2017-06-13T13:29:16-07:00 2016-12-31 Lombardi Clairmont & Keegan CPAs 35 Pearl Street Pittsfield MA 012014718 990PF 2016-01-01 043365869 BERKSHIRE BANK FOUNDATION INC BERK 4132363733 PO BOX 1308 PITTSFIELD MA 01202 LORI GAZZILLO Secretary 2017-06-13 true BARRY J CLAIRMONT P01259587 4134993733 2016 2021-01-29 14:40:06Z X 28688253 X X 772271 772271 4140498 11290654 4140498 4912769 4912769 180000 180000 12250 12250 145057 113275 31782 50031 2057 205879 205879 593217 115332 429911 1850612 1836037 2443829 115332 2265948 2468940 4797437 1426070 500357 500357 9093 16796063 24169982 28096378 88174 91518 91518 18319400 24761857 28688253 26521 59912 7442 22017 33963 81929 X 18285437 24679928 18285437 24679928 18319400 24761857 18285437 2468940 3925551 24679928 24679928 Amgen Inc 3.45% P 2016-02-08 2016-01-01 771 -771 -771 Astrazeneca 1.95% P 2001-01-01 2016-01-01 389 -389 -389 BB&T Corp 5.25% P 2001-01-01 2016-01-01 4092 -4092 -4092 Becton Dickinson 3.25% P 2001-01-01 2016-01-01 893 -893 -893 Burlington Northern Santa Fe 3.05% P 2001-01-01 2016-01-01 215 -215 -215 CME Group 3% P 2001-01-01 2016-01-01 295 -295 -295 Dr. Pepper Snapple Group 2.6% P 2001-01-01 2016-01-01 828 -828 -828 Freeport McMoran Inc 2.375% P 2001-01-01 2016-01-13 111375 150231 -38856 -38856 General Elec Cap Corp 5.625% P 2016-02-08 2016-01-01 2608 -2608 -2608 Home Depot Inc 2.25% P 2001-01-01 2016-01-01 758 -758 -758 Intel Corp 3.3% P 2001-01-01 2016-01-01 577 -577 -577 Laboratory Corp 2.2% P 2001-01-01 2016-01-01 629 -629 -629 Nike Inc. 2.25% P 2001-01-01 2016-01-01 4 -4 -4 Northern TR Corp 3.45% P 2001-01-01 2016-01-01 1646 -1646 -1646 Smucker J M Co 3.5% P 2001-01-01 2016-01-01 475 -475 -475 Thermo Fisher Scientific 1.85% P 2016-02-08 2016-01-01 192 -192 -192 Transcanada Corp P 2001-01-01 2016-01-01 483 -483 -483 Adirondack Small Cap P 2001-01-01 2016-06-22 284898 243985 40913 40913 MFS New Discovery Value Fund P 2016-06-22 2016-11-30 27831 24597 3234 3234 Ishares Russell Midcap Value P 2016-10-12 2016-12-02 8175 7824 351 351 Ishares Russell Midcap Growth P 2001-01-01 2016-01-01 153082 121605 31477 31477 Ishares U.S. Telecommunications P 2016-01-26 2016-05-09 39122 33900 5222 5222 Vanguard FTSE Emerging Markets P 2001-01-01 2016-12-02 76204 94442 -18238 -18238 Vanguard Index FDS REIT P 2001-01-01 2016-10-17 57876 57548 328 328 California Res Corp P 2001-01-01 2016-01-01 104 98 6 6 Cameron Int'l Corp P 2016-01-26 2016-04-04 64162 53527 10635 10635 Chubb Corp P 2001-01-01 2016-02-29 86314 56609 29705 29705 ConocoPhillips P 2016-01-26 2016-03-04 35632 54870 -19238 -19238 Facebook Inc P 2016-01-21 2016-12-02 2792 2186 606 606 Fortive Corp P 2016-11-23 2016-07-20 25 22 3 3 General Mills P 2001-01-01 2016-01-01 30569 25699 4870 4870 Alphabet Inc P 