Form990-PF
Click to see attachment
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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. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 01-01-2021 , and ending 12-31-2021
Name of foundation
ALLEGHENY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)301 GRANT ST ONE OXFORD CTR STE3
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PITTSBURGH, PA152196401
A Employer identification number

25-6012303
B Telephone number (see instructions)

(412) 392-2900
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$609,594,784J 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 4,366 4,366  
4 Dividends and interest from securities... 7,407,188 7,449,827  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 46,990,955
b Gross sales price for all assets on line 6a 125,012,741
7 Capital gain net income (from Part IV, line 2)... 47,759,352
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)....... Click to see attachment 171,578 -10,192  
12 Total. Add lines 1 through 11........ 54,574,087 55,203,353  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 539,650 93,065   446,585
14 Other employee salaries and wages...... 177,310 12,135   165,175
15 Pension plans, employee benefits....... 299,965 43,847   254,979
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 37,583 5,515   32,068
c Other professional fees (attach schedule).... Click to see attachment 1,138,839 1,138,641   198
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 747,092 0   0
19 Depreciation (attach schedule) and depletion... 130,884 0  
20 Occupancy.............. 185,596 31,956   185,832
21 Travel, conferences, and meetings....... 266 0   266
22 Printing and publications.......... 365 0   365
23 Other expenses (attach schedule)....... Click to see attachment 89,115 11,449   79,963
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 3,346,665 1,336,608   1,165,431
25 Contributions, gifts, grants paid....... 22,357,000 26,962,000
26 Total expenses and disbursements. Add lines 24 and 25 25,703,665 1,336,608   28,127,431
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 28,870,422
b Net investment income (if negative, enter -0-) 53,866,745
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
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............. 29,183 29,401 29,401
2 Savings and temporary cash investments......... 24,598,189 25,112,330 25,112,330
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.......... 14,801 17,099 17,099
10a Investments—U.S. and state government obligations (attach schedule) 10,598,851 Click to see attachment7,529,024 8,529,622
b Investments—corporate stock (attach schedule)....... 136,070,109 Click to see attachment152,970,455 298,019,238
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 190,762,484 Click to see attachment200,769,199 277,231,042
14 Land, buildings, and equipment: basis bullet1,063,627
Less: accumulated depreciation (attach schedule) bullet516,030 675,027 547,597 547,597
15 Other assets (describe bullet) Click to see attachment25,547 Click to see attachment108,455 Click to see attachment108,455
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 362,774,191 387,083,560 609,594,784
Liabilities 17 Accounts payable and accrued expenses.......... 234,084 203,031
18 Grants payable................. 21,379,000 16,849,000
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)......... 21,613,084 17,052,031
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........... 341,161,107 370,031,529
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)..... 341,161,107 370,031,529
30 Total liabilities and net assets/fund balances (see instructions). 362,774,191 387,083,560
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
341,161,107
2
Enter amount from Part I, line 27a .....................
2
28,870,422
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
370,031,529
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
370,031,529
Form 990-PF (2021)
Form 990-PF (2021)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES   2021-01-01 2021-12-31
b PUBLICLY TRADED SECURITIES   1944-12-30 2021-01-25
c HAMILTON LANE MARKET STREET OPP FUND   2021-01-01 2021-12-31
d HAMILTON LANE MARKET STREET OPP FUND II   2021-01-01 2021-12-31
e GROSVENOR CUSTOMIZED INFRASTRUCTURE STRATEGIES III   2021-01-01 2021-12-31
CAPITAL GAINS DIVIDENDS P    
(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 122,848,657   77,253,232 45,595,425
b 1,400,309   157 1,400,152
c 190,396     190,396
d 68,429     68,429
e 138     138
504,812     504,812
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       45,595,425
b       1,400,152
c       190,396
d       68,429
e       138
      504,812
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 47,759,352
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  
Form 990-PF (2021)
Form 990-PF (2021)
Page 4
Part V
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 All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) 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........................... 3 748,748
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- ..... 5 748,748
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 856,455
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 856,455
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 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 10 107,707
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet107,707 RefundedBullet 11 0
Part VI-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
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
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 XIV..................................
    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 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    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 (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.SCAIFE.COM
    14
    The books are in care ofbulletALLEGHENY FOUNDATION Telephone no.bullet (412) 392-2900

    Located atbullet301 GRANT ST STE 3900PITTSBURGHPA ZIP+4bullet152196401
    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 2021, 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 VI-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? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
     
    No
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
    Yes
     
    (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)? ......................
    1a(5)
     
    No
    (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.) ...............
    1a(6)
     
    No
    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
    c
    ........bullet
    d
    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 2021? .............
    1d
     
    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 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    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? ..............................
    3a
    Yes
     
    b
    If "Yes," did it have excess business holdings in 2021 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 2021.) .....................
    3b
     
    No
    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 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-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))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    No
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    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
     
     
    c
    .........bullet
    d
    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? .................
    5d
     
     
    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? .............................
    6a
     
    No
    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?
    7a
     
    No
    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? .........................
    8
     
    No
    Part VII
    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
    MATTHEW A GROLL CHAIRMAN/TRUSTEE
    40.00     		381,650 68,636 0
    301 GRANT ST STE 3900
    PITTSBURGH,PA152196401
    LISA ORLANDO SECRETARY
    40.00     		138,000 33,000 0
    301 GRANT ST STE 3900
    PITTSBURGH,PA152196401
    JOANNE B BEYER TRUSTEE
    1.00     		16,000 0 0
    301 GRANT ST STE 3900
    PITTSBURGH,PA152196401
    MICHAEL W GLEBA TRUSTEE
    1.00     		4,000 0 0
    301 GRANT ST STE 3900
    PITTSBURGH,PA152196401
    JAMES ROHR TRUSTEE
    1.00     		0 0 0
    301 GRANT ST STE 3900
    PITTSBURGH,PA152196401
    PETER STEFPHAICH TRUSTEE
    1.00     		0 0 0
    301 GRANT ST STE 3900
    PITTSBURGH,PA152196401
    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
    NIKI DILLENBURG PROGRAM OFFICER
    32.00     		82,700 18,963 0
    301 GRANT ST STE 3900
    PITTSBURGH,PA152196401
    COLLEEN XENAKIS ACCOUNTANT
    20.00     		80,900 20,075 0
    301 GRANT ST STE 3900
    PITTSBURGH,PA152196401
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    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
    PNC FINANCIAL SERVICES GROUP FISCAL AGENT/ADMIN 364,947
    300 5TH AVENUE
    PITTSBURGH,PA15222
    EDGEWOOD MANAGEMENT LLC FUND MANAGEMENT 298,392
    600 STEAMBOAT ROAD SUITE 103
    GREENWICH,CT06830
    COVINGTON INVESTMENT ADVISORS FISCAL AGENT/ADMIN 247,660
    301 EAST MAIN STREET
    LIGONIER,PA15658
    EAGLE CAPITAL MANAGEMENT FUND MANAGEMENT 90,353
    499 PARK AVENUE 17TH FLOOR
    NEW YORK,NY10022
    HARDMAN JOHNSTON GLOBAL ADVISORS FUND MANAGEMENT 60,410
    300 ATLANTIC STREET STE 601
    STAMFORD,CT06901
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part VIII-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 VIII-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 (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    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
    583,225,009
    b
    Average of monthly cash balances.......................
    1b
    28,751
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    583,253,760
    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
    583,253,760
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    8,748,806
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    574,504,954
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    28,725,248
    Part X
    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 IX, line 6..................
    1
    28,725,248
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    748,748
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    748,748
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    27,976,500
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    75,000
    5
    Add lines 3 and 4............................
    5
    28,051,500
    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 XII, line 1 ...
    7
    28,051,500
    Part XI
    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
     
    b
    Program-related investments—total from Part VIII-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4.
    4
     
