Form990-PF
Click to see attachment

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
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
BANFI VINTNERS FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)1111 CEDAR SWAMP ROAD
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
OLD BROOKVILLE, NY11545
A Employer identification number

11-2622792
B Telephone number (see instructions)

(516) 686-2506
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$6,133,604J Accounting method:
MODIFED 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 Check bullet.............
3 Interest on savings and temporary cash investments 3,335 3,335  
4 Dividends and interest from securities... 219,740 219,740  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 342,295
b Gross sales price for all assets on line 6a 2,525,547
7 Capital gain net income (from Part IV, line 2)... 342,295
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........ 565,370 565,370  
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)......... Click to see attachment 12,759 0   12,759
b Accounting fees (attach schedule)....... Click to see attachment 14,600 0   14,600
c Other professional fees (attach schedule).... Click to see attachment 18,395 18,395   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 15,650 0   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 2,422 1,354   750
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 63,826 19,749   28,109
25 Contributions, gifts, grants paid....... 6,622,224 550,000
26 Total expenses and disbursements. Add lines 24 and 25 6,686,050 19,749   578,109
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -6,120,680
b Net investment income (if negative, enter -0-) 545,621
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......... 1,673,341 1,036,608 1,036,608
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.......... 980    
10a Investments—U.S. and state government obligations (attach schedule) 5,189 0 0
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule)....... 211,733 Click to see attachment215,760 215,760
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 9,733,436 Click to see attachment4,878,216 4,878,216
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment5,004 Click to see attachment3,020 Click to see attachment3,020
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 11,629,683 6,133,604 6,133,604
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) Click to see attachment0 Click to see attachment4,988
23 Total liabilities (add lines 17 through 22)......... 0 4,988
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........... 11,629,683 6,128,616
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)..... 11,629,683 6,128,616
30 Total liabilities and net assets/fund balances (see instructions). 11,629,683 6,133,604
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
11,629,683
2
Enter amount from Part I, line 27a .....................
2
-6,120,680
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
1,009,604
4
Add lines 1, 2, and 3 ..........................
4
6,518,607
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
389,991
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
6,128,616
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 SALE OF PUBLICLY TRADED SECURITIES P    
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 2,365,731   2,183,252 182,479
b 159,816     159,816
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       182,479
b       159,816
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 2 342,295
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 7,584
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 7,584
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 7,584
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 2,596
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 7,500
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 10,096
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 2,512
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet2,512 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
Yes
 
If "Yes," attach the statement required by General Instruction T.Click to see list of attachments
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)
    bulletNY
    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. ...............................
    10
     
    No
    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 ofbulletPHIL CALDERONE Telephone no.bullet (516) 686-2506

    Located atbullet1111 CEDAR SWAMP ROADOLD BROOKVILLENY ZIP+4bullet11545
    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
     