2001-01-01 2016-12-02 11122 10391 731 731 McCormick & Co Inc P 2001-01-01 2016-01-01 37365 29285 8080 8080 Nike Inc P 2016-01-26 2016-07-19 57736 36302 21434 21434 Novo-Nordisk A S ADR P 2016-01-26 2016-08-31 54004 49422 4582 4582 Oracle Corp P 2001-01-01 2016-01-27 84520 88616 -4096 -4096 Precision Castparts Corp P 2016-01-26 2016-02-01 66270 67515 -1245 -1245 Procter & Gamble Co P 2001-01-01 2016-07-18 41998 37627 4371 4371 Sally Beauty Hldgs Inc P 2001-01-01 2016-01-15 50996 52359 -1363 -1363 Schlumberger LTD P 2001-01-01 2016-05-02 19 17 2 2 SPDR Ser TR S&P Homebuilders P 2016-01-26 2016-03-28 53336 51528 1808 1808 Stericycle P 2016-01-26 2016-08-22 41370 54564 -13194 -13194 Ishares Russell Midcap Value P 2016-10-12 2016-12-02 22939 21953 986 986 Ishares Russell Midcap Growth P 2001-01-01 2016-05-16 372247 181192 191055 191055 Ishares U.S. Telecommunications P 2001-01-01 2016-05-09 74032 55249 18783 18783 Vanguard FTSE Developed Markets P 2016-12-07 2016-01-01 73794 84972 -11178 -11178 Vanguard FTSE Emerging Markets P 2001-01-01 2016-06-30 95955 122566 -26611 -26611 Vanguard Index FDS REIT P 2001-01-01 2016-09-30 132050 71566 60484 60484 Adirondack Small Cap P 2001-01-01 2016-01-01 468802 296706 172096 172096 Franklin International Smaller Companies P 2001-01-01 2016-01-01 321867 297773 24094 24094 Ishares U.S. Preferred Stock ETF P 2016-02-04 2016-06-02 98636 97877 759 759 ETF SPDR Bloomberg Barclays High Yield Bond P 2016-02-04 2016-09-30 54606 62032 -7426 -7426 Allergan 3.375% P 2016-02-08 2016-01-01 1894 -1894 -1894 American Express 2.8% P 2001-01-01 2016-09-19 100000 100690 -690 -690 Amgen Inc 3.45% P 2001-01-01 2016-01-01 970 -970 -970 Astrazeneca 1.95% P 2001-01-01 2016-01-01 709 -709 -709 BB&T Corp 5.25% P 2001-01-01 2016-01-01 2871 -2871 -2871 Becton Dickinson & Co 3.25% P 2016-02-08 2016-01-01 611 -611 -611 Boston PPTYS LTD 3.7% P 2001-01-01 2016-01-01 76 -76 -76 Brown Forman Corp 2.5% P 2001-01-01 2016-01-15 150000 149285 715 715 Disney Walt Co 2.75% P 2001-01-01 2016-01-01 282 -282 -282 Dr. Pepper Snapple Group 2.6% P 2001-01-01 2016-01-01 1479 -1479 -1479 Home Depot Inc 2.25% P 2001-01-01 2016-01-01 592 -592 -592 Intel 3.3% P 2001-01-01 2016-01-01 606 -606 -606 Laboratory Corp 2.2% P 2001-01-01 2016-01-01 629 -629 -629 Nike 2.25% P 2001-01-01 2016-01-01 7 -7 -7 Smucker J M Co 3.5% P 2001-01-01 2016-01-01 793 -793 -793 State Street Corp 2.875% P 2001-01-01 2016-03-07 100000 100323 -323 -323 Thermo Fisher Scientific 1.85% P 2001-01-01 2016-01-01 259 -259 -259 Transcanada Corp 3.8% P 2001-01-01 2016-01-01 1878 -1878 -1878 Amgen Inc. P 2001-01-01 2016-09-30 22229 7211 15018 15018 California Res Corp P 2001-01-01 2016-01-01 180 207 -27 -27 Cameron Int'l Corp P 2001-01-01 2016-04-04 128522 123002 