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 9
    Part XII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2020     		(c)
    2020     		(d)
    2021
    1 Distributable amount for 2021 from Part X, line 7 28,051,500
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016......  
    b From 2017......  
    c From 2018...... 230,210
    d From 2019......  
    e From 2020...... 38,521
    f Total of lines 3a through e ........ 268,731
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 28,130,378
    a Applied to 2020, 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 2021 distributable amount..... 28,051,500
    e Remaining amount distributed out of corpus 78,878
    5 Excess distributions carryover applied to 2021. 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 5 347,609
    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 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		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 2016 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		347,609
    10 Analysis of line 9:
    a Excess from 2017....  
    b Excess from 2018.... 230,210
    c Excess from 2019....  
    d Excess from 2020.... 38,521
    e Excess from 2021.... 78,878
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-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 2021, 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) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    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 IX, 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 XIV
    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 e-mail address of the person to whom applications should be addressed:
    MR MATTHEW A GROLL - ALLEGHENY FOUN
    ONE OXFORD CENTRE - 301 GRANT
    STREET SUITE 3900
    PITTSBURGH,PA152196401
    (412) 392-2900
    bThe form in which applications should be submitted and information and materials they should include:
    SEE GENERAL EXPLANATION STATEMENT
    cAny submission deadlines:
    SEE GENERAL EXPLANATION STATEMENT
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    SEE GENERAL EXPLANATION STATEMENT
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    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
    ACTON INSTITUTE FOR THE STUDY OF RELIGION AND LIBERTY
    98 E FULTON STREET
    GRAND RAPIDS,MI49503     		NONE PC PROGRAM SUPPORT 50,000
    ALLEGHENY INSTITUTE FOR PUBLIC POLICY
    305 MT LEBANON BOULEVARD SUITE 208
    PITTSBURGH,PA15234     		NONE PC GENERAL OPERATING SUPPORT 200,000
    AMERICAN LEGISLATIVE EXCHANGE COUNCIL
    2900 CRYSTAL DRIVE SUITE 600
    ARLINGTON,VA22202     		NONE PC PROGRAM SUPPORT 75,000
    ANDREW CARNEGIE FREE LIBRARY
    300 BEECHWOOD AVENUE
    CARNEGIE,PA151062699     		NONE PC CAPITAL SUPPORT 500,000
    ASHLAND UNIVERSITY (ASHBROOK CENTER AT ASHLAND UNIVERSITY)
    401 COLLEGE AVENUE
    ASHLAND,OH44805     		NONE PC PROGRAM SUPPORT 153,000
    ASTROBOTIC FOUNDATION (MOONSHOT MUSEUM)
    1016 N LINCOLN AVENUE
    PITTSBURGH,PA15233     		NONE PC CAPITAL SUPPORT 250,000
    BIG BROTHERS BIG SISTERS OF GREATER PITTSBURGH
    5989 CENTRE AVENUE SUITE 1
    PITTSBURGH,PA15206     		NONE PC GENERAL OPERATING SUPPORT 50,000
    BILL OF RIGHTS INSTITUTE
    1310 NORTH COURTHOUSE ROAD SUITE
    620
    ARLINGTON,VA22201     		NONE PC PROGRAM SUPPORT 100,000
    BOTTLE WORKS ETHNIC ARTS CENTER
    411 THIRD AVENUE
    JOHNSTOWN,PA15906     		NONE PC GENERAL OPERATING SUPPORT 50,000
    BOY SCOUTS OF AMERICA LAUREL HIGHLANDS COUNCIL
    1275 BEDFORD AVENUE
    PITTSBURGH,PA15219     		NONE PC GENERAL OPERATING SUPPORT AND PROGRAM SUPPORT 250,000
    BOY SCOUTS OF AMERICA WESTMORELAND-FAYETTE COUNCIL
    2 GARDEN CENTER DRIVE
    GREENSBURG,PA15601     		NONE PC GENERAL OPERATING SUPPORT AND CAPITAL SUPPORT 125,000
    BRANDYWINE CONSERVANCY & MUSEUM OF ART
    PO BOX 141
    CHADDS FORD,PA19317     		NONE PC PROGRAM SUPPORT AND CAPITAL SUPPORT 150,000
    CARNEGIE LIBRARY OF PITTSBURGH
    4400 FORBES AVENUE
    PITTSBURGH,PA15213     		NONE PC CAPITAL SUPPORT 250,000
    CARNEGIE MELLON UNIVERSITY
    5000 FORBES AVENUE
    PITTSBURGH,PA152133890     		NONE PC CAPITAL SUPPORT 6,000,000
    CATALYST ACADEMY CHARTER SCHOOL
    7061 LEMINGTON AVENUE
    PITTSBURGH,PA15206     		NONE PC GENERAL OPERATING SUPPORT AND CAPITAL SUPPORT 325,000
    CHILDREN'S MUSEUM OF PITTSBURGH
    10 CHILDRENS WAY
    PITTSBURGH,PA15212     		NONE PC GENERAL OPERATING SUPPORT AND CAPITAL SUPPORT 700,000
    CITY MISSION - LIVING STONES INC
    155 N GALLATIN AVENUE
    UNIONTOWN,PA154012989     		NONE PC PROJECT SUPPORT 100,000
    CIVIC LIGHT OPERA ASSOCIATION
    719 LIBERTY AVENUE
    PITTSBURGH,PA152223504     		NONE PC GENERAL OPERATING SUPPORT 75,000
    COMMONWEALTH FOUNDATION FOR PUBLIC POLICY ALTERNATIVES
    225 STATE STREET SUITE 302
    HARRISBURG,PA17101     		NONE PC GENERAL OPERATING SUPPORT 200,000
    COMMUNITY COLLEGE OF ALLEGHENY COUNTY
    800 ALLEGHENY AVENUE
    PITTSBURGH,PA15233     		NONE PC CAPITAL SUPPORT 1,700,000
    CROSSROADS FOUNDATION
    6901 LYNN WAY
    PITTSBURGH,PA15208     		NONE PC GENERAL OPERATING SUPPORT 100,000
    DOORS OPEN PITTSBURGH INC
    404 ALLENBERRY DRIVE
    PITTSBURGH,PA15237     		NONE PC GENERAL OPERATING SUPPORT 30,000
    DUQUESNE UNIVERSITY OF THE HOLY SPIRIT
    600 FORBES AVENUE
    PITTSBURGH,PA15282     		NONE PC CAPITAL SUPPORT 500,000
    EBT FOUNDATION INC
    421 MEADOW STREET
    ROCKHILL FURNACE,PA17249     		NONE PC PROJECT SUPPORT 100,000
    EDUCATION PARTNERSHIP THE
    281 CORLISS STREET
    PITTSBURGH,PA15220     		NONE PC PROGRAM SUPPORT 50,000
    EXTRA MILE EDUCATION FOUNDATION INC
    603 STANWIX STREET SUITE 348 TWO