     
    ........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
     
    No
    .........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). Click to see attachment
    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
    PHILIP D CALDERONE DIRECTOR / TREASURER
    1.00     		0 0 0
    1111 CEDAR SWAMP ROAD
    OLD BROOKVILLE,NY11545
    JAMES W MARIANI DIRECTOR
    1.00     		0 0 0
    1111 CEDAR SWAMP ROAD
    OLD BROOKVILLE,NY11545
    CRISTINA N MARIANI-MAY DIRECTOR
    1.00     		0 0 0
    1111 CEDAR SWAMP ROAD
    OLD BROOKVILLE,NY11545
    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
    4,879,335
    b
    Average of monthly cash balances.......................
    1b
    767,933
    c
    Fair market value of all other assets (see instructions)................
    1c
    2,524
    d
    Total (add lines 1a, b, and c).........................
    1d
    5,649,792
    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
    5,649,792
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    84,747
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    5,565,045
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    278,252
    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
    278,252
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    7,584
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    7,584
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    270,668
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    270,668
    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
    270,668
    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
    578,109
    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
    578,109
    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
    578,109
    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 7 270,668
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 542,504
    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$ 578,109
    a Applied to 2019, but not more than line 2a 542,504
    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..... 35,605
    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 ..........     		235,063
    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
    AMERICAN WINE SOCIETY EDUCATION FOUNDATION INC
    PO BOX 264
    LOVETTSVILLE,VA20180     		N/A PC GENERAL OPERATIONS 3,500
    AMERICAN-ITALIAN CANCER FOUNDATION
    112 EAST 71ST STREET SUITE 2B
    NEW YORK,NY10021     		N/A PC GENERAL OPERATIONS 2,500
    BOSTON CHILDREN'S HOSPITAL TRUST
    401 PARK DRIVE SUITE 602
    BOSTON,MA02215     		N/A PC GENERAL OPERATIONS 5,000
    CALIFORNIA POLYTECH
    1848 MISSION STREET
    SOUTH PASSEDENA,CA91030     		N/A PC GENERAL OPERATIONS 6,000
    CHARLESTON ANIMAL SOCIETY
    2455 REMOUNT ROAD
    NORTH CHARLESTON,SC29406     		N/A PC GENERAL OPERATIONS 2,000
    CHARLESTON JUNIOR GOLF FOUNDATION
    321 WINGO WAY SUITE 201
    MT PLEASANT,SC29464     		N/A PC GENERAL OPERATIONS 20,000
    CHILDREN OF RESTAURANT EMPLOYEES (CORE)
    1196 BUCKHEAD CROSSING STE A
    WOODSTOCK,GA30189     		N/A PC GENERAL OPERATIONS 5,000
    COMMUNITY DISPUTE SETTLEMENT CENTER
    60 GORE STREET
    CAMBRIDGE,MA02141     		N/A PC GENERAL OPERATIONS 3,750
    CONFRERIE DE LA CHAINE DES ROTISSEURS FDT
    2010 ARUNDEL ROAD
    MYRTLE BEACH,SC29577     		N/A PC GENERAL OPERATIONS 1,500
    CO-OPERATION IRELAND INCORPORATION
    1501 BROADWAY STE 2600
    NEW YORK,NY10036     		N/A PC GENERAL OPERATIONS 5,000
