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
SALVITTI FAMILY FOUNDATION IMA
 
Number and street (or P.O. box number if mail is not delivered to street address)750 EAST BEAU STREET
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
WASHINGTON, PA15301
A Employer identification number

25-1755617
B Telephone number (see instructions)

(412) 762-6490
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$10,941,902J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 88,747 88,169  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 262,532
b Gross sales price for all assets on line 6a 4,295,999
7 Capital gain net income (from Part IV, line 2)... 262,532
8 Net short-term capital gain......... 0
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........ 351,279 350,701  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 53,177 46,927   6,250
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 7,698 435   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 60,875 47,362 0 6,250
25 Contributions, gifts, grants paid....... 711,500 711,500
26 Total expenses and disbursements. Add lines 24 and 25 772,375 47,362 0 717,750
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -421,096
b Net investment income (if negative, enter -0-) 303,339
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets 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......... 419,982 465,586 465,586
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
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 bullet0      
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)   Click to see attachment1,969,563 2,065,258
b Investments—corporate stock (attach schedule)....... 2,904,977 Click to see attachment3,276,687 5,702,741
c Investments—corporate bonds (attach schedule)....... 3,349,022 Click to see attachment1,921,255 2,123,182
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 1,449,634 Click to see attachment373,735 585,135
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) 8,123,615 8,006,826 10,941,902
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 8,123,615 8,006,826
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)..... 8,123,615 8,006,826
30 Total liabilities and net assets/fund balances (see instructions). 8,123,615 8,006,826
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
8,123,615
2
Enter amount from Part I, line 27a .....................
2
-421,096
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
308,114
4
Add lines 1, 2, and 3 ..........................
4
8,010,633
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
3,807
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
8,006,826
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 1. ALLERGAN INC XXX-XX-XXXX   2001-01-01 2020-02-20
b 800. MERCK & CO INC   2019-08-14 2020-02-20
c 1400. VERIZON COMMUNICATIONS COM   2019-03-19 2020-02-20
d 750. CHEVRON CORPORATION   2016-12-01 2020-02-25
e 2000. CISCO SYS INC COM   2018-08-17 2020-02-25
10000. SPDR S&P 500 ETF TRUST PUT @ 240 EXPIRES 03/20/20   2000-12-31 2020-03-06
1700. CARNIVAL CORP SEDOL 2523044   2020-02-20 2020-03-06
650. ROYAL CARRIBEAN CRUISES LTD SEDOL 2754907 ISIN LR0008862868   2020-02-20 2020-03-06
1000. BANK OF AMERICA CORP   2017-01-09 2020-03-09
250000. CIBC SPX PARTICIPATION NOTE 131% PART 20% GEARED BUFFER   2019-02-15 2020-03-09
1200. ISHARES CORE MSCI EAFE ETF ETF   2017-06-02 2020-03-09
500. ISHARES CORE MSCI EMERGING MARKETS   2017-06-26 2020-03-09
300. J P MORGAN CHASE & CO COM   2015-06-12 2020-03-09
200. MICROSOFT CORP   2017-02-28 2020-03-09
800. PAYPAL HOLDINGS INC-W/I   2018-10-23 2020-03-09
1750. TC ENERGY CORPORATION SEDOL BJMY6F9   2019-04-16 2020-03-09
250000. TD SPX NOTE 134.56% PART20% GEARED BUFFER   2019-03-21 2020-03-09
200. VISA INC CLASS A SHARES   2011-12-21 2020-03-09
200. APPLE INC   2011-06-02 2020-03-10
800. ISHARES CORE MSCI EAFE ETF ETF   2017-06-12 2020-03-10
300. ISHARES CORE MSCI EMERGING MARKETS   2017-06-02 2020-03-10
200. MICROSOFT CORP   2017-02-28 2020-03-10
100. S&P GLOBAL INC   2017-01-26 2020-03-10
100. VISA INC CLASS A SHARES   2011-12-21 2020-03-10
10000. SPDR S&P 500 ETF TRUST PUT @ 240 EXPIRES 03/20/20   2000-12-31 2020-03-12
850. UNITED TECHNOLOGIES CORP COM   2016-09-09 2020-03-12
5000. ISHARES CORE MSCI EAFE ETF ETF   2016-04-08 2020-03-16
10000. SPDR S&P 500 ETF TRUST PUT @ 240 EXPIRES 03/20/20   2000-12-31 2020-03-18
9310.987 DIAMOND HILL LONG-SHORT FUND CL I   2013-08-06 2020-03-18
