TY 2015 Form 990PF

- TIN:

Form990-PF
Click to see attachment

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
bullet

Information about Form 990-PF and its instructions is at www.irs.gov/form990pf.

OMB No. 1545-0052

2015

Open to Public Inspection

For calendar year 2015, or tax year beginning 01-01-2015 , and ending 12-31-2015

Name of foundation
THE CAPITANO FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)265 WILLETTS LANE
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
WEST ISLIP, NY11795

A Employer identification number

11-6480969

B Telephone number (see instructions)

(631) 234-8855

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address changeName change

D 1. Foreign organizations, check here ............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trustOther taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$967,377J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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)


1	Contributions, gifts, grants, etc., received (attach schedule)	323,692
2	Check Sch. B .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	18,823		18,823	18,823
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		4,417
b	Gross sales price for all assets on line 6a 158,988
7	Capital gain net income (from Part IV, line 2)...			4,417
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........	346,932		23,240	18,823
13	Compensation of officers, directors, trustees, etc.
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)....
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		1,114
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		6,966	6,966	6,966
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	8,080		6,966	6,966	0
25	Contributions, gifts, grants paid.......	34,650				34,650
26	Total expenses and disbursements. Add lines 24 and 25	42,730		6,966	6,966	34,650
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	304,202
b	Net investment income (if negative, enter -0-)			16,274
c	Adjusted net income (if negative, enter -0-)...				11,857

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2015)

Form 990-PF (2015)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	30,721	20,859	20,859
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	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).......	528,631	852,525	913,623
	c	Investments—corporate bonds (attach schedule).......	39,266	29,435	32,895
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	598,618	902,819	967,377
	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 )	3	2
	23	Total liabilities (add lines 17 through 22).........	3	2
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted..................
	25	Temporarily restricted...............
	26	Permanently restricted...............
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds........
	28	Paid-in or capital surplus, or land, bldg., and equipment fund
	29	Retained earnings, accumulated income, endowment, or other funds	598,615	902,817
	30	Total net assets or fund balances (see instructions).....	598,615	902,817
	31	Total liabilities and net assets/fund balances (see instructions).	598,618	902,819

Part III

Analysis of Changes in Net Assets or Fund Balances

Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree with end-of-year figure reported on prior year’s return) ...............

598,615

Enter amount from Part I, line 27a .....................

304,202

Other increases not included in line 2 (itemize) bullet

Add lines 1, 2, and 3 ..........................

902,817

Decreases not included in line 2 (itemize) bullet

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .

902,817

Form 990-PF (2015)

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	200 ONEOK INC	P	2014-12-09	2015-06-30
b	150 PRECISION CASTPARTS CORP	P	2015-01-16	2015-08-10
c	700 ROCKWELL MEDICAL INC	P	2015-06-05	2015-12-01
d	1.53 ENBRIDGE ENERGY MNGMT LLC	P	2015-11-13	2015-11-13
e	300 DEVON ENERGY CORP	P	2013-04-23	2015-01-12
	350 FIRSTENERGY CORP	P	2013-05-28	2015-02-11
	200 KINDER MORGAN INC	P	2014-03-10	2015-05-12
	100 LINDSAY CORPORATION	P	2014-03-17	2015-05-12
	200 NORFOLK SOUTHERN CORP	P	2014-12-09	2015-12-16
	200 ONEOK INC	P	2013-07-01	2015-06-30
	200 ENSCO PLC	P	2014-05-12	2015-06-16
	150 AMERICAN WATER WORKS	P	2010-03-04	2015-12-31
	10000 CENTERPOINT ENERGY GLOBAL NOTES	P	2009-04-24	2015-06-01
	150 NOVO NORDISK	P	2008-09-30	2015-06-11
	200 QEP RESOURCES	P	2010-10-14	2015-07-16

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	7,827	9,552	-1,725
b	34,641	33,110	1,531
c	8,212	8,179	33
d	48		48
e	17,710	15,545	2,165
	13,169	14,304	-1,135
	8,508	6,394	2,114
	7,765	8,085	-320
	17,920	21,206	-3,286
	7,827	7,155	672
	4,629	10,233	-5,604
	8,986	3,184	5,802
	10,000	10,000
	8,625	1,537	7,088
	3,121	6,087	-2,966

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			-1,725
b			1,531
c			33
d			48
e			2,165
			-1,135
			2,114
			-320
			-3,286
			672
			-5,604
			5,802

			7,088
			-2,966

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	4,417
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 ...................		3	-113

Part V

Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income

(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.

Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period? Yes No

If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.

1 Enter the appropriate amount in each column for each year; see instructions before making any entries.

(a) Base period years Calendar year (or tax year beginning in)	(b) Adjusted qualifying distributions	(c) Net value of noncharitable-use assets	(d) Distribution ratio (col. (b) divided by col. (c))
2014
2013
2012
2011
2010

Total of line 1, column (d) .....................

Average distribution ratio for the 5-year base period—divide the total on line 2 by 5, or by
the number of years the foundation has been in existence if less than 5 years . . .

Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....

Multiply line 4 by line 3......................

Enter 1% of net investment income (1% of Part I, line 27b)...........

Add lines 5 and 6........................

Enter qualifying distributions from Part XII, line 4.............

If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.

Form 990-PF (2015)

Page 4

Part VI

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	325
	hereand enter 1% of Part I, line 27b...................
c	All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% 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
3	Add lines 1 and 2...........................	3	325
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	325
6	Credits/Payments:

a	2015 estimated tax payments and 2014 overpayment credited to 2015	6a
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	325
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2015 estimated tax	Refunded	11

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions

for definition)?.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

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?................

Yes

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 XV..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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 2015 or the taxable year beginning in 2015 (see instructions for Part XIV)?

If "Yes," complete Part XIV.............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. Click to see attachment

...............................

Yes

Form 990-PF (2015)

Page 5

Part VII-A

Statements Regarding Activities (continued)

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) .............

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).................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

N/A

The books are in care of bullet

SALVATORE CAPITANO Telephone no. bullet

(631) 234-8855

Located at bullet

265 WILLETTS LANEWEST ISLIPNY ZIP+4 bullet

11795

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

16 At any time during calendar year 2015, 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 instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet

Part VII-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

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? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?......................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(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)?...............YesNo

(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.).......YesNo

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)? ........

Organizations relying on a current notice regarding disaster assistance check here........ bullet

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 2015?.............

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)):

At the end of tax year 2015, did the foundation have any undistributed income (lines 6d

and 6e, Part XIII) for tax year(s) beginning before 2015?.............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year?......................YesNo

If "Yes," did it have excess business holdings in 2015 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 2015.)..................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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 2015?

Form 990-PF (2015)

Page 6

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required (Continued)

During the year did the foundation pay or incur any amount to:

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?.............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? (see instructions)................YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?.....YesNo

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)? ......

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?..........YesNo

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract?.....................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....

Form 990-PF (2015)

Page 7

Part VIII

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
SALVATORE CAPITANO	Trustee 0.00	0
265 WILLETTS LANE WEST ISLIP,NY117954616	Trustee 0.00	0
MARIE CAPITANO	TRUSTEE 0.00	0
265 WILLETTS LANE WEST ISLIP,NY117954616	TRUSTEE 0.00	0
SALVATORE CAPITANO JR	TRUSTEE 0.00	0
209 WILLETTS LANE WEST ISLIP,NY117954616	TRUSTEE 0.00	0
GINA CAPITANO	TRUSTEE 0.00	0
209 WILLETTS LANE WEST ISLIP,NY117954616	TRUSTEE 0.00	0
THOMAS BREITFELLER	TRUSTEE 0.00	0
140 PENINSULAR DRIVE BABYLON,NY11702	TRUSTEE 0.00	0
SABRINA BREITFELLER	TRUSTEE 0.00	0
140 PENINSULAR DRIVE BABYLON,NY11702	TRUSTEE 0.00	0

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...................

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............. bullet

Part IX-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 IX-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......................... bullet

Form 990-PF (2015)

Page 8

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

823,040

Average of monthly cash balances.......................

25,791

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

848,831

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

848,831

Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see

instructions) .............................

12,732

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

836,099

Minimum investment return. Enter 5% of line 5..................

41,805

Part XI

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet

and do not complete this part.)

Minimum investment return from Part X, line 6....................

Tax on investment income for 2015 from Part VI, line 5......

Income tax for 2015. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

Distributable amount before adjustments. Subtract line 2c from line 1............

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...

Part XII

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

34,650

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

34,650

Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment

income. Enter 1% of Part I, line 27b (see instructions).................

