TY 2021 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
bullet

Go 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 Marino Health Foundation Inc

% Foundation Source

Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377

A Employer identification number

04-3403085

B Telephone number (see instructions)

(800) 839-1754

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$6,799,021J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)	500
2	Check .............
3	Interest on savings and temporary cash investments	427		427
4	Dividends and interest from securities...	135,438		135,438
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		655,126
b	Gross sales price for all assets on line 6a 1,678,449
7	Capital gain net income (from Part IV, line 2)...			655,127
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........	791,491		790,992
13	Compensation of officers, directors, trustees, etc.	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....		40,614	40,614
17	Interest...............	8
18	Taxes (attach schedule) (see instructions)...		9,050
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......	208			208
22	Printing and publications..........
23	Other expenses (attach schedule).......		27,120	14	27,106
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	77,000		40,628	27,314
25	Contributions, gifts, grants paid.......	293,334			293,334
26	Total expenses and disbursements. Add lines 24 and 25	370,334		40,628	320,648
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	421,157
b	Net investment income (if negative, enter -0-)			750,364
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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	509,158	395,266	395,266
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)	1,290,811	1,332,674	1,364,352
	b	Investments—corporate stock (attach schedule).......	2,612,238	3,048,405	4,191,257
	c	Investments—corporate bonds (attach schedule).......	786,599	843,618	848,146
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	5,198,806	5,619,963	6,799,021
	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 )
	23	Total liabilities (add lines 17 through 22).........	0	0
		Foundations that follow FASB ASC 958, check here
		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
		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	5,198,806	5,619,963
	29	Total net assets or fund balances (see instructions).....	5,198,806	5,619,963
	30	Total liabilities and net assets/fund balances (see instructions).	5,198,806	5,619,963

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

5,198,806

Enter amount from Part I, line 27a .....................

421,157

Other increases not included in line 2 (itemize) bullet

Add lines 1, 2, and 3 ..........................

5,619,963

Decreases not included in line 2 (itemize) bullet

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

5,619,963

Form 990-PF (2021)

Page 3

Part IV

Capital Gains and Losses for Tax on Investment Income

(a) List and describe the kind(s) of property sold (e.g., real estate, 2-story brick warehouse; or common stock, 200 shs. MLC Co.)		(b) How acquired P—Purchase D—Donation	(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1 a	Publicly-traded Securities
b
c
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	1,678,449	1,023,322	655,127
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			655,127
b
c
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	655,127
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 ...................		3

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 and enter “N/A" on line 1.
	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	10,430
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	10,430
6	Credits/Payments:

a	2021 estimated tax payments and 2020 overpayment credited to 2021	6a	8,305
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	2,400
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	10,705
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.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	275
11	Enter the amount of line 10 to be: Credited to 2022 estimated tax275	Refunded	11

Part VI-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?.........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

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?................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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 .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

Form 990-PF (2021)

Page 5

Part VI-A

Statements Regarding Activities (continued)

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

The books are in care of bullet

Foundation Source Telephone no. bullet

(800) 839-1754

Located at bullet

501 Silverside Road Suite 123WilmingtonDE ZIP+4 bullet

198091377

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

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

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)

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person? ..............................

1a(2)

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........

1a(3)

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............

1a(4)

(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)

(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)

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 ..........

Organizations relying on a current notice regarding disaster assistance check here........ bullet

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? .............

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)):

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?....................

If "Yes," list the years bullet

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year? ..............................

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.) .....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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? ..

Form 990-PF (2021)

Page 6

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........

5a(1)

(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)

(3) Provide a grant to an individual for travel, study, or other similar purposes? .............

5a(3)

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions ........................

5a(4)

(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)

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 ........

Organizations relying on a current notice regarding disaster assistance check here ......... bullet

If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant? .................

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract? .............................

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....

Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or

excess parachute payment during the year? .........................