225. ESSEX PPTY TR INC REIT   2018-04-04 2020-03-27
100. CLOROX CO   2020-03-18 2020-03-30
100. JOHNSON & JOHNSON COM   2018-12-10 2020-03-30
125000. FEDEX CORP CO GUARNT   2019-05-22 2020-04-16
200000. AMGEN INC UNSC   2019-04-30 2020-05-11
100000. CISCO SYSTEMS INC SUBR   2019-02-19 2020-06-15
500. CLOROX CO   2020-03-18 2020-06-23
51813.472 DOUBLELINE FLEXIBLE INC-I   2019-03-18 2020-07-13
125000. USA TREASURY BONDS TREASURY INFLATION PR   2018-02-23 2020-07-15
300. ABBOTT LABORATORIES INC   2017-01-26 2020-07-29
20. AMAZON.COM INC   2020-04-06 2020-07-29
100. THERMO ELECTRON CORP COM   2018-03-13 2020-07-29
4000. ISHARES 20+ YEAR TREASURY BOND PUT @ 140 EXPIRES 12/18/20   2000-12-31 2020-08-26
3200. ISHARES CORE MSCI EMERGING MARKETS   2017-06-02 2020-09-22
150000. JP MORGAN CHASE & CO SR UNSEC   2020-06-04 2020-10-15
150000. BANK OF AMERICA CORP SER MTN UNSC   2016-12-05 2020-10-19
10. AMAZON.COM INC   2020-04-06 2020-10-23
10000. SPDR S&P 500 ETF TRUST PUT @ 260 EXPIRES 11/20/20   2000-12-31 2020-10-29
100000. APPLE INC UNSC   2019-02-19 2020-11-13
9000. SPDR S&P 500 ETF TRUST PUT @ 260 EXPIRES 11/20/20   2020-09-29 2020-11-25
. ISHARES RUSSELL 2000 VALUE CALL @ 125 EXPIRES 11/20/20   2000-12-31 2020-11-25
.197 VIATRIS INC-W/I   2020-07-29 2020-11-27
125000. VISA INC CALL 11/14/2020 @ 100.000 UNSC   2019-05-24 2020-12-14
11000. ISHARES 20+ YEAR TREASURY BOND PUT @ 140 EXPIRES 12/18/20   2020-08-07 2020-12-23
20000. SPDR S&P 500 ETF TRUST PUT @ 305 EXPIRES 12/18/20   2020-11-24 2020-12-23
20000. TECHNOLOGY SELECT SECTOR SPDR PUT @ 60 EXPIRES 12/18/20   2020-07-21 2020-12-23
310. VIATRIS INC-W/I   2020-07-29 2020-12-31
CAPITAL GAIN DIVIDENDS P    
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CAPITAL GAIN DIVIDENDS P    
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CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
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CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
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(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 7,075   25 7,050
b 65,699   67,499 -1,800
c 81,382   81,213 169
d 75,587   86,063 -10,476
e 84,558   91,570 -7,012
13,482   4,779 8,703
46,099   72,180 -26,081
41,294   71,405 -30,111
22,312   22,685 -373
252,750   250,000 2,750
65,315   75,162 -9,847
22,495   25,299 -2,804
28,115   20,457 7,658
30,963   12,780 18,183
82,922   67,945 14,977
85,066   81,445 3,621
250,750   250,000 750
34,840   5,009 29,831
55,949   9,890 46,059
44,024   49,288 -5,264
14,055   15,165 -1,110
31,597   12,780 18,817
25,638   12,184 13,454
17,975   2,505 15,470
68,125   4,779 63,346
90,605   87,672 2,933
222,037   289,133 -67,096
155,495   4,779 150,716
177,095   200,000 -22,905
47,359   53,954 -6,595
17,624   20,124 -2,500
13,145   14,399 -1,254
127,760   124,221 3,539
200,000   199,152 848
100,000   99,755 245
108,302   100,619 7,683
475,130   500,000 -24,870
146,956   125,000 21,956
30,739   12,253 18,486
60,398   39,566 20,832
41,207   21,512 19,695
3,558   2,561 997
167,740   161,128 6,612
150,000   150,000  
150,000   150,000  
31,719   19,783 11,936
9,589   9,979 -390
100,000   99,024 976
    8,981 -8,981
    3,577 -3,577
3   3  
125,000   124,554 446
    7,042 -7,042
    8,557 -8,557
    8,879 -8,879
5,778   5,132 646
      282
      282
      282
      282
      282
      282
      282
      282
      282
      282
      282
      282
      282
      282
      282
      282
      282
      282
      282
      282
      282
      282
      282
      282
      282
      282
      282
      282
      282
      282
      282
      282
      282
      282
      282
      282
      282
      282
      282
      282
      282
      282
      282
      282
      282
      282
      282
      282
      282
      282
      282
      282
      282
      282
      282
      282
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       7,050
b       -1,800
c       169
d       -10,476
e       -7,012
      8,703
      -26,081
      -30,111
      -373
      2,750
      -9,847
      -2,804
      7,658
      18,183
      14,977
      3,621
      750
      29,831
      46,059
      -5,264
      -1,110
      18,817
      13,454
      15,470
      63,346
      2,933
      -67,096
      150,716
      -22,905
      -6,595
      -2,500
      -1,254
      3,539
      848
      245
      7,683
      -24,870
      21,956
      18,486
      20,832
      19,695
      997
      6,612
       