Adjusted qualifying distributions. Subtract line 5 from line 4..............

34,650

Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
the section 4940(e) reduction of tax in those years.

Form 990-PF (2015)

Page 9

Part XIII

Undistributed Income (see instructions)

		(a) Corpus	(b) Years prior to 2014	(c) 2014	(d) 2015
1 Distributable amount for 2015 from Part XI, line 7
2 Undistributed income, if any, as of the end of 2015:
a Enter amount for 2014 only.......
b Total for prior years:20, 20, 20
3 Excess distributions carryover, if any, to 2015:
a From 2010......
b From 2011......
c From 2012......
d From 2013......
e From 2014......
fTotal of lines 3a through e........
4Qualifying distributions for 2015 from Part
XII, line 4: $
a Applied to 2014, but not more than line 2a
b Applied to undistributed income of prior years (Election required—see instructions).....
c Treated as distributions out of corpus (Election required—see instructions)........
d Applied to 2015 distributable amount.....
e Remaining amount distributed out of corpus
5 Excess distributions carryover applied to 2015.
(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
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........
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......
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........
e Undistributed income for 2014. Subtract line 4a from line 2a. Taxable amount—see instructions .............
f Undistributed income for 2016. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2015 ..........
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) .......
8Excess distributions carryover from 2010 not applied on line 5 or line 7 (see instructions) ...
9Excess distributions carryover to 2016. Subtract lines 7 and 8 from line 6a ......
10 Analysis of line 9:
a Excess from 2011....
b Excess from 2012....
c Excess from 2013....
d Excess from 2014....
e Excess from 2015....

Form 990-PF (2015)

Page 10

Part XIV

Private Operating Foundations (see instructions and Part VII-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 2015, enter the date of the ruling....... bullet

1997-07-03

b Check box to indicate whether the organization is a private operating foundation described in section4942(j)(3) or4942(j)(5)

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) 2015	(b) 2014	(c) 2013	(d) 2012	(e) Total
	11,857	11,061	15,830	13,016	51,764
b 85% of line 2a .........	10,078	9,402	13,456	11,064	44,000
c Qualifying distributions from Part XII, line 4 for each year listed .....	34,650	28,750	25,750	16,750	105,900
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 ....	34,650	28,750	25,750	16,750	105,900
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 X, line 6 for each year listed...	27,870	21,618	18,223	14,548	82,259
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 XV

Supplementary Information (Complete this part only if the organization 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).)

SALVATORE CAPITANO

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

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. (see instructions) to individuals or organizations under
other conditions, complete items 2a, b, c, and d.

aThe name, address, and telephone number or email address of the person to whom applications should be addressed:

bThe form in which applications should be submitted and information and materials they should include:

cAny submission deadlines:

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

Form 990-PF (2015)