5520 5520 Chubb Corp P 2001-01-01 2016-01-01 191472 88369 103103 103103 ConocoPhillips P 2001-01-01 2016-03-04 48570 68750 -20180 -20180 Delta Air Lines Inc P 2016-10-06 2016-12-02 17515 14209 3306 3306 Facebook Inc P 2001-01-01 2016-12-02 31443 19353 12090 12090 Fortive Corp P 2001-01-01 2016-08-10 29742 14046 15696 15696 General Mills P 2001-01-01 2016-07-18 30039 14914 15125 15125 Alphabet Inc P 2001-01-01 2016-12-02 28600 14595 14005 14005 McCormick & Co Inc P 2016-12-07 2016-01-01 72391 55638 16753 16753 Metlife Inc P 2016-10-04 2016-12-02 23362 20023 3339 3339 Nike Inc P 2001-01-01 2016-07-19 105218 33079 72139 72139 Novo-Nordisk AS ADR P 2001-01-01 2016-08-31 83970 35915 48055 48055 Oracle Corp P 2001-01-01 2016-01-27 137834 121715 16119 16119 Precision Castparts Corp P 2001-01-01 2016-02-01 121730 131802 -10072 -10072 Priceline GRP Inc P 2016-08-03 2016-12-02 21275 18819 2456 2456 Procter & Gamble P 2001-01-01 2016-07-18 56942 42031 14911 14911 Sally Beauty Hldgs Inc P 2001-01-01 2016-01-15 71189 71234 -45 -45 Schlumberger LTD P 2016-04-04 2016-01-01 32918 29686 3232 3232 SPDR Ser TR S&P Homebuilders P 2001-01-01 2016-03-28 81010 75251 5759 5759 State Street Corp P 2001-01-01 2016-01-01 27818 16116 11702 11702 Stericycle Inc P 2001-01-01 2016-08-22 64693 65698 -1005 -1005 Verizon Communications P 2001-01-01 2016-12-02 46470 34222 12248 12248 Visa Inc P 2001-01-01 2016-09-30 51529 29759 21770 21770 Ishares Russell Midcap Growth P 2001-01-01 2016-10-12 33868 33826 42 42 Ishares U.S. Telecommunications P 2001-01-01 2016-05-09 4773 4454 319 319 Adirondack Small Cap P 2001-01-01 2016-06-22 44921 44375 546 546 Ishares Iboxx $ Investment P 2001-01-01 2016-01-01 116390 110461 5929 5929 California Res Corp P 2001-01-01 2016-01-01 22 395 -373 -373 Cameron Int'l Corp P 2001-01-01 2016-04-04 8987 8648 339 339 Fortive Corp P 2001-01-01 2016-01-01 3820 3191 629 629 General Mills P 2001-01-01 2016-01-01 9212 8276 936 936 McCormick & Co Inc P 2001-01-01 2016-01-01 8848 7793 1055 1055 Nike Inc P 2001-01-01 2016-01-01 10895 11543 -648 -648 Novo-Nordisk A S ADR P 2001-01-01 2016-01-01 8682 10762 -2080 -2080 Occidental Pete Corp P 2001-01-01 2016-01-01 314 314 314 Procter & Gamble Co P 2001-01-01 2016-01-01 9018 8381 637 637 Schlumberger LTD P 2001-01-01 2016-01-01 30 27 3 3 Stericycle P 2001-01-01 2016-01-01 9789 13853 -4064 -4064 Berkshire Hills Bancorp P 2001-01-01 2016-01-01 5952913 2663377 3289536 3289536 4140498 false 1995248 22713843 0.08784 1155446 15393921 0.07506 1373983 15559213 0.08831 1218550 15564412 0.07829 1273732 15276693 0.08338 0.412877 0.082575 25839763 2133718 47974 2181692 2265948 X 47974 47974 47974 14320 14320 X 958 34612 false false false false false false false false true true DE MA true false