    GATEWAY CENTER
    PITTSBURGH,PA152221423     		NONE PC PROGRAM SUPPORT 6,000
    EXTRA MILE EDUCATION FOUNDATION INC
    603 STANWIX STREET SUITE 348 TWO
    GATEWAY CENTER
    PITTSBURGH,PA152221423     		NONE PC GENERAL OPERATING SUPPORT 300,000
    FAIRNESS CENTER INC THE
    500 NORTH THIRD STREET SUITE 600B
    HARRISBURG,PA17101     		NONE PC GENERAL OPERATING SUPPORT 175,000
    FAMILY GUIDANCE INC
    850 CRANBERRY WOODS DRIVE SUITE
    2236
    CRANBERRY TOWNSHIP,PA16066     		NONE PC PROGRAM SUPPORT 150,000
    FAYETTE COUNTY COMMUNITY ACTION AGENCY INC
    108 N BEESON AVENUE
    UNIONTOWN,PA15401     		NONE PC PROGRAM SUPPORT 100,000
    FOUNDATION FOR CALIFORNIA UNIVERSITY OF PENNSYLVANIA
    250 UNIVERSITY AVENUE BOX 20
    CALIFORNIA,PA154191394     		NONE PC PROGRAM SUPPORT 130,000
    FOUNDATION FOR FREE ENTERPRISE EDUCATION
    3076 WEST 12TH STREET
    ERIE,PA16505     		NONE PC PROGRAM SUPPORT 25,000
    FRANKLIN NEWS FOUNDATION
    20 N CLARK STREET SUITE 3300
    CHICAGO,IL60602     		NONE PC PROJECT SUPPORT 150,000
    FRICK ART AND HISTORICAL CENTER INC
    7227 REYNOLDS STREET
    PITTSBURGH,PA15208     		NONE PC GENERAL OPERATING SUPPORT 150,000
    FRIENDSHIP CIRCLE OF PITTSBURGH INC THE
    1922 MURRAY AVENUE
    PITTSBURGH,PA15217     		NONE PC CAPITAL SUPPORT 250,000
    GEYER PERFORMING ARTS CENTER
    111 PITTSBURGH STREET
    SCOTTDALE,PA15683     		NONE PC CAPITAL SUPPORT 10,000
    GREATER PITTSBURGH COMMUNITY FOOD BANK
    1 NORTH LINDEN STREET
    DUQUESNE,PA15110     		NONE PC CAPITAL CAMPAIGN SUPPORT 1,000,000
    GROVE CITY COLLEGE (THE INSTITUTE FOR FAITH AND FREEDOM)
    100 CAMPUS DRIVE
    GROVE CITY,PA16127     		NONE PC GENERAL OPERATING SUPPORT 210,000
    GROW PITTSBURGH
    6587 HAMILTON AVENUE 2W
    PITTSBURGH,PA15206     		NONE PC PROGRAM SUPPORT 75,000
    HOLLOW OAK LAND TRUST INC
    PO BOX 741
    MOON TOWNSHIP,PA15108     		NONE PC CAPITAL SUPPORT 60,000
    HOSANNA HOUSE INC
    807 WALLACE AVENUE
    WILKINSBURG,PA15221     		NONE PC GENERAL OPERATING SUPPORT AND PROGRAM SUPPORT 450,000
    HUMANE SOCIETY OF WESTMORELAND COUNTY
    PO BOX 1552
    GREENSBURG,PA15601     		NONE PC GENERAL OPERATING SUPPORT 25,000
    IMANI CHRISTIAN ACADEMY
    2150 EAST HILLS DRIVE
    WILKINSBURG,PA15221     		NONE PC GENERAL OPERATING SUPPORT 250,000
    INDUSTRIAL ARTS WORKSHOP INC
    5476 DYKE STREET
    PITTSBURGH,PA15217     		NONE PC GENERAL OPERATING SUPPORT 50,000
    INTERCOLLEGIATE STUDIES INSTITUTE INC
    3901 CENTERVILLE ROAD
    WILMINGTON,DE198071938     		NONE PC PROJECT SUPPORT 125,000
    JUNIOR ACHIEVEMENT OF WESTERN PENNSYLVANIA INC
    90 EMERSON LANE SUITE 1403
    BRIDGEVILLE,PA15017     		NONE PC PROGRAM SUPPORT 100,000
    LENFEST INSTITUTE FOR JOURNALISM (SPOTLIGHT PA)
    801 MARKET STREET SUITE 300
    PHILADELPHIA,PA19107     		NONE PC PROJECT SUPPORT 150,000
    LINCOLN INSTITUTE OF PUBLIC OPINION RESEARCH INC
    5405 JONESTOWN ROAD SUITE 110
    HARRISBURG,PA17112     		NONE PC GENERAL OPERATING SUPPORT 65,000
    MARY AND ALEXANDER LAUGHLIN CHILDREN'S CENTER
    424 FREDERICK AVENUE
    SEWICKLEY,PA151431523     		NONE PC GENERAL OPERATING SUPPORT 75,000
    MOMENTUM ADVISORY COLLECTIVE (CAFE MOMENTUM PITTSBURGH)
    1510 PACIFIC AVENUE
    DALLAS,TX75201     		NONE PC GENERAL OPERATING SUPPORT 500,000
    MOUNT VERNON LADIES' ASSOCIATION OF THE UNION
    PO BOX 110
    MOUNT VERNON,VA22121     		NONE PC PROJECT SUPPORT 250,000
    MOUNTAIN WATERSHED ASSOCIATION
    PO BOX 408 1414-B INDIAN CREEK
    VALLEY ROAD
    MELCROFT,PA15462     		NONE PC PROJECT SUPPORT 75,000
    NATIONAL AVIARY IN PITTSBURGH INC
    700 ARCH STREET
    PITTSBURGH,PA15212     		NONE PC GENERAL OPERATING SUPPORT 150,000
    NATIONAL OPERA HOUSE
    1205 BOYLE STREET
    PITTSBURGH,PA15212     		NONE PC CAPITAL SUPPORT 550,000
    NAZARETH PREP
    8235 OHIO RIVER BOULEVARD
    PITTSBURGH,PA152021454     		NONE PC CAPITAL CAMPAIGN SUPPORT 750,000
    NEIGHBORHOOD ACADEMY THE
    709 NORTH AIKEN AVENUE
    PITTSBURGH,PA15206     		NONE PC GENERAL OPERATING SUPPORT 100,000
    OPERATION TROOP APPRECIATION
    1219 SCHWEITZER ROAD
    MCKEESPORT,PA15135     		NONE PC PROGRAM SUPPORT 25,000
    PENNSYLVANIA COALITION OF PUBLIC CHARTER SCHOOLS
    PO BOX 955
    HERSHEY,PA17033     		NONE PC GENERAL OPERATING SUPPORT 300,000
    PHILANTHROPY ROUNDTABLE
    1120 20TH STREET NW SUITE 550 SOUTH
    WASHINGTON,DC20036     		NONE PC PROJECT SUPPORT AND GENERAL OPERATING SUPPORT 50,000
    PITTSBURGH BALLET THEATRE INC
    2900 LIBERTY AVENUE
    PITTSBURGH,PA152011511     		NONE PC GENERAL OPERATING SUPPORT 100,000
    PITTSBURGH BOTANIC GARDEN
    799 PINKERTON RUN ROAD
    OAKDALE,PA15071     		NONE PC GENERAL OPERATING SUPPORT 150,000
    PITTSBURGH GLASS CENTER INC
    5472 PENN AVENUE
    PITTSBURGH,PA15206     		NONE PC CAPITAL CAMPAIGN SUPPORT 500,000
    PITTSBURGH IRISH AND CLASSICAL THEATRE INC
    PO BOX 8168
    PITTSBURGH,PA152170168     		NONE PC PROJECT SUPPORT 12,000
    PITTSBURGH MERCY HEALTH SYSTEM INC (OPERATION SAFETY NET)
    1200 REEDSDALE STREET
    PITTSBURGH,PA15233     		NONE PC GENERAL OPERATING SUPPORT 100,000
    PITTSBURGH OPERA INC
    2425 LIBERTY AVENUE
    PITTSBURGH,PA15222     		NONE PC GENERAL OPERATING SUPPORT 150,000
    PITTSBURGH PUBLIC THEATER CORPORATION
    621 PENN AVENUE
    PITTSBURGH,PA15222     		NONE PC GENERAL OPERATING SUPPORT 125,000
    PITTSBURGH SYMPHONY INC
    600 PENN AVENUE
    PITTSBURGH,PA15222     		NONE PC GENERAL OPERATING SUPPORT 100,000
    POINT PARK UNIVERSITY
    201 WOOD STREET
    PITTSBURGH,PA15222     		NONE PC CAPITAL SUPPORT 750,000
    PRESSLEY RIDGE
    5500 CORPORATE DRIVE SUITE 400
