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
WALENTAS FOUNDATION LTD
 
Number and street (or P.O. box number if mail is not delivered to street address)1240 MEADOW LANE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SOUTHAMPTON, NY11968
A Employer identification number

45-5331864
B Telephone number (see instructions)

(718) 222-2500
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$0J 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) 2,620,000
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities...      
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10  
b Gross sales price for all assets on line 6a  
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 2,620,000 0  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages...... 55,424 55,424   55,424
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 208,329 208,329   208,329
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 4,631 4,631   4,631
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 50,567 50,567   50,567
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 318,951 318,951   318,951
25 Contributions, gifts, grants paid....... 2,308,150 2,308,150
26 Total expenses and disbursements. Add lines 24 and 25 2,627,101 318,951   2,627,101
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -7,101
b Net investment income (if negative, enter -0-) 0
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............. 7,101    
2 Savings and temporary cash investments.........      
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..........   0 0
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
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)..........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 7,101 0 0
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
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........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 7,101 0
29 Total net assets or fund balances (see instructions)..... 7,101 0
30 Total liabilities and net assets/fund balances (see instructions). 7,101 0
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
7,101
2
Enter amount from Part I, line 27a .....................
2
-7,101
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
0
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
0
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.)
1a
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2  
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 0
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 0
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 0
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 0
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 0
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet   RefundedBullet 11  
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 addressbulletN/A
    14
    The books are in care ofbulletDAVID C WALENTAS Telephone no.bullet (718) 407-5109

    Located atbullet1240 MEADOW LANESOUTHAMPTONNY ZIP+4bullet11968
    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)
     
    No
    (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
     
     
    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
    DAVID C WALENTAS PRESIDENT
    0.00     		0 0 0
    1240 MEADOW LANE
    SOUTHAMPTON,NY11968
    JED WALENTAS VICE PRESIDENT
    0.00     		0 0 0
    45 MAIN STREET 12TH FLOOR
    BROOKLYN,NY11201
    DAVID C WALENTAS TREASURER
    0.00     		0 0 0
    1240 MEADOW LANE
    SOUTHAMPTON,NY11968
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (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
    0
    b
    Average of monthly cash balances.......................
    1b
    3,444
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    3,444
    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
    3,444
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    52
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    3,392
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    170
    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
    170
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
     
