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
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
SG SCHIMENTI FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)8805 TAMIAMI TRAIL N NO 368
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NAPLES, FL341082525
A Employer identification number

45-4076946
B Telephone number (see instructions)

(203) 912-5646
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$3,501,309J Accounting method:
Modified Cash
(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) 2,000,000
2 Check bullet.............
3 Interest on savings and temporary cash investments 4,126 4,126  
4 Dividends and interest from securities... 35,088 35,088  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 16,120
b Gross sales price for all assets on line 6a 257,197
7 Capital gain net income (from Part IV, line 2)... 16,120
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 2,055,334 55,334  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 3,216 0   3,216
c Other professional fees (attach schedule).... Click to see attachment 10,155 10,155   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 368 368   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 176 176   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 13,915 10,699   3,216
25 Contributions, gifts, grants paid....... 46,000 46,000
26 Total expenses and disbursements. Add lines 24 and 25 59,915 10,699   49,216
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,995,419
b Net investment income (if negative, enter -0-) 44,635
c Adjusted net income (if negative, enter -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 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.............      
2 Savings and temporary cash investments......... 13,506 94,573 94,573
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)      
b Investments—corporate stock (attach schedule)....... 452,220 Click to see attachment768,518 768,518
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 459,782 Click to see attachment2,638,218 2,638,218
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 925,508 3,501,309 3,501,309
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 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........... 925,508 3,501,309
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    
29 Total net assets or fund balances (see instructions)..... 925,508 3,501,309
30 Total liabilities and net assets/fund balances (see instructions). 925,508 3,501,309
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
925,508
2
Enter amount from Part I, line 27a .....................
2
1,995,419
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
580,382
4
Add lines 1, 2, and 3 ..........................
4
3,501,309
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
3,501,309
Form 990-PF (2020)
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.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES      
b CAPITAL GAINS DIVIDENDS P    
c
d
e
(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 253,439   241,077 12,362
b 3,758     3,758
c
d
e
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       12,362
b       3,758
c
d
e
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 16,120
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  
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
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
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 Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 620
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........................... 3 620
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- ..... 5 620
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 6,666
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 6,666
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.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 6,046
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet6,046 RefundedBullet 11 0
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 the instructions
for the 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$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
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)
    bulletDE
    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 2020 or the taxable year beginning in 2020? 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. Click to see attachment...............................
    10
    Yes
     
    Form 990-PF (2020)
    Form 990-PF (2020)
    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 addressbulletN/A
    14
    The books are in care ofbulletGLENN ANGIOLILLO Telephone no.bullet (203) 912-5646

    Located atbullet8805 TAMIAMI TRAIL N SUITE 368NAPLESFL ZIP+4bullet341082525
    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 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
    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
     
    No
    ........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 2020?.............
    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 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    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 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.)..................
    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 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    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
    GLENN ANGIOLILLO DIRECTOR, PRESIDENT, SECRETARY
    0.25     		0 0 0
    8805 TAMIAMI TRAIL N SUITE 368
    NAPLES,FL341082525
    THOMAS LIGUORI DIRECTOR
    0.25     		0 0 0
    8805 TAMIAMI TRAIL N SUITE 368
    NAPLES,FL341082525
    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...................bullet 0
    Form 990-PF (2020)
    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.............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  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2020)
    Form 990-PF (2020)
    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
    1,968,777
    b
    Average of monthly cash balances.......................
    1b
    830,235
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    2,799,012
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    2,799,012
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    41,985
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    2,757,027
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    137,851
    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
    137,851
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    620
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    620
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    137,231
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    137,231
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    137,231
    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
    49,216
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    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
    49,216
    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
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    49,216
    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)
    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 7 137,231
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 14,803
    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......  
    e From 2019......  
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 49,216
    a Applied to 2019, but not more than line 2a 14,803
    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..... 34,413
    e Remaining amount distributed out of corpus 0
    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 0
    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 ..........     		102,818
    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 ......     		0
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019....  
    e Excess from 2020....  
    Form 990-PF (2020)
    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 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) 2020 (b) 2019 (c) 2018 (d) 2017
             