    PITTSBURGH,PA15237     		NONE PC CAPITAL SUPPORT 250,000
    PROPEL SCHOOLS FOUNDATION
    3447 EAST CARSON STREET
    PITTSBURGH,PA15203     		NONE PC PROGRAM SUPPORT 334,000
    READING IS FUNDAMENTAL PITTSBURGH
    10 CHILDRENS WAY SUITE 300
    PITTSBURGH,PA15212     		NONE PC GENERAL OPERATING SUPPORT 60,000
    REAL CLEAR FOUNDATION
    666 DUNDEE ROAD BUILDING 600
    NORTHBROOK,IL60062     		NONE PC PROGRAM SUPPORT 150,000
    RIVER CITY BRASS BAND BNY MELLON CENTER
    500 GRANT STREET SUITE 2720
    PITTSBURGH,PA15219     		NONE PC GENERAL OPERATING SUPPORT AND PROGRAM SUPPORT 200,000
    RIVERS OF STEEL HERITAGE CORPORATION
    623 EAST 8TH AVENUE
    HOMESTEAD,PA15120     		NONE PC CAPITAL SUPPORT 80,000
    ROBERT MORRIS UNIVERSITY
    6001 UNIVERSITY BOULEVARD
    MOON TOWNSHIP,PA15108     		NONE PC CAPITAL CAMPAIGN SUPPORT 1,500,000
    SAINT VINCENT COLLEGE
    300 FRASER PURCHASE ROAD
    LATROBE,PA15650     		NONE PC CAPITAL SUPPORT 1,500,000
    SALVATION ARMY THE WESTERN PENNSYLVANIA DIVISION
    700 NORTH BELL AVENUE PO BOX 742
    CARNEGIE,PA15106     		NONE PC PROGRAM SUPPORT 50,000
    SOUTHERN ALLEGHENIES MUSEUM OF ART
    112 FRANCISCAN WAY PO BOX 9
    LORETTO,PA15940     		NONE PC PROJECT SUPPORT 50,000
    ST BARNABAS CHARITIES
    5850 MERIDIAN ROAD
    GIBSONIA,PA15044     		NONE PC PROGRAM SUPPORT 50,000
    TRADE INSTITUTE OF PITTSBURGH
    7800 SUSQUEHANNA STREET
    PITTSBURGH,PA15208     		NONE PC GENERAL OPERATING SUPPORT 300,000
    TREE PITTSBURGH (FRIENDS OF THE PITTSBURGH URBAN FOREST)
    32 62ND STREET
    PITTSBURGH,PA15201     		NONE PC GENERAL OPERATING SUPPORT 125,000
    UNION MISSION OF LATROBE INC
    PO BOX 271 2217 HARRISON AVENUE
    LATROBE,PA15650     		NONE PC GENERAL OPERATING SUPPORT 145,000
    UPMC WESTERN BEHAVIORAL HEALTH AT MON YOUGH
    500 WALNUT STREET 3RD FLOOR
    MCKEESPORT,PA15132     		NONE PC PROGRAM SUPPORT 180,000
    WESTMORELAND COUNTY BLIND ASSOCIATION
    911 SOUTH MAIN STREET
    GREENSBURG,PA15601     		NONE PC CAPITAL SUPPORT 50,000
    WESTMORELAND COUNTY FOOD BANK INC
    100 DEVONSHIRE DRIVE
    DELMONT,PA156261607     		NONE PC PROGRAM SUPPORT 100,000
    WESTMORELAND CULTURAL TRUST
    102 NORTH MAIN STREET SUITE 232
    GREENSBURG,PA15601     		NONE PC GENERAL OPERATING SUPPORT 200,000
    WESTMORELAND LAND TRUST
    218 DONOHOE ROAD
    GREENSBURG,PA15601     		NONE PC GENERAL OPERATING SUPPORT 55,000
    WESTMORELAND MUSEUM OF ART
    221 NORTH MAIN STREET
    GREENSBURG,PA15601     		NONE PC GENERAL OPERATING SUPPORT 250,000
    WESTMORELAND SYMPHONY ORCHESTRA
    951 OLD SALEM ROAD
    GREENSBURG,PA15601     		NONE PC PROGRAM SUPPORT 27,000
    YOUNG AMERICA'S FOUNDATION
    11480 COMMERCE PARK DRIVE SIXTH
    FLOOR
    RESTON,VA20191     		NONE PC PROGRAM SUPPORT 280,000
    YOUNG PRESERVATIONISTS ASSOCIATION OF PITTSBURGH
    700 RIVER AVENUE SUITE 318
    PITTSBURGH,PA15212     		NONE PC GENERAL OPERATING SUPPORT AND PROJECT SUPPORT 125,000
    Total .................................bullet 3a 26,962,000
    bApproved for future payment
    ASHLAND UNIVERSITY (ASHBROOK CENTER AT ASHLAND UNIVERSITY)
    401 COLLEGE AVENUE
    ASHLAND,OH44805     		NONE PC PROGRAM SUPPORT 306,000
    CATALYST ACADEMY CHARTER SCHOOL
    7061 LEMINGTON AVENUE
    PITTSBURGH,PA15206     		NONE PC GENERAL OPERATING SUPPORT AND CAPITAL SUPPORT 125,000
    DOORS OPEN PITTSBURGH INC
    404 ALLENBERRY DRIVE
    PITTSBURGH,PA15237     		NONE PC GENERAL OPERATING SUPPORT 55,000
    EDUCATION PARTNERSHIP THE
    281 CORLISS STREET
    PITTSBURGH,PA15220     		NONE PC PROGRAM SUPPORT 100,000
    MOMENTUM ADVISORY COLLECTIVE (CAFE MOMENTUM PITTSBURGH)
    1510 PACIFIC AVENUE
    DALLAS,TX75201     		NONE PC GENERAL OPERATING SUPPORT 500,000
    PENNSYLVANIA COALITION OF PUBLIC CHARTER SCHOOLS
    PO BOX 955
    HERSHEY,PA17033     		NONE PC GENERAL OPERATING SUPPORT 300,000
    POINT PARK UNIVERSITY
    201 WOOD STREET
    PITTSBURGH,PA15222     		NONE PC CAPITAL SUPPORT 750,000
    PROPEL SCHOOLS FOUNDATION
    3447 EAST CARSON STREET
    PITTSBURGH,PA15203     		NONE PC PROGRAM SUPPORT 666,000
    READING IS FUNDAMENTAL PITTSBURGH
    10 CHILDRENS WAY SUITE 300
    PITTSBURGH,PA15212     		NONE PC GENERAL OPERATING SUPPORT 120,000
    UNION MISSION OF LATROBE INC
    PO BOX 271 2217 HARRISON AVENUE
    LATROBE,PA15650     		NONE PC GENERAL OPERATING SUPPORT 290,000
    WESTMORELAND LAND TRUST
    218 DONOHOE ROAD
    GREENSBURG,PA15601     		NONE PC GENERAL OPERATING SUPPORT 110,000
    YOUNG PRESERVATIONISTS ASSOCIATION OF PITTSBURGH
    700 RIVER AVENUE SUITE 318
    PITTSBURGH,PA15212     		NONE PC GENERAL OPERATING SUPPORT 200,000
    Total .................................bullet 3b 3,522,000
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments ....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 4,366  
    4 Dividends and interest from securities ....          
    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 46,990,955  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aOTHER REVENUE     		    01 72,026  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 0 54,574,087 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    54,574,087
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-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 XV-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 (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    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 (2021)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2021 AccountingFeesSchedule
    Name:
    ALLEGHENY FOUNDATION
    EIN:
    25-6012303
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    AUDIT, COMPILATION AND TAX 37,583 5,515   32,068

