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. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 01-01-2021 , and ending 12-31-2021
Name of foundation
ITTLESON FOUNDATION INC
C/O BESSEMER TRUST COMPANY NA
Number and street (or P.O. box number if mail is not delivered to street address)1271 AVE OF THE AMERICAS 42 FL
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NEW YORK, NY10020
A Employer identification number

51-0172757
B Telephone number (see instructions)

(516) 508-9623
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$13,808,508J 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... 141,454 141,148  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 881,590
b Gross sales price for all assets on line 6a 4,351,589
7 Capital gain net income (from Part IV, line 2)... 881,590
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 1,023,044 1,022,738  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 184,000 84,000   100,000
14 Other employee salaries and wages...... 87,910 0   87,910
15 Pension plans, employee benefits....... 150,854 0   150,854
16a Legal fees (attach schedule)......... Click to see attachment 2,170 0   2,170
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 36,515 24,015   12,500
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 395 106   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 78,704 0   78,704
21 Travel, conferences, and meetings....... 3,585 0   3,585
22 Printing and publications.......... 20 0   20
23 Other expenses (attach schedule)....... Click to see attachment 41,704 0   41,704
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 585,857 108,121   477,447
25 Contributions, gifts, grants paid....... 409,000 409,000
26 Total expenses and disbursements. Add lines 24 and 25 994,857 108,121   886,447
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 28,187
b Net investment income (if negative, enter -0-) 914,617
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.............      
2 Savings and temporary cash investments......... 38,763 590,137 590,137
3 Accounts receivable bullet224
Less: allowance for doubtful accounts bullet     224 224
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 1,777,269 Click to see attachment1,404,471 1,426,269
b Investments—corporate stock (attach schedule)....... 5,394,679 Click to see attachment5,251,316 8,823,024
c Investments—corporate bonds (attach schedule)....... 1,320,629 Click to see attachment1,298,603 1,289,234
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 1,169,136 Click to see attachment1,169,136 1,589,620
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment90,000 Click to see attachment90,000 Click to see attachment90,000
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 9,790,476 9,803,887 13,808,508
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable................. 110,000 95,000
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)......... 110,000 95,000
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........ 7,831,911 7,831,911
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 1,848,565 1,876,976
29 Total net assets or fund balances (see instructions)..... 9,680,476 9,708,887
30 Total liabilities and net assets/fund balances (see instructions). 9,790,476 9,803,887
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
9,680,476
2
Enter amount from Part I, line 27a .....................
2
28,187
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
224
4
Add lines 1, 2, and 3 ..........................
4
9,708,887
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
9,708,887
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 P    
b PUBLICLY TRADED SECURITIES P    
c PUBLICLY TRADED SECURITIES P    
d PUBLICLY TRADED SECURITIES P    
e 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 1,470,423   940,368 530,055
b 288,427   293,082 -4,655
c 869,469   844,976 24,493
d 1,377,120   1,391,573 -14,453
e 346,150     346,150
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       530,055
b       -4,655
c       24,493
d       -14,453
e       346,150
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 2 881,590
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 12,713
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 12,713
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 4,658
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 10,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 14,658
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 1,945
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet1,945 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
 
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 XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletNY
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 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.ittlesonfoundation.org
    14
    The books are in care ofbulletBESSEMER TRUST Telephone no.bullet (516) 508-9623

    Located atbullet1271 AVENUE OF THE AMERICAS 42 FLNEW YORKNY ZIP+4bullet10020
    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
     