    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
    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)
    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)
    aPaid during the year
    CHURCH OF OUR LADY OF THE ROSARY
    22 DON BOSCO PLACE
    PORT CHESTER,NY105735046     		N/A PC FOOD PANTRY 46,000
    Total .................................bullet 3a 46,000
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2020)
    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
    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 4,126  
    4 Dividends and interest from securities....     14 35,088  
    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 16,120  
    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).. 0 55,334 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    55,334
    (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 (2020)
    Form 990-PF (2020)
    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 instructions.
    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 (2020)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2020
    Name of the organization
    SG SCHIMENTI FOUNDATION INC
     
    Employer identification number

    45-4076946
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    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
    Special Rules
    ......... 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
    SG SCHIMENTI FOUNDATION INC
          		Employer identification number
    45-4076946
    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
    ART III TERM TRUST UNDER SG SCHIMENTI RESTATEMENT DTD 101212
     
    8805 TAMIAMI TRIAL NORTH SUITE 368
     
    NAPLES, FL341082525

    		$ 2,000,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (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
    SG SCHIMENTI FOUNDATION INC
          		Employer identification number

    45-4076946
    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
    SG SCHIMENTI FOUNDATION INC
          		Employer identification number

    45-4076946
    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 $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use 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 (c) Use 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 (c) Use 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 (c) Use 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:  

    TY 2020 AccountingFeesSchedule
    Name:
    SG SCHIMENTI FOUNDATION INC
    EIN:
    45-4076946
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ANNUAL BOOKKEEPING AND TAX RETURN PREPARATION 3,216 0   3,216

