TY 2020 Form 990PF

- TIN:

Form990-PF

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

Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0052

2020

Open to Public Inspection

For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020

Name of foundation
ATTILIO & BEVERLY PETROCELLI FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)9 PARK PLACE
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
GREAT NECK, NY110215030

A Employer identification number

20-1690418

B Telephone number (see instructions)

(516) 466-6464

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 change Name 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 trust Other 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

$22,635,823J 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)	2,000,000
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	919,764		919,764
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		84,756
b	Gross sales price for all assets on line 6a 410,734
7	Capital gain net income (from Part IV, line 2)...			84,756
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).......		5,692	5,692	0
12	Total. Add lines 1 through 11........	3,010,212		1,010,212	0
13	Compensation of officers, directors, trustees, etc.	0		0	0	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......		20,488	0	0	20,488
c	Other professional fees (attach schedule)....
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		7,025	0	0	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		869	869	0	0
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	28,382		869	0	20,488
25	Contributions, gifts, grants paid.......	2,139,166				2,139,166
26	Total expenses and disbursements. Add lines 24 and 25	2,167,548		869	0	2,159,654
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	842,664
b	Net investment income (if negative, enter -0-)			1,009,343
c	Adjusted net income (if negative, enter -0-)...				0

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2020)

Form 990-PF (2020)

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.............	47,947	38,317	38,317
	2	Savings and temporary cash investments.........	42,813	66,172	66,172
	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).......	5,035,295	5,078,864	5,078,864
	c	Investments—corporate bonds (attach schedule).......	7,259,142	7,288,470	7,288,470
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	10,938,945	10,164,000	10,164,000
	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)	23,324,142	22,635,823	22,635,823
	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 )
	23	Total liabilities (add lines 17 through 22).........	0	0
		Foundations that follow FASB ASC 958, check here
		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
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	23,324,142	22,635,823
	27	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	28	Retained earnings, accumulated income, endowment, or other funds	0	0
	29	Total net assets or fund balances (see instructions).....	23,324,142	22,635,823
	30	Total liabilities and net assets/fund balances (see instructions).	23,324,142	22,635,823

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 29 (must agree with end-of-year figure reported on prior year’s return) ...............

23,324,142

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

842,664

Other increases not included in line 2 (itemize) bullet

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

24,166,806

Decreases not included in line 2 (itemize) bullet

1,530,983

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

22,635,823

Form 990-PF (2020)

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.)		(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1 a	QWEST CORP	2013-10-15	2020-01-15
b	UBI TND	2008-11-24	2020-09-01
c	TRANSOCEAN INC	2015-09-30	2020-11-15
d	VIATRIS INC	2008-11-20	2020-11-17
e	JEFFERIES GROUP	2011-12-21	2020-11-30

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	55,904	54,450	1,454
b	128,605	76,560	52,045
c	130,000	101,406	28,594
d	13	3	10
e	96,212	93,559	2,653

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			1,454
b			52,045
c			28,594
d			10
e			2,653

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	84,756
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	0

Part V

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

SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE

1 Reserved

(a) Reserved	(b) Reserved	(c) Reserved	(d) Reserved

Reserved...........................

Reserved,..........................

Form 990-PF (2020)

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 and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Reserved................................	1	14,030
c	All other domestic foundations enter 1.39% 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	14,030
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4	0
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	14,030
6	Credits/Payments:

a	2020 estimated tax payments and 2019 overpayment credited to 2020	6a	24,381
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	0
d	Backup withholding erroneously withheld ...........	6d	0

7	Total credits and payments. Add lines 6a through 6d..............		7	24,381
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	10,351
11	Enter the amount of line 10 to be: Credited to 2021 estimated tax10,351	Refunded	11	0

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 the instructions

for the 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

$ 0(2) On foundation managers. bullet

$ 0

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

on foundation managers. bullet

$ 0

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)

DE, NY

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 2020 or the taxable year beginning in 2020? See the 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. ...............................

Form 990-PF (2020)

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

MICHAEL WEINBAUM Telephone no. bullet

(516) 466-6464

Located at bullet

9 PARK PLACE 4TH FLGREAT NECKNY ZIP+4 bullet

11021

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 2020, 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

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 2020?.............

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 2020, did the foundation have any undistributed income (lines 6d

and 6e, Part XIII) for tax year(s) beginning before 2020?.............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 2020 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 2020.)..................

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 2020?

Form 990-PF (2020)

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:

Yes

(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? ....