    No
    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
     
     
    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
    H ANTHONY ITTLESON CHAIRMAN & PRESIDENT
    10.00     		0 0 0
    C/O BESSEMER TRUST 1271 AVE OF THE
    AMERICAS 42 FL
    NEW YORK,NY10020
    PAMELA L SYRMIS VICE PRESIDENT
    1.00     		0 0 0
    C/O BESSEMER TRUST 1271 AVE OF THE
    AMERICAS 42 FL
    NEW YORK,NY10020
    VICTOR TALBOT DIRECTOR
    1.00     		0 0 0
    C/O BESSEMER TRUST 1271 AVE OF THE
    AMERICAS 42 FL
    NEW YORK,NY10020
    PHILIP ITTLESON DIRECTOR
    1.00     		0 0 0
    C/O BESSEMER TRUST 1271 AVE OF THE
    AMERICAS 42 FL
    NEW YORK,NY10020
    CHRISTINA ITTLESON SMITH DIRECTOR
    1.00     		0 0 0
    C/O BESSEMER TRUST 1271 AVE OF THE
    AMERICAS 42 FL
    NEW YORK,NY10020
    ANTHONY C WOOD SECRETARY/EXEC DIRECTOR
    35.00     		184,000 26,000 0
    ITTLESON FDN 15 EAST 67TH STREET
    NEW YORK,NY10021
    HENRY DAVISON II TREASURER
    1.00     		0 0 0
    C/O BESSEMER TRUST 1271 AVE OF THE
    AMERICAS 42 FL
    NEW YORK,NY10020
    STEPHANIE ITTLESON DIRECTOR
    1.00     		0 0 0
    C/O BESSEMER TRUST 1271 AVE OF THE
    AMERICAS 42 FL
    NEW YORK,NY10020
    ANDREW AUCHINCLOSS DIRECTOR
    1.00     		0 0 0
    C/O BESSEMER TRUST 1271 AVE OF THE
    AMERICAS 42 FL
    NEW YORK,NY10020
    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
    MAUREEN M BRACKEN EMPLOYEE
    35.00     		80,910 12,090 0
    ITTLESON FD 15 E 67TH ST
    NEW YORK,NY10021
    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
    NONE
    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
    13,567,418
    b
    Average of monthly cash balances.......................
    1b
    103,589
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    13,671,007
    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
    13,671,007
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    205,065
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    13,465,942
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    673,297
    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
    673,297
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    12,713
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    12,713
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    660,584
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    660,584
    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
    660,584
    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 7 660,584
    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...... 238,518
    b From 2017...... 223,617
    c From 2018...... 210,299
    d From 2019...... 298,347
    e From 2020...... 305,984
    f Total of lines 3a through e ........ 1,276,765
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 886,447
    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..... 660,584
    e Remaining amount distributed out of corpus 225,863
    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 1,502,628
    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) ...     		238,518
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		1,264,110
    10 Analysis of line 9:
    a Excess from 2017.... 223,617
    b Excess from 2018.... 210,299
    c Excess from 2019.... 298,347
    d Excess from 2020.... 305,984
    e Excess from 2021.... 225,863
    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:
    ANTHONY C WOOD ITTLESON FOUNDATION
    15 EAST 67 STREET
    NEW YORK,NY10021
    (212) 794-2008
    bThe form in which applications should be submitted and information and materials they should include:
    BRIEF STATEMENT OF PROJECT, BUDGET, ANNUAL REPORT AND IRS SECTION 501(c)(3) RULING
    cAny submission deadlines:
    INITIAL LETTERS OF INQUIRY MUST BE RECEIVED BEFORE SEPTEMBER 1.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NO GRANTS MADE TO INDIVIDUALS,PROGRAMS OUTSIDE THE UNITED STATES OF AMERICA, FELLOWSHIPS OR GRANTS-IN-AID.
    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
    ATHLETES UNITED FOR SOCIAL JUSTICE - GRASSROOTS PROJECT
    740 15TH STREET NW 3RD FLOOR
    WASHINGTON,DC200051033     		NONE EXEMPT GENERAL EXEMPT PURPOSES 20,000
    ALIA - BRIGHT SPOTS PROJECT
    1000 UNIVERSITY AVENUE SUITE 230
    ST PAUL,MN55104     		NONE EXEMPT GENERAL EXEMPT PURPOSES 20,000
    CANDID - MEMBERSHIP GRANT
    32 OLD SLIP 24TH FLOOR
    NEW YORK,NY10005     		NONE EXEMPT GENERAL EXEMPT PURPOSES 2,000
    DRAYTON HALL PRESERVATION
    3380 ASHLEY RIVER ROAD
    CHARLESTON,SC29414     		NONE EXEMPT GENERAL EXEMPT PURPOSES 7,500
    EARTH ISLAND INSTITUTE
    2150 ALLSTON WAY SUITE 460
    BERKELEY,CA94704     		NONE EXEMPT GENERAL EXEMPT PURPOSES 15,000
    ENERGY ACTION NETWORK
    17 STATE STREET SUITE 205
    MONTPELIER,VT05602     		NONE EXEMPT GENERAL EXEMPT PURPOSES 20,000
    ENVIRONMENTAL GRANTMAKERS - MEMBERSHIP GRANT
    475 RIVERSIDE DRIVE SUITE 960
    NEW YORK,NY10115     		NONE EXEMPT GENERAL EXEMPT PURPOSES 2,100
    ENVIRONMENTAL ADVOCATES OF NEW YORK
    3253 HAMILTON STREET
    ALBANY,NY12210     		NONE EXEMPT GENERAL EXEMPT PURPOSES 25,000
    FUNDERS CONCERNED ABOUT AIDS - MEMBERSHIP GRANT
    1100 CANNECTICUT AVENUE NW SUITE
    1100
    WASHINGTON,DC20036     		NONE EXEMPT GENERAL EXEMPT PURPOSES 500
    HISTORIC DISTRICTS COUNCIL
    232 EAST 11TH STREET
    NEW YORK,NY10003     		NONE EXEMPT GENERAL EXEMPT PURPOSES 1,000
    HORTICULTURAL SOCIETY OF NEW YORK
    148 WEST 37TH STREET 13TH FLOOR
    NEW YORK,NY10018     		NONE EXEMPT GENERAL EXEMPT PURPOSES 25,000
    L&J EMPOWERMENT - THE CONFESS PROJECT
    701 7TH STREET SUITE 204
    LITTLE ROCK,AR72201     		NONE EXEMPT GENERAL EXEMPT PURPOSES 25,000
    MEMORIAL SLOAN KETTERING CANCER CENTER
    1275 YORK AVENUE
    NEW YORK,NY10065     		NONE EXEMPT GENERAL EXEMPT PURPOSES 83,000
    NEW YORK PRESERVATION ARCHIVE
    174 E 80TH STREET
    NEW YORK,NY10075     		NONE EXEMPT GENERAL EXEMPT PURPOSES 15,000
    PHILANTHROPY NEW YORK - MEMBERSHIP GRANT
    320 E 43RD STREET
    NEW YORK,NY10017     		NONE EXEMPT GENERAL EXEMPT PURPOSES 1,400
    UPSTREAM POLICY INSTITUTE
    PO BOX 1352
    DAMARISCOTTA,ME04543     		NONE EXEMPT GENERAL EXEMPT PURPOSES 10,000
    WATERKEEPER ALLIANCE
    180 MAIDEN LANE SUITE 603
    NEW YORK,NY10038     		NONE EXEMPT GENERAL EXEMPT PURPOSES 25,000
    RESOURCE RENEWAL INSTITUTE
    187 E BLITHEDALE AVE
    MILL VALLEY,CA94941     		NONE EXEMPT GENERAL EXEMPT PURPOSES 35,000
    SCENIC AMERICA
    727 15TH STREET NW SUITE 1100
    WASHINGTON,DC20005     		NONE EXEMPT GENERAL EXEMPT PURPOSES 30,000
    SOUND MIND LIVE
    86 4TH PLACE SUITE 3
    BROOKLYN,NY11231     		NONE EXEMPT GENERAL EXEMPT PURPOSES 15,000
    SUSTAINABLILITY MATTERS
    822 SWOVER CREEK ROAD
    EDINBURG,VA22824     		NONE EXEMPT GENERAL EXEMPT PURPOSES 30,000
    SC ARCHIVES & HISTORY FOUNDATION
    8301 PARKLANE ROAD
    COLUMBIA,SC29223     		NONE EXEMPT GENERAL EXEMPT PURPOSES 1,500
    Total .................................bullet 3a 409,000
    bApproved for future payment
    Total .................................bullet 3b 0
    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 ...........     		         
    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 ............     		    18 881,590  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 0 1,023,044 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,023,044
    (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 InvestmentsCorpBondsSchedule
    Name:
    ITTLESON FOUNDATION INC
     