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    SG SCHIMENTI FOUNDATION INC
    EIN:
    45-4076946
    Name of Stock End of Year Book Value End of Year Fair Market Value
    3M CO (MMM) 5.000 SHARES 874 874
    ABB LTD (ABB) 63.000 SHARES 1,761 1,761
    ABBVIEINC (ABBV) 49.000 SHARES 5,250 5,250
    ACCENTURE PLC IRELAND SHARES CL A (ACN) 6.000 SHARES 1,567 1,567
    ACTIVISION BLIZZARD INC (ATVI) 19.000 SHARES 1,764 1,764
    ADOBE SYSTEMS INC (ADBE) 4.000 SHARES 2,000 2,000
    AGILENT TECH INC (A) 3.000 SHARES 355 355
    AGREE REALTY CORP REIT (ADC) 15.000 SHARES 999 999
    AIA GROUP LTD (AAGIY) 32.000 SHARES 1,572 1,572
    AIR LIQUIDE (AIQUY) 40.000 SHARES 1,316 1,316
    AIR PRODUCTS & CHEMICALS INC (APD) 3.000 SHARES 820 820
    ALEXANDRIA REAL ESTATE REIT EQUITIES INC (ARE) 20.000 SHARES 3,564 3,564
    ALLSTATE CORP (ALL) 12.000 SHARES 1,319 1,319
    ALPHABET INC NON VOTING CL C (GOOG) 2.000 SHARES 3,504 3,504
    ALSTOM SA (ALSMY) 188.000 SHARES 1,070 1,070
    AMERICAN ASSETS TR INC (AAT) 24.000 SHARES 693 693
    AMERICAN CAMPUS COMMUNITIES (ACC) 18.000 SHARES 770 770
    AMERICAN ELECTRIC POWER INC (AEP) 19.000 SHARES 1,582 1,582
    AMERICAN HOMES 4 RENT CLASS A (AMH) 135.000 SHARES 4,050 4,050
    AMERICAN TOWER CORP REIT (AMT) 14.000 SHARES 3,142 3,142
    AMGEN INC (AMGN) 9.000 SHARES 2,069 2,069
    ANSYS INC (ANSS) 6.000 SHARES 2,183 2,183
    ANTHEM INC (ANTM) 4.000 SHARES 1,284 1,284
    AON PLC CLASS A (AON) 13.000 SHARES 2,747 2,747
    APARTMENT INCOME REIT CORP (AIRC) 46.000 SHARES 1,767 1,767
    APARTMENT INVT & MGMT CO CL A NEW (ALV) 46.000 SHARES 243 243
    APPLE HOSPITALITY REIT INC (APLE) 54.000 SHARES 697 697
    APPLE INC (AAPL) 40.000 SHARES 5,308 5,308
    ARCH CAP GROUP LTD (ACGL) 45.000 SHARES 1,623 1,623
    AT & T INC (T) 161.000 SHARES 4,630 4,630
    AUTODESK INC (ADSK) 11.000 SHARES 3,359 3,359
    AVALONBAY COMMUNITIES REIT INC (AVB) 30.000 SHARES 4,813 4,813
    BANCO SANTANDER CENT HISPANO (SAN) 322.000 SHARES 982 982
    BCE INC (BCE) 67.000 SHARES 2,868 2,868
    BEIERSDORFAG (BDRFY) 57.000 SHARES 1,337 1,337
    BHP BILLITON LTD (BHP) 18.000 SHARES 1,176 1,176
    BLACK KNIGHT INC (BKI) 32.000 SHARES 2,827 2,827
    BLACKROCK INC (BLK) 3.000 SHARES 2,165 2,165
    BNP PARIBAS (BNPQY) 41.000 SHARES 1,091 1,091
    BOSTON PROPERTIES INC REIT (BXP) 9.000 SHARES 851 851
    BRANDYWINE REALTY TRUST REIT (BDN) 44.000 SHARES 524 524
    BRIGHT HORIZONS FAMILY SOLUTIONS INC DEL (BFAM) 3.000 SHARES 519 519
    BRISTOL MYERS SQUIBS CO (BMY) 43.000 SHARES 2,667 2,667
    BRITISH AMERN TOB PLC (BTI) 79.000 SHARES 2,962 2,962
    BROADSTONE NET LEASE INC CL A (BNL) 8.000 SHARES 157 157
    BROOKFIELD ASSET MANGMNT CLASS A (BAM) 114.000 SHARES 4,705 4,705
    BROOKFIELD INFRASTRUCTURE CORP COM SUB VTG SHS CL A (BIPC) 21.000 SHARES 1,518 1,518
    BROOKFIELD PPTY REIT INC CLA (BPYU) 14.000 SHARES 209 209
    BROOKFIELD RENEWABLE CORP CL A SUB VTG (BEPC) 3.000 SHARES 175 175
