Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2019
Open to Public Inspection
For calendar year 2019, or tax year beginning 07-01-2017 , and ending 06-30-2018
Name of foundation
Castellano Family Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)1922 The Alameda
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
San Jose, CA95126
A Employer identification number

91-2164439
B Telephone number (see instructions)

(408) 868-1655
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$2,561,137J 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) 44,192
2 Check bullet.............
3 Interest on savings and temporary cash investments 195 95  
4 Dividends and interest from securities... 59,683 59,683  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 113,874
b Gross sales price for all assets on line 6a 815,361
7 Capital gain net income (from Part IV, line 2)... 113,896
8 Net short-term capital gain......... 752
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)....... Click to see attachment 1,320 1,320  
12 Total. Add lines 1 through 11........ 219,264 174,994 752
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages...... 60,652     60,652
15 Pension plans, employee benefits....... 3,694     3,694
16a Legal fees (attach schedule)......... Click to see attachment 10,235     10,235
b Accounting fees (attach schedule)....... Click to see attachment 5,841 2,920   2,921
c Other professional fees (attach schedule).... Click to see attachment 11,700 7,463   4,237
17 Interest............... 4,488      
18 Taxes (attach schedule) (see instructions)... Click to see attachment 5,166     4,811
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 8,252 2,063   6,189
21 Travel, conferences, and meetings....... 7,279     7,279
22 Printing and publications.......... 661     661
23 Other expenses (attach schedule)....... Click to see attachment 15,704 502   15,201
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 133,672 12,948   115,880
25 Contributions, gifts, grants paid....... 156,300 156,300
26 Total expenses and disbursements. Add lines 24 and 25 289,972 12,948   272,180
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -70,708
b Net investment income (if negative, enter -0-) 162,046
c Adjusted net income (if negative, enter -0-)... 752
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2019)
Form 990-PF (2019)
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............. 130,689 184,608 184,608
2 Savings and temporary cash investments.........      
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 50,502    
b Investments—corporate stock (attach schedule)....... 978,760 Click to see attachment723,596 1,805,233
c Investments—corporate bonds (attach schedule)....... 82,113 Click to see attachment578,469 570,282
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 350,000    
14 Land, buildings, and equipment: basis bullet1,014
Less: accumulated depreciation (attach schedule) bullet     1,014 1,014
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 1,592,064 1,487,687 2,561,137
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 1,592,064 1,487,687
29 Total net assets or fund balances (see instructions)..... 1,592,064 1,487,687
30 Total liabilities and net assets/fund balances (see instructions). 1,592,064 1,487,687
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
1,592,064
2
Enter amount from Part I, line 27a .....................
2
-70,708
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
831
4
Add lines 1, 2, and 3 ..........................
4
1,522,187
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
34,500
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
1,487,687
Form 990-PF (2019)
Form 990-PF (2019)
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 1100 Shares Exxon Mobil P 2009-03-02 2018-02-09
b 1000 Shares Home Depot P 2009-03-02 2018-02-09
c 500 Shares Intel P 2009-03-02 2018-02-09
d 10084.065 Shares Lazard GLB LSTD INFR PTF INST P 2017-02-28 2018-02-06
e Harbor Yield P 2011-01-01 2017-12-12
Maingate P 2011-01-01 2017-12-12
(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 82,793 0 64,692 18,101
b 180,936 0 33,150 147,786
c 21,718 0 7,324 14,394
d 150,751 0 149,999 752
e 75,197 0 82,113 -6,916
289,779 0 350,000 -60,221
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 0 0 0 18,101
b 0 0 0 147,786
c 0 0 0 14,394
d 0 0 0 752
e 0 0 0 -6,916
0 0 0 -60,221
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 2 113,896
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 3 752
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?
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))
2018 474,642 2,638,247 0.179908
2017 448,278 2,828,786 0.158470
2016 476,742 3,434,573 0.138807
2015 460,284 3,136,186 0.146766
2014 375,249 2,942,596 0.127523
2
Total of line 1, column (d) .....................
2
0.751474
3
Average distribution ratio for the 5-year base period—divide the total on line 2 by 5.0, or by the number of years the foundation has been in existence if less than 5 years ......
3
0.150295
4
Enter the net value of noncharitable-use assets for 2019 from Part X, line 5......
4
1,335,667
5
Multiply line 4 by line 3......................
5
200,744
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
1,620
7
Add lines 5 and 6........................
7
202,364
8
Enter qualifying distributions from Part XII, line 4,.............
8
272,180
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 (2019)
Form 990-PF (2019)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket includes lines 1a and 1b
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 1,620
hereBulletand 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 0
3 Add lines 1 and 2........................... 3 1,620
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 1,620
6 Credits/Payments:
a 2019 estimated tax payments and 2018 overpayment credited to 2019 6a 170
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.............. Part VI Line 7 - Tax Paid with the Original Return: 170 7 170
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 14
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 1,464
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2020 estimated taxBullet0 RefundedBullet 11  
Part VII-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 Instructions
for definition).................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletCA
    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 2019 or the taxable year beginning in 2019? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletwww.castellano-ff.org
    14
    The books are in care ofbulletCARMELA CASTELLANO-GARCIA Telephone no.bullet (408) 868-1655