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    0
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    170
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    170
    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
    170
    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 7 170
    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...... 2,051,377
    b From 2017...... 1,542,097
    c From 2018...... 1,722,552
    d From 2019...... 1,525,082
    e From 2020...... 1,132,225
    f Total of lines 3a through e ........ 7,973,333
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 2,627,101
    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..... 170
    e Remaining amount distributed out of corpus 2,626,931
    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 10,600,264
    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) ...     		2,051,377
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		8,548,887
    10 Analysis of line 9:
    a Excess from 2017.... 1,542,097
    b Excess from 2018.... 1,722,552
    c Excess from 2019.... 1,525,082
    d Excess from 2020.... 1,132,225
    e Excess from 2021.... 2,626,931
    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).)
    DAVID C WALENTAS
    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:
    DAVID C WALENTAS
    1240 MEADOW LANE
    SOUTHAMPTON,NY11968
    (718) 222-2500
    bThe form in which applications should be submitted and information and materials they should include:
    TYPED, DETAILED ANALYSIS OF PROPOSED USE OF CONTRIBUTION, ANALYSIS OF HISTORIC USE OF CONTRIBUTIONS AND A DETAILED HISTORY OF CHARITABLE ORGANIZATION.
    cAny submission deadlines:
    CURRENT YEAR CONTRIBUTION APPLICATION MUST BE RECIEVED BY FEBRUARY 28TH
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    QUALIFIED 501(C)(3) ORGANIZATION
    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
    ADAMS STREET FOUNDATION INC
    283 ADAMS STREET
    BROOKLYN,NY11201     		    COMMUNITY / CIVIC 20,000
    BROOKLYN GREENWAY INITIATIVE
    153 COLUMBIA STREET
    BROOKLYN,NY11231     		    COMMUNITY / CIVIC 15,000
    CHALKBEAT INC
    PO BOX 300434
    BROOKLYN,NY11230     		    COMMUNITY / CIVIC 10,000
    CITYARTS INC
    77 BLEEKER STREET C2-18
    NEW YORK,NY10012     		    ARTS AND CULTURE 5,000
    DAILY PENNSYLVANIAN ALUMNI ASSOCIATION
    4015 WALNUT STREET
    PHILADELPHIA,PA19104     		    SCHOOLS 1,000
    EL PUENTE
    211 SOUTH 4TH STREET
    BROOKLYN,NY11211     		    COMMUNITY / CIVIC 10,000
    EVERGREEN INC
    2 KINGSLAND AVENUE
    BROOKLYN,NY11211     		    SCHOOLS 2,400
    EXTREME KIDS AND CREW INC
    185 VAN DYKE STREET SUITE 205
    BROOKLYN,NY11231     		    COMMUNITY / CIVIC 5,000
    FRIENDS SEMINARY
    222 E 16TH STREET
    NEW YORK,NY10003     		    COMMUNITY / CIVIC 100,000
    ISAMU NOGUCHI FOUNDATION & GARDEN MUSEUM
    32-37 VERNON BLVD
    LONG ISLAND CITY,NY11106     		    ARTS AND CULTURE 5,000
    JOHNS HOPKINS UNIVERSITY
    500 W 3400 NORTH CHARLES STREET
    BALTIMORE,MD21211     		    EDUCATION 15,000
    NB COALITION OF NEIGHBORSHELPINGNEIGHBORS
    621 DEGRAW STREET
    BROOKLYN,NY11217     		    COMMUNITY / CIVIC 27,500
    NEW YORK UNIVERSITY
    MITCHELL MOSS RUDIN CENTER 295
    LFAYETTE STREET 2ND FLOOR
    NEW YORK,NY10012     		    COMMUNITY / CIVIC 10,000
    OPEN SPACE ALLIANCE FOR NORTH BROOKLYN
    86 KENT AVENUE
    BROOKLYN,NY11249     		    COMMUNITY / CIVIC 60,000
    ROBINHOOD FOUNDATION
    826 BROADWAY 9TH FLOOR
    NEW YORK,NY10003     		    COMMUNITY / CIVIC 25,000
    STEPHEN GAYNOR SCHOOL
    148 W 90TH STREET
    NEW YORK,NY10024     		    SCHOOLS 75,000
    STREB INC
    51 NORTH 1ST STREET
    NEW YORK,NY11211     		    COMMUNITY / CIVIC 10,000
    THE FUND FOR PUBLIC SCHOOLS INC
    52 CHAMBERS STREET
    NEW YORK,NY10007     		    EDUCATION 221,500
    THE LEUKEMIA & LYMPHOMA SOCIETY
    PO BOX 22468
    NEW YORK,NY10087     		    HOSPITALS 10,000
    TRINITY SCHOOL
    139 WEST 91ST STREET
    NEW YORK,NY10024     		    EDUCATION 10,000
    TRUSTEES OF PHILLIPS ACADEMY
    180 MAIN STREET
    ANDOVER,MA01810     		    UNIVERSITY 10,000
    TRUSTEES OF THE UNIVERSITY OF PENN
    235 SOUTH 33RD STREET
    PHILADELPHIA,PA19104     		    UNIVERSITY 27,000
    WATERFRONT ALLIANCE
    217 WATER STREET 300
    NEW YORK,NY10038     		    COMMUNITY / CIVIC 10,000
    WHITNEY MUSEUM OF AMERICAN ART
    99 GANSEVOORT STREET
    NEW YORK,NY10014     		    ARTS AND CULTURE 5,000
    ACTION RESEARCH COLLABORATIVE INC
    2400 DAVIDSON AVENUE
    BRONX,NY10468     		    COMMUNITY / CIVIC 25,000
    ANA MARTINEZ DE LUCO
    272 MARCY AVENUE
    BROOKLYN,NY11211     		    COMMUNITY / CIVIC 10,000
    BABERA E TAKENAGA
    260 BLEECKER STREET
    NEW YORK,NY10014     		    COMMUNITY / CIVIC 500
    ARTS & LETTERS PARENTS ASSOCIATION INC
    344 MONROE STREET
    BROOKLYN,NY11216     		    SCHOOLS 15,500
    BROOKLYN CHILDRENS MUSEUM
    145 BROOKLYN AVE
    BROOKLYN,NY11213     		    ARTS AND CULTURE 10,000
    BROOKLYN NAVY DEVELOPMENT CORP
    141 FLUSHING AVE
    BROOKLYN,NY11205     		    COMMUNITY / CIVIC 50,000
    CADMAN PARK CONSERVANCY INC
    101 CLARK STREET
    BROOKLYN,NY11201     		    PARKS 2,500
    CARMEN MOJICA
    2100 EAST TREMONT
    BRONX,NY10462     		    COMMUNITY / CIVIC 25,000
    CHASHAMA INC
    675 3RD AVE
    NEW YORK,NY10017     		    ARTS AND CULTURE 5,000
    CHRIS HACKETT
    612 OCEAN AVE
    BROOKLYN,NY11226     		    COMMUNITY / CIVIC 15,000
    COMMUNITY PARTNERSHIP CHARTER SCHOOL
    185 BROADWAY
    BROOKLYN,NY11211     		    SCHOOLS 15,000
    CREATIVE TIME
    59 EAST 4TH ST
    NEW YORK,NY10003     		    ARTS AND CULTURE 25,000
    DARNELL BENOIT
    504 HANCOCK STREET
    BROOKLYN,NY11233     		    COMMUNITY / CIVIC 25,000
    DESTINATION TOMORROW INC
    452 EAST 149TH ST
    BRONX,NY10455     		    COMMUNITY / CIVIC 25,000
    DR ROB GORE LLC
    402A BAINBRUDGE ST
    BROOKLYN,NY11233     		    COMMUNITY / CIVIC 25,000
    FRIENDS OF HUDSON RIVER PARK INC
    PO BOX 488
    NARROWSBURG,NY12784     		    PARKS 5,000
    GLADYS E JONES
    126 PROSPECT STREET
    STATEN ISLAND,NY10304     		    COMMUNITY / CIVIC 25,000
    GLOBAL STRAYS INC
    26 HILL STREET
    SOUTHHAMPTON,NY11968     		    COMMUNITY / CIVIC 1,000
    GOOD SHEPHERD SERVICES
    305 SEVENTH AVENUE
    NEW YORK,NY10001     		    COMMUNITY / CIVIC 30,000
    HAKOOK INCORPORATED
    10 W 15TH ST
    NEW YORK,NY10011     		    COMMUNITY / CIVIC 30,000
    HAMPTON LIFEGUARD ASSOCIATION INC
    7 MEADOW WAY
    EAST HAMPTON,NY11937     		    COMMUNITY / CIVIC 5,000
    JENNIFER PACKER
    1904 S 5TH STREET
    PHILADELPHIA,PA19148     		    COMMUNITY / CIVIC 500
    LINEAGE PROJECT INC
    73 LEONARD STREET
    NEW YORK,NY10013     		    COMMUNITY / CIVIC 15,000
    LIONFOX LLC
    152 WEST 124TH STREET
    NEW YORK,NY10027     		    COMMUNITY / CIVIC 45,000
    MAKER PARK RADIO INC
    37 VALENCIA AVENUE
    STATEN ISLAND,NY10301     		    COMMUNITY / CIVIC 25,000
    MARTIN KENRICK LEWIS
    546 EAST 56TH STREET
    BROOKLYN,NY11203     		    COMMUNITY / CIVIC 25,000
    MATTHEW DELEGET
    362 PROSPECT STREET
    SOUTH ORANGE,NJ07079     		    COMMUNITY / CIVIC 500
    MEMORIAL SOLAN-KETTERING CANCER CENTER
    885 SECOND AVENUE
    NEW YORK,NY10017     		    HOSPITALS 10,000
    MIDDLE SCHOOL 577 PTA
    208 N 5TH STREET
    BROOKLYN,NY11211     		    SCHOOLS 15,000
    NATIONAL CHILDREN'S CHORUS
    511 AVENUE OF AMERICAS
    NEW YORK,NY10011     		    ARTS AND CULTURE 5,000
    NEW YORK CITY CENTER
    130 WEST 56TH STREET
    NEW YORK,NY10019     		    COMMUNITY / CIVIC 5,000
    NEW YORKERS FOR PARKS
    55 BROAD STREET
    NEW YORK,NY10004     		    PARKS 20,000
    NEWTOWN CREEK ALLIANCE
    520 KINGSLAND AVENUE
    BROOKLYN,NY11222     		    COMMUNITY / CIVIC 2,500
    NYU LAGONE MEDICAL CENTER
    333 EAST 33RD STREET
    NEW YORK,NY10016     		    HOSPITALS 50,000
    OUR LADY OF MT SAINT CARMEL CHURCH
    275 NORTH 8TH STREET
    BROOKLYN,NY11211     		    CHURCH / RELIGION 10,000
    PARENTS & TEACHERS ASSOCIATION OF PS 8
    37 HICKS STREET
    BROOKLYN,NY11201     		    SCHOOLS 15,000
    PEPATIAN INC
    PO BOX 86
    BRONX,NY10451     		    ARTS AND CULTURE 25,000
    PETER STUYVESANT LITTLE LEAGUE INC
    PO BOX 348
    NEW YORK,NY10159     		    COMMUNITY / CIVIC 10,000
    PHONG BUI
    95 COMMERCIAL STREET SUITE 2A
    BROOKLYN,NY11222     		    COMMUNITY / CIVIC 500
    PIONEER WORKS ART FOUNDATION
    520 W 27TH STREET
    NEW YORK,NY10001     		    ARTS AND CULTURE 10,000
    PS 321 PARENT TEACHER ASSPCIATION
    180 7TH AVENUE
    BROOKLYN,NY11215     		    SCHOOLS 20,000
    PUBLIC ART FUND INC
    ONE EAST 53RD STREET
    NEW YORK,NY10022     		    ARTS AND CULTURE 5,000
    RAMONE BUFORD
    152 WEST 124TH STREET 402
    NEW YORK,NY10027     		    COMMUNITY / CIVIC 5,000
    RISEBORO COMMUNITY PARTNERSHIP
    565 BUSHWICK AVENUE
    BROOKLYN,NY11206     		    COMMUNITY / CIVIC 25,000
    SKYSCRAPER MUSEUM
    39 BATTERY PLACE
    NEW YORK,NY10280     		    COMMUNITY / CIVIC 10,000
    SMACK MELLO STUDIO INC
    92 PLYMOTH STREET
    BROOKLYN,NY11201     		    COMMUNITY / CIVIC 1,750
    SOCIAL AND ENVIROMENTAL ENTREPRENUEURS
    13532 CALABASAS RD
    CALABASAS,CA91302     		    COMMUNITY / CIVIC 25,000
    SUCCESS ACADEMY CHARTER SCHOOLS
    95 PINE STREET 6TH FLOOR
    NEW YORK,NY10005     		    SCHOOLS 50,000
    TARA DONOVAN
    107 S 4TH STREET
    BROOKLYN,NY11249     		    COMMUNITY / CIVIC 500
    THE CULUTURAL MUSEUM OF AFRICAN ART
    213 TAAFFEE PLACE SUITE 111
    BROOKLYN,NY11205     		    ARTS AND CULTURE 5,000
    TRANSPORTATION ALTERNATIVES
    111 JOHN STREEN
    NEW YORK,NY10038     		    COMMUNITY / CIVIC 15,000
    UNCOMMON SCHOOLS INC
    826 BROADWAY 9TH FLOOR
    NEW YORK,NY10003     		    SCHOOLS 10,000
    UNITED COMMUNITY SCHOOLS INC
    52 BROADWAY
    NEW YORK,NY10004     		    SCHOOLS 18,000
    URBAN ASSEMBLY CHARTER SCHOOL
    1300 BONTON AVENUE
    BRONX,NY10472     		    SCHOOLS 5,000
    VALERIE HEGARTY
    171 EASTERN PARKWAY
    BROOKLYN,NY11238     		    COMMUNITY / CIVIC 2,500
    VICTORIA ROTH
    1140 BERGEN STREET APT 3A
    BROOKLYN,NY11216     		    COMMUNITY / CIVIC 2,500
    SUZETTE BROWN
    372 DEKALB AVENUE APT 3F
    BROOKLYN,NY11205     		    CIVIC PRIZE 100,000
    CIELO ALLISON VILLA
    31-24 86TH STREET 1ST FLOOR
    EAST ELMHURST,NY11369     		    CIVIC PRIZE 100,000
    MANUEL CASTRO LUCERO
    1111 OCEAN AVENUE APT 311
    BROOKLYN,NY11230     		    CIVIC PRIZE 100,000
    THE PONT LLC
    12 W 103RD STREET
    NEW YORK,NY10025     		    CIVIC PRIZE 100,000
    DOMINGO MORALES
    67 4TH PLACE FLOOR 2
    BROOKLYN,NY11231     		    CIVIC PRIZE 100,000
    FIVE MUALIMM-AK
    929 COURTLANDT AVENUE
    BRONX,NY10451     		    CIVIC PRIZE 100,000
    FELICIA WILSON
    1751 UNION STREET APT 2A
    BROOKLYN,NY11213     		    CIVIC PRIZE 100,000
    LAURA JAIME-JIN LEWIS
    217 EASTERN PARKWAY 1C
    BROOKLYN,NY11238     		    CIVIC PRIZE 60,000
    Total .................................bullet 3a 2,308,150
    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 ............     		         
    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 0 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    0
    (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
    Schedule B
    (Form 990)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2021
    Name of the organization
    WALENTAS FOUNDATION LTD
     
    Employer identification number

    45-5331864
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990) (2021)
    Schedule B (Form 990) (2021) Page 2
    Name of organization
    WALENTAS FOUNDATION LTD
          		Employer identification number
    45-5331864
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    DAVID C WALENTAS
     
    1240 MEADOW LANE
     
    SOUTHAMPTON, NY11968

    		$ 2,620,000


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

    		$  


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

    		$  


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

    		$  


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

    		$  


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

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990) (2021)
    Schedule B (Form 990) (2021)
    Page 3
    Name of organization
    WALENTAS FOUNDATION LTD
          		Employer identification number

    45-5331864
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990) (2021)
    Schedule B (Form 990) (2021)
    Page 4
    Name of organization
    WALENTAS FOUNDATION LTD
          		Employer identification number

    45-5331864
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990) (2021)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2021 OtherExpensesSchedule
    Name:
    WALENTAS FOUNDATION LTD
    EIN:
    45-5331864
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADMINISTRATIVE EXPENSES 50,567 50,567   50,567


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    WALENTAS FOUNDATION LTD
    EIN:
    45-5331864
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PROFESSIONAL FEES 208,329 208,329   208,329


    TY 2021 TaxesSchedule
    Name:
    WALENTAS FOUNDATION LTD
    EIN:
    45-5331864
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL TAXES 4,631 4,631   4,631