    BROWN AND BROWN INC COM (BRO) 32.000 SHARES 1,517 1,517
    BROWN-FORMAN CORP CL B (BF/B) 8.000 SHARES 635 635
    CAMDEN PROPERTY TRUST REIT SBI (CPT) 15.000 SHARES 1,499 1,499
    CANADIAN NATL RY CO (CNI) 9.000 SHARES 989 989
    CANNAE HOLDINGS INC (CNNE) 6.000 SHARES 266 266
    CARLSBERG AS-B (CABGY) 37.000 SHARES 1,189 1,189
    CARMAX INC (KMX) 33.000 SHARES 3,117 3,117
    CBRE GROUP INC CLASS A (CBRE) 35.000 SHARES 2,195 2,195
    CDN IMPERIAL BK COMMRC (CM) 43.000 SHARES 3,675 3,675
    CDW CORPORATION OF DELAWARE (CDW) 11.000 SHARES 1,450 1,450
    CHEVRON CORPORATION (CVX) 44.000 SHARES 3,716 3,716
    CHOICE HOTELS INTL INC (CHH) 5.000 SHARES 534 534
    CISCO SYSTEMS INC (CSCO) 59.000 SHARES 2,640 2,640
    CITIZENS FINANCIAL GRP INC (CFG) 52.000 SHARES 1,860 1,860
    COCA-COLA COMPANY (KO) 17.000 SHARES 932 932
    COGNEX CORP (CGNX) 3.000 SHARES 241 241
    COGNIZANT TECHNOLOGY SOLUTIONS CORP CL A (CTSH) 21.000 SHARES 1,721 1,721
    COLFAX CORP (CFX) 10.000 SHARES 382 382
    CONOCOPHILLIPS (COP) 23.000 SHARES 920 920
    CONTINENTAL AG (CTTAY) 48.000 SHARES 718 718
    COPART INC (CPRT) 27.000 SHARES 3,436 3,436
    CORESITE REALTY CORP (COR) 11.000 SHARES 1,378 1,378
    COSTAR GROUP INC (CSGP) 3.000 SHARES 2,773 2,773
    COSTCO WHSL CORP NEW COM (COST) 5.000 SHARES 1,884 1,884
    COUSINS PPTYS INC NEW (CUZ) 61.000 SHARES 2,044 2,044
    CREDIT ACCEPTANCE CORP MICHIGAN (CACC) 4.000 SHARES 1,385 1,385
    CROWN CASTLE INTERNATIONAL CORP (CCI) 7.000 SHARES 1,114 1,114
    CUBESMART (CUBE) 47.000 SHARES 1,580 1,580
    CUMMINS INC (CMI) 8.000 SHARES 1,817 1,817
    CVS HEALTH CORPORATION (CVS) 22.000 SHARES 1,503 1,503
    CYRUSONE INC (CONE) 17.000 SHARES 1,244 1,244
    DAIWA HOUSE IND LTD COMM (DWAHY) 33.000 SHARES 985 985
    DBS GROUP HOLDINGS (DBSDY) 12.000 SHARES 913 913
    DIAMONDROCK HOSPITALITY COMPANY (DRH) 61.000 SHARES 503 503
    DIGITAL REALTY TRUST INC (DLR) 8.000 SHARES 1,116 1,116
    DISCOVERY INC A (DISCA) 52.000 SHARES 1,565 1,565
    DISNEY WALT COMPANY (DIS) 830.000 SHARES 150,379 150,379
    DOLLAR GENERAL CORP (DG) 11.000 SHARES 2,313 2,313
    DOMINION ENERGY INC (D) 22.000 SHARES 1,654 1,654
    DOMINO'S PIZZA INC (DPZ) 4.000 SHARES 1,534 1,534
    DUKE REALTY CORP (DUK) 27.000 SHARES 2,472 2,472
    EATON CORP PLC (ETN) 8.000 SHARES 961 961
    EMCOR GROUP INC (EME) 18.000 SHARES 1,646 1,646
    ENBRIDGE INC (ENB) 63.000 SHARES 2,015 2,015
    ENEL SOCIETA PER AZIONI (ENLAY) 179.000 SHARES 1,817 1,817
    ENGIE (ENGIY) 145.000 SHARES 2,218 2,218
    EQUINIX INC (EQIX) 13.000 SHARES 9,284 9,284
    EQUINOR ASA (EQNR) 42.000 SHARES 690 690
    EQUITY LIFESTYLE PROP REIT (ELS) 29.000 SHARES 1,837 1,837
    EQUITY RESIDENTIAL (EQR) 14.000 SHARES 830 830
    ESSEX PROPERTY TRUST INC REIT (ESS) 18.000 SHARES 4,274 4,274
    EVERCORE INC CLASS A (EVR) 16.000 SHARES 1,754 1,754
    EXTRA SPACE STORAGE INC (EXR) 21.000 SHARES 2,433 2,433
