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
The Carroll and Milton Petrie
Foundation Inc c/o Brandman at Stroock
% ETTA BRANDMAN AT STOOCK
Number and street (or P.O. box number if mail is not delivered to street address)180 Maiden Lane
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
New York, NY10038
A Employer identification number

20-1451752
B Telephone number (see instructions)

(212) 806-6027
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$120,828,131J 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) 1,656,465
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 1,211,757 1,211,757  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 4,452,199
b Gross sales price for all assets on line 6a 64,187,921
7 Capital gain net income (from Part IV, line 2)... 4,452,199
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 937 -3,469  
12 Total. Add lines 1 through 11........ 7,321,358 5,660,487  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 270,417     270,417
14 Other employee salaries and wages...... 142,170     142,170
15 Pension plans, employee benefits....... 77,610 74,506   3,104
16a Legal fees (attach schedule)......... Click to see attachment 76,931 73,854 0 3,077
b Accounting fees (attach schedule)....... Click to see attachment 10,400 9,984 0 416
c Other professional fees (attach schedule).... Click to see attachment 307,606 307,606    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 375,125 37,057   1,544
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 35,998 34,558   1,440
21 Travel, conferences, and meetings....... 36 35   1
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 56,545 54,422   2,123
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,352,838 592,022 0 424,292
25 Contributions, gifts, grants paid....... 5,196,663 5,196,663
26 Total expenses and disbursements. Add lines 24 and 25 6,549,501 592,022 0 5,620,955
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 771,857
b Net investment income (if negative, enter -0-) 5,068,465
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............. 5,119 20,649 20,649
2 Savings and temporary cash investments......... 14,305,251 14,488,920 14,488,920
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..........      
10a Investments—U.S. and state government obligations (attach schedule) 3,956,556 Click to see attachment7,083,719 7,083,719
b Investments—corporate stock (attach schedule)....... 82,997,448 Click to see attachment91,160,631 91,160,631
c Investments—corporate bonds (attach schedule)....... 7,623,573 Click to see attachment7,751,841 7,751,841
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 1,105,216 Click to see attachment322,371 322,371
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) 109,993,163 120,828,131 120,828,131
Liabilities 17 Accounts payable and accrued expenses.......... 6,205  
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)......... 6,205 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........... 109,986,958 120,828,131
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 109,986,958 120,828,131
30 Total liabilities and net assets/fund balances (see instructions). 109,993,163 120,828,131
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
109,986,958
2
Enter amount from Part I, line 27a .....................
2
771,857
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
10,069,316
4
Add lines 1, 2, and 3 ..........................
4
120,828,131
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
120,828,131
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 FIDUCIARY TRUST INTERNATIONAL - INFO AVAILABLE UPON REQUEST      
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 64,187,921   59,735,722 4,452,199
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       4,452,199
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 4,452,199
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  
3 Add lines 1 and 2........................... 3 70,452
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 70,452
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 160,000
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 160,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
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 89,548
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet89,548 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$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part 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 addressbulletpetrie.org
    14
    The books are in care ofbulletETTA BRANDMAN AT STOOCK Telephone no.bullet (212) 806-6027