    Located atbullet1922 THE ALAMEDA SUITE 210-ASan JoseCA ZIP+4bullet95126
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2019, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part 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
    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?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (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)?...............
    (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.).......
    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
     
     
    ........bullet
    c
    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 2019?.............
    1c
     
    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 2019, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2019?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2019 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 2019.)..................
    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 2019?
    4b
     
    No
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 6
    Part VII-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))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    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
     
     
    .........bullet
    c
    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?..........
    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?.....................
    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?
    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? .................
    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
    CARMEN CASTELLANO VICE PRESIDENT
    1.50     		0 0 0
    1922 THE ALAMEDA SUITE 210-A
    SAN JOSE,CA95126
    CARMELA CASTELLANO-GARCIA PRESIDENT
    1.50     		0 0 0
    1922 THE ALAMEDA SUITE 210-A
    SAN JOSE,CA95126
    ARMANDO CASTELLANO SECRETARY
    1.50     		0 0 0
    1922 THE ALAMEDA SUITE 210-A
    SAN JOSE,CA95126
    MARIA T WEST TREASURER
    1.50     		0 0 0
    1922 THE ALAMEDA SUITE 210-A
    SAN JOSE,CA95126
    ALCARIO CASTELLANO EMERITUS TRUSTEE
    1.50     		0 0 0
    1922 THE ALAMEDA SUITE 210-A
    SAN JOSE,CA95126
    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
    ANGIE BRIONES DIRECTOR OF PROGRAMS
    25.00     		60,652 3,694 0
    1922 THE ALAMEDA SUITE 210-A
    San Jose,CA95126
    Total number of other employees paid over $50,000...................bullet 1
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part 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 N/A 0
    2   0
    3   0
    4   0
    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 (2019)
    Form 990-PF (2019)
    Page 8
    Part X
    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
    1,077,749
    b
    Average of monthly cash balances.......................
    1b
    278,258
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    1,356,007
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    1,356,007
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    20,340
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    1,335,667
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    66,783
    Part XI
    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 X, line 6....................
    1
    66,783
    2a
    Tax on investment income for 2019 from Part VI, line 5......
    2a
    1,620
    b
    Income tax for 2019. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,620
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    65,163
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    65,163
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    65,163
    Part XII
    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
    272,180
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    272,180
    5
    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.................
    5
    1,620
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    270,560
    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 (2019)
    Form 990-PF (2019)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2018     		(c)
    2018     		(d)
    2019
    1 Distributable amount for 2019 from Part XI, line 7 65,163
    2 Undistributed income, if any, as of the end of 2019:
    a Enter amount for 2018 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2019:
    a From 2014...... 131,233
    b From 2015...... 293,963
    c From 2016...... 306,905
    d From 2017...... 308,151
    e From 2018...... 343,409
    fTotal of lines 3a through e........ 1,383,661
    4Qualifying distributions for 2019 from Part
    XII, line 4: bullet$ 272,180