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

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
ATTILIO PETROCELLI	DIRECTOR 1.00	0	0	0
9 PARK PLACE GREAT NECK,NY110215030	DIRECTOR 1.00	0	0	0
BEVERLY PETROCELLI	DIRECTOR 1.00	0	0	0
9 PARK PLACE GREAT NECK,NY110215030	DIRECTOR 1.00	0	0	0
JILL LAMORETTI	DIRECTOR 1.00	0	0	0
9 PARK PLACE GREAT NECK,NY110215030	DIRECTOR 1.00	0	0	0
MICHAEL LAMORETTI	DIRECTOR 1.00	0	0	0
9 PARK PLACE GREAT NECK,NY110215030	DIRECTOR 1.00	0	0	0
MELISSA WEINBAUM	DIRECTOR 1.00	0	0	0
9 PARK PLACE GREAT NECK,NY110215030	DIRECTOR 1.00	0	0	0
MICHAEL J WEINBAUM	DIRECTOR 1.00	0	0	0
9 PARK PLACE GREAT NECK,NY110215030	DIRECTOR 1.00	0	0	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...................				0

Form 990-PF (2020)

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............. 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	NONE	0
2		0


All other program-related investments. See instructions.
3		0

Total. Add lines 1 through 3......................... bullet

Form 990-PF (2020)

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

19,422,225

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

165,300

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

111,927

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

19,699,452

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

19,699,452

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

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

295,492

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

19,403,960

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

970,198

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.)

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

970,198

Tax on investment income for 2020 from Part VI, line 5......

14,030

Income tax for 2020. (This does not include the tax from Part VI.)...

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

14,030

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

956,168

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

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

956,168

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

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

956,168

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 ..........

2,159,654

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

2,159,654

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

2,159,654

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 (2020)

Page 9

Part XIII

Undistributed Income (see instructions)

		(a) Corpus	(b) Years prior to 2019	(c) 2019	(d) 2020
1 Distributable amount for 2020 from Part XI, line 7					956,168
2 Undistributed income, if any, as of the end of 2020:
a Enter amount for 2019 only.......				0
b Total for prior years:20, 20, 20			0
3 Excess distributions carryover, if any, to 2020:
a From 2015......
b From 2016......
c From 2017......
d From 2018......	967,492
e From 2019......	1,218,929
fTotal of lines 3a through e........		2,186,421
4Qualifying distributions for 2020 from Part
XII, line 4: $ 2,159,654
a Applied to 2019, but not more than line 2a				0
b Applied to undistributed income of prior years (Election required—see instructions).....			0
c Treated as distributions out of corpus (Election required—see instructions)........		0
d Applied to 2020 distributable amount.....					956,168
e Remaining amount distributed out of corpus		1,203,486
5 Excess distributions carryover applied to 2020.		0			0
(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		3,389,907
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 2019. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2020. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2021 ..........					0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		0
8 Excess distributions carryover from 2015 not applied on line 5 or line 7 (see instructions) ...		0
9Excess distributions carryover to 2021. Subtract lines 7 and 8 from line 6a ......		3,389,907
10 Analysis of line 9:
a Excess from 2016....
b Excess from 2017....
c Excess from 2018....	967,492
d Excess from 2019....	1,218,929
e Excess from 2020....	1,203,486

Form 990-PF (2020)

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 2020, enter the date of the ruling....... bullet

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) 2020	(b) 2019	(c) 2018	(d) 2017	(e) Total

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).)

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. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

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 (2020)