    Located atbullet180 MAIDEN LANENew YorkNY ZIP+4bullet10038
    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
    David Tanner CO Stroock DIRECTOR
    1.0     		0 0 0
    180 Maiden Lane
    New York,NY10038
    jean l troubh CO STROOcK Director/Vice-President
    1.0     		0 0 0
    180 Maiden Lane
    New York,NY10038
    Regina Peruggi CO STROOcK Director/Co-President
    1.0     		0 0 0
    180 Maiden Lane
    New York,NY10038
    etta brandman CO STROOcK Director/Co-President
    1.0     		0 0 0
    180 Maiden Lane
    New York,NY10038
    Gail Gordon CO STROOcK director/Treasurer
    1.0     		0 0 0
    180 Maiden Lane
    New York,NY10038
    Cass Conrad co carroll petrie executive director
    35.0     		270,417 25,000 0
    180 Maiden Lane
    New York,NY10038
    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
    KENNETH KNOWLTON GRANTS MANAGER
    35.0     		127,247 12,500  
    180 MAIDEN LANE
    NEW YORK,NY10038
    DESIREE VAZQUEZ BARLATT PROGRAM OFFICER
    35.0     		64,215 6,250  
    180 MAIDEN LANE
    NEW YORK,NY10038
    Total number of other employees paid over $50,000...................bullet  
    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
    Fiduciary Trust Company International investment mgmt 307,606
    280 Park Avenue
    NEW YORK,NY10017
    Stroock & Stroock & Lavan LLP legal services 76,931
    180 Maiden Lane
    NEW YORK,NY10038
    Total number of others receiving over $50,000 for professional services.............bullet  
    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.........................bullet  
    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
    101,232,357
    b
    Average of monthly cash balances.......................
    1b
    14,457,526
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    115,689,883
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    115,689,883
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    1,735,348
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    113,954,535
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    5,697,727
    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
    5,697,727
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    70,452
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    70,452
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    5,627,275
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    5,627,275
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
    7
    5,627,275
    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 5,627,275
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 0
    b Total for prior years:2019, 2018, 2017 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016...... 2,552,472
    b From 2017...... 2,985,556
    c From 2018...... 2,002,439
    d From 2019...... 2,711,993
    e From 2020...... 3,020,696
    f Total of lines 3a through e ........ 13,273,156
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 5,620,955
    a Applied to 2020, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2021 distributable amount..... 5,620,955
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2021. 6,320 6,320
    (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 13,266,836
    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......     		 
    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) .......     		 
    8 Excess distributions carryover from 2016 not
    applied on line 5 or line 7 (see instructions) ...     		2,546,152
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		10,720,684
    10 Analysis of line 9:
    a Excess from 2017.... 2,985,556
    b Excess from 2018.... 2,002,439
    c Excess from 2019.... 2,711,993
    d Excess from 2020.... 3,020,696
    e Excess from 2021....  
    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 email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (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
    Arizou
    315 West 36th Street
    New York,NY10018     		NONE PC EDUCATIONAL 125,000
    Borough of Manhattan Community College Foundation
    199 Chambers Street
    New York,NY10007     		NONE PC EDUCATIONAL 235,000
    Brooklyn College Foundation Inc
    2900 Bedford Avenue Ingersoll Hall
    Brooklyn,NY11210     		NONE PC EDUCATIONAL 280,000
    City Parks Foundation
    830 5th Ave
    New York,NY10065     		NONE PC EDUCATIONAL 75,000
    College of Staten Island Foundation Inc
    2800 Victory Blvd 1A-210
    Staten Island,NY10314     		NONE PC EDUCATIONAL 100,000
    Community Funds Inc
    909 3rd Avenue Floor 22
    New York,NY10022     		NONE PC EDUCATIONAL 125,000
    COOP Careers INC
    330 West 38th Street Room 1503
    New York,NY10018     		NONE PC EDUCATIONAL 125,000
    Cooper Union For The Advancement Of Science & Art
    30 Cooper Square 2nd Floor
    New York,NY10003     		NONE PC EDUCATIONAL 50,000
    Cuny School of Labor and Urban Studies Foundation
    25 West 43rd Street 19th Floor