Part 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
Brent A Bauer MD	Dir 1.0	0	0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Dir 1.0	0	0	0
Daniel V Calano	Dir 1.0	0	0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Dir 1.0	0	0	0
Prentiss Higgins	Dir, Treas 1.0	0	0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Dir, Treas 1.0	0	0	0
Lorraine Marino-Snyder	Dir, Pres 1.0	0	0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Dir, Pres 1.0	0	0	0
Rakel Meir	Dir 1.0	0	0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Dir 1.0	0	0	0
W Mason Smith III	Dir, Sec 1.0	0	0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Dir, Sec 1.0	0	0	0
Adria Warren	Dir 1.0	0	0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Dir 1.0	0	0	0

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










Total number of other employees paid over $50,000...................

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

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)

Page 8

Part IX

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

6,267,359

Average of monthly cash balances.......................

434,474

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

6,701,833

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

6,701,833

Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see

instructions) .............................

100,527

Net value of noncharitable-use assets. Subtract line 4 from line 3. .......

6,601,306

Minimum investment return. Enter 5% (0.05) of line 5................

330,065

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.)

Minimum investment return from Part IX, line 6..................

330,065

Tax on investment income for 2021 from Part V, line 5.......

10,430

Income tax for 2021. (This does not include the tax from Part V.) ...

Add lines 2a and 2b............................

10,430

Distributable amount before adjustments. Subtract line 2c from line 1............

319,635

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

319,635

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...

319,635

Part XI

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

Program-related investments—total from Part VIII-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4.

Form 990-PF (2021)

Page 9

Part XII

Undistributed Income (see instructions)

		(a) Corpus	(c) 2020	(d) 2021
1 Distributable amount for 2021 from Part X, line 7				319,635
2 Undistributed income, if any, as of the end of 2021:
a Enter amount for 2020 only.......			70,473
b Total for prior years:2019, 2018, 2017
3 Excess distributions carryover, if any, to 2021:
a From 2016......
b From 2017......
c From 2018......
d From 2019......
e From 2020......
f Total of lines 3a through e ........
4Qualifying distributions for 2021 from Part
XI, line 4: $ 320,648
a Applied to 2020, but not more than line 2a			70,473
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.....				250,175
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2021.
(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		0
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........
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 ...........
e Undistributed income for 2019. Subtract line 4a from line 2a. Taxable amount—see instructions .............
f Undistributed income for 2021. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2022 ..........				69,460
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) ...
9 Excess distributions carryover to 2022. Subtract lines 7 and 8 from line 6a ......		0
10 Analysis of line 9:
a Excess from 2017....
b Excess from 2018....
c Excess from 2019....
d Excess from 2020....
e Excess from 2021....	0

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 4942(j)(3) or4942(j)(5)

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	(e) Total

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).)

NONE

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

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

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)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
BOSTON COLLEGE TRUSTEES 140 COMMONWEALTH AVE CHESTNUT HILL,MA02467	N/A	PC	City Connects' Integrated Student Support Training for School Personnel	100,001
MOUNT AUBURN HOSPITAL 330 MOUNT AUBURN ST CAMBRIDGE,MA02138	N/A	PC	the hospital-based wellness initiatives of Mount Auburn Hospital	83,333
UNIVERSITY OF CALIFORNIA SAN FRANCISCO FOUNDATION PO BOX 45339 SAN FRANCISCO,CA94145	N/A	PC	Marino Health Foundation Fund for Pediatric Infectious Diseases	110,000
Total ................................. 3a				293,334

bApproved for future payment

Total ................................. 3b

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	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments ....
3 Interest on savings and temporary cash investments ...........			14	427
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	655,126
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) ..				790,991

13Total. Add line 12, columns (b), (d), and (e)..................

790,991

(See worksheet in line 13 instructions to verify calculations.)

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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)

Page 13

Part XVI

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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? ...........Yes No

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.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2021)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

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

TY 2021 DepreciationSchedule

Name:

The Marino Health Foundation Inc

EIN:

04-3403085

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

- TIN:

TY 2021 InvestmentsCorpBondsSchedule

Name:

The Marino Health Foundation Inc

EIN:

04-3403085

Name of Bond	End of Year Book Value	End of Year Fair Market Value
AMERICAN EXPRESS CREDIT MTN BO	56,141	53,526
APPLE INC NOTE CALL - 3.350% -	51,366	54,298
BANK AMER CORP FR - 3.300% - 0	52,506	51,372
CISCO SYSTEMS INC - 3.625% - 0	26,358	26,527
CITIGROUP INC - 1.875% - 03/31	51,414	50,271
INTEL CORP - 3.150% - 05/11/20	50,677	53,635
INTEL CORP NOTE CALL MAKE WHOL	25,926	26,987
JP MORGAN CHASE - 3.625% - 05/	51,157	52,916
MICROSOFT CORP - 3.125% - 11/0	52,283	53,337
MORGAN STANLEY - 3.125% - 07/2	27,098	26,483
ORACLE CORP - 3.625% - 07/15/2	52,690	51,815
PEPSICO INC - 3.600% - 03/01/2	25,989	26,350
PFIZER INC NT - 3.400% - 05/15	52,351	52,847
PROCTER &GAMBLE CO - 3.000% -	54,586	54,398
SALESFORCE COM - 3.700% - 04/1	58,958	55,522
VISA INC NOTE - 3.150% - 12/14	51,901	53,316
WAL MART - 3.300% - 04/22/2024	50,878	52,326
WELLS FARGO - 3.000% - 02/19/2	51,339	52,220

- TIN:

TY 2021 InvestmentsCorpStockSchedule

Name:

The Marino Health Foundation Inc

EIN:

04-3403085

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ABBOTT LABS	11,035	16,889
ADOBE SYSTEMS, INC	5,531	18,713
ALNYLAM PHARMACEUTICALS, INC	5,943	6,783
ALPHABET INC CL A	19,024	37,662
ALPHABET INC CL C	10,314	43,404
ALPS CLEAN ENERGY ETF	147,434	132,149
AMAZON COM	14,624	63,352
AMERICAN TOWER REIT INC	5,054	10,530
AMERICAN WATER WORKS COMPANY I	4,618	6,988
AMERIPRISE FINANCIAL INC	5,373	12,971
AMETEK INC	4,236	8,087
AMPHENOL CORPORATION	5,081	12,157
ANALOG DEVICES INC	7,197	15,116
ANSYS INC	2,556	11,632
APPLE INC	5,573	40,486
APTIV PLC	3,895	8,577
ASHLAND GLOBAL HOLDINGS	2,254	3,553
ASTRAZENECA	15,392	16,660
AT INCOME OPPORTUNITIES FUND I	129,675	198,346
AUTODESK, INC	3,188	7,030
AUTOMATIC DATA PROCESSING INC	4,293	13,069
AUTOZONE INC	5,698	18,868
AVATAR HOLDINGS INC.	7,090	12,516
AZEK COMPANY INC CL A	4,113	4,439
BARCLAYS ETN PLUS SELECT MLP	85,138	79,332
BERRY PLASTICS GROUP INC	3,022	6,566
BLACKROCK INC	6,053	12,818
BOOKING HOLDINGS INC	18,460	19,194
CADENCE DESIGN SYSTEMS INC	6,769	14,349
CATALENT INC	5,208	6,658
CDW CORP	6,293	9,829
CHARLES RIV LABORATORIES INTL	6,968	12,057
CHARLES SCHWAB CORP	12,345	24,305
CHEVRON CORP	8,966	8,567
CHEWY INC	3,286	2,772
CHIPOTLE MEX GRILL	9,469	12,238
CHURCH & DWIGHT	2,572	6,560
CINTAS CRP	3,357	5,761
CISCO SYSTEMS INC	12,714	24,397
CME GROUP, INC	6,748	7,768
COHEN & STEERS PREFRRD SECS &	150,940	148,335
COSTAR GROUP, INC	2,125	4,821
COSTCO WHOLESALE CORPORATION	10,502	18,166
CROWN HOLDINGS INC	3,587	8,297
D R HORTON	4,467	5,097
DANAHER CORP	5,768	22,702
DOLLAR GENERAL CORP	8,582	13,442
DOMINOS PIZZA INC	3,367	7,336
DYNATRACE	4,123	6,518
ECOLAB INC	8,645	11,026
EDWARDS LIFESCIENCES	3,369	13,473
ENCOMPASS HEALTH CORPORATION	3,974	6,657
ENPHASE ENERGY ORD SHS	7,