    EMERGENCY ASSISTANCE FUND
    6149 CHANCELLOR DRIVE SUITE 700
    ORLANDO,FL32809     		N/A PC GENERAL OPERATIONS 500
    EMILIO NARES FOUNDATION
    2650 TRUXTUN ROAD SUITE 202
    SAN DIEGO,CA92106     		N/A PC GENERAL OPERATIONS 11,000
    FAST FORWARD FUTURES
    1399 N CUYAMACA STREET
    EL CAJON,CA92020     		N/A PC GENERAL OPERATIONS 20,000
    FEEDING AMERICA
    35 WACKER DRIVE SUITE 2000
    CHICAGO,IL60601     		N/A PC GENERAL OPERATIONS 5,000
    FLORIDA INTERNATIONAL UNIVERSITY
    3000 NE 151ST STREET
    NORTH MIAMI,FL33181     		N/A PC GENERAL OPERATIONS 6,000
    FOCUSED ULTRASOUND FOUNDATION
    1230 CEDARS COURT SUITE 22903
    CHARLOTTESVILLE,VA22903     		N/A PC GENERAL OPERATIONS 2,000
    FRANCISCAN RENEWAL CENTER
    5802 EAST LINCOLN DRIVE
    SCOTTSDALE,AZ85253     		N/A PC GENERAL OPERATIONS 3,000
    FRIENDS OF BERMUDA COMMUNITY FOUNDATION
    16 WESLEY ST 4TH FLOOR
    HAMILTON,HAMILTON  
    BD     		N/A PC GENERAL OPERATIONS 10,000
    FRIENDS OF THE MIDDLESEX FELLS
    235 WEST FOSTER STREET
    MELROSE,MA02176     		N/A PC GENERAL OPERATIONS 2,500
    FRIENDS OF TJ FOUNDATION
    C/O COLD SPRING LAB ONE BUNGTOWN
    ROAD
    COLD SPRING HARBOR,NY11724     		N/A PC GENERAL OPERATIONS 2,000
    GEORGETOWN UNIVERSITY
    DEPARTMENT NUMBER 0734
    WASHINGTON,DC200730734     		N/A PC GENERAL OPERATIONS 10,000
    GREEN VALE SCHOOL
    250 VALENTINES LANE
    OLD BROOKVILLE,NY115452523     		N/A PC GENERAL OPERATIONS 10,000
    HARRY F MARIANI FAMILY FOUNDATION
    PO BOX 446
    LOCUST VALLEY,NY115600446     		N/A PF GENERAL OPERATIONS 6,072,224
    HOTCHKISS
    11 INTERLAKEN ROAD
    LAKEVILLE,CT06039     		N/A PC GENERAL OPERATIONS 20,000
    HOWARD UNIVERSITY
    PO BOX 417853
    BOSTON,MA022417853     		N/A PC GENERAL OPERATIONS 5,000
    HUNTINGTON HOSPITAL
    270 PARK AVENUE
    HUNTINGTON,NY11743     		N/A PC GENERAL OPERATIONS 12,750
    INDIAN RIVER MEDICAL CENTER
    1000 37TH PLACE STE 101
    VERO BEACH,FL32960     		N/A PC GENERAL OPERATIONS 25,000
    IRISH AMERICAN PARTNERSHIP
    15 BROAD STREET SUITE 501
    BOSTON,MA02109     		N/A PC GENERAL OPERATIONS 10,000
    JOHN'S ISLAND COMMUNITY SERVICE LEAGUE
    4445 N HWY A1A SUITE 234
    VERO BEACH,FL32963     		N/A PC GENERAL OPERATIONS 2,500
    JOHN'S ISLAND FOUNDATION
    6001 HIGHWAY A1A PO BOX 8323
    INDIAN RIVER SHORES,FL32963     		N/A PC GENERAL OPERATIONS 10,000
    JOHNSON & WALES
    8 ABBOTT PARK PLACE
    PROVIDENCE,RI02903     		N/A PC GENERAL OPERATIONS 6,000
    JUVENILE DIABETES RESEARCH FOUNDATION
    5555 CROTON ROAD SUITE 111
    KING OF PRUSSIA,PA19406     		N/A PC GENERAL OPERATIONS 1,000
    KAT'S RIBBON OF HOPE INC
    PO BOX 268
    GREENVALE,NY11545     		N/A PC GENERAL OPERATIONS 3,500
    KIAWAH CARES FOUNDATION
    23 BEACHWALKER DRIVE
    KIAWAH ISLAND,SC29455     		N/A PC GENERAL OPERATIONS 15,000
    LIFEBOAT INC - CAESARS CARES
    1 CAESARS PALACE DRIVE
    LAS VEGAS,NV89109     		N/A PC GENERAL OPERATIONS 1,000
    LOWCOUNTRY FOOD BANK
    2864 AZALEA DRIVE
    CHARLESTON,SC29405     		N/A PC GENERAL OPERATIONS 2,000
    METROPOLITAN STATE UNIVERSITY
    CAMPUS BOX 14 PO BOX 173362
    DENVER,CO80217     		N/A PC GENERAL OPERATIONS 6,000
    NEW MEXICO STATE UNIVERSITY
    PO BOX 30003 MSC 3HRTM
    LAS CRUCES,NM88003     		N/A PC GENERAL OPERATIONS 6,000
    NORTHERN ARIZONA UNIVERSITY
    902 BEAVER STREET HRM BLDG 33
    FLAGSTAFF,AZ86011     		N/A PC GENERAL OPERATIONS 6,000