    New York,NY10036     		NONE PC EDUCATIONAL 10,000
    CUNY School of Law Foundation
    2 Court Square
    Long Island City,NY11101     		NONE PC EDUCATIONAL 45,000
    CUNY School of Professional Studies Foundation
    119 West 31st Street
    New York,NY10001     		NONE PC EDUCATIONAL 115,000
    Eugenio Maria De Hostos Community College Foundat
    500 Grand Concourse
    Bronx,NY10451     		NONE PC EDUCATIONAL 20,000
    Expanded Schools Inc
    11 West 42nd Street 3rd Floor
    New York,NY10036     		NONE PC EDUCATIONAL 15,000
    Grace Outreach Inc
    378 East 151st Street
    Bronx,NY10455     		NONE PC EDUCATIONAL 50,000
    Herbert H Lehman College
    250 Bedford Park Blvd West
    Bronx,NY10468     		NONE PC EDUCATIONAL 30,000
    Herbert H Lehman College Foundation Inc
    250 Bedford Park Blvd West
    Bronx,NY10468     		NONE PC EDUCATIONAL 175,000
    Hunter College Foundation Inc
    695 Park Avenue Room 1601E
    New York,NY10065     		NONE PC EDUCATIONAL 20,000
    Imentor Incorporated
    199 Water Street 8th Floor
    New York,NY10038     		NONE PC EDUCATIONAL 50,000
    Internationals Network for Public Schools Inc
    50 Broadway Suite 1601
    New York,NY10004     		NONE PC EDUCATIONAL 200,000
    Ithaka Harbors Inc
    101 Greenwich Street 18th Floor
    New York,NY10006     		NONE PC EDUCATIONAL 131,719
    JobsFirstNYC
    11 Park Place Suite 1106
    New York,NY10007     		NONE PC EDUCATIONAL 200,000
    John Jay College Foundation Inc
    524 West 59th Street
    New York,NY10019     		NONE PC EDUCATIONAL 130,000
    LaGuardia Community College Foundation
    31-10 Thomson Avenue No E-413
    New York,NY11101     		NONE PC EDUCATIONAL 25,000
    New York City College of Technology Foundation
    300 Jay Street
    Brooklyn,NY11201     		NONE PC EDUCATIONAL 125,000
    New York City Outward Bound Center Inc
    2946 Northern Blvd
    Long Island City,NY11101     		NONE PC EDUCATIONAL 100,000
    Pursuit Transformation Company Inc
    4710 Austell Place 2nd Floor
    Long Island City,NY11101     		NONE PC EDUCATIONAL 125,000
    Queens College Foundation Inc
    6530 Kissena Blvd
    Flushing,NY11367     		NONE PC EDUCATIONAL 100,000
    Queens Community House Inc
    10825 62nd Drive
    Forest Hills,NY11375     		NONE PC EDUCATIONAL 110,000
    Queensborough Community College Fund Inc
    222-05 56th Avenue Suite A504
    Oakland Gardens,NY11364     		NONE PC EDUCATIONAL 20,000
    Reel Stories Teen Filmaking Inc
    540 President Street Suite 2F
    Brooklyn,NY11215     		NONE PC EDUCATIONAL 125,000
    Research Foundation of the City University of NY
    230 West 41st Street
    New York,NY10036     		NONE PC EDUCATIONAL 508,704
    Sponsors For Educational Opportunity
    55 Exchange Place
    New York,NY10005     		NONE PC EDUCATIONAL 100,000
    The Baruch College Fund
    17 Lexington Avenue Box 293
    New York,NY10010     		NONE PC EDUCATIONAL 229,962
    The Bronx Community College Foundation Inc
    2155 University Avenue
    Bronx,NY10453     		NONE PC EDUCATIONAL 20,000
    The Foundation For City College
    160 Convent Avenue
    New York,NY10031     		NONE PC EDUCATIONAL 210,678
    The Graduate Center Foundation Inc
    365 Fifth Avenue
    New York,NY10016     		NONE PC EDUCATIONAL 50,000
    The Kingsborough Community College Foundation Inc
    2001 Oriental Boulevard
    Brooklyn,NY11235     		NONE PC EDUCATIONAL 95,000
    The Knowledge House Fellowship Inc
    363 Rider Avenue
    Bronx,NY10451     		NONE PC EDUCATIONAL 100,000
    The Medgar Evers College Educational Foundation
    1650 Bedford Avenue
    Brooklyn,NY11225     		NONE PC EDUCATIONAL 120,000
    The New School
    79 Fifth Avenue
    New York,NY10003     		NONE PC EDUCATIONAL 100,000
    The New York Foundling
    590 Avenue Of The Americas
    New York,NY10011     		NONE PC EDUCATIONAL 80,000
    The Urban Assembly Inc
    90 Broad Street Suite 2101
    New York,NY10004     		NONE PC EDUCATIONAL 150,000
    UASPIRE INC
    31 Milk Street
    Boston,MA12109     		NONE PC EDUCATIONAL 75,000
    Young Invincibles Inc
    1725 Desales Street NW Suite 715
    Washington,DC20036     		NONE PC EDUCATIONAL 65,000
    BMCC FOUNDATION
    199 CHAMBERS ST
    New York,NY10007     		NONE PC Educational 250,000
    PHILANTHROPY NEW YORK
    320 EAST 43RD STREET
    NEW YORK,NY10017     		none PC EDUCATIONAL 5,600
    Total .................................bullet 3a 5,196,663
    bApproved for future payment
    Total .................................bullet 3b  
    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 4,452,199  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aMISCELLANEOUS     		    14 937  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) ..   5,664,893  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    5,664,893
    (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
    The Carroll and Milton Petrie
    Foundation Inc c/o Brandman at Stroock
    Employer identification number