    EXXON MOBIL CORP (XOM) 60.000 SHARES 2,473 2,473
    FASTENAL CO (FAST) 30.000 SHARES 1,465 1,465
    FERGUSON PLC (FERGY) 95.000 SHARES 1,150 1,150
    FIRST INDL RLTY TR INC REIT (FR) 25.000 SHARES 1,053 1,053
    FIRST REPUBLIC BANK SAN FRANCISCO CALIF (FRC) 6.000 SHARES 882 882
    FLUGHAFEN ZUERICH AG (FLGZY) 51.000 SHARES 367 367
    FNF GROUP (FNF) 38.000 SHARES 1,485 1,485
    FORTINE TINC (FTNT) 11.000 SHARES 1,634 1,634
    FUJITSU LTD (FJTSY) 28.000 SHARES 811 811
    GARTNER INC NEW (IT) 12.000 SHARES 1,922 1,922
    GENERAL MILLS INC (GIS) 25.000 SHARES 1,470 1,470
    GILEAD SCIENCES INC (GILD) 51.000 SHARES 2,971 2,971
    GOLDMAN SACHS GROUP INC (GS) 8.000 SHARES 2,110 2,110
    GUIDEWIRE SOFTWARE INC (GWRE) 14.000 SHARES 1,802 1,802
    HEALTHCARE REALTY TR INC REIT (HR) 36.000 SHARES 1,066 1,066
    HEALTHCARE TR AMER INC CLASS A NEW (HTA) 116.000 SHARES 3,195 3,195
    HEICO CORP NEW CL A (HEI/A) 12.000 SHARES 1,405 1,405
    HEXAGON AB (HXGBY) 13.000 SHARES 1,178 1,178
    HILTON WORLDWIDE HOLDINGS INC NEW (HLT) 26.000 SHARES 2,893 2,893
    HITACHI LTD (HTHIY) 18.000 SHARES 1,429 1,429
    HOLOGIC INC (HOLX) 26.000 SHARES 1,894 1,894
    HOME DEPOT INC (HD) 6.000 SHARES 1,594 1,594
    HOWARD HUGHES CORP (HHC) 11.000 SHARES 868 868
    HUNTINGTON BANCSHRES INC (HBAN) 152.000 SHARES 1,920 1,920
    HYATT HOTELS CORP CLASS A (H) 10.000 SHARES 743 743
    IDEXX LABORATORIES INC (IDXX) 3.000 SHARES 1,500 1,500
    IHS MARKIT LTD (INFO) 18.000 SHARES 1,617 1,617
    INDUSTRIA DE DISENO TEXTILE INDITEX SA (IDEXY) 25.000 SHARES 401 401
    INFORMA PLC (IFJPY) 47.000 SHARES 703 703
    INTERNATIONAL BUSINESS MACHINE CORP (IBM) 12.000 SHARES 1,511 1,511
    INTERTEK GROUP PLC-UNSP (IKTSY) 8.000 SHARES 640 640
    INTUIT INC (INTU) 5.000 SHARES 1,899 1,899
    INVITATION HOMES INC (INVH) 181.000 SHARES 5,376 5,376
    J B HUNT TRANSPORT SERVICE INC (JBHT) 12.000 SHARES 1,640 1,640
    JOHNSONS & JOHNSON (JNJ) 9.000 SHARES 1,416 1,416
    JPMORGAN CHASE & CO (JPM) 25.000 SHARES 3,177 3,177
    KAO CORP (KAOOY) 58.000 SHARES 896 896
    KENNEDY-WILSON HOLDINGS INC (KW) 30.000 SHARES 537 537
    KILROY RLTY CORP REIT (KRC) 19.000 SHARES 1,091 1,091
    KIMBERLY-CLARK CORP (KMB) 6.000 SHARES 809 809
    KKR & CO INC (KKR) 79.000 SHARES 3,199 3,199
    KNORR-BREMSE AG (KNRRY) 33.000 SHARES 1,114 1,114
    KONINKLIJKE DSM NV (RDSMY) 32.000 SHARES 1,383 1,383
    LEAR CORP (LEA) 9.000 SHARES 1,431 1,431
    LEIDOS HOLDINGS INC (LDOS) 15.000 SHARES 1,577 1,577
    LENNAR CORPORATION CLASS A (LEN) 20.000 SHARES 1,525 1,525
    LIBERTY BROADBAND CORP COM SER A (LBRDA) 4.000 SHARES 630 630
    LIBERTY BROADBAND CORP COM SER C (LBRDK) 16.000 SHARES 2,534 2,534
    LIBERTY MEDIA CORP LIBERTY MEDIA CL C (FWONK) 23.000 SHARES 980 980
    LIBERTY MEDIA CORP LIBERTY SER A (FWONA) 2.000 SHARES 76 76
    LIBERTY MEDIA CORP SER A SIRIUSXM GRP (LSXMA) 6.000 SHARES 259 259