    TY 2021 GeneralExplanationAttachment
    Name:
    ALLEGHENY FOUNDATION
    EIN:
    25-6012303
    Identifier Return Reference Explanation
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
    EXPENSE ALLOCATIONS PART I, LINES 13 THROUGH 23 COMPENSATION OF OFFICERS, TRUSTEES, AND OTHER EMPLOYEES AS WELL AS THE RELATED EMPLOYEE BENEFITS ARE ALLOCATED BASED ON TIME SPENT IN CARRYING OUT THE FOUNDATION'S EXEMPT PURPOSE VERSUS TIME SPENT IN THE PRODUCTION OF INCOME. FOR ALL OTHER EXPENSES, IF THE EXPENSE CAN BE DIRECTLY ATTRIBUTABLE TO THE PRODUCTION OF INCOME OR CARRYING OUT THE FOUNDATION'S EXEMPT PURPOSE, THAT EXPENSE WILL BE ALLOCATED DIRECTLY TO THAT ACTIVITY. ALL OTHER EXPENSES NOT DIRECTLY ATTRIBUTABLE TO THE PRODUCTION OF INCOME OR CARRYING OUT THE FOUNDATION'S EXEMPT PURPOSE ARE ALLOCATED BASED ON THE SALARY ALLOCATION PREVIOUSLY DESCRIBED.
      FORM 990-PF - GENERAL EXPLANATION ATTACHMENT PART II, LINE 14, LAND, BUILDINGS, AND EQUIPMENT AND ACCUMULATED DEPRECIATIONDESCRIPTION:LEASEHOLD IMPROVEMENTS 746,901OFFICE EQUIPMENT & FURNITURE 316,726 ----------SUBTOTAL FIXED ASSETS 1,063,627 LESS: ACCUMULATED DEPRECIATION (516,030) ----------NET FIXED ASSETS 547,597

