING, AND FINANCIAL SUPPORT FOR ENTREPRENEURS AND CHILDCARE PROVIDERS 10,000

YMCA OF GREATER SPRINGFIELD

PO BOX 15329 1500 MAIN STREET UNIT
256
SPRINGFIELD,MA01115 		  PC TO SUPPORT EDUCATIONAL PROGRAMMING FOR YOUTH 20,000

YMCA OF METROPOLITAN HARTFORD

50 STATE HOUSE SQUARE 2ND FLOOR
HARTFORD,CT06103 		  PC TO SUPPORT THE Y-BELL POWER SCHOLARS ACADEMY (PSA) 10,000

YWCA HARTFORD REGION INC

135 BROAD STREET
HARTFORD,CT06105 		  PC TO SUPPORT THE YW CAREER WOMEN PROGRAM 5,000

THE BRIDGE FAMILY CENTER

1022 FARMINGTON AVENUE
WEST HARTFORD,CT06107 		  PC TO SUPPORT FUN FRIDAYS 2,700

BUSINESS INDUSTRY FOUNDATION OF MIDDLESEX COUNTY

393 MAIN STREET
MIDDLETOWN,CT06457 		  PC TO SUPPORT THE HAL KAPLAN MIDDLETOWN MENTOR PROGRAM 2023-2024 SCHOOL YEAR 4,950

LIBERTY BANK VOLUNTEER HALL OF FAME AWARD

1190 SILAS DEANE HIGHWAY
WETHERSFIELD,CT06109 		  PC DONATION DIRECTED BY 2022 LIBERTY BANK VOLUNTEER HALL OF FAME INDUCTEE, LLOYD HUIE TO HARTFORD CITY MISSION 1,000

UNITED WAY OF SOUTHINGTON

35 N MAIN ST SUITE 3A-9
SOUTHINGTON,CT06489 		  PC TO SUPPORT ANNUAL APPEAL 2022-2023 1,000

UNITED WAY OF NAUGATUCK AND BEACON FALLS

270 CHURCH STREET
NAUGATUCK,CT06770 		  PC TO SUPPORT THE ANNUAL APPEAL 2022-2023 4,000

UNITED WAY OF PIONEER VALLEY

1441 MAIN STREET SUITE 147
SPRINGFIELD,MA01103 		  PC TO SUPPORT THE ANNUAL APPEAL 2022-2023 2,500

UNITED WAY OF WEST CENTRAL CONNECTICUT

440 N MAIN ST SUITE D
BRISTOL,CT06010 		  PC TO SUPPORT THE ANNUAL APPEAL 2022-2023 2,500

VALLEY UNITED WAY

54 GROVE STREET SUITE 1
SHELTON,CT06484 		  PC TO SUPPORT THE ANNUAL APPEAL 2022-2023 3,000
Total .................................right arrow 3a 1,453,742
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2023)
Form 990-PF (2023)
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 ....     14 603,360  
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 ............ 		    18 353,845  
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) .. 0 957,205 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
957,205
(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 (2023)
Form 990-PF (2023)
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.
right arrow right arrow
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 Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2023)
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
2023
Name of the organization
LIBERTY BANK FOUNDATION INC
 
Employer identification number

06-1479957
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) (2023)
Schedule B (Form 990) (2023) Page 2
Name of organization
LIBERTY BANK FOUNDATION INC
  		Employer identification number
06-1479957
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
LIBERTY BANK
 
245 LONG HILL ROAD
 
MIDDLETOWN, CT06457

$ 10,000,000


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

$  


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

$  


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

$  


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

$  


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

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 3
Name of organization
LIBERTY BANK FOUNDATION INC
  		Employer identification number

06-1479957
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) (2023)
Schedule B (Form 990) (2023)
Page 4
Name of organization
LIBERTY BANK FOUNDATION INC
  		Employer identification number

06-1479957
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) (2023)
Additional Data


Software ID:  
Software Version:  

TY 2023 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 12,439,265 12,439,265

TY 2023 InvestmentsCorpStockSchedule
Name:
LIBERTY BANK FOUNDATION INC
EIN:
06-1479957
Name of Stock End of Year Book Value End of Year Fair Market Value
EQUITY 27,040,967 27,040,967

TY 2023 OtherIncreasesSchedule
Name:
LIBERTY BANK FOUNDATION INC
EIN:
06-1479957
Description Amount
UNREALIZED GAIN ON INVESTMENTS 3,640,638
BOOK TO TAX ADJUSTMENT 18,358


TY 2023 OtherLiabilitiesSchedule
Name:
LIBERTY BANK FOUNDATION INC
EIN:
06-1479957
Description Beginning of Year - Book Value End of Year - Book Value
EXCISE TAX PAYABLE 0 934


TY 2023 OtherProfessionalFeesSchedule
Name:
LIBERTY BANK FOUNDATION INC
EIN:
06-1479957
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT FEES 170,558 170,558   0