    20-1451752
    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
    The Carroll and Milton Petrie
    Foundation Inc c/o Brandman at Stroock         		Employer identification number
    20-1451752
    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
    Trust UWO Milton Petrie Art 22A1
    Stroock Stroock Lavan 180 Maiden
     
    New York, NY10038

    		$ 292,499


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    Trust UWO Milton Petrie Art 22A2
    Stroock Stroock Lavan 180 Maiden
     
    New York, NY10038

    		$ 48,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    3
    Trust UWO Milton Petrie Art 22A3
    Stroock Stroock Lavan 180 Maiden
     
    New York, NY10038

    		$ 90,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    4
    Trust UWO Milton Petrie Art 22A4
    Stroock Stroock Lavan 180 Maiden
     
    New York, NY10038

    		$ 36,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    5
    Trust UWO Milton Petrie Art 22A5
    Stroock Stroock Lavan 180 Maiden
     
    New York, NY10038

    		$ 262,501


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    6
    Trust UWO Milton Petrie Art 22A6
    Stroock Stroock Lavan 180 Maiden
     
    New York, NY10038

    		$ 137,500


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990) (2021)
    Name of organization
    The Carroll and Milton Petrie
    Foundation Inc c/o Brandman at Stroock         		Employer identification number
    20-1451752
    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
    7
    Trust UWO Milton Petrie Art 22A7
    Stroock Stroock Lavan 180 Maiden
     
    New York, NY10038

    		$ 54,853


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    8
    Trust UWO Milton Petrie Art 22A8
    Stroock Stroock Lavan 180 Maiden
     
    New York, NY10038

    		$ 219,999


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    9
    Trust UWO Milton Petrie Art 22A9
    Stroock Stroock Lavan 180 Maiden
     
    New York, NY10038

    		$ 39,583


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    10
    Trust UWO Milton Petrie Art 22B1
    Stroock Stroock Lavan 180 Maiden
     
    New York, NY10038

    		$ 350,441


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    11
    Trust UWO Milton Petrie Art 12CC
    Stroock Stroock Lavan 180 Maiden
     
    New York, NY10038

    		$ 60,695


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    12
    Trust UWO Milton Petrie Art 12C7
    Stroock Stroock Lavan 180 Maiden
     
    New York, NY10038

    		$ 53,974


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990) (2021)
    Schedule B (Form 990) (2021)
    Page 3
    Name of organization
    The Carroll and Milton Petrie
    Foundation Inc c/o Brandman at Stroock         		Employer identification number

    20-1451752
    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
    The Carroll and Milton Petrie
    Foundation Inc c/o Brandman at Stroock         		Employer identification number

    20-1451752
    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 AccountingFeesSchedule
    Name:
    The Carroll and Milton Petrie
     
    Foundation Inc c/o Brandman at Stroock
    EIN:
    20-1451752
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 10,400 9,984   416

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

    TY 2021 DepreciationSchedule
    Name:
    The Carroll and Milton Petrie
     
    Foundation Inc c/o Brandman at Stroock
    EIN:
    20-1451752
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    The Carroll and Milton Petrie
     