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    ALLEGHENY FOUNDATION
    EIN:
    25-6012303
    Name of Stock End of Year Book Value End of Year Fair Market Value
    1SPC PHARMACEUTICAL 40,630 35,234
    ABBOTT LABORATORIES 156,308 3,518,500
    ACCENTURE PLC F CLASS A 2,477,052 9,700,470
    ACTIVISION BLIZZARD 1,515,766 1,197,540
    ADOBE INC 684,123 1,503,276
    ADYEN NV-UNSPON ADR 32,186 100,384
    AERCAP HOLDINGS NV 129,942 183,830
    AIA GROUP LTD SPONSORED ADR 195,035 236,621
    AIR LIQUIDE ADR 16,321 28,280
    AIR PROD & CHEMICALS 3,093,053 4,309,843
    AIRBUS SE ADR 296,171 392,493
    AKAMAI TECHNOLOGIES 74,744 116,338
    ALBEMARLE CORP 93,932 217,172
    ALCON INC 33,934 47,045
    ALEXANDRIA REAL ESTATE EQUITIES INC 61,499 119,061
    ALFA LAVAL AB-UNSPON ADR 22,646 44,121
    ALIBABA HEALTH INFO-UNSP ADR 250,178 75,882
    ALIGN TECHNOLOGY INC 564,595 1,584,461
    ALKERMES PLC 138,295 108,857
    ALLIANZ SE - UNSP ADR 77,533 87,168
    ALPHABET INC. CLASS C 6,455,947 13,599,873
    ALPHABET INC/CA-CL C 1,036,666 1,568,326
    ALTRA INDUSTRIAL MOTION CORP 34,122 41,204
    AMAZON.COM INC 8,096,628 9,926,330
    AMBEV SA-SPN ADR 41,119 28,731
    AMERICAN CAMPUS CMNTYS INC 34,630 48,697
    AMERICAN EAGLE OUTFITTERS INC 27,108 38,360
    AMERICAN TOWER CORP 711,555 1,468,058
    AMPHENOL CORP NEW CL A 78,436 195,561
    ANTHEM INC 367,759 506,649
    AON PLC/IRELAND-A 435,877 613,142
    APPLE INC 3,027,871 13,619,619
    APPLIED MATERIALS INC 44,376 196,071
    APTIV PLC 242,740 376,911
    ARCH CAPITAL GROUP LTD 229,802 339,776
    ARISTA NETWORKS INC 81,705 216,775
    ARMSTRONG WORLD INDUSTRIE - WI 73,620 120,533
    ASML HOLDING NV-NY 176,850 380,555
    ASTRAZENECA PLC SPONS ADR 374,795 380,955
    ATLAS COPCO AB SPONSORED ADR 49,611 116,233
    ATLASSIAN CORP PLC-CLASS A 163,785 370,614
    ATMOS ENERGY CORP 92,146 97,646
    AVNET INC 92,453 94,417
    BANCO BILBAO VIZCAYA ARGENTARIA S A 50,201 37,239
    BANKUNITED INC 63,680 73,069
    BECTON DICKINSON&CO 2,031,387 3,394,980
    BELDEN INC 25,080 33,917
    BHP GROUP LTD SPONSORED ADR 85,301 67,652
    BLACK HILLS CORP 29,393 34,650
    BLACK KNIGHT INC 207,697 290,944
    BLACKROCK INC 2,235,533 5,818,384
    BORG WARNER INC. 85,723 88,202
    BOSTON PPTYS INC REIT 71,929 62,197
    BROADRIDGE FINANCIAL SOL W/I 104,705 107,315
    BROADRIDGE FINL SOLU 1,106,870 1,980,855
    BROOKFIELD ASSET MANAGEMENT CL A 83,317 190,439
    BROWN & BROWN INC 82,422 274,233
    BROWN FORMAN CORP CLASS B 366,394 3,518,701
    BUSINESS DEVELOPMENT CORPORATION OF AMERICA 989,975 729,228
    BWX TECHNOLOGIES INC 29,575 31,122
    CABOT CORP 18,547 24,278
    CACI INTL INC CL A 18,563 39,574
    CACTUS INC-CLASS A 33,254 43,468
    CAL MAINE FOODS INC NEW 16,625 15,240
    CALLAWAY GOLF CO 9,666 15,641
    CANADIAN NATL RAILWAY CO 18,075 30,224
    CANNAE HOLDINGS INC 219,648 217,473
    CAPITAL ONE FINANCIAL CORP 172,443 229,242
    CARLISLE COMPANIES INC 153,465 293,278
    CARMAX INC 98,390 231,419
    CARTERS INC 17,802 18,321
    CBRE GROUP INC 51,161 158,642
    CDW CORP/DE 61,000 217,886
    CF INDUSTRIES HOLDINGS INC 53,259 137,172
    CHARLES RIV LABORATORIES INTL INC 60,474 255,080
    CHECK POINT SOFTWARE TECH 59,279 63,991
    CHEVRON CORP 1,447,241 1,636,446
    CHIMERA INVESTMENT CORP NEW 49,860 58,525
    CHIPOTLE MEXICAN GRIL CL A 912,855 1,202,796
    CHUGAI PHARMACEUTIC-UNSP ADR 25,529 35,927
    CIRCOR INTERNATIONAL INC 21,455 16,118
    CITIGROUP INC 612,093 584,454
    CLARIVATE PLC 206,109 185,196
    CLEAN HARBORS INC 43,314 66,148
    CME GROUP INC A DERIVATIVIES EXCHANGE 774,656 1,293,312
    COGENT COMMUNICATIONS HOLDINGS INC 8,444 17,051
    COMCAST CORPORATION CL A 647,022 630,887
    CONOCOPHILLIPS 1,875,005 3,103,740
    CONTINENTAL RESOURCES INC/OK 69,711 66,737
    COPART INC 43,513 221,820
    CORPORATE OFFICE PPTYS TR REIT 26,176 22,907
    CORTEVA INC 804,907 1,552,344
    COSTCO WHOLESALE CO 1,641,070 3,122,350
    CROWN CASTLE INTL CO REIT 1,483,919 1,841,087
    CSX CORP 71,712 172,734
    CUMMINS INC 94,399 140,046
    D R HORTON INC 84,376 245,965
    DAIFUKU CO LTD - UNSP ADR 275,400 250,553
    DANAHER CORP 966,834 1,470,346
    DARDEN RESTAURANTS INC W I 96,202 187,246
    DASSAULT SYSTEMS SA SPON ADR 33,310 91,370
    DBS GROUP HLDGS LTD SPONSORED ADR 52,519 89,961
    DIAGEO PLC SPONSORED ADR 26,113 36,543
    DISH NETWORK CORP CL A 270,369 258,741
    DISNEY WALT CO 274,246 250,302
    DOLLAR TREE INC 216,558 354,954
    DORMAN PRODUCTS INC 28,417 31,078
    DUKE ENERGY CORP 491,659 2,412,700
    DYNEX CAPITAL INC 16,343 17,696
    EASTMAN CHEM CO 61,561 91,045
    ECOLAB INC 1,644,859 2,256,756
    EMCOR GROUP INC 26,160 39,618
    ENERGIZER SPINCO INC- W/I 16,444 15,599
    ENERPAC TOOL GROUP CORP 22,326 17,623
    ENN ENERGY HOLDINGS-UNSP ADR 25,038 29,817
    ENPRO INDUSTRIES INC 35,163 53,934
    ENVISTA HOLDINGS CORP 22,502 47,493
    EPIROC AKTIEBOLAG-UNSP ADR 21,005 55,128
    EQUINIX INC 531,522 1,162,184
    EQUINIX INC REIT 1,407,557 1,691,680
    ESSEX PPTY TR INC REIT 90,715 114,827
    EVOLUTION AB ADR 85,113 91,208
    EXLSERVICE HOLDINGS INC 13,665 37,785
    EXPEDITORS INTERNATIONAL WASHINGTON INC 51,565 129,993
    FACTSET RESH SYS INC 70,429 207,040
    FANUC CORP ADR 22,491 23,121
    FISERV INC 2,797,563 6,127,762
    FLEX LTD 94,791 131,005
    FOMENTO ECONOMICO MEXICANO SAB DE CV 44,380 40,798
    FUCHS PETROLUB SE-PREF ADR 13,450 11,680
    GARTNER INC 84,273 267,456
    GATES INDUSTRIAL CORP 35,231 33,316
    GATX CORP 64,018 94,709
    GENERAL ELEC CO 587,085 589,776
    GENERAL MOTORS CO 229,136 290,863
    GENMAB A/S -SP ADR 342,389 348,524
    GLACIER BANCORP INC 59,837 105,405
    GLOBAL PAYMENTS INC-W/I 84,202 128,691
    GOLDMAN SACHS GROUP INC 462,446 643,449
    GOODYEAR TIRE & RUBBER CO 17,648 31,745
    HAIER SMART HOME CO LTD-ADR 32,545 34,383
    HAIN CELESTIAL GROUP INC 8,094 15,766
    HANOVER INSURANCE GROUP INC 40,326 52,948
    HARMONIC INC 25,123 42,748
    HARSCO CORP 20,612 23,010
    HDFC BANK LTD SPON - ADR 19,599 29,542
    HELMERICH & PAYNE INC 24,638 18,344
    HESS CORPORATION 40,717 61,371
    HEXCEL CORP 28,895 29,526
    HILLENBRAND INC 11,829 19,912
    HILTON WORLDWIDE HLDGS - W/I 373,361 506,812
    HOME DEPOT INC 2,727,846 3,527,585
    HONEYWELL INTL INC 527,029 2,502,120
    HOSTESS BRANDS INC 58,909 80,067
    HUMANA INC 64,609 133,592
    HUNTINGTON INGALLS INDS INC 92,698 82,913
    HURON CONSULTING GROUP INC 26,676 31,038
    IAC/INTERACTIVECORP 78,410 81,824
    ICICI BANK LTD SPON ADR 211,272 409,059
    IDACORP INC 34,727 44,984
    IHS MARKIT LTD 65,670 204,564
    II-VI INC 2,365,896 2,186,560
    ILLINOIS TOOL WORKS 1,679,555 4,480,654
    ILLUMINA INC 3,013,856 3,706,246
    INFINEON TECHNOLOGIES ADR 37,000 96,922
    INGEVITY CORP 24,294 27,605
    INGREDION INC 47,483 57,597