       
      11,936
      -390
      976
      -8,981
      -3,577
       
      446
      -7,042
      -8,557
      -8,879
      646
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 2 262,532
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 4,216
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 4,216
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 4,216
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 6,626
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  
7 Total credits and payments. Add lines 6a through 6d.............. 7 6,626
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 2,410
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet2,108 RefundedBullet 11 302
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$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletPA
    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
    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 ofbulletPNC BANK NA AGENT Telephone no.bullet (412) 762-6490

    Located atbullet116 ALLEGHENY CENTER MALLPITTSBURGHPA ZIP+4bullet15212
    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
    DIANE C GARDNER SECRETARY
    1     		0    
    TOWNHOUSE SQUARE E-109 1101 S COL
    MARCO ISLAND,FL34145
    E RONALD SALVITTI II VICE PRESIDENT
    1     		0    
    600 LEMOYNE AVENUE EXT
    WASHINGTON,PA15301
    E RONALD SALVITTI MD PRESIDENT
    1     		0    
    600 LEMOYNE AVENUE EXT
    WASHINGTON,PA15301
    RAYMOND J POPECK TREASURER
    1     		0    
    96 NORTH MAIN STREET
    WASHINGTON,PA15301
    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.........................bullet  
    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
    10,488,612
    b
    Average of monthly cash balances.......................
    1b
    0
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    10,488,612
    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
    10,488,612
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    157,329
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    10,331,283
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    516,564
    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
    516,564
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    4,216
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    4,216
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    512,348
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    512,348
    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
    512,348
    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
    717,750
    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
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    717,750
    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
    717,750
    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 7 512,348
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 0
    b From 2016...... 0
    c From 2017...... 0
    d From 2018...... 0
    e From 2019...... 1,670,216
    fTotal of lines 3a through e........ 1,670,216
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 717,750
    a Applied to 2019, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2020 distributable amount..... 512,348
    e Remaining amount distributed out of corpus 205,402
    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 1,875,618
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		1,875,618
    10 Analysis of line 9:
    a Excess from 2016.... 0
    b Excess from 2017.... 0
    c Excess from 2018.... 0
    d Excess from 2019.... 1,670,216
    e Excess from 2020.... 205,402
    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).)
    E RONALD SALVITTI MD
    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
    WASHINGTON CHRISTIAN OUTREACH
    119 HIGHLAND AVENUE
    WASHINGTON,PA15301     		NONE PC GENERAL SUPPORT 15,000
    AMERICAN SOCIETY OF CATARACT
    AND REFRACTIVE SURGERY
    4000 LEGATO ROAD 700
