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            <StateAbbreviationCd>MA</StateAbbreviationCd>
            <ZIPCd>01945</ZIPCd>
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      </DistributableAmountGrp>
      <PFQualifyingDistributionsGrp>
        <ExpensesAndContributionsAmt>49337</ExpensesAndContributionsAmt>
        <QualifyingDistributionsAmt>49337</QualifyingDistributionsAmt>
      </PFQualifyingDistributionsGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>50501</DistributableAsAdjustedAmt>
        <UndistributedIncomePYAmt>0</UndistributedIncomePYAmt>
        <ExcessDistributionCyovYr5Amt>9466</ExcessDistributionCyovYr5Amt>
        <ExcessDistributionCyovYr4Amt>577</ExcessDistributionCyovYr4Amt>
        <ExcessDistributionCyovYr3Amt>2437</ExcessDistributionCyovYr3Amt>
        <ExcessDistributionCyovYr2Amt>54187</ExcessDistributionCyovYr2Amt>
        <ExcessDistributionCyovYr1Amt>57564</ExcessDistributionCyovYr1Amt>
        <TotalExcessDistributionCyovAmt>124231</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>49337</QualifyingDistributionsAmt>
        <TreatedAsDistriFromCorpusAmt>0</TreatedAsDistriFromCorpusAmt>
        <RemainingDistriFromCorpusAmt>49337</RemainingDistriFromCorpusAmt>
        <TotalCorpusAmt>173568</TotalCorpusAmt>
        <PriorYearUndistributedIncmAmt>0</PriorYearUndistributedIncmAmt>
        <Taxable1Amt>0</Taxable1Amt>
        <Taxable2Amt>0</Taxable2Amt>
        <UndistributedIncomeCYAmt>50501</UndistributedIncomeCYAmt>
        <ExcessDistriCyovFromYr5Amt>9466</ExcessDistriCyovFromYr5Amt>
        <ExcessDistriCyovToNextYrAmt>164102</ExcessDistriCyovToNextYrAmt>
        <ExcessFromYear4Amt>577</ExcessFromYear4Amt>
        <ExcessFromYear3Amt>2437</ExcessFromYear3Amt>
        <ExcessFromYear2Amt>54187</ExcessFromYear2Amt>
        <ExcessFromYear1Amt>57564</ExcessFromYear1Amt>
        <ExcessFromCurrentYearAmt>49337</ExcessFromCurrentYearAmt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <ApplicationSubmissionInfoGrp>
          <RecipientPersonNm>BARBARA SHAUGHNESSY</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>26 POND STREET</AddressLine1Txt>
            <CityNm>MARBLEHEAD</CityNm>
            <StateAbbreviationCd>MA</StateAbbreviationCd>
            <ZIPCd>01945</ZIPCd>
          </RecipientUSAddress>
          <RecipientPhoneNum>9786188300</RecipientPhoneNum>
          <FormAndInfoAndMaterialsTxt>STATEMENT OF FINANCIAL NEED AND REQUIREMENT</FormAndInfoAndMaterialsTxt>
          <SubmissionDeadlinesTxt>NONE</SubmissionDeadlinesTxt>
          <RestrictionsOnAwardsTxt>RESTRICTED TO RESIDENTS OF SALEM, MA AND VICINITY.</RestrictionsOnAwardsTxt>
        </ApplicationSubmissionInfoGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>SEE ATTACHED</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>4 BROAD STREET</AddressLine1Txt>
            <CityNm>SALEM</CityNm>
            <StateAbbreviationCd>MA</StateAbbreviationCd>
            <ZIPCd>01970</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>I</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL PURPOSES</GrantOrContributionPurposeTxt>
          <Amt>47425</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>47425</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <DividendsAndInterestFromSecDtl>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>24569</ExclusionAmt>
        </DividendsAndInterestFromSecDtl>
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>21156</ExclusionAmt>
          <RelatedOrExemptFunctionIncmAmt>21156</RelatedOrExemptFunctionIncmAmt>
        </GainSalesAstOthThanInvntryGrp>
        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>45725</ExclusionAmt>
          <RelatedOrExemptFunctionIncmAmt>21156</RelatedOrExemptFunctionIncmAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>66881</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <RlnOfActyToAccomOfExmptPrpsGrp>