    LIBERTY MEDIA CORP SER C SIRIUSXM GRP (LSXMK) 17.000 SHARES 740 740
    LIVE NATION ENTERTAINMENT INC (LYV) 22.000 SHARES 1,617 1,617
    LOCKHEED MARTIN CORP (LMT) 4.000 SHARES 1,420 1,420
    LONDON STOCK ADR EXCHANGE GRP (LNSTY) 29.000 SHARES 907 907
    LONZA GROUP AG (LZAGY) 16.000 SHARES 1,025 1,025
    M & T BANK CORP (MTB) 3.000 SHARES 382 382
    MAKITA CORPORATION (MKTAY) 26.000 SHARES 1,309 1,309
    MARKEL CORP (MKL) 2.000 SHARES 2,067 2,067
    MARRIOTT INTL INC NEW CL A (MAR) 1,250.000 SHARES 164,900 164,900
    MARTIN MARIETTA MATERIALS INC (MLM) 5.000 SHARES 1,420 1,420
    MASCO CORP (MAS) 31.000 SHARES 1,703 1,703
    MASTERCARD INC CL A (MA) 5.000 SHARES 1,785 1,785
    MEDTRONIC PLC (MDT) 16.000 SHARES 1,874 1,874
    MERCK & CO INC NEW (MRK) 32.000 SHARES 2,618 2,618
    MERCK KGAA (MKKGY) 32.000 SHARES 1,100 1,100
    METTLER-TOLEDO INTL IN (MTD) 2.000 SHARES 2,279 2,279
    MICROCHIP TECHNOLOGY INC (MCHP) 15.000 SHARES 2,072 2,072
    MICROSOFT CORP (MSFT) 20.000 SHARES 4,448 4,448
    MOODY'S CORP (MCO) 4.000 SHARES 1,161 1,161
    MOTOROLA SOLUTIONS INC COM NEW (MSI) 6.000 SHARES 1,020 1,020
    MSCI INC (MSCI) 3.000 SHARES 1,340 1,340
    NATIONAL GRID PLC ADR (NGG) 39.000 SHARES 2,302 2,302
    NEWMONT CORP (NEM) 24.000 SHARES 1,437 1,437
    NEXON CO LTD (NEXOY) 36.000 SHARES 1,116 1,116
    NINTENDO LTD ADR (NTDOY) 24.000 SHARES 1,932 1,932
    NORDEA BANK ABP (NRDBY) 116.000 SHARES 947 947
    NOVARTIS AG (NVS) 21.000 SHARES 1,983 1,983
    O'REILLY AUTOMOTIVE INC (ORLY) 10.000 SHARES 4,526 4,526
    PARK HOTELS & RESORTS INC (PK) 46.000 SHARES 789 789
    PEPSICO INCORPORATED (PEP) 16.000 SHARES 2,373 2,373
    PERNOD-RICARD SA-UNSPON ADR (PDRDY) 28.000 SHARES 1,074 1,074
    PFIZER INCORPORATED (PFE) 88.000 SHARES 3,239 3,239
    PHILIP MORRIS INTERNATIONAL INC (PM) 47.000 SHARES 3,891 3,891
    PNC FINANCIAL SERVICES GROUP (PNC) 12.000 SHARES 1,788 1,788
    PPL CORPORATION (PPL) 50.000 SHARES 1,410 1,410
    PROGRESSIVE CORP OHIO (PGR) 8.000 SHARES 791 791
    PROLOGIS INC (PLD) 88.000 SHARES 8,770 8,770
    PRUDENTIAL PLC (PUK) 31.000 SHARES 1,145 1,145
    PS BUSINESS PKS INC CALIF (PSB) 13.000 SHARES 1,727 1,727
    PUBLIC STORAGE INC REIT (PSA) 4.000 SHARES 924 924
    PUBLIC SVC ENTERPRISE GROUP INC (PEG) 15.000 SHARES 875 875
    PULTE GROUP INC (PHM) 34.000 SHARES 1,466 1,466
    QORVO INC (QRVO) 12.000 SHARES 1,995 1,995
    REALPAGE INC (RP) 18.000 SHARES 1,570 1,570
    REGENCY CENTERS CORP (REG) 31.000 SHARES 1,413 1,413
    REGENERON PHARMACEUTICAL INC (REGN) 3.000 SHARES 1,449 1,449
    REGIONS FINANCIAL CORP NEW (RF) 100.000 SHARES 1,612 1,612
    RELIANCE STEEL & ALUMINUM CO (RS) 14.000 SHARES 1,677 1,677
    RELX PLC (RELX) 91.000 SHARES 2,244 2,244
    RESTAURANT BRANDS INTL INC (QSR) 31.000 SHARES 1,894 1,894
    REXFORD IND REALTY INC (REXR) 27.000 SHARES 1,326 1,326
    ROPER TECHNOLOGIES INC (ROP) 5.000 SHARES 2,155 2,155
    ROSS STORES INC CALIF (ROST) 7.000 SHARES 860 860