    FAIRFAX,VA22033     		NONE PC GENERAL SUPPORT 5,000
    ST BENEDICT THE ABBOT CHURCH
    120 ABINGTON DRIVE
    MCMURRAY,PA15317     		NONE PC GENERAL SUPPORT 30,000
    SOUTH STRABANE FIRE DEPARTMENT
    550 WASHINGTON ROAD
    WASHINGTON,PA15301     		NONE PC GENERAL SUPPORT 10,000
    EYE AND EAR FOUNDATION
    203 LOTHROP ST
    PITTSBURGH,PA15213     		NONE PC GENERAL SUPPORT 10,000
    ST LOUISE DEMARILLAC SCHOOL
    312 MCMURRAY ROAD
    PITTSBURGH,PA15241     		NONE PC GENERAL SUPPORT 10,000
    BRONSON HOUSE-THE NEIGHBORHOOD
    308 EAST MAIDEN STREET
    WASHINGTON,PA15301     		NONE PC GENERAL SUPPORT 5,000
    WASHINGTON SYMPHONY ORCHESTRA
    1225 I STREET NW SUITE 110
    WASHINGTON,DC20005     		NONE PC GENERAL SUPPORT 1,000
    PITTSBURGH SYMPHONY ORCHESTRA
    600 PENN AVENUE
    PITTSBURGH,PA15222     		NONE PC 2014-2015 EDUCATION 1,000
    WASHINGTON CITY MISSION
    84 WEST WHEELING ST
    WASHINGTON,PA15301     		NONE PC GENERAL SUPPORT 27,500
    WASHINGTON WOMEN'S SHELTER
    PO BOX 503
    WASHINGTON,PA15301     		NONE PC GENERAL SUPPORT 10,000
    WASHINGTON AND JEFFERSON COLLEGE
    60 S LINCOLN STREET
    WASHINGTON,PA15301     		NONE PC GENERAL SUPPORT 210,000
    THE FOUNDATION OF THE AMERICAN ACACDEMY
    OF OPHTHALMOLOGY
    655 BEACH STREET
    SAN FRANCISCO,CA941091336     		NONE PC GENERAL SUPPORT 2,500
    CENTRAL CATHOLIC HIGH SCHOOL
    320 BILMAR DRIVE
    PITTSBURGH,PA15212     		NONE PC GENERAL SUPPORT 30,000
    AMERICAN HEART ASSOCIATION
    777 PENN CENTER BLVD STE 20
    PITTSBURGH,PA15235     		NONE PC GENERAL SUPPORT 1,000
    ARC WASHINGTON FOUNDATION
    201 S JOHNSON ROAD
    HOUSTON,PA15342     		NONE PC GENERAL SUPPORT 2,500
    DOMESTIC VIOLENCE SERVICES OF
    SOUTH WESTERN PA
    308 EAST MAIDEN STREET
    WASHINGTON,PA15301     		NONE PC GENERAL SUPPORT 5,000
    BENTLEYVILLE PUBLIC LIBRARY
    931 MAIN STREET
    BENTLEYVILLE,PA15314     		NONE PC GENERAL SUPPORT 5,000
    BIG BROTHERS & BIG SISTERS OF GTR PITTSB
    58 E CHEERY AVE
    WASHINGTON,PA15301     		NONE PC GENERAL SUPPORT 2,000
    THE BRADFORD HOUSE HISTORICAL
    1415 JEFFERSON AVE
    WASHINGTON,PA15301     		NONE PC GENERAL SUPPORT 25,000
    CASA FOR KIDS INC
    30 EAST BEAU STREET
    WASHINGTON,PA15301     		NONE PC GENERAL SUPPORT 2,000
    CATHOLIC CHARITIES OF WASHINGTON COUNTY
    331 S MAIN STREET
    WASHINGTON,PA15301     		NONE PC GENERAL SUPPORT 5,000
    CITIZEN'S LIBRARY
    55 SOUTH COLLEGE STREET
    WASHINGTON,PA15301     		NONE PC GENERAL SUPPORT 2,000
    CLELIAN HEIGHTS
    135 CLELIAN HEIGHTS LN
    GREENSBURG,PA15601     		NONE PC GENERAL SUPPORT 2,000
    EXTRA MILE EDUCATION FOUNDATION
    111 BLVD OF THE ALLIES
    PITTSBURGH,PA152221618     		NONE PC GENERAL SUPPORT 2,500
    BLIND AND VISION REHABILITATION
    1800 WEST ST
    HOMESTEAD,PA15120     		NONE PC GENERAL SUPPORT 2,500
    JOHN F KENNEDY SCHOOL
    111 W SPRUCE STREET
    WASHINGTON,PA15301     		NONE PC GENERAL SUPPORT 5,000
    JUNIOR ACHIEVEMENT
    120 MARSHALL DRIVE
    WARRENDALE,PA15086     		NONE PC GENERAL SUPPORT 2,000
    JUVENILE DIABETES FOUNDATION
    960 PENN AVENUE
    PITTSBURGH,PA15222     		NONE PC GENERAL SUPPORT 2,000
    MARIO LEMIEUX FOUNDATION
    1010 NEVELLEWOOD DRIVE
    PRESTO,PA15142     		NONE PC GENERAL SUPPORT 5,000
    MAKE A WISH
    707 GRANT STREET 37TH FLOOR
    PITTSBURGH,PA15219     		NONE PC GENERAL SUPPORT 8,800
    MEALS ON WHEELS WASHINGTON
    5901 E CAPITOL ST SE
    WASHINGTON,DC20019     		NONE PC GENERAL SUPPORT 2,000
    PITTSBURGH OPERA
    801 PENN AVENUE
    PITTSBURGH,PA15222     		NONE PC GENERAL SUPPORT 5,000
    THE SALVATION ARMY
    PO BOX 246
    WASHINGTON,PA15301     		NONE PC GENERAL SUPPORT 1,000
    SETON HILL UNIVERSITY
    SETON HILL DRIVE
    GREENSBURG,PA15601     		NONE PC GENERAL SUPPORT 35,000
    SETON HILL SISTERS OF CHARITY
    SETON HILL DRIVE
    GREENSBURG,PA15601     		NONE PC GENERAL SUPPORT 5,000
    SHADYSIDE ACADEMY
    423 FOX CHAPEL ROAD