    a Applied to 2018, 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 2019 distributable amount.....  
    e Remaining amount distributed out of corpus 272,180
    5 Excess distributions carryover applied to 2019.    
    (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 1,655,841
    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 2018. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2019. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2020 ..........     		65,163
    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) .......     		 
    8 Excess distributions carryover from 2014 not
    applied on line 5 or line 7 (see instructions) ...     		131,233
    9Excess distributions carryover to 2020.
    Subtract lines 7 and 8 from line 6a ......     		1,524,608
    10 Analysis of line 9:
    a Excess from 2015.... 293,963
    b Excess from 2016.... 306,905
    c Excess from 2017.... 308,151
    d Excess from 2018.... 343,409
    e Excess from 2019.... 272,180
    Form 990-PF (2019)
    Form 990-PF (2019)
    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 2019, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2019 (b) 2018 (c) 2017 (d) 2016
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    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 X, 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 XV
    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).)
    CARMEN CASTELLANO
    CARMELA CASTELLANO-GARCIA
    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.
    NONE
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    CASTELLANO FAMILY FOUNDATION
    1922 THE ALAMEDA SUITE 210-A
    SAN JOSE,CA95126
    (408) 868-1655
    bThe form in which applications should be submitted and information and materials they should include:
    FUNDING CRITERIA, APPLICATION GUIDELINES, INFORMATION, AND MATERIALS CAN BEFOUND AT WWW.CASTELLANO-FF.ORG.
    cAny submission deadlines:
    THE SUBMISSION DEADLINE FOR EACH GRANT CYCLE IS POSTED ON THE WEBSITE AT LEAST 45 DAYS IN ADVANCE.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    WE DO NOT ACCEPT REQUESTS FROM PROJECTS OR ORGANIZATIONS BASED OUTSIDESANTA CLARA COUNTY, UNLESS THE GRANT WILL DIRECTLY BENEFIT LATINOS RESIDING IN SANTA CLARA COUNTY.
    Form 990-PF (2019)
    Form 990-PF (2019)
    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)
    aPaid during the year
    Hispanic Foundation of Silicon Valley (HFSV)
    1922 the Alameda Suite 217
    San Jose,CA95126     		  501(c)3 Sponsorship of Annual Ball 5,000
    Movimiento De Arte Y Cultura Latino Americana (MACLA)
    500 South First Street
    San Jose,CA95113     		  501(c)3 Grupo FolklricoLos Laureles free performance at MHP 600
    California Primary Care Association
    1231 I St Ste 400
    Sacramento,CA95814     		  501(c)3 Sponsorship of Annual Conference 1,000
    Watsonville Film Festival
    PO Box 172
    Watsonville,CA95077     		  501(c)3 Sponsorship 500
    Chicana Latina Foundation
    1419 Burlingame Ave Ste N
    Burlingame,CA94010     		  501(c)3 Sponsorship of 40th Anniversary Gala 1,000
    Silicon Valley Community Foundation
    2440 West El Camino Real Ste 300
    Mountain View,CA94040     		  501(c)3 Sponsorship of Regional Meeting 2,500
    Services & Immigrant Rights & Education Network (SIREN)
    1425 Koll Circle Suite 109
    San Jos,CA95112     		  501(c)3 Sponsorship of 30th Anniversary Gala 1,000
    Latinas Contra Cancer
    255 N Market Street Suite 175
    San Jos,CA95110     		  501(c)3 Sponsorship of 14th Anniversary Event 800
    Shop With A Cop Foundation of Silicon Valley
    P O Box 8003
    San Jos,CA95115     		  501(c)3 General support 200
    San Jos Evergreen Community College District (SJECCD) Foundation
    40 S Market St 5th Floor
    San Jos,CA95113     		  501(c)3 Maria de la Cruz Romo Scholarship 1,000
    Hispanas Organized For Political Equality (HOPE) of California
    634 S Spring St Ste 920
    Los Angeles,CA90014     		  501(c)3 28th Anniversary Awards Dinner 1,500
    Hispanic Foundation of Silicon Valley
    1922 the Alameda Suite 217
    San Jos,CA95126     		  501(c)3 Latino Board Leadership Academy 10,000
    San Jos Grail Family Services
    2003 E San Antonio St
    San Jos,CA95116     		  501(c)3 Yes We CanRead! Plus 5,000
    Grant Elementary School PTA
    470 Jackson Street
    San Jos,CA95112     		  public school Mariachi and Ballet Folklrico programs 4,000
    School of Arts & Culture MHP
    1700 Alum Rock Avenue
    San Jos,CA95116     		  501(c)3 La Ultima Parada 2017 2,500
    School of Arts & Culture MHP