    INNOSPEC INC 19,016 22,585
    INTEGRA LIFESCIENCES HLDG CORP 27,754 37,715
    INTERCONTINENTAL EXCHANGE INC 100,952 222,525
    INTUIT SOFTWARE 711,277 1,725,759
    INTUITIVE SURGICAL INC 372,371 1,442,590
    ITAU UNIBANCO BANCO HOLDING SPONSERED ADR 47,869 26,760
    ITT INC 26,919 65,913
    JOHNSON & JOHNSON 1,349,763 2,309,445
    JPMORGAN CHASE & CO 2,987,444 3,074,365
    KELLY SERVICES INC CLASS A 15,606 11,856
    KEYCORP NEW 71,439 93,885
    KOMATSU LTD SPON ADR 31,524 32,110
    KORN FERRY 25,960 54,677
    KUBOTA CORP SPON ADR 33,554 47,816
    L OREAL CO UNSPONSORED ADR 52,445 111,355
    LABORATORY CORP OF AMERICA HLDG 203,639 450,263
    LAUDER ESTEE COS INC CL A 531,633 1,373,442
    LIBERTY BROADBAND-C 899,167 1,086,620
    LILLY ELI & CO 1,126,550 3,769,022
    LINDE PLC 15,848 34,643
    LIVENT CORP 21,731 52,978
    LONZA GROUP AG UNSPON ADR 22,706 71,059
    LUKOIL PJSC-SPON ADR 47,797 50,647
    LUMENTUM HOLDINGS INC -W/I 36,734 39,029
    LVMH MOET HENNESSY LOUIS ADR 183,693 344,240
    LXP INDUSTRIAL TRUST 17,942 27,507
    LYONDELLBASELL INDUSTRIES N.V. 129,792 124,511
    MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC 7,264 29,519
    MADDEN STEVEN LTD 14,096 26,163
    MARKEL CORP (HOLDING CO) 200,488 250,502
    MARRIOTT INTERNATIONAL INC CL A 561,889 681,119
    MASCO CORP 51,411 106,383
    MASONITE INTERNATIONAL CORP SEDOL BCZM468 30,673 50,011
    MATCH GROUP INC 1,386,687 1,214,320
    MCDONALDS CORP 1,078,777 2,975,577
    MEITUAN UNSP ADR 203,649 155,509
    MELCO RESORTS ENTERTAIN LTD ADR 359,049 204,211
    META PLATFORMS INC 1,570,978 2,590,231
    MGIC INVT CORP WIS 26,575 35,891
    MGP INGREDIENTS INC 15,570 32,976
    MICROSOFT CORP 3,651,753 17,713,302
    MKS INSTRS INC 81,300 87,085
    MOELIS & CO 37,127 75,825
    MONDELEZ INTL CLASS A 60,877 1,326,200
    MORGAN STANLEY 487,705 624,494
    MURATA MFG CO LTD ADR UNSPON ADR 256,186 327,779
    MURPHY OIL CORP 54,411 48,225
    MURPHY USA INC-W/I 26,204 79,298
    NASPERS LTD ADR 75,903 59,489
    NESTLE S.A. SPONSORED ADR REPSTG REG SH 39,289 70,887
    NETFLIX INC 1,516,220 2,306,140
    NEWMARK GROUP INC-CLASS A 31,661 94,809
    NEXTERA ENERGY INC 215,720 4,668,000
    NIDEC CORPORATION SPON ADR 230,728 332,873
    NIKE INC CLASS B 1,622,130 3,717,741
    NITORI HLDGS CO LTD-UNSP ADR 32,949 31,533
    NMI HOLDINGS INC-CLASS A 26,017 27,684
    NORDIC SEMICONDUCTOR ASA-ADR SEDOL BNTZ3B8 173,546 205,715
    NORFOLK SOUTHERN CO 1,753,571 2,083,970
    NORTHERN TRUST CORP 66,760 87,794
    NOV INC 120,500 92,438
    NOVOZYMES A/S UNSPONSORED ADR 21,530 34,412
    NUVASIVE INC 20,866 21,517
    NVIDIA CORP 1,415,504 5,433,388
    O-I GLASS INC 31,362 26,598
    OMRON CORP SPON ADR 239,092 270,211
    ON SEMICONDUCTOR CORPORATION 58,590 271,816
    ONEOK INC NEW 66,397 79,796
    OXFORD INDUSTRIES INC 13,290 23,451
    PACCAR INC 174,547 178,020
    PACWEST BANCORP 45,166 52,352
    PAYPAL HOLDINGS INCORPOR 2,047,555 1,885,800
    PAYPAL HOLDINGS INC-W/I 810,956 1,707,780
    PDC ENERGY INC 20,904 39,317
    PERFORMANCE FOOD GROUP CO 17,356 17,530
    PERUSAHAAN PERSEROAN PERSERO 32,610 36,788
    PING AN INSURANCE (GROUP) CO OF CHINA 36,628 23,933
    PINNACLE FINANCIAL 146,614 182,883
    PNC FINL SERVICES 3,998,695 7,060,309
    PORTLAND GENERAL ELECTRIC CO 61,489 81,021
    PRESTIGE CONSUMER HEALTHCARE INC 32,813 55,313
    PROCTER & GAMBLE 1,019,175 2,617,280
    PROGRESSIVE CORP OHIO 236,391 368,000
    PROLOGIS INC. REIT 711,443 1,878,898
    PROSUS NV -SPON ADR SEDOL BKT6LC7 354,883 325,307
    PRYSMIAN SPA-UNSPONSOREE ADR 235,717 339,618
    PUMA SE - UNSPONSORED ADR 302,975 387,627
    RACKSPACE TECHNOLOGY INC 63,121 41,541
    RAYMOND JAMES FINANCIAL INC 64,987 131,323
    RAYTHEON TECHNOLOGIES CO 1,828,852 3,989,053
    REGAL REXNORD CORPORATION 70,615 114,191
    REINSURANCE GROUP OF AMERICA 93,775 78,395
    RENAISSANCE HOLDINGS LTD 80,421 96,010
    RIO TINTO PLC SPONSORED ADR 39,815 50,473
    ROCHE HOLDING LTD SPONSORED ADR 55,133 87,821
    ROGERS CORP 38,144 73,164
    ROSS STORES INC 126,415 198,733
    ROYAL CARIBBEAN CRUISES LTD 107,698 87,743
    ROYAL DUTCH SHELL PLC ADR B 40,208 38,365
    S&P GLOBAL INC 3,527,054 6,883,571
    SABRE CORP 134,394 74,304
    SAFRAN SA UNSPON ADR 583,892 554,597
    SALESFORCE COM 1,569,576 5,908,523
    SAP SE SPONSORED ADR 57,189 78,742
    SCHNEIDER ELECTRIC SE 43,758 89,007
    SEA LTD-ADR 233,849 185,232
    SEALED AIR CORP 90,310 139,528
    SELECT ENERGY SERVICES INC-A 13,050 6,367
    SGS S.A. UNSPONSORED ADR 21,876 28,274
    SHIONOGI & CO LTD-UNSPON A ADR 35,327 44,692
    SILGAN HLDGS INC 16,381 23,305
    SNAP INC - A 1,155,118 1,841,177
    SNAP ON INC 74,605 101,659
    SONOCO PRODUCTS CO 81,025 84,751
    SONOVA HLDG AG ADR 13,261 35,884
    SPECTRUM BRANDS HLDGS INC 23,277 32,957
    SPIRE INC 26,141 23,284
    SPX FLOW INC 29,825 43,413
    STANDEX INTERNATIONAL CORP 37,106 42,604
    STARBUCKS CORP 1,558,171 3,275,160
    STERLING BANCORP 166,962 192,961
    STIFEL FINL CORP 67,995 144,713
    SWITCH INC - A 121,357 190,112
    SYMRISE AG UNSPON ADR 23,232 48,821
    SYNOPSYS INC 43,092 221,469
    SYSCO CORP 86,701 120,260
    SYSMEX CORP UNSPONSORED ADR 26,014 55,842
    TAIWAN SEMICONDUCTOR MTG CO ADR 402,698 474,382
    TAIWAN SEMICONDUCTR F SPONSORED ADR 1,838,208 2,285,890
    TEGNA INC 30,243 46,010
    TENCENT HOLDINGS LTD UNSPON ADR 75,308 83,486
    TEXAS INSTRUMENTS 1,295,243 2,195,676
    THE BANK OF N T BUTTERFIELD SEDOL BD8FF02 51,073 58,842
    THE COCA-COLA CO 332,693 2,368,400
    THE SCOTTS MIRACLE-GRO COMPANY 65,055 124,614
    THERMO FISHER SCNTFC 2,338,315 7,946,828
    TJX COMPANIES INC NEW 80,801 159,888
    TORONTO-DOMINION BK F 1,013,133 1,763,640
    TREEHOUSE FOODS INC 57,457 50,338
    UMPQUA HLDGS C 47,906 64,492
    UNI CHARM CORP SPON ADR 42,933 55,708
    UNILEVER PLC W/I SPONSORED ADR 36,222 38,083
    UNITEDHEALTH GROUP INC 468,209 669,855
    UNITEDHEALTH GRP INC 1,583,369 4,275,722
    UNIVEST FINANCIAL CORP 32,927 35,216
    URBAN OUTFITTERS INC 29,545 27,275
    VALVOLINE INC 19,971 36,693
    VERIZON COMMUNICATN 972,178 1,766,640
    VIAVI SOLUTIONS INC -W/I 38,944 63,185
    VISA INC CLASS A 6,750,516 7,561,012
    VISA INC CLASS A SHARES 1,249,092 2,168,184
    VISTA OUTDOOR INC-WI 4,552 24,187
    VONTIER CORP-W/I 136,417 148,303
    WALMART INC 1,933,494 2,749,110
    WALT DISNEY CO 4,126,402 5,632,575
    WATSCO INC 2,026,283 3,904,742
    WEC ENERGY GROUP INC 78,848 116,387
    WELLS FARGO & COMPANY 256,201 420,785
    WESTERN ALLIANCE BANCORP 28,927 84,721
    WILLIS TOWERS WATSON PLC SEDOL BDB6Q21 204,443 215,166
    WINTRUST FINL CORP 65,262 72,202
    WOODWARD INC 97,895 91,071
    WR BERKLEY CORP 79,097 142,699
    WUXI BIOLOGICS CAYMAN - ADR 169,430 273,076
    XILINX INC 21,938 82,692
    XP INC - CLASS A 6,752 4,713
    YANDEX INV A 9,471 21,284