    PITTSBURGH,PA15238     		NONE PC GENERAL SUPPORT 40,500
    ST VINCENT DEPAUL SOCIETY
    119 W CHESTNUT STREET
    WASHINGTON,PA15301     		NONE PC GENERAL SUPPORT 2,000
    UNITED CEREBRAL PALSY OF SW PA
    655 JEFFERSON AVENUE
    WASHINGTON,PA15301     		NONE PC GENERAL SUPPORT 2,000
    WASHINGTON GREATER COUNTY FOOD BANK
    1020 ROUTE 519
    EIGHTY FOUR,PA15330     		NONE PC GENERAL SUPPORT 15,000
    BOY SCOUTS OF AMERICA
    1325 WEST WALNUT HILL LANE
    IRVING,TX750152079     		NONE PC GENERAL SUPPORT 1,500
    UNIVERSITY OF PITTSBURGH
    4200 5TH STREET
    PITTSBURGH,PA15213     		NONE PC GENERAL SUPPORT 10,000
    WATCHFUL SHEPHERD USA
    600 WATERDAM PLAZA STE 240
    MCMURRAY,PA15317     		NONE PC GENERAL SUPPORT 2,000
    OAKLAND CATHOLIC HIGH SCHOOL
    144 N CRAIG ST
    PITTSBURGH,PA15213     		NONE PC GENERAL SUPPORT 2,000
    TEMPLE UNIVERSITY MEDICAL FUND
    PO BOX 827651
    PHILADELPHIA,PA191827651     		NONE PC GENERAL SUPPORT 25,000
    ITAM
    493 CHARLES STREET
    CHARLEROI,PA15022     		NONE PC GENERAL SUPPORT 1,500
    WAYNESBURG COLLEGE
    51 W COLLEGE STREET
    WAYNESBURG,PA15370     		NONE PC GENERAL SUPPORT 5,000
    WASHINGTON PROF FIREFIGHTERS
    ASSN
    45 WEST WHEELING STREET
    WASHINGTON,PA15301     		NONE PC GENERAL SUPPORT 2,500
    COLUMBIA UNIVERSITY
    116TH STREET BROADWAY
    NEW YORK,NY10027     		NONE PC GENERAL SUPPORT 15,000
    WASHINGTON COUNTY HISTORICAL
    SOCIETY
    49 E MAIDEN STREET
    WASHINGTON,PA15301     		NONE PC GENERAL SUPPORT 5,000
    WASHINGTON HEALTH SYSTEM
    155 WILSON AVENUE
    WASHINGTON,PA15301     		NONE PC GENERAL SUPPORT 47,200
    GREATER PITTSBURGH COMMUNITY FOOD BANK
    1 N LINDEN ST
    Duquesne,PA15110     		NONE PC GENERAL SUPPORT 2,500
    UNIVERSITY OF ROCHESTER
    500 JOSEPH C WILSON BLVD
    Rochester,NY14627     		NONE PC GENERAL SUPPORT 5,000
    SEWICKLEY ACADEMY
    315 ACADEMY AVE
    Sewickley,PA15143     		NONE PC GENERAL SUPPORT 10,000
    BETHEL PARK FOOTBALL BOOSTERS
    301 CHURCH ROAD
    BETHEL PARK,PA15102     		NONE PC GENERAL SUPPORT 12,500
    GRACE LUTHERAN CHURCH
    6810 HILLDALE DR
    PITTSBURGH,PA15236     		NONE PC GENERAL SUPPORT 5,000
    WASHINGTON JAZZ SOCIETY
    405 CLUBHOUSE DR
    WASHINGTON,PA15301     		NONE PC GENERAL SUPPORT 1,000
    PA ARCHAEOLOGY AT CAL UPA
    250 UNIVERSITY AVE
    CALIFORNIA,PA15419     		NONE PC GENERAL SUPPORT 5,000
    Total .................................bullet 3a 711,500
    bApproved for future payment
    Total .................................bullet 3b  
    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 ...........     		         
    4 Dividends and interest from securities....     14 88,747  
    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.....       0  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 262,532  
    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)..   351,279  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    351,279
    (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 InvestmentsCorpBondsSchedule
    Name:
    SALVITTI FAMILY FOUNDATION IMA
    EIN:
    25-1755617
    Name of Bond End of Year Book Value End of Year Fair Market Value
    00817YAV0 AETNA INC CALL 04/15 100,098 105,215
    02079KAB3 ALPHABET INC UNSC 128,194 136,808
    037833BF6 APPLE INC UNSC 201,161 207,066
    06051GFZ7 BANK OF AMERICA CORP 96,832 101,790
    06747MQ58 BARCLAYS IEMG NOTE 1 100,000 134,190
    17324C3H7 CITIGROUP RTY FIXED 100,000 100,430
    369550AW8 GENERAL DYNAMICS COR 94,981 103,706
    40055QZR6 GOLDMAN SACHS SPX NO 100,000 130,600
    40056EDW5 GOLDMAN SACHS RLV NO 200,000 232,140
    48129MK54 JP MORGAN SPX NOTE 1 100,000 140,720
    548661CT2 LOWES COMPANIES INC 150,200 150,366
    61746BEA0 MORGAN STANLEY UNSC 100,617 100,620
    61746BED4 MORGAN STANLEY UNSC 148,515 152,961
    61768D7H2 MORGAN STANLEY SMID 100,000 116,270
    68389XBL8 ORACLE CORP CALL 07/ 200,657 210,300