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
ALZHEIMER'S DRUG DISCOVERY FOUNDATION 57 WEST 57TH STREET SUITE 904 NEW YORK,NY10019		PC	CHARITABLE	750
ST ALOYSIUS ROMAN CATHOLIC CHURCH 592 MIDDLE NECK RD GREAT NECK NEW YORK,NY11023		PC	CHARITABLE	15,000
MEMORIAL SLOAN KETTERING - CYCLE FOR SURVIVAL 1275 YORK AVENUE NEW YORK,NY10065		PC	CHARITABLE	400
BAND OF PARENTS (ALPER SKATING FOR CHARITY) PO BOX 335 DEWITTVILLE,NY14728		PC	CHARITABLE	200
MOUNT SINAI HEALTH SYSTEMS ONE GUSTAVE L LEVY PLACE NEW YORK,NY10029		PC	CHARITABLE	1,000
TEMPLE BETH-EL OF GREAT NECK 5 OLD MILL RD GREAT NECK,NY11023		PC	CHARITABLE	4,291
WATKINSON SCHOOL 180 BLOOMFIELD AVENUE HARTFORD,CT06105		PC	CHARITABLE	500
JIMMY FUNDDANA FARBER CANCER INSTITUTUE - PAN MASS CHALLENGE 77 FOURTH AVENUE NEEDHAM,MA02494		PC	CHARITABLE	500
GREAT NECK CENTER FOR VISUAL & PERFORMING ARTS 113 MIDDLE NECK RD GREAT NECK,NY11021		PC	CHARITABLE	6,000
ST JUDE CHILDREN RESEARCH HOSPITAL 262 DANNY THOMAS PLACE MEMPHIS,TN38105		PC	CHARITABLE	300
FRIENDS OF THE ISRAEL DEFENSE FORCES 60 EAST 42ND STREET NEW YORK,NY10165		PC	CHARITABLE	2,500
SOLACE HOUSE 1040 JACKSON AVENUE LONG ISLAND,NY11101		PC	CHARITABLE	100
ISLANDERS CHILDREN'S FOUNDATION 15 VERBENA AVENUE FLORAL PARK,NY11001		PC	CHARITABLE	125
MADISON SQUARE BOYS & GIRLS CLUB INC (STUART LEMPERT) PO BOX 1185 NEW YORK,NY10039		PC	CHARITABLE	2,000
ST MARY'S FOUNDATION FOR CHILDREN ( BIG NIGHT IN - VIRTUAL EVENT) 2901 216TH ST BAYSIDE,NY11360		PC	CHARITABLE	5,000
WINDHAM ACADEMY 1 INDUSTRIAL DRIVE PO BOX 60 WINDHAM,NH03087		PC	CHARITABLE	500
NORTHWELL HEALTH FOUNDATION 972 BRUSH HOLLOW ROAD 5TH FL WESTBURY,NY11590		PC	CHARITABLE	1,500,000
NOTRE DAME UNIVERSITY 724 GRACE HALL NOTRE DAME,IN46556		PC	CHARITABLE	100,000
JUPITER MEDICAL CENTER FOUNDATION 1210 SOUTH OLD DIXIE HIGHWAY JUPITER,FL33458		PC	CHARITABLE	500,000
Total ................................. 3a				2,139,166

bApproved for future payment
SOLACE HOUSE 1040 JACKSON AVENUE LONG ISALND,NY11101	PC	CHARITABLE	100
MONTESSORI COMMUNITY SCHOOL 73 STANWOOD ST PROVIDENCE,RI02907	PC	CHARITABLE	500
Total ................................. 3b			600

Form 990-PF (2020)

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....			14	919,764
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	84,756
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aOTHER INCOME			14	5,692
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..		0		1,010,212	0

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

1,010,212

(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 (2020)

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) (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) (other than section 501(c)(3)) or in section 527? ...........Yes No

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 instructions. 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 (2020)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

Schedule B
(Form 990, 990-EZ,
or 990-PF)

Department of the Treasury
Internal Revenue Service

Schedule of Contributors

Attach to Form 990, 990-EZ, or 990-PF.

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2020

Name of the organization

ATTILIO & BEVERLY PETROCELLI FOUNDATION

Employer identification number

20-1690418

Organization type (check one):

Filers of:

Section:

Form 990 or 990-EZ

501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization

Form 990-PF

501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation

Check if your organization is covered by the General Rule or a Special Rule.
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.

General Rule

For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.

Special Rules

For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 33¹/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Arrow Bullet

Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).

For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.

Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2020)

Schedule B (Form 990, 990-EZ, or 990-PF) (2020) Page 2

Name of organization ATTILIO & BEVERLY PETROCELLI FOUNDATION

Part I Contributors	Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
1	UNITED CAPITAL CORP 9 PARK PLACE GREAT NECK, NY11021	$ 2,000,000	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2020)

Schedule B (Form 990, 990-EZ, or 990-PF) (2020)

Page 3

Name of organization ATTILIO & BEVERLY PETROCELLI FOUNDATION		Employer identification number 20-1690418

Part II	Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
Schedule B (Form 990, 990-EZ, or 990-PF) (2020)

Schedule B (Form 990, 990-EZ, or 990-PF) (2020)

Page 4


Name of organization ATTILIO & BEVERLY PETROCELLI FOUNDATION			Employer identification number 20-1690418
Part III Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $ Use duplicate copies of Part III if additional space is needed.