    Foundation Inc c/o Brandman at Stroock
    EIN:
    20-1451752
    Name of Bond End of Year Book Value End of Year Fair Market Value
    ISHARES CMBS ETF 217,423 217,423
    FANNIE MAE POOL MTG PL #MA3834 117,133 117,133
    FANNIE MAE POOL MTG PL #MA4182 378,734 378,734
    FANNIE MAE POOL MTG PL #MA4183 336,116 336,116
    FANNIE MAE POOL MTG PL #MA4208 414,381 414,381
    FANNIE MAE POOL MTG PL #MA4210 348,312 348,312
    FRANKLIN STRATEGIC MORTGAGE 636,583 636,583
    ISHARES INTERMEDIATE-TERM CORP 930,539 930,539
    GILEAD SCIENCES SENIOR NOTE 0 0
    WELLS FARGO & CO SR SUB NT 0 0
    AFLAC INC SENIOR BOND 0 0
    BOEING CO/THE SENIOR NOTE 100,810 100,810
    BOSTON PROPERTIES LP NOTE 73,191 73,191
    GOLDMAN SACHS GROUP INC NOTE 99,714 99,714
    PHILIP MORRIS INTERNATIONAL 104,023 104,023
    UNILEVER CAPITAL CORP NOTE 103,425 103,425
    AMERICAN HONDA FINANCE CORP NT 102,559 102,559
    CELGENE CORP SR BOND 35,075 35,075
    PEACEHEALTH OBLIGATED GROUP NT 134,241 134,241
    BOEING CO/THE SR NT CALLABLE 165,095 165,095
    BANK OF AMERICA CORP DTD 77,182 77,182
    BERKSHIRE HATHAWAY INC NOTE 74,826 74,826
    VERIZON COMMUNICATIONS NOTE 174,274 174,274
    AMERICAN EXPRESS CO SENIOR NT 106,086 106,086
    BUNGE LTD FINANCE CORP SR NT 73,948 73,948
    MORGAN STANLEY SUBORDINATED BD 77,462 77,462
    SIMON PROPERTY GROUP LP BOND 75,137 75,137
    JOHN DEERE CAPITAL CORP NOTE 42,432 42,432
    GOLDMAN SACHS GROUP INC NOTE 269,056 269,056
    CATERPILLAR FINANCIAL SRVCS NT 387,151 387,151
    JPMORGAN CHASE & CO SUB BOND 78,584 78,584
    CVS HEALTH CORP SENIOR BOND 22,462 22,462
    APPLE INC SR NT CALLABLE 191,219 191,219
    KIMBERLY-CLARK CORP BOND 62,350 62,350
    KROGER CO/THE SENIOR BOND 80,709 80,709
    WALT DISNEY CO/THE SR NT 124,467 124,467
    SHERWIN-WILLIAMS CO/THE SR BD 134,848 134,848
    SUTTER HEALTH CALLABLE 125,346 125,346
    BANK OF AMERICA SENIOR BOND 186,651 186,651
    TYSON FOODS INC SR NT 85,124 85,124
    COMCAST CORP SENIOR NOTE 73,232 73,232
    SOUTHERN CO/THE CALLABLE 150,731 150,731
    ISHARES JP MORGAN USD 278,103 278,103
    FRANKLIN LIBERTY HIGH YIELD 259,479 259,479
    ISHARES IBOXX HIGH YIELD 243,628 243,628

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    The Carroll and Milton Petrie
     
    Foundation Inc c/o Brandman at Stroock
    EIN:
    20-1451752
    Name of Stock End of Year Book Value End of Year Fair Market Value
    CHEVRON CORP 864,283 864,283
    AIR PRODUCTS & CHEMICALS INC 1,095,336 1,095,336
    ECOLAB INC 1,450,939 1,450,939
    FORTIVE CORP 305,160 305,160
    HONEYWELL INTERNATIONAL INC 1,562,782 1,562,782
    NORFOLK SOUTHERN CORP 1,269,733 1,269,733
    ROPER TECHNOLOGIES INC 0 0
    STANLEY BLACK & DECKER INC 565,860 565,860
    AMAZON.COM INC 1,983,932 1,983,932
    HOME DEPOT INC 1,471,210 1,471,210
    MCDONALD'S CORP 800,189 800,189
    NIKE INC CL B 2,083,375 2,083,375
    COSTCO WHOLESALE CORP 2,157,260 2,157,260
    PEPSICO INC 1,042,260 1,042,260
    PROCTER & GAMBLE CO 981,480 981,480
    ABBOTT LABORATORIES 2,228,618 2,228,618
    ASTRAZENECA PLC SPONS ADR 349,500 349,500
    CVS HEALTH CORP 618,960 618,960
    DANAHER CORP 2,431,384 2,431,384
    IQVIA HOLDINGS INC 1,128,560 1,128,560
    MERCK & CO INC 0 0
    REGENERON PHARMACEUTICALS INC 252,608 252,608
    STRYKER CORP 607,043 607,043
    UNITEDHEALTH GROUP INC 1,958,346 1,958,346
    VERTEX PHARMACEUTICALS INC 0 0
    AMERICAN EXPRESS CO 512,886 512,886
    ARES MANAGEMENT CORP CL A 820,827 820,827
    BLACKROCK INC 1,995,921 1,995,921
    CHARLES SCHWAB CORP 1,387,650 1,387,650
    JP MORGAN CHASE & CO 2,044,299 2,044,299
    MORGAN STANLEY 1,639,272 1,639,272
    ADOBE INC 1,253,203 1,253,203
    APPLE INC 2,574,765 2,574,765
    INTEL CORP 0 0
    LAM RESEARCH CORP 1,006,810 1,006,810
    MASTERCARD INC CL A 538,980 538,980
    MICROCHIP TECHNOLOGY INC 962,013 962,013
    MICROSOFT CORP 3,265,667 3,265,667
    NVIDIA CORP 1,835,246 1,835,246
    SALESFORCE.COM INC 599,747 599,747
    SERVICENOW INC 704,284 704,284
    TEXAS INSTRUMENTS INC 565,410 565,410
    VONTIER CORP 0 0
    ALPHABET INC CLASS C 2,141,257 2,141,257
    COMCAST CORP CL A 508,333 508,333
    ELECTRONIC ARTS INC 263,800 263,800
    FACEBOOK INC CL A 975,415 975,415
    VERIZON COMMUNICATIONS INC 0 0
    WALT DISNEY CO 1,313,467 1,313,467
    NEXTERA ENERGY INC 1,941,888 1,941,888
    CONOCOPHILLIPS 1,064,655 1,064,655
    HUNTSMAN CORP 307,816 307,816
    EATON CORP PLC 691,281 691,281
    RAYTHEON TECHNOLOGIES CORP 559,390 559,390
    STARBUCKS CORP 526,365 526,365
    TJX COS INC 341,640 341,640
    AVANTOR INC 337,120 337,120
    ELI LILLY & CO 110,488 110,488
    PAYPAL HOLDINGS INC 622,314 622,314
    AMERICAN ELECTRIC POWER CO INC 231,322 231,322
    AMERICAN WATER WORKS CO INC 396,606 396,606
    CROWN CASTLE INTERNATIONAL 626,220 626,220
    DODGE & COX STOCK FUND 0 0
    ISHARES CORE S&P MID-CAP ETF 5,531,298 5,531,298
    ARTISAN SMALL CAP FUND 1,755,033 1,755,033
    ARTISAN MID CAP FUND INSTL SHS 1,375,820 1,375,820
    FRANKLIN SMALL CAP VALUE FUND 1,880,708 1,880,708
    FRANKLIN INTERNATIONAL GROWTH 5,007,706 5,007,706
    HARDING LOEVNER INTL EQUITY 5,998,679 5,998,679
    IVA INTERNATIONAL FUND CL 1 0 0
    MATTHEWS JAPAN FUND 666,240 666,240
    T ROWE PRICE INTER. FUNDS 3,406,292 3,406,292
    INVESCO DEVELOPING MARKETS 3,663,680 3,663,680