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    SALVITTI FAMILY FOUNDATION IMA
    EIN:
    25-1755617
    Name of Stock End of Year Book Value End of Year Fair Market Value
    2824100 ABBOTT LABORATORIES IN 89,855 240,878
    23135106 AMAZON COM INC 82,315 227,985
    30420103 AMERICAN WATER WORKS 83,702 122,776
    37833100 APPLE INC 14,432 203,812
    60505104 BANK OF AMERICA CORP 90,740 121,240
    122017106 BURLINGTON STORES IN 57,373 117,698
    254687106 DISNEY WALT CO 81,746 126,826
    437076102 HOME DEPOT INC 37,974 159,372
    438516106 HONEYWELL INTL INC 107,229 170,160
    469814107 JACOBS ENGINEERING G 102,126 185,232
    478160104 JOHNSON & JOHNSON 86,394 94,428
    580135101 MCDONALD'S CORP 131,256 171,664
    594918104 MICROSOFT CORP 70,292 244,662
    631103108 NASDAQ INC 130,984 132,740
    713448108 PEPSICO INC 112,624 148,300
    717081103 PFIZER INC 93,103 92,025
    742718109 PROCTER & GAMBLE CO 103,371 153,054
    883556102 THERMO FISHER SCIENT 107,560 232,890
    922475108 VEEVA SYSTEMS INC-CL 134,200 136,125
    989207105 ZEBRA TECHNOLOGIES C 95,280 192,165
    34959E109 FORTINET INC 96,505 103,971
    00206R102 AT&T INC 72,612 69,024
    00507V109 ACTIVISION BLIZZARD 83,064 92,850
    00724F101 ADOBE INC 119,824 200,048
    02079K305 ALPHABET INC/CA-CL A 19,813 175,264
    03027X100 AMERICAN TOWER CORP 132,054 112,230
    09062X103 BIOGEN INC 102,487 85,701
    12514G108 CDW CORP/DE 128,057 197,685
    22160K105 COSTCO WHOLESALE COR 120,450 207,229
    22822V101 CROWN CASTLE INTL CO 78,523 79,595
    30225T102 EXTRA SPACE STORAGE 51,684 69,516
    30303M102 FACEBOOK INC 77,149 122,922
    46625H100 JPMORGAN CHASE & CO 66,179 127,070
    64110L106 NETFLIX INC 93,061 135,183
    65339F101 NEXTERA ENERGY INC 71,140 123,440
    78409V104 S&P GLOBAL INC 73,104 197,238
    91324P102 UNITEDHEALTH GROUP I 48,247 105,204
    92556V106 VIATRIS INC-W/I 5,132 5,809
    92826C839 VISA INC CLASS A SHA 25,046 218,730