    C/O BESSEMER TRUST COMPANY NA
    EIN:
    51-0172757
    Name of Bond End of Year Book Value End of Year Fair Market Value
    30000.00 CHEVRON CORP 29,787 29,402
    25000.00 ANTHEM INC 26,727 27,439
    30000.00 GEORGIA POWER CO 29,993 30,549
    25000.00 HCA INC 26,717 26,895
    29000.00 HP ENTERPRISE CO 30,176 29,989
    30000.00 AMAZON.COM INC 14,997 14,988
    28000.00 MASTERCARD INC 31,764 30,667
    30000.00 WASTE MANAGEMENT INC 29,924 28,605
    25000.00 SAN DIEGO G & E 26,253 25,911
    30000.00 CHURCH & DWIGHT CO INC 30,896 31,867
    30000.00 ABBVIE INC 32,595 31,881
    25000.00 SOUTHWEST AIRLINES CO 28,749 28,614
    16000.00 ENTERGY LOUISIANA LLC 15,997 15,874
    30000.00 VERIZON COMMUNICATIONS 30,333 28,394
    25000.00 BLACKROCK 24,777 24,809
    30000.00 GOLDMAN SACHS GROUP INC 30,000 29,926
    30000.00 D.R. HORTON INC 29,903 29,034
    30000.00 BROADCOM CRP / CAYMN FI 33,533 32,808
    25000.00 ESTEE LAUDER CO INC 27,194 25,917
    30000.00 CONSTELLATION BRANDS INC 32,816 31,604
    27000.00 JPMORGAN CHASE & CO 27,138 28,526
    30000.00 LOWE'S COS INC 30,065 30,062
    30000.00 JABIL INC 31,084 30,793
    30000.00 INTERCONTINENTALEXCHANGE 29,970 29,974
    30000.00 NUCOR CORP 30,502 30,482
    30000.00 VERISK ANALYTICS INC 33,060 32,297
    25000.00 MORGAN STANLEY 25,065 24,660
    27000.00 COMCAST CORP 28,767 27,920
    35000.00 APPLE INC 34,696 37,019
    30000.00 AIR LEASE CORP 29,818 29,403
    47000.00 GENERAL MOTORS FINL CO 51,545 50,462
    25000.00 CITIGROUP INC 26,381 26,964
    24000.00 UNION PACIFIC CORP 27,823 26,940
    25000.00 BP CAP MARKETS AMERICA 28,268 27,750
    25000.00 PUBLIC STORAGE 25,062 24,960
    30000.00 PAYPAL HOLDINGS INC 30,567 30,370
    30000.00 TEXAS INSTRUMENTS INC 29,955 30,155
    25000.00 CIGNA CORP 14,789 14,571
    30000.00 VALERO ENERGY CORP 30,068 29,969
    30000.00 KIMBERLY-CLARK CORP 30,086 29,077
    30000.00 AMERICAN HONDA FINANCE 30,015 30,032
    30000.00 BANK OF AMERICA CORP 31,303 31,580
    16000000.00 ORACLE CORP SR GLBL NT 16,037 16,063
    32000.00 SHELL INTERNATIONAL FIN 31,725 32,737
    30000.00 CANADIAN IMPERIAL BANK 31,683 31,295