    NORTHWELL HEALTH FOUNDATION
    270 PARK AVENUE
    HUNTINGTON,NY11743     		N/A PC GENERAL OPERATIONS 50,000
    ONE80 PLACE
    PO BOX 20038
    CHARLESTON,SC29413     		N/A PC GENERAL OPERATIONS 2,000
    PINGREE SCHOOL
    537 HIGHLAND STREET
    SOUTH HAMILTON,MA09182     		N/A PC GENERAL OPERATIONS 7,500
    PINK AID INC
    PO BOX 5157
    WESTPORT,CT06881     		N/A PC GENERAL OPERATIONS 2,000
    SALVATION ARMY VERO BEACH
    PO BOX 2864
    VERO BEACH,FL32961     		N/A PC GENERAL OPERATIONS 1,500
    SEA ISLAND HABITAT FOR HUMANITY
    2545 BOHICKET ROAD
    JOHNS ISLAND,SC29455     		N/A PC GENERAL OPERATIONS 10,000
    SKYLAND TRAIL
    1961 NORTH DRUID HILLS ROAD NE
    ATLANTA,GA30329     		N/A PC GENERAL OPERATIONS 10,750
    SOCIETY OF WINE EDUCATORS
    1612 K STREET NW SUITE 1101
    WASHINGTON,DC20006     		N/A PC GENERAL OPERATIONS 3,500
    ST JOSEPH'S CHILDREN'S HOSPITAL FOUNDATION
    2700 W DR MARTIN LUTHER KING JR
    BLVD SUITE 310
    TAMPA,FL33607     		N/A PC GENERAL OPERATIONS 6,500
    ST JUDE CHILDREN'S RESEARCH HOSPITAL
    501 ST JUDE PLACE
    MEMPHIS,TN38105     		N/A PC GENERAL OPERATIONS 5,000
    THE CAUMSETT FOUNDATION
    PO BOX 1948
    HUNTINGTON,NY11743     		N/A PC GENERAL OPERATIONS 2,000
    THE CULINARY INSTITUE OF AMERICA
    1946 CAMPUS DRIVE
    HYDE PARK,NY12538     		N/A PC GENERAL OPERATIONS 5,000
    THE FENN SCHOOL
    516 MONUMENT STREET
    CONCORD,MA017421810     		N/A PC GENERAL OPERATIONS 7,500
    THE FOUNDATION FOR ART & HEALING THE UNLONELY PROJECT
    77 STERNS ROAD
    BROOKLINE,MA02446     		N/A PC GENERAL OPERATIONS 500
    THE NEW YORK CITY POLICE FOUNDATION INC
    555 FIFTH AVENUE 15TH FLOOR
    NEW YORK,NY10017     		N/A PC GENERAL OPERATIONS 25,000
    THERE WITH CARE
    2825 WILDERNESS PLACE STE 100
    BOULDER,CO80301     		N/A PC GENERAL OPERATIONS 10,000
    TISCH MSRC OF NY
    521 WEST 57TH STREET 4TH FLOOR
    NEW YORK,NY10019     		N/A PC GENERAL OPERATIONS 68,750
    UNITED CEREBRAL PALSY OF CENTRAL FLORIDA
    4780 DATA COURT
    ORLANDO,FL32817     		N/A PC GENERAL OPERATIONS 2,000
    UNIVERSITY OF DELAWARE
    14 W MAIN STREET RAUB HALL
    NEWARK,DE19716     		N/A PC GENERAL OPERATIONS 6,000
    UNIVERSITY OF HOUSTON HILTON COLLEGE
    3032 COMMERCE
    HOUSTON,TX77003     		N/A PC GENERAL OPERATIONS 6,000
    UNIVERSITY OF NEVADA LAS VEGAS
    2658 RIDGEWATER CIRCLE
    HENDERSON,NV89074     		N/A PC GENERAL OPERATIONS 6,000
    UNIVERSITY OF NOTRE DAME
    1100 GRACE HALL
    NOTRE DAME,IN46556     		N/A PC GENERAL OPERATIONS 25,000
    UNIVERSITY OF SOUTH CAROLINA
    3 EAST CENTERBURY COURT
    BLYTHEWOOD,SC29016     		N/A PC GENERAL OPERATIONS 6,000
    WIDENER UNIVERSITY
    ONE UNIVERSITY PLACE
    CHESTER,PA19013     		N/A PC GENERAL OPERATIONS 6,000
    WINCHESTER ABC
    PO BOX 94
    WINCHESTER,MA01890     		N/A PC GENERAL OPERATIONS 3,750
    YOUTH ADVOCACY FOUNDATION
    129 EVERETT STREET
    CONCORD,MA01742     		N/A PC GENERAL OPERATIONS 3,750
    Total .................................bullet 3a 6,622,224
    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 3,335  
    4 Dividends and interest from securities....     14 219,740  
    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 ............     		    18 342,295  
    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).. 0 565,370 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    565,370
    (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