false false false true BERKSHIREBANK.COM LORI GAZZILLO 4132363733 66 WEST STREET PITTSFIELD MA 01201 false false false false false false false false false false false false false false false false false true false false false false false false false false MICHAEL J FERRY 66 WEST STREET PITTSFIELD MA 01201 Chairman 0.00 0 CATHERINE B MILLER 66 WEST STREET PITTSFIELD MA 01201 VICE CHAIRMAN 0.00 0 LORI GAZZILLO 66 WEST STREET PITTSFIELD MA 01201 Secretary 40.00 180000 J WILLIAR DUNLAEVY 66 WEST STREET PITTSFIELD MA 01201 Director 0.00 0 MICHAEL P DALY 66 WEST STREET PITTSFIELD MA 01201 Vice President 0.00 0 JAMES MOSES 66 WEST STREET PITTSFIELD MA 01201 Treasurer 0.00 0 SEAN A GRAY 66 WEST STREET PITTSFIELD MA 01201 Director 0.00 0 D JEFFREY TEMPLETON 66 WEST STREET PITTSFIELD MA 01201 Director 0.00 0 ROBERT M CURLEY 66 WEST STREET PITTSFIELD MA 01201 Director 0.00 0 LINDA A JOHNSTON 66 WEST STREET PITTSFIELD MA 01201 Director 0.00 0 THOMAS R BURTON 66 WEST STREET PITTSFIELD MA 01201 Director 0.00 0 GARY LEVANTE 66 WEST STREET PITTSFIELD MA 01201 AVP COMM ENGAGE 40.00 63658 BERKSHIRE BANK INC PO BOX 1308 PITTSFIELD MA 01202 CUSTODIAL / ADVISOR 345403 24913982 1282087 37193 26233262 0 26233262 393499 25839763 1291988 1291988 47974 47974 1244014 1244014 1244014 2265948 2265948 47974 2217974 1244014 546289 461361 627712 410384 888178 2933924 2265948 0 1244014 1021934 3955858 0 546289 3409569 461361 627712 410384 888178 1021934 LORI GAZZILLO EXECUTIVE DIRECTOR 66 WEST STREET PO BOX 1308 PITTSFIELD MA 01202 4134471722 LGAZZILLO@BERKSHIREBANK.COM WRITTEN APPLICATION INCLUDING IRS DETERMINATION LETTER OF 501(C)(3) STATUS, CURRENT BOARD LIST, BOARD APPROVED OPERATING BUDGET AND MOST RECENT ANNUAL REPORT, FORM 990 AND FINANCIAL AUDIT REPORT. 15TH OF DECEMBER, MARCH, JUNE AND SEPTEMBER. ONLY TAX EXEMPT ORGANIZATION THAT QUALIFY AS A SECTION 501(C)(3) PUBLIC CHARITY. SEE ATTACHED LISTING VARIOUS PITTSFIELD MA 01201 NONE N/A SEE ATTACHED LISTING 1836037 1836037 SEE ATTACHED LISTING VARIOUS PITTSFIELD MA 01201 NONE N/A SEE ATTACHED LISTING 22017 22017 14 772271 14 4140498 4912769 4912769 false false false false false false false false false false Audit 12250 0 0 12250 INVESTMENTS IN MARKETABLE SECURITIES AT COST 24169982 28096378 accrued income 54325 Accrued income 50981 54325 Collection - Popcorn Wagon 37193 37193 COLLECTION - POPCORN WAGON 37193 Filing fees 320 320 Management fees 165403 165403 Marketing 625 625 Membership fees 50 50 Office expense 8972 8972 Special projects expense 18791 18791 Travel 11718 11718 CONTRIBUTION OF NET ASSETS FROM MERGER 3925550 ROUNDING 1 Bookkeeping 16370 0 0 16370 Investment fees 113275 113275 0 0 Other professional fees 15412 0 0 15412 Federal excise tax 47974 Foreign taxes 2057 2057