    1700 Alum Rock Avenue
    San Jos,CA95116     		  501(c)3 Calpulli Tonalehqueh Azteca MxicaNew Year Celebration 5,000
    Foothill-De Anza Community Colleges Foundation
    12345 El Monte Rd
    Los Altos Hills,CA94022     		  501(c)3 Latino Empowerment @ De Anza (LEAD) 9,000
    Jos Valds Math Foundation
    PO Box 26484
    San Jos,CA95159     		  501(c)3 Sponsorship of JVMI Annual Dinner 500
    La Raza Lawyers Charitable Foundation
    4848 San Felipe Rd Ste 150 111
    San Jos,CA95135     		  501(c)3 20th Anniversary Scholarship Fund 1,000
    Latino Community Foundation
    235 Montgomery Street Suite 1160
    San Jos,CA94104     		  501(c)3 Gubernatorial Forum 10,000
    Resource Generation
    1216 Broadway 2nd Floor
    New York,NY10001     		  501(c)3 General support 500
    California Alliance for Arts Education
    85 S Grand Ave
    Pasadena,CA91105     		  501(c)3 General support 1,000
    Somos Mayfair Inc
    370B S King Rd
    San Jos,CA95116     		  501(c)3 Sponsorship of Gracias a la VidaAnnual Luncheon 2,500
    Chicana Latina Foundation
    1419 Burlingame Ave Ste N
    Burlingame,CA94010     		  501(c)3 Sponsorship 1,500
    Hispanics in Philanthropy
    414 13th Street Suite 200
    Oakland,CA94612     		  501(c)3 2017 HIP Giver Annual Conference & Gala 3,000
    Latina Coalition of Silicon Valley
    1346 The Alameda Ste 7-293
    San Jos,CA95126     		  501(c)3 General support 5,000
    sjDanceco
    PO Box 59818
    San Jos,CA95159     		  501(c)3 General support 1,500
    Catholic Charities of San Mateo
    36 37th Avenue 2nd Floor
    San Mateo,CA94403     		  501(c)3 Refugee and Immigrant Services 1,000
    Community Health Partnership of Santa Clara County
    1401 Parkmoor Avenue Suite 200
    San Jos,CA95126     		  501(c)3 Sponsorship of 25th Anniversary Celebration 1,000
    School of Arts & Culture MHP
    1700 Alum Rock Avenue
    San Jos,CA95116     		  501(c)3 Ensamble Folclrico Colibr 400
    Sequoia YMCA
    1445 Hudson Street
    Redwood City,CA94061     		  501(c)3 General support 400
    Grantmakers in the Arts
    522 Courtlandt Avenue 1st Floor
    Bronx,NY10451     		  501(c)3 Sponsorship of GIA Conference 5,000
    Selby Lane Elementary School PTA
    1727 W Selby Lane
    Redwood City,CA94061     		  Public School Da del Nino Festival 500
    Teatro Visin de San Jos
    PO Box 28367
    San Jos,CA95159     		  501(c)3 General support 10,000
    People Acting in Community Together (PACT)
    1100 Shasta Ave
    San Jos,CA95126     		  501(c)3 General support 10,000
    Chicana Latina Foundation
    1419 Burlingame Ave Ste N
    Burlingame,CA94010     		  501(c)3 General support 15,000
    Sunday Friends Foundation
    PO Box 24887
    San Jos,CA95154     		  501(c)3 General support 5,000
    ConXin to Community
    749 Story Road Suite 10
    San Jos,CA95122     		  501(c)3 General support 5,000
    Youth Alliance
    310 Fourth Street Ste 101
    Hollister,CA95020     		  501(c)3 General support 5,000
    San Jos Jazz
    4 N 2nd St Ste 576
    San Jos,CA95113     		  501(c)3 General support 2,500
    School of Arts & Culture MHP
    1700 Alum Rock Avenue
    San Jos,CA95116     		  501(c)3 To support ED recruitment process 10,000
    Alum Rock Counseling Center
    777 N 1st Street Suite 444
    San Jos,CA95112     		  501(c)3 General support 5,000
    Friends of Human Relations of Santa Clara County
    14850 E Hills Drive
    San Jos,CA95127     		  501(c)3 Jim McEntee Legacy Scholarships 700
    Moreland Notre Dame School
    133 Brennan St
    Watsonville,CA95076     		  501(c)3 Dolores Marie Ramirez Memorial Scholarship 700
    San Jos Evergreen Community College District (SJECCD) Foundation
    40 S Market St 5th Floor
    San Jos,CA95113     		  501(c)3 Latino Education Association (LEA) Scholarships 2,000
    Total .................................bullet 3a 156,300
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2019)
    Form 990-PF (2019)
    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
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 195  
    4 Dividends and interest from securities....     14 59,683  
    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 ............     		    18 114,691  
    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)..   174,569  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    174,569
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-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 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 (2019)
    Form 990-PF (2019)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2019)
    Additional Data