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    ITTLESON FOUNDATION INC
     
    C/O BESSEMER TRUST COMPANY NA
    EIN:
    51-0172757
    Name of Stock End of Year Book Value End of Year Fair Market Value
    142.00 MATCH GROUP INC 13,688 18,779
    225.00 META PLATFORMS INC-A 35,908 75,678
    215.00 APTIV PLC 32,560 35,464
    65.00 SEA LTD ADR 2,857 14,541
    29.00 CHARTER COMMUNICATIONS INC 13,383 18,907
    42.00 ALPHABET INC CLASS C 27,478 121,530
    510.00 DOLLARAMA INC 15,780 25,507
    315.00 NIKE INC CL B 16,302 52,501
    210.00 ROSS STORES INC 20,215 23,998
    40.00 LVMH MOET HENNESSY VUITTON 16,441 32,936
    43.00 HOME DEPOT 6,564 17,845
    7.00 MERCADOLIBRE INC 10,855 9,438
    22.00 AMAZON.COM INC 22,733 73,355
    225.00 HILTON WORLDWIDE HOLDINGS 23,861 35,097
    59.00 BURLINGTON STORES INC 10,399 17,199
    27.00 DOMINOS PIZZA 10,673 15,236
    95.00 ADVANCE AUTO PARTS 9,574 22,788
    75.00 EXPEDIA GROUP INC 12,361 13,554
    135.00 WYNDHAM HOTELS & RESORTS 5,435 12,102
    230.00 PEPSICO INC 21,957 39,953
    645.00 US FOODS HOLDING CORP 18,681 22,465
    53547.05 OW CREDIT INCOME FUND 580,470 586,386
    90.00 PIONEER NATURAL RESOURCES 14,767 16,369
    500.00 CONOCOPHILLIPS 21,372 36,090
    540.00 SCHWAB CHARLES CORP NEW 28,258 45,414
    66.00 S&P GLOBAL INC. 21,443 31,147
    1330.00 BANK OF AMERICA CORP 37,162 59,171
    385.00 CITIGROUP INC 14,306 23,250
    210.00 JPMORGAN CHASE & CO. 32,210 33,253
    39.00 MSCI INC 16,916 23,894
    50.00 AON PLC 10,541 15,028
    360.00 BLACKSTONE GROUP INC 20,287 46,580
    105.00 NASDAQ INC. 10,147 22,051
    49.00 TELEFLEX INC 13,710 16,095
    65.00 CARLISLE COS 12,792 16,127
    43.00 LAB CORP OF AMER HLDGS NEW 5,603 13,511
    105.00 UNITEDHEALTH GROUP INC 26,357 52,724
    107.00 THERMO FISHER SCIENTIFIC 7,056 42,703
    230.00 IQVIA HOLDINGS INC 33,754 64,892
    55.00 COOPER COS INC 13,434 23,041
    150.00 CATALENT INC 16,032 19,204
    130.00 DANAHER CORP 12,727 42,771
    175.00 ZOETIS INC 12,486 42,705
    210.00 EATON CORP PLC 30,039 36,292
    85.00 STERIS PLC 9,774 20,689
    160.00 SMITH A O CORP 6,261 13,736
    78.00 NORTHROP GRUMMAN CORP 28,453 30,191
    136.00 UNION PACIFIC CORP 21,527 34,262
    60.00 CINTAS CORP 10,381 26,590
    95.00 DOVER CORP 7,093 17,252
    275.00 IAA INC 9,620 13,920
    105.00 LINCOLN ELEC HLDG 14,067 14,644
    45.00 HEICO CORPORATION 6,096 6,489
    77.00 EQUIFAX INC 10,212 22,544
    180.00 SAFRAN SA 22,336 21,948
    47.00 ASML HOLDING 22,966 37,619
    65.00 NICE LTD ADR 10,559 19,734
    56.00 SYNOPSYS INC 7,154 20,636
    265.00 TEXAS INSTRUMENTS INC 26,145 49,944
    725.00 APPLE INC 26,060 128,738
    34.00 ANSYS INC 6,691 13,638
    53.00 ADOBE INC 25,018 30,054
    495.00 MICROSOFT CORP 32,941 166,478
    51.00 NVDIA CORP 14,729 14,999
    100.00 ASPEN TECHNOLOGY 13,510 15,220
    35.00 PAYCOM SOFTWARE INC 14,865 14,531
    105.00 CDW CORP/DE 11,378 21,501
    340.00 AMPHENOL CORP 15,522 29,736
    315.00 VISA INC 29,463 68,263
    75.00 WEX INC 9,672 10,529
    70.00 JONES LANG LASALLE INC COM 12,975 18,853
    190.00 SS&C TECHNOLOGIES HOLDINGS 11,788 15,576
    35.00 SERVICENOW INC 5,984 22,718
    230128.613 OW LARGE CAP STRATEGIES FD 2,330,814 4,335,623
    69.00 AIR PRODUCTS & CHEMICALS 16,239 20,933
    175.00 VULCAN MATERIALS 32,932 36,326
    161.00 AMERICAN TOWER CORP 31,219 47,092
    78499.959 OW SMALL & MIDCAP STRAT FD 1,037,896 1,416,924
    95.00 AMERICAN WATER WORKS CO 5,024 17,941
    220.00 AMEREN CORP 14,378 19,582