    TY 2021 InvestmentsGovtObligationsSch
    Name:
    The Carroll and Milton Petrie
     
    Foundation Inc c/o Brandman at Stroock
    EIN:
    20-1451752
    US Government Securities - End of Year Book Value:

    7,083,719
    US Government Securities - End of Year Fair Market Value:

    7,083,719
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2021 InvestmentsOtherSchedule2
    Name:
    The Carroll and Milton Petrie
     
    Foundation Inc c/o Brandman at Stroock
    EIN:
    20-1451752
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    CNOOC NEXEN FINANCE 2014 ULC FMV 0 0
    TRANS-CANADA PIPELINES SR NOTE FMV 78,098 78,098
    CARL MARKS STRATEGIC OPP FD II FMV 244,273 244,273

    TY 2021 LegalFeesSchedule
    Name:
    The Carroll and Milton Petrie
     
    Foundation Inc c/o Brandman at Stroock
    EIN:
    20-1451752
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 76,931 73,854   3,077


    TY 2021 OtherExpensesSchedule
    Name:
    The Carroll and Milton Petrie
     
    Foundation Inc c/o Brandman at Stroock
    EIN:
    20-1451752
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OFFICE EXPENSE 39,743 38,153   1,590
    INSURANCE 8,209 7,881   328
    AMORTIZATION 3,477 3,477    
    OTHER FEES 5,116 4,911   205


    TY 2021 OtherIncomeSchedule2
    Name:
    The Carroll and Milton Petrie
     
    Foundation Inc c/o Brandman at Stroock
    EIN:
    20-1451752
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    tax refunds 4,406    
    partnership income -3,469 -3,469  


    TY 2021 OtherIncreasesSchedule
    Name:
    The Carroll and Milton Petrie
     
    Foundation Inc c/o Brandman at Stroock
    EIN:
    20-1451752
    Description Amount
    UNREALIZED GAIN ON INVESTMENTS 10,069,316


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    The Carroll and Milton Petrie
     
    Foundation Inc c/o Brandman at Stroock
    EIN:
    20-1451752
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 307,606 307,606    


    TY 2021 TaxesSchedule
    Name:
    The Carroll and Milton Petrie
     
    Foundation Inc c/o Brandman at Stroock
    EIN:
    20-1451752
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL TAXES 38,601 37,057   1,544
    FEDERAL EXCISE TAXES 336,524