    TY 2020 AccountingFeesSchedule
    Name:
    BANFI VINTNERS FOUNDATION
    EIN:
    11-2622792
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PKF O'CONNOR DAVIES-AUDIT AND TAX SERVICES 14,600 0   14,600

    TY 2020 DissolutionStmt
    Name:
    BANFI VINTNERS FOUNDATION
    EIN:
    11-2622792
    Dissolution Name Dissolution Address Explanation Dissolution Amount
    HARRY F MARIANI FAMILY FOUNDATION PO BOX 446
    LOCUST VALLEY,NY115600446     		DISTRIBUTED ASSETS INCLUDE CASH AND SECURITIES VALUED A FAIR VALUE AT THE TIME OF DISTRIBUTION. 6,072,224


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

    TY 2020 ExpenditureResponsibilityStmt
    Name:
    BANFI VINTNERS FOUNDATION
    EIN:
    11-2622792
    Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
    HARRY F MARIANI FAMILY FOUNDATION
          		PO BOX 446
    LOCUST VALLEY,NY115600446     		2020-12-31 6,072,224 GENERAL OPERATIONS 6,072,224 NONE PENDING   N/A

    TY 2020 GeneralExplanationAttachment
    Name:
    BANFI VINTNERS FOUNDATION
    EIN:
    11-2622792
    Identifier Return Reference Explanation
    REGARDING SUBSTANTIAL CONTRACTION PART VII-A, LINE 5 STMT REQUIRED BY GENERAL INSTRUCTION T AT A MEETING OF THE BOARD OF DIRECTORS (THE "BOARD") OF THE BANFI VITNERS FOUNDATION (THE "FOUNDATION") HELD ON SEPTEMBER 14, 2020, THE BOARD ADOPTED A MOTION TO DISTRIBUTE ASSETS (THE "MOTION"), A CERTIFIED COPY OF WHICH IS ATTACHED (THE EXHIBITS TO THE MOTION HAVE BEEN OMITTED). AS EXPLAINED IN THE MOTION, DUE TO DIVERGENT PHILANTHROPIC PHILOSOPHIES AMONG THE DIRECTORS REGARDING THE FOUNDATION'S PHILANTHROPIC PROGRAMS AND DECISION-MAKING PROCESSES, AND FOLLOWING SIGNIFICANT TIME SPENT RESEARCHING, CONSIDERING AND DEBATING VARIOUS APPROACHES TO REDRESS AND RESOLVE THE DIVERGENT PHILANTHROPIC PHILOSOPHIES, THE DIRECTORS DETERMINED THAT IT WAS IN THE BEST INTEREST OF THE FOUNDATION TO DIVIDE THE FOUNDATION INTO EQUAL HALVES. THE NAME AND ADDRESS OF THE CHARITABLE ORGANIZATION, THE FAIR MARKET VALUE OF THE ASSETS DISTRIBUTED, AND AN EXPLANATION OF THOSE ASSETS ARE SHOWN IN STATEMENT 13 OF THIS FORM 990-PF. THE FOUNDATION'S DISTRIBUTION OF ASSETS AS PROVIDED IN THE MOTION MEETS THE DEFINITION OF A "SUBSTANTIAL CONTRACTION" IN GENERAL INSTRUCTION T TO THE FORM 990-PF. PLEASE SEE THE ATTACHED COPY OF THE MOTION FOR ADDITIONAL DETAILS REGARDING THE DISTRIBUTION OF ASSETS.

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    BANFI VINTNERS FOUNDATION
    EIN:
    11-2622792
    Name of Bond End of Year Book Value End of Year Fair Market Value
    BRIGHTSPHERE INVT GROUP DUE 8/1/2031 5.125%-2000 SHARES 50,400 50,400
    EBAY INC DUE 2/1/2056 6.0%-2000 SHARES 52,760 52,760
    JP MORGAN CHASE & CO. 6.0% PERPETUAL-2000 SHARES 56,960 56,960
    TRUIST FINANCIAL CORP 5.25% - 2000 SHARES 55,640 55,640