    TY 2020 InvestmentsGovtObligationsSch
    Name:
    SALVITTI FAMILY FOUNDATION IMA
    EIN:
    25-1755617
    US Government Securities - End of Year Book Value:

    1,969,563
    US Government Securities - End of Year Fair Market Value:

    2,065,258
    State & Local Government Securities - End of Year Book Value:


     
    State & Local Government Securities - End of Year Fair Market Value:


     


    TY 2020 InvestmentsOtherSchedule2
    Name:
    SALVITTI FAMILY FOUNDATION IMA
    EIN:
    25-1755617
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    MUTUAL FUNDS - FIXED      
    MUTUAL FUNDS - EQUITY      
    464287507 ISHARES CORE S&P MID AT COST 28,714 114,915
    09250J734 BLACKROCK EVENT DRIV AT COST 50,000 51,126
    78463V107 SPDR GOLD TRUST ETF AT COST 201,547 321,048
    78468R622 SPDR BLOOMBERG BARCL AT COST 93,474 98,046

    TY 2020 OtherDecreasesSchedule
    Name:
    SALVITTI FAMILY FOUNDATION IMA
    EIN:
    25-1755617
    Description Amount
    ROUNDING ADJ FOR SALES AND TRANSACTIONS 4
    RETURN OF CAPITAL ADJUSTMENT 2,721
    2020 TRANSACTION POSTED IN 2021 5
    2020 SALES POSTED IN 2021 647
    WASH SALES ADJUSTMENT 389
    COST BASIS ADJUSTMENT 41


    TY 2020 OtherIncreasesSchedule
    Name:
    SALVITTI FAMILY FOUNDATION IMA
    EIN:
    25-1755617
    Description Amount
    ADJUSTMENT FOR BOND PREMIUM AMORTIZATION 33,114
    2020 TRANSACTION POSTED IN 2019 275,000


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    SALVITTI FAMILY FOUNDATION IMA
    EIN:
    25-1755617
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PNC AGENT FOR TRUSTEE FEES 46,927 46,927    
    NON-PNC CONSULTING FEES 6,250     6,250


    TY 2020 TaxesSchedule
    Name:
    SALVITTI FAMILY FOUNDATION IMA
    EIN:
    25-1755617
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 248 248   0
    FEDERAL TAX PAYMENT - PRIOR YE 637 0   0
    FEDERAL ESTIMATES - PRINCIPAL 6,626 0   0
    FOREIGN TAXES ON QUALIFIED FOR 96 96   0
    FOREIGN TAXES ON NONQUALIFIED 91 91   0