    Software ID:  
    Software Version:  
    Part VI Line 7 - Tax Paid with the Original Return: 170


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2017 AccountingFeesSchedule
    Name:
    Castellano Family Foundation
    EIN:
    91-2164439
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Cypress Wealth Advisors tax prep 2,500 1,250   1,250
    Elivra/xNetworks consultant 3,341 1,670   1,671

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2017 GainLossSaleOtherAssetsSch
    Name:
    Castellano Family Foundation
    EIN:
    91-2164439
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    Exxon 2009-03 Purchased 2018-02   82,793 64,692     18,101  
    Home Depot 2009-03 Purchased 2018-02   180,936 33,150     147,786  
    Intel 2009-03 Purchased 2018-02   21,718 7,324     14,394  
    Lazard 2017-02 Purchased 2018-02   150,751 149,999     752  
    Harbor   Purchased 2017-12   289,779 350,000     -60,221  
    Maingate   Purchased 2017-12   75,197 82,113     -6,916  
    Southern Co 2018-02 Purchased 2018-03   14,187     14,209 -22  

    TY 2017 InvestmentsCorpBondsSchedule
    Name:
    Castellano Family Foundation
    EIN:
    91-2164439
    Name of Bond End of Year Book Value End of Year Fair Market Value
    Occidental 14,059 13,965
    Medtronic 14,029 13,888
    Phillip Morris 13,575 13,487
    Chubb 13,889 13,756
    AmericanHonda 13,753 13,628
    Intel 13,831 13,710
    John Deere 13,747 13,662
    3M 13,567 13,437
    United Healthcare 13,791 13,643
    Simon Property 13,655 13,503
    General Dynamics 14,072 13,920
    BP Capital 13,919 13,762
    Altria 13,387 13,163
    Metlife 14,117 13,885
    Pfizer 14,175 14,035
    Target 14,235 14,057
    Aflac 14,154 13,866
    UPS 13,612 13,444
    Shell 13,816 13,717
    Apple 13,852 13,684
    Rio Tinto 13,258 13,076
    HD 13,974 13,780
    Coca Cola 13,621 13,405
    Microsft 13,836 13,754
    Entergy 14,025 13,811
    Boeing 13,784 13,679
    COmmonwealth Edison 13,990 13,781
    B of A 14,128 13,834
    Ecolab 14,025 13,863
    VA Elec & Power 13,349 13,109
    Realty Inc 14,016 13,729
    Lowes 13,471 13,231
    Walt Disney 13,519 13,266
    Pepsico 13,452 13,300
    Oracle 13,628 13,387
    Waste Mgmt 13,434 13,146
    Toyota 13,512 13,319
    Avalonbay 13,457 13,192
    J&J 13,441 13,363
    Comcast 13,391 12,939
    Citigroup 13,929 13,403
    Bank of NY 13,994 13,703

    TY 2017 InvestmentsCorpStockSchedule
    Name:
    Castellano Family Foundation
    EIN:
    91-2164439
    Name of Stock End of Year Book Value End of Year Fair Market Value
    Alphabet 12,172 56,460
    alphabet 12,100 55,783
    Apple 26,231 388,731
    Chevron 22,606 75,858
    Costco 35,454 135,837
    Microsoft 50,373 197,220
    Oracle 17,973 44,060
    ishares 49,835 59,121
    SP 500 99,932 114,681
    Vanguard 246,920 497,938
    Harding loevner 150,000 179,544

    TY 2017 LegalFeesSchedule
    Name:
    Castellano Family Foundation
    EIN:
    91-2164439
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Hopkins & Carley Legal/Copyright svs 10,235     10,235


    TY 2017 OtherDecreasesSchedule
    Name:
    Castellano Family Foundation
    EIN:
    91-2164439
    Description Amount
    Decrease in Grant Payable 34,500


    TY 2017 OtherExpensesSchedule
    Name:
    Castellano Family Foundation
    EIN:
    91-2164439
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Bank Fee 85     85
    Insurance 1,962     1,961
    License and Fees 80     80
    Membership Dues 1,750     1,750
    Website Expenses 510     510
    Misc Fees 46     46
    Supplies 499     499
    Telephone 2,775     2,775
    Postage 54     54
    Software/Accesories 4,441     4,441
    Special Events 3,000     3,000
    To clear out cash clearing after transfer of investments-cost basis difference 502 502    


    TY 2017 OtherIncomeSchedule2
    Name:
    Castellano Family Foundation
    EIN:
    91-2164439
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    capital gain (CS) 1,320 1,320  


    TY 2017 OtherIncreasesSchedule
    Name:
    Castellano Family Foundation
    EIN:
    91-2164439
    Description Amount
    carryover adjustment from 2016 831


    TY 2017 OtherProfessionalFeesSchedule
    Name:
    Castellano Family Foundation
    EIN:
    91-2164439
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Paychex payroll processing 1,240     1,240
    Murillo/Legacy Films Temp help 2,997     2,997
    Schwab/MS invest Fees 7,463 7,463    


    TY 2017 TaxesSchedule
    Name:
    Castellano Family Foundation
    EIN:
    91-2164439
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Payroll Taxes 4,811     4,811
    Fed Income Tax 355