    TY 2020 InvestmentsOtherSchedule2
    Name:
    BANFI VINTNERS FOUNDATION
    EIN:
    11-2622792
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ALLIANZGI ARTIFICIAL-2500 SHARES FMV 65,925 65,925
    AMERICAN BEACON SIM H/Y - INS-3593 SHARES FMV 34,610 34,610
    AMERICAN CAP INC BLDR-6000 SHARES FMV 378,060 378,060
    BALLIE GIFFORD EMERG MKTS CL K-3654 SHARES FMV 101,119 101,119
    BLACKROCK HEALTH SCIENCES TR II - 2500 SHARES FMV 71,625 71,625
    BLACKROCK MULTI ASSET-50000 SHARES FMV 558,500 558,500
    BLACKROCK SCIENCE AND TECH TR II-2500 SHARES FMV 90,950 90,950
    DIAMOND HILL LARGE CAP FUND-2535 SHARES FMV 77,505 77,505
    FRANKLIN CUST FD INC SER-100000 SHARES FMV 230,000 230,000
    GUGGENHEIM MACRO-10000 SHARES FMV 274,600 274,600
    HARBOR LARGE CAP VALUE-RET - 2513 SHARES FMV 48,303 48,303
    ISHARES CORE MSCI EAFE ETF-1862 SHARES FMV 128,646 128,646
    ISHARES CORE MSCI EMERGING MARKETS ETF-574 SHARES FMV 35,611 35,611
    ISHARES EDGE MSCI MIN VOL USA ETF-533 SHARES FMV 36,180 36,180
    ISHARES EDGE MSCI USA QLTY FACTOR ETF-936 SHARES FMV 108,773 108,773
    ISHARES RUSSELL 2000 ETF-183 SHARES FMV 35,879 35,879
    JOHCM INTERNATIONAL SELECT CL I FMV 83,026 83,026
    JP MORGAN INCOME BUILDER-50000 SHARES FMV 555,000 555,000
    LORD ABBETT MULTI ASSET-5000 SHARES FMV 83,500 83,500
    METWEST TOTAL RETURN BOND FUND-23217 SHARES FMV 42,675 42,675
    METWEST TOTAL RETURN BOND FUND-23217 SHARES FMV 260,380 260,380
    PIMCO ENERGY AND TACTICAL CR OPPORTUNITI-2500 SHARES FMV 20,200 20,200
    PRINCIPAL GLOBAL-40000 SHARES FMV 536,800 536,800
    PUTNAM ABSOLUTE RETURN-22394 SHARES FMV 232,898 232,898
    T ROWE PRICE LARGE CAP GROWTH FUND-2021 SHARES FMV 123,737 123,737
    VIRTUS KAR SMALL CAP GROWTH-815 SHARES FMV 43,678 43,678
    WCM FOCUSED INTERNATIONAL GROWTH FUND-4815 SHARES FMV 119,191 119,191
    WILMINGTON BROAD MARKET BOND FUND-24950 SHARES FMV 261,164 261,164
    WILMINGTON LARGE CAP STRATEGY FUND-6511 SHARES FMV 175,873 175,873
    WILMINGTON MULTI-MANAGER REAL ASSET FUND-4431 SHARES FMV 63,808 63,808

    TY 2020 LiquidationExplanationStmt
    Name:
    BANFI VINTNERS FOUNDATION
    EIN:
    11-2622792
    Statement:
    SEE STATEMENT 16 FOR SUBSTANTIAL CONTRACTION EXPLANATION.


    TY 2020 LegalFeesSchedule
    Name:
    BANFI VINTNERS FOUNDATION
    EIN:
    11-2622792
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LAURA SOLOMON AND ASSOCIATES-LEGAL SERVICES 12,759 0   12,759


    TY 2020 OtherAssetsSchedule
    Name:
    BANFI VINTNERS FOUNDATION
    EIN:
    11-2622792
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ACCRUED INTEREST RECEIVABLE 5,004 3,020 3,020
    PREPAID FEDERAL EXCISE TAX      


    TY 2020 OtherDecreasesSchedule
    Name:
    BANFI VINTNERS FOUNDATION
    EIN:
    11-2622792
    Description Amount
    UNREALIZED LOSS ON INVESTMENTS 389,991


    TY 2020 OtherExpensesSchedule
    Name:
    BANFI VINTNERS FOUNDATION
    EIN:
    11-2622792
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BANK FEES 1,354 1,354   0
    FILING FEES 750 0   750
    PENALTIES 318 0   0


    TY 2020 OtherIncreasesSchedule
    Name:
    BANFI VINTNERS FOUNDATION
    EIN:
    11-2622792
    Description Amount
    GAIN ON DISTRIBUTION OF DONATED STOCK 1,009,604


    TY 2020 OtherLiabilitiesSchedule
    Name:
    BANFI VINTNERS FOUNDATION
    EIN:
    11-2622792
    Description Beginning of Year - Book Value End of Year - Book Value
    FEDERAL EXCISE TAX PAYABLE 0 4,988


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    BANFI VINTNERS FOUNDATION
    EIN:
    11-2622792
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANGEMENT FEES 18,395 18,395   0


    TY 2020 TaxesSchedule
    Name:
    BANFI VINTNERS FOUNDATION
    EIN:
    11-2622792
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL EXCISE TAX 15,650 0   0