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

Schedule B (Form 990, 990-EZ, or 990-PF) (2020)

Additional Data

Software ID:
Software Version:

- TIN:

TY 2020 AccountingFeesSchedule

Name:

ATTILIO & BEVERLY PETROCELLI FOUNDATION

EIN:

20-1690418

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
TAX PREPARATION FEE	20,488	0	0	20,488

- TIN:

TY 2020 AllOthProgRltdInvestmentsSch

Name:

ATTILIO & BEVERLY PETROCELLI FOUNDATION

EIN:

20-1690418

Category	Amount
NONE	0

- TIN:

TY 2020 InvestmentsCorpBondsSchedule

Name:

ATTILIO & BEVERLY PETROCELLI FOUNDATION

EIN:

20-1690418

Name of Bond	End of Year Book Value	End of Year Fair Market Value
SEARS HOLDINGS CORP 6.625%	10,000	10,000
RITE AID CORP REGS	129,350	129,350
WYNN LAS VEGAS LLC	547,969	547,969
DEUTSCHE BANK AG	529,397	529,397
RITE AID CORP	47,896	47,896
TRANSOCEAN INC	159,168	159,168
L BRANDS INC	103,770	103,770
UNITED STATES CELLULAR CORP	210,195	210,195
GENERAL MOTORS CO	240,816	240,816
FRONTIER COMMUNICATIONS CORP	7,106	7,106
JC PENNEY CORP INC	52	52
GOLDMAN SACHS GROUP INC	252,476	252,476
CENTURYLINK INC	60,750	60,750
XEROX CORP	107,180	107,180
HESS CORP	122,036	122,036
HP INC	261,296	261,296
MACY'S RETAIL HOLDINGS INC VIACOM INC	21,555	21,555
JEFFERIES FINANCIAL GROUP INC	68,023	68,023
MARATHON OIL CORP	136,680	136,680
ACCRUED INTEREST	54,850	54,850
HEWLETT PACKARD ENTERPRISE CO ACCRUED INTEREST	659,040	659,040
SEARS HLDGS COR	1,150	1,150
GENWORTH FINL	101,250	101,250
BANK OF AMERICA 7.25%GEORGIA-PACIFIC	211,353	211,353
BANK OF AMERICA 6.22%	126,272	126,272
CROWN HOLDINGS	110,475	110,475
TELECOM ITALIA CAP	78,813	78,813
BARRICK GOLD FIN	64,095	64,095
MACY'S, INC	57,656	57,656
JEFFERIES GROUP	134,720	134,720
THE WESTERN UNION	63,135	63,135
WESTERN UNION CO	63,532	63,532
HOWMET AEROSPACE	61,375	61,375
US STEEL CORP	41,813	41,813
BANK OF AMERICA C 6.5%	361,575	361,575
BANK OF AMERICA 7.75%	510,516	510,516
SPECTRUM MANAGEMENT 7.3%	74,038	74,038
SPECTRUM MANAGEMENT 6.75%	71,344	71,344
SPECTRUM MANAGEMENT 5.5%	64,346	64,346
NEWMONT GOLDCORP	75,430	75,430
TIME WARNER CAB 5.875%	66,183	66,183
APOLLO INVESTMENT CORP	187,509	187,509
WEYERHAEUSER CO	74,980	74,980
VIACOMCBS INC	351,803	351,803
PRUDENTIAL FINANCIAL INC	225,336	225,336
DELL INC	124,249	124,249
GEORGIA PACIFIC	104,320	104,320
MURPHY OIL CORP STEP	151,597	151,597

- TIN:

TY 2020 InvestmentsCorpStockSchedule

Name:

ATTILIO & BEVERLY PETROCELLI FOUNDATION

EIN:

20-1690418

Name of Stock	End of Year Book Value	End of Year Fair Market Value
APPLE INC	222,919	222,919
NEW YORK COMMUNITY BANCORP INC	105,500	105,500
WILLIAMS CO INC	23,459	23,459
ASTRAZENECA PLC ADS	249,950	249,950
BP PLC ADS	3,980	3,980
CITIGROUP INC	1,973	1,973
BLACKSTONE GROUP INC	315,560	315,560
FORD MOTORS	530,916	530,916
MACY'S INC	826,875	826,875
PARK HOTEL RSRTS	179,218	179,218
AT&T INC	709,797	709,797
GLAXOSMITHKLINE PLC ADR	552,000	552,000
KIMCO REALTY CORP MD	980,078	980,078
MS 9.85% CONTINGENT AUTOCALL AAPL	114,793	114,793
PRUDENTIAL FINANCIAL INC	169,802	169,802
TANGER FACTORY OUTLET CENTERS	32,569	32,569
VALLEY NATL BANCORP	59,475	59,475

- TIN:

TY 2020 InvestmentsOtherSchedule2

Name:

ATTILIO & BEVERLY PETROCELLI FOUNDATION

EIN:

20-1690418

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
GETTY REALTY CORP REIT	FMV	83,061	83,061
APOLLO GLOBAL MGMT LP	FMV	244,900	244,900
SERVICE PPTYS TR	FMV	91,920	91,920
CARLYLE GROUP LP	FMV	157,200	157,200
STEPSTONE CAPITAL PARTNERS II	FMV	47,470	47,470
DOW INC	FMV	211,067	211,067
KIMCO REALTY CORP	FMV	139,233	139,233
SUNSTONE HOTEL INVTS	FMV	165,883	165,883
CPI CAPITAL PARTNERS ASIA PACI	FMV	19,005	19,005
CPI CAPITAL PARTNERS EUROPE	FMV	8,674	8,674
AMER ELECTRIC PWR CO	FMV	416,350	416,350
APPLE INC	FMV	297,226	297,226
BANK OF AMERICA CORP	FMV	287,945	287,945
BANK OF HAWAII CORP	FMV	245,184	245,184
BANK OF MONTREAL	FMV	182,472	182,472
BP PLC	FMV	27,907	27,907
BRIGGS & STRATTON CO	FMV	365	365
BRISTOL-MYERS SQUIBB	FMV	279,135	279,135
CHEVRON CORP	FMV	84,450	84,450
CITIGROUP INC	FMV	1,202,370	1,202,370
DONNELLEY FINL SOLUT0050	FMV	10,606	10,606
HARLEY DAVIDSON INC	FMV	183,500	183,500
HOST HOTELS & RESORT	FMV	74,686	74,686
INGEVITY CORP	FMV	12,647	12,647
INTERNTNL PAPER	FMV	248,600	248,600
J P MORGAN CHASE & CO	FMV	635,350	635,350
MORGAN STANLEY	FMV	342,650	342,650
NEWELL BRANDS INC	FMV	106,150	106,150
NOBLE CORP PLC	FMV	389	389
NORDIC AMERN OFFSHOR	FMV	71,980	71,980
PITNEY BOWES INC	FMV	30,800	30,800
R M R GROUP INC	FMV	5,098	5,098
RR DONNELLEY & SONS	FMV	3,765	3,765
VERITIV CORP	FMV	1,975	1,975
WAL-MART STORES WESTROCK CO	FMV	72,075	72,075
WILLIAMS COMPANIES VIACOMCBS INC	FMV	98,425	98,425
WABTEC	FMV	1,903	1,903
ALTRIAL GROUP INC	FMV	205,000	205,000
BLACKSTONE GROUP INC	FMV	324,050	324,050
CENTERPOINT ENERGY	FMV	108,200	108,200
CORTEVA INC	FMV	147,252	147,252
DUPONT DE NEMOURS INC	FMV	270,431	270,431
GENERAL ELECTRIC CO	FMV	54,000	54,000
GLAXOSMITHKLINE PLC	FMV	184,000	184,000
HERMITAGE OFFSHORE SVC	FMV	4	4
KKR & CO INC	FMV	202,450	202,450
MARRIOTT INTL INC	FMV	527,680	527,680
MARRIOTT VACATIONS	FMV	48,713	48,713
MERCK & CO. INC	FMV	409,000	409,000
PACKAGING CORP OF AM	FMV	689,550	689,550
PFIZER INC	FMV	184,050	184,050
PROCTER & GAMBLE	FMV	69,570	69,570
SEAGATE TECHNOLOGY	FMV	310,800	310,800
TRANSOCEAN INC	FMV	34,708	34,708
UNILEVER PLC	FMV	60,360	60,360
VIACOMCBS INC	FMV	186,300	186,300
VIATRIS INC	FMV	11,619	11,619
WESTROCK CO	FMV	43,847	43,847

- TIN:

TY 2020 OtherDecreasesSchedule

Name:

ATTILIO & BEVERLY PETROCELLI FOUNDATION

EIN:

20-1690418

Description	Amount
UNREALIZED GAIN / LOSS	1,530,983

- TIN:

TY 2020 OtherExpensesSchedule

Name:

ATTILIO & BEVERLY PETROCELLI FOUNDATION

EIN:

20-1690418

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INVESTMENT FEES	604	604	0	0
OTHER EXPENSES	265	265	0	0

- TIN:

TY 2020 OtherIncomeSchedule2

Name:

ATTILIO & BEVERLY PETROCELLI FOUNDATION

EIN:

20-1690418

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
	0	0	0
OTHER INCOME	5,692	5,692	5,692

- TIN:

TY 2020 TaxesSchedule

Name:

ATTILIO & BEVERLY PETROCELLI FOUNDATION

EIN:

20-1690418

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FEDERAL TAXES -SEC 4940	7,000	0	0	0
STATE OF DELAWARE	25	0	0	0