Page 11

Part XV

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
GIFT OF LIFE 475 NORTHERN BLVD GREAT NECK,NY11021	NONE	N/A	CHARITABLE CONTRIBUTION	7,000
MARYKNOLL SISTERS PO BOX 317 MARYKNOLL,NY10545	NONE	N/A	CHARITABLE CONTRIBUTION	3,500
ARTHRITIS FOUNDATION 501 WALT WHITMAN ROAD MELVILLE,NY11747	NONE	N/A	CHARITABLE CONTRIBUTION	1,000
SAINT JUDES CHILDRENS HOSPITAL 5014 ST JUDE PLACE MEMPHIS,TN38105	NONE	N/A	CHARITABLE CONTRIBUTION	3,500
DOCTORS WITHOUT BORDERS 333 SEVENTH AVENUE 2ND FLOOR NEW YORK,NY10001	NONE	N/A	CHARITABLE CONTRIBUTION	500
WOUNDED WARRIORS PROJECT 370 7TH AVE - 3RD FL - RM 320 NEW YORK,NY10001	NONE	N/A	CHARITABLE CONTRIBUTION	500
ST MARYS CHURCH PO BOX 332 INDIAN LAKE,NY12842	NONE	N/A	CHARITABLE CONTRIBUTION	1,500
St Josephs of Babylon 39 NORTH CARLL AVE Babylon,NY11702	NONE	N/A	CHARITABLE CONTRIBUTION	1,500
NORTH SHORE LIJ HEALTH SYSTEMS FOUN 125 COMMUNITY DRIVE GREAT NECK,NY11021	NONE	N/A	CHARITABLE CONTRIBUTION	5,000
THE CHILDRENS INN AT NIH 7 WEST DRIVE BETHESDA,MD20814	NONE	N/A	CHARITABLE ORGANIZATION	1,000
GOOD SAMARITAN HOSPITAL MONTAUK HWY WEST ISLIP,NY11795	NONE	N/A	CHARITABLE ORGANIZATION	3,000
SURGEON OF HOPE FOUNDATION 1675 BROADWAY 8TH FLOOR NEW YORK,NY10019	NONE	N/A	CHARITABLE ORGANIZATION	500
CORNELIA CONNELLY CENTER 220 EAST 4TH STREET NEW YORK,NY10009	NONE	N/A	CHARITABLE CONTRIBUTION	2,500
INDIAN LAKE FIRE DEPT PO BOX 773 INDIAN LAKE,NY12842	NONE	N/A	CHARITABLE CONTRIBUTION	250
HELPING HANDS OF WEST ISLIP 723 MCCALL STREET WEST ISLIP,NY11795	NONE	N/A	CHARITABLE CONTRIBUTION	500
FISHER HOUSE FOUNDATION 111 ROCKVILLE PIKE ROCKVILLE,MD20850	NONE	N/A	CHARITABLE CONTRIBUTION	500
SALVATION ARMY PO BOX 269 ALEXANDRIA,VA22314	NONE	N/A	CHARITABLE CONTRIBUTION	500
CATHOLIC CHARITIES PO BOX 17066 BALTIMORE,MD21297	NONE	N/A	CHARITABLE CONTRIBUTION	500
DISABLED AMERICAN VETERANS PO BOX 14301 CINCINNATI,OH45250	NONE	N/A	CHARITABLE CONTRIBUTION	500
HABITAT FOR HUMANITY 121 HABITAT STREER AMERICUS,GA31709	NONE	N/A	CHARITABLE CONTRIBUTION	500
TIMOTHY HILL RANCH 298 MIDDLE ROAD RIVERHEAD,NY11901	NONE	N/A	CHARITABLE CONTRIBUTION	400
Total ................................. 3a				34,650

bApproved for future payment

Total ................................. 3b

Form 990-PF (2015)

Page 12

Part XVI-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	(e) Related or exempt function income (See instructions.)
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....					18,823
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 ............					4,417
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)..					23,240

13Total. Add line 12, columns (b), (d), and (e)..................

1323,240

(See worksheet in line 13 instructions to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XVI-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 (2015)

Page 13

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Yes

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........YesNo

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.
				May the IRS discuss this return with the preparer shown below (see instr.)? Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2015)

Additional Data

Software ID:	15000324
Software Version:	2015v2.0

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2015 InvestmentsCorpBondsSchedule

Name:

THE CAPITANO FOUNDATION

EIN:

11-6480969

Software ID:

15000324

Software Version:

2015v2.0

Name of Bond	End of Year Book Value	End of Year Fair Market Value
10000 CENTERPOINT ENERGY SENIOR NOTES
10000 DTE ENERGY COMPANY NOTES	9,520	10,210
12000 QUESTAR MKT RESOURCES BOND	10,657	11,585
10000 VULCAN MATERIALS NOTES	9,258	11,100

- TIN:

TY 2015 InvestmentsCorpStockSchedule

Name:

THE CAPITANO FOUNDATION

EIN:

11-6480969

Software ID:

15000324

Software Version:

2015v2.0

Name of Stock	End of Year Book Value	End of Year Fair Market Value
800 DELTA NATURAL GAS CO INC	9,097	16,792
600 RGC RESOURCES INC	7,958	12,786
600 NOVO NORDISK AS ADR	6,150	34,848
400 AMERICAN STATES WTR. CO.	6,821	16,780
150 AMERICAN WATER WORKS	3,184	8,963
17 BOSWELL JG CO.	9,392	10,795
580.746 ENBRIDGE ENERGY MGT.	6,287	12,968
200 QEP RESOURCES INC.
625 AQUA AMERICA INC	10,841	18,625
250 ARTESIAN RESOURCES CORP OF DEL CL A	4,265	6,925
150 CUBIC CORPORATION COMMON	6,085	7,088
700 MFC INDUSTRIAL LTD	4,911	1,365
300 S J W CORP	7,048	8,895
500 AMERICAN WATER WORKS	18,960	29,875
200 DIAGEO PLC	23,802	21,813
450 ITC HOLDINGS	10,423	17,663
100 PEPSICO	6,413	9,992
75 BUNGE LTD	6,906	6,978
500 MFC INDUSTRIAL LTD	4,023	975
1500 AURIZON HLDGS LTD	6,196	4,822
100 COMPASS MINERALS INTL	7,258	7,527
200 CONNECTICUT WATER SVC	5,659	7,602
300 DEVON ENERGY
350 FIRSTENERGY CORP
400 MIDDLESEX WATER CO	7,735	10,616
200 MOSAIC COMPANY	8,254	5,518
150 MURPHY USA INC	6,048	9,111
200 ONEOK INC
1100 ORKLA ASA SPONS ADR	8,694	8,619
500 POTASH CORP	15,437	8,560
50 VALMONT IND INC	7,256	5,301
400 ARTESIAN RESOURCES	8,663	11,080
300 CALPINE CORP	6,924	4,341
400 CENTERPOINT ENERGY INC	9,465	7,344
200 ENSCO PLC
200 GENESEE & WYOMING INC	17,187	10,738
150 GILEAD SCIENCES	14,113	15,179
400 HALYARD HEALTH INC	15,168	13,364
200 HEINEKEN HOLDING	12,358	15,286
100 KANSAS CITY SOUTHERN NEW	9,101	7,467
204.354 KINDER MORGAN INC	6,496	3,049
100 LINDSAY CORPORATION
200 NORFOLK SOUTHERN CORP
200 NOVOZYMES	7,931	9,587
200 ONEOK
500 PEMBINA PIPELINE CORP	17,941	10,880
400 PLAINS GP HOLDINGS	10,123	3,780
100 PRECISION CASTPARTS
800 SVENSKA CELLULOSA	20,125	23,031
600 TRANSALTA RENEWABLES	6,260	4,491
600 NORTHERN TRUST 5.85% PFD	14,918	16,078
345 ALTRIA GROUP INC	19,727	20,081
500 AQUA AMERICA INC WTR	14,782	14,900
200 BERKSHIRE HATHAWAY	28,453	26,408
200 BERKSHIRE HATHAWAY	26,134	26,408
405 BOEING	58,559	58,559
250 CHESAPEAKE UTILITIES CORP	13,750	14,188
506 CLOROX COMPANY	64,176	64,176
500 DELTA NATURAL GAS	10,458	10,495
200 GLAXOSMITHKLINE	8,840	8,070
600 HEIDELBERGCEMENT	9,471	9,990
125 KANSAS CITY SOUTHERN	8,794	9,334
300 LACLEDE GROUP	17,359	17,823
400 LINDE AG	5,996	5,770
100 MEDTRONICS	7,607	7,692
800 PHILIP MORRIS INTERNATIONAL	70,328	70,328
400 ROCHE HOLDINGS	14,502	13,788
1000 S&W SEED CO	4,903	4,220
200 UNION PACIFIC CORP	15,504	15,640
75 VALMONT	9,146	7,952
75 YUM BRANDS	5,143	5,479
312.913 TORTOISE ENERGY	11,303	8,705
1000 WELLS FARGO VAR PFD	25,714	26,120

- TIN:

TY 2015 OtherExpensesSchedule

Name:

THE CAPITANO FOUNDATION

EIN:

11-6480969

Software ID:

15000324

Software Version:

2015v2.0

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INVESTMENT ADVISORY FEES	6,966	6,966	6,966

- TIN:

TY 2015 OtherLiabilitiesSchedule

Name:

THE CAPITANO FOUNDATION

EIN:

11-6480969

Software ID:

15000324

Software Version:

2015v2.0

Description	Beginning of Year - Book Value	End of Year - Book Value
ROUNDING		2
Rounding	3

- TIN:

TY 2015 SubstantialContributorsSch

Name:

THE CAPITANO FOUNDATION

EIN:

11-6480969

Software ID:

15000324

Software Version:

2015v2.0

Name	Address
SALVATORE CAPITANO	265 WILLETTS LANE WEST ISLIP,NY11795

- TIN:

TY 2015 TaxesSchedule

Name:

THE CAPITANO FOUNDATION

EIN:

11-6480969

Software ID:

15000324

Software Version:

2015v2.0

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FOREIGN TAX	1,014
NYS Charity FEE	100