    RYANAIR HLDGS PLC (RYAAY) 12.000 SHARES 1,320 1,320
    RYOHIN KEIKAKU CO (RYKKY) 46.000 SHARES 941 941
    S&P GLOBAL INC (SPGI) 2.000 SHARES 657 657
    SABRA HEALTH CARE REIT INC (SBRA) 72.000 SHARES 1,251 1,251
    SAFRAN SA (SAFRY) 58.000 SHARES 2,057 2,057
    SAMPO OYJ-A SHS (SAXPY) 58.000 SHARES 1,249 1,249
    SANDVIK (SDVKY) 48.000 SHARES 1,180 1,180
    SANOFI (SNY) 42.000 SHARES 2,041 2,041
    SAUL CENTERS INC REIT (BFS) 6.000 SHARES 190 190
    SBA COMMUNICATIONS CORP NEW CL A (SBAC) 11.000 SHARES 3,103 3,103
    SHIMANO INC (SMNNY) 52.000 SHARES 1,224 1,224
    SHIN-ETSU CHEMICAL (SHECY) 36.000 SHARES 1,583 1,583
    SIEMENS GAMESA RENEWABLE ENERGY (GCTAY) 95.000 SHARES 766 766
    SIMON PROPERTY GROUP REIT INC NEW (SPG) 13.000 SHARES 1,109 1,109
    SLACK TECHNOLOGIES INC CL A (WORK) 19.000 SHARES 803 803
    SOUTHERN COMPANY (SO) 48.000 SHARES 2,949 2,949
    SQUARE INC-A (SQ) 3.000 SHARES 653 653
    STORE CAPITAL CORP (STOR) 80.000 SHARES 2,718 2,718
    SUMITOMO MITSUI FINL GRP INC (SMFG) 180.000 SHARES 1,111 1,111
    SUMMIT MATERIALS INC CL A (SUM) 24.000 SHARES 482 482
    SUN COMMUNITIES INC REIT (SUI) 23.000 SHARES 3,495 3,495
    SUNCOR ENERGY INC NEW (SU) 41.000 SHARES 688 688
    SUZUKI MOTOR CORP (SZKMY) 4.000 SHARES 747 747
    TARGET CORP (TGT) 10.000 SHARES 1,765 1,765
    TC ENERGY CORP (TRP) 34.000 SHARES 1,384 1,384
    TELENOR ASA-ADS (TELNY) 60.000 SHARES 1,020 1,020
    TERRENO REALTY CORP (TRNO) 35.000 SHARES 2,048 2,048
    TESCO PLC (TSCDY) 159.000 SHARES 1,538 1,538
    TRANSDIGM GROUP INC (TDG) 8.000 SHARES 4,951 4,951
    TRANSUNION (TRU) 17.000 SHARES 1,687 1,687
    TYLER TECHNOLOGIES INC (TYL) 2.000 SHARES 873 873
    UNILEVER PLC (UL) 64.000 SHARES 3,863 3,863
    UNITED THERAPEUTICS CORP (UTHR) 12.000 SHARES 1,821 1,821
    VAIL RESORTS INC (MTN) 7.000 SHARES 1,953 1,953
    VERISIGN INC (VRSN) 10.000 SHARES 2,164 2,164
    VERISK ANALYTICS INC (VRSK) 8.000 SHARES 1,661 1,661
    VERIZON COMMUNICATIONS COM (VZ) 60.000 SHARES 3,525 3,525
    VESTAS WIND SYSTEMS (VWDRY) 20.000 SHARES 1,565 1,565
    VICI PPTYS INC (VICI) 67.000 SHARES 1,708 1,708
    VINCI S.A. (VCISY) 31.000 SHARES 772 772
    VIVENDI SA (VIVHY) 50.000 SHARES 1,605 1,605
    VMWARE INC CLASS A (VMW) 8.000 SHARES 1,122 1,122
    VODAFONE GROUP PLC NEW (VOD) 165.000 SHARES 2,719 2,719
    VOLKSWAGEN AG REPSTG PREP SHS (VWAPY) 98.000 SHARES 1,824 1,824
    VORNADO REALTY TR REIT (VNO) 6.000 SHARES 224 224
    VULCAN MATERIALS COMPANY (VMC) 18.000 SHARES 2,669 2,669
    WALMART INC (WMT) 11.000 SHARES 1,585 1,585
    WELLTOWER INC (WELL) 82.000 SHARES 5,298 5,298
    WEYERHAEUSER CO (WY) 19.000 SHARES 637 637
    WHIRLPOOL CORP (WHR) 9.000 SHARES 1,624 1,624
    WIX.COM LTD (WIX) 10.000 SHARES 2,499 2,499
    WOLTERS KLUWER N V (WTKWY) 12.000 SHARES 1,007 1,007
    Z HOLDINGS CORP (YAHOY) 50.000 SHARES 606 606
    ZEBRA TECHNOLOGIES CORP CL A (ZBRA) 5.000 SHARES 1,921 1,921