    TY 2021 InvestmentsGovtObligationsSch
    Name:
    ALLEGHENY FOUNDATION
    EIN:
    25-6012303
    US Government Securities - End of Year Book Value:

    7,529,024
    US Government Securities - End of Year Fair Market Value:

    8,529,622
    State & Local Government Securities - End of Year Book Value:


    0
    State & Local Government Securities - End of Year Fair Market Value:


    0


    TY 2021 InvestmentsOtherSchedule2
    Name:
    ALLEGHENY FOUNDATION
    EIN:
    25-6012303
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    BLACKROCK EVENT DRIVEN EQ-IS FMV 8,530,000 9,033,336
    EV GL MACR ABS RTRN ADV FUND CLASS R6 FMV 4,903,122 4,832,360
    GCM GROSVENOR CIS III, L.P. FMV 279,603 276,235
    GLDMN SCHS ABS RTRN TR FUND CLASS R6 FMV 2,000,000 2,007,905
    GLOBAL X AGING POPULATION ETF FMV 688,009 640,754
    GLOBAL X AUTONOMOUS&ELEC-E ETF FMV 1,033,031 1,118,650
    GLOBAL X CYBERSECURITY ETF FMV 1,030,463 1,113,125
    GLOBAL X FINTECH THEMATIC ET ETF FMV 1,013,941 1,556,086
    GLOBAL X GENOMICS & BIOTEC ETF FMV 605,021 725,081
    GLOBAL X INTERNET OF THINGS ETF FMV 1,228,805 2,461,554
    GLOBAL X LITHIUM & BATTERY TECH ETF FMV 880,607 2,658,678
    GLOBAL X ROBOTICS & ARTIFI ETF FMV 1,303,126 2,288,947
    GLOBAL X SOCIAL MEDIA INDEX ETF FMV 730,530 1,293,208
    GLOBAL X US INFRASTRUCTURE ETF FMV 1,713,842 1,926,281
    HAMILTON LANE MARKET STREET OPPORTUNITIES FUND II LP FMV 1,434,499 1,584,905
    HAMILTON LANE MARKET STREET OPPORTUNITIES FUND LP FMV 1,533,296 2,377,296
    HERCULES CAPITAL INC FMV 42,401 50,118
    INDUSTRIAL SELECT SECTOR SPDR FUND ETF FMV 2,703,519 2,765,344
    INVESCO WATER RESOURCES ETF FMV 696,581 1,374,741
    ISHARES CORE MSCI EAFE ETF ETF FMV 15,168,627 18,506,988
    ISHARES GOLD TRUST ETF FMV 5,367,922 5,168,171
    ISHARES RUSSELL 1000 GROWTH ETF FMV 8,454,384 25,797,908
    ISHARES RUSSELL 1000 VALUE ETF FMV 17,967,600 28,801,674
    ISHARES RUSSELL MID-CAP GROWTH ETF FMV 2,528,075 5,947,656
    ISHARES SELECT DIVIDEND ETF FMV 10,616,978 10,901,316
    ISHARES TIPS BOND ETF FMV 3,395,055 3,464,369
    MATERIALS SELECT SECTOR SPDR FUND ETF FMV 4,640,861 5,721,025
    PACIFIC FUNDS FLOATING RATE INCOME FMV 7,690,000 7,692,051
    PGIM HIGH YIELD FUND CLASS R6 FMV 3,900,000 3,864,801
    SPDR MSCI ACWI (EX-US) ETF FMV 21,097,757 21,295,239
    SPDR S&P HOMEBUILDERS ETF FMV 1,055,290 1,752,914
    TECHNOLOGY SELECT SECTOR SPDR FUND ETF FMV 1,268,700 3,274,841
    VANGUARD INTERMEDIATE TERM COR ETF FMV 223,428 241,003
    VANGUARD LARGE CAP ETF FMV 13,883,143 31,770,962
    VANGUARD SMALL CAP GROWTH ETF FMV 6,071,400 12,528,947
    VANGUARD TOTAL BOND MARKET ETF FMV 36,391,491 38,170,893
    WISDOMTREE U.S. QUALITY DIVI ETF FMV 8,698,092 12,245,680

    TY 2021 OtherAssetsSchedule
    Name:
    ALLEGHENY FOUNDATION
    EIN:
    25-6012303
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    PREPAID TAXES 25,547 108,455 108,455


    TY 2021 OtherExpensesSchedule
    Name:
    ALLEGHENY FOUNDATION
    EIN:
    25-6012303
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    DUES & SUBSCRIPTIONS 5,925 0   5,925
    INSURANCE 38,349 5,964   34,683
    OFFICE EXPENSE 17,174 2,518   14,655
    COMPUTER MAINTENANCE 16,007 2,349   13,658
    TELEPHONE 4,213 618   3,595
    GRANT MANAGEMENT SOFTWARE 7,447 0   7,447


    TY 2021 OtherIncomeSchedule2
    Name:
    ALLEGHENY FOUNDATION
    EIN:
    25-6012303
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    HAMILTON LANE MARKET STREET OPP FUND 116,402 -23,025 116,402
    HAMILTON LANE MARKET STREET OPP FUND II 3,547 -39,860 3,547
    GCM GROSVENOR -20,397 -19,333 -20,397
    OTHER REVENUE 72,026 72,026 72,026


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    ALLEGHENY FOUNDATION
    EIN:
    25-6012303
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FISCAL AGENT FEE 1,124,391 1,124,391   0
    CONSULTING FEES 14,448 14,250   198


    TY 2021 TaxesSchedule
    Name:
    ALLEGHENY FOUNDATION
    EIN:
    25-6012303
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL EXCISE TAX 747,092 0   0