    TY 2021 InvestmentsGovtObligationsSch
    Name:
    ITTLESON FOUNDATION INC
     
    C/O BESSEMER TRUST COMPANY NA
    EIN:
    51-0172757
    US Government Securities - End of Year Book Value:

    1,404,471
    US Government Securities - End of Year Fair Market Value:

    1,426,269
    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:
    ITTLESON FOUNDATION INC
     
    C/O BESSEMER TRUST COMPANY NA
    EIN:
    51-0172757
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    11655.21 ALLIANCE BERNSTEIN HEDGE FUND AT COST 1,169,136 1,589,620

    TY 2021 LegalFeesSchedule
    Name:
    ITTLESON FOUNDATION INC
     
    C/O BESSEMER TRUST COMPANY NA
    EIN:
    51-0172757
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 2,170 0   2,170


    TY 2021 OtherAssetsSchedule
    Name:
    ITTLESON FOUNDATION INC
     
    C/O BESSEMER TRUST COMPANY NA
    EIN:
    51-0172757
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    KEY MAN LIFE INSURANCE 90,000 90,000 90,000


    TY 2021 OtherExpensesSchedule
    Name:
    ITTLESON FOUNDATION INC
     
    C/O BESSEMER TRUST COMPANY NA
    EIN:
    51-0172757
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSE REIMBURSEMENT TO ANTHONY C. WOOD 1,615 0   1,615
    EXPENSE REIMBURSEMENT TO EMILY MOINI 82 0   82
    SOLARIS TECHNOLOGIES - COMPUTER 240 0   240
    NY LAW JOURNAL PUBLICATION FEE 160 0   160
    NEW YORK STATE FILING FEE 750 0   750
    BRIAN HOWE - WEBSITE 872 0   872
    CAR SERVICE (BEN'S LIMO) 106 0   106
    CLEANING SERVICE 3,850 0   3,850
    OFFICE SUPPLIES & EQUIPMENT - OTHER 10,228 0   10,228
    POSTAGE 2,611 0   2,611
    TELEPHONE AND INTERNET SERVICE 4,608 0   4,608
    MISCELLANEOUS 1,171 0   1,171
    INSURANCE EXPENSES 15,411 0   15,411


    TY 2021 OtherIncreasesSchedule
    Name:
    ITTLESON FOUNDATION INC
     
    C/O BESSEMER TRUST COMPANY NA
    EIN:
    51-0172757
    Description Amount
    LATE CASH 224


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    ITTLESON FOUNDATION INC
     
    C/O BESSEMER TRUST COMPANY NA
    EIN:
    51-0172757
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 24,011 24,011   0
    FINANCIAL SERVICES FEE 12,500 0   12,500
    ADR FEES 4 4   0


    TY 2021 TaxesSchedule
    Name:
    ITTLESON FOUNDATION INC
     
    C/O BESSEMER TRUST COMPANY NA
    EIN:
    51-0172757
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES PAID IN EXCESS 289 0   0
    FOREIGN TAXES PAID 106 106   0