        <RlnOfActyToAccomOfExmptPrpsGrp>
          <LineNumberTxt>NA</LineNumberTxt>
          <RelationshipStatementTxt>NA</RelationshipStatementTxt>
        </RlnOfActyToAccomOfExmptPrpsGrp>
      </RlnOfActyToAccomOfExmptPrpsGrp>
      <TrnsfrTransRlnNonchrtblEOGrp>
        <TrnsfrOfCashToNonchrtblEOInd>false</TrnsfrOfCashToNonchrtblEOInd>
        <TrnsfrOtherAssetNonchrtblEOInd>false</TrnsfrOtherAssetNonchrtblEOInd>
        <SalesOrExchangesOfAssetsInd>false</SalesOrExchangesOfAssetsInd>
        <PurchaseOfAssetsNonchrtblEOInd>false</PurchaseOfAssetsNonchrtblEOInd>
        <RentalOfFacilitiesOthAssetsInd>false</RentalOfFacilitiesOthAssetsInd>
        <ReimbursementArrangementsInd>false</ReimbursementArrangementsInd>
        <LoansOrLoanGuaranteesInd>false</LoansOrLoanGuaranteesInd>
        <PerformanceOfServicesEtcInd>false</PerformanceOfServicesEtcInd>
        <SharingOfFacilitiesEtcInd>false</SharingOfFacilitiesEtcInd>
        <RelationshipsNonchrtblEOInd>false</RelationshipsNonchrtblEOInd>
      </TrnsfrTransRlnNonchrtblEOGrp>
    </IRS990PF>
    <AccountingFeesSchedule documentId="AccountingFeesSchedule-01">
      <AccountingFeesDetail>
        <CategoryTxt>WALSH CPAs, LLC ACCOUNTING</CategoryTxt>
        <Amt>1900</Amt>
        <NetInvestmentIncomeAmt>1100</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>1100</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>800</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <GainLossSaleOtherAssetsSch documentId="GainLossSaleOtherAssetsSch-01">
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>EASTERN BANK - SEE ATTACHED</AssetDesc>
        <HowAcquiredTxt>Purchased</HowAcquiredTxt>
        <GrossSalesPriceAmt>52237</GrossSalesPriceAmt>
        <BasisAmt>52675</BasisAmt>
        <TotalNetAmt>-438</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>EASTERN BANK - SEE ATTACHED</AssetDesc>
        <HowAcquiredTxt>Purchased</HowAcquiredTxt>
        <GrossSalesPriceAmt>341016</GrossSalesPriceAmt>
        <BasisAmt>319422</BasisAmt>
        <TotalNetAmt>21594</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
    </GainLossSaleOtherAssetsSch>
    <InvestmentsCorpBondsSchedule documentId="InvestmentsCorpBondsSchedul-01">
      <InvestmentsCorporateBondsGrp>
        <BondNm>SEE ATTACHED</BondNm>
        <EOYBookValueAmt>315760</EOYBookValueAmt>
        <EOYFMVAmt>311206</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
    </InvestmentsCorpBondsSchedule>
    <InvestmentsCorpStockSchedule documentId="InvestmentsCorpStockSchedul-01">
      <InvestmentsCorporateStockGrp>
        <StockNm>SEE ATTACHED</StockNm>
        <EOYBookValueAmt>463498</EOYBookValueAmt>
        <EOYFMVAmt>670941</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <OtherDecreasesSchedule documentId="OtherDecreasesSchedule-01">
      <OtherDecreasesDetail>
        <Desc>RETURN OF CAPITAL ADJUSTMENTS</Desc>
        <Amt>0</Amt>
      </OtherDecreasesDetail>
    </OtherDecreasesSchedule>
    <OtherIncreasesSchedule documentId="OtherIncreasesSchedule-01">
      <OtherIncreasesDetail>
        <Desc>RETURN OF CAPITAL ADJUSTMENTS</Desc>
        <Amt>4191</Amt>
      </OtherIncreasesDetail>
    </OtherIncreasesSchedule>
    <OtherProfessionalFeesSchedule documentId="OtherProfessionalFeesSchedu-01">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>EASTERN BANK INVESTMENT MAANGEMENT FEE</CategoryTxt>
        <Amt>10266</Amt>
        <NetInvestmentIncomeAmt>10266</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>10266</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="TaxesSchedule-01">
      <TaxesDetail>
        <CategoryTxt>TAXES</CategoryTxt>
        <Amt>604</Amt>
        <NetInvestmentIncomeAmt>604</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>