    TY 2020 InvestmentsOtherSchedule2
    Name:
    SG SCHIMENTI FOUNDATION INC
    EIN:
    45-4076946
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    AB CAP FUND INC SELECT US LONG/SHORT PORTFOLIO ADV (ASYLX) 4,955.675 SHARES FMV 68,587 68,587
    ALPHASIMPLEX GLOBAL ALTERNATIVES FUND CL Y (GAFYX) 2,114.853 SHARES FMV 22,925 22,925
    ALPHASIMPLEX MANAGED FUTURES STRATEGY FD CL Y (ASFYX) 1,576.826 SHARES FMV 16,210 16,210
    AQR FDS MANAGED FUTURES STRATEGY FD CL L (AQMIX) 2,633.086 SHARES FMV 20,670 20,670
    ARBITRAGE FD CL L (ARBNX) 2,320.860 SHARES FMV 34,236 34,236
    INVESCO QQQ TR UNIT SER 1 (QQQ) 3,446.171 SHARES FMV 1,081,202 1,081,202
    ISHARES S&P500 VALUE ETF (IVE) 800.000 SHARES FMV 102,416 102,416
    MFS SER TR X EMERGING MKTS DEBT FD CLASS I (MEDIX) 2,876.304 SHARES FMV 44,209 44,209
    PGIM TOTAL RETURN BOND CL Z (PDBZX) 4,853.699 SHARES FMV 73,242 73,242
    PIMCO FDS PAC INVT MGMT SER TOTAL RETURN INSTL CL (PTTRX) 6,809.471 SHARES FMV 72,180 72,180
    PRINCIPAL FDS INC GLOBAL MULTI STRATEGY FD INSTL CL (PSMIX) 2,902.000 SHARES FMV 32,938 32,938
    SPDR S&P 500 TRUST (SPY) 2,650.000 SHARES FMV 990,781 990,781
    STERLING CAP FDS STERLING CAP STRATTON SM CP VALUE (STSCX) 235.822 SHARES FMV 16,460 16,460
    VIRTUS FUNDS VIRTUS VONTOBEL EMG MKTS OPP CLASS I (HIEMX) 4,680.917 SHARES FMV 62,162 62,162

    TY 2020 OtherExpensesSchedule
    Name:
    SG SCHIMENTI FOUNDATION INC
    EIN:
    45-4076946
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER INVESTMENT EXPENSES 176 176   0


    TY 2020 OtherIncreasesSchedule
    Name:
    SG SCHIMENTI FOUNDATION INC
    EIN:
    45-4076946
    Description Amount
    UNREALIZED GAIN ON INVESTMENTS 580,382


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    SG SCHIMENTI FOUNDATION INC
    EIN:
    45-4076946
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT AND ADVISORY 10,155 10,155   0


    TY 2020 SubstantialContributorsSch
    Name:
    SG SCHIMENTI FOUNDATION INC
    EIN:
    45-4076946
    Name Address
    ART III TERM TRUST UNDER SG SCHIMENTI RESTATEMENT DTD 101212
          		8805 TAMIAMI TRIAL NORTH SUITE 368
    NAPLES,FL341082525


    TY 2020 TaxesSchedule
    Name:
    SG SCHIMENTI FOUNDATION INC
    EIN:
    45-4076946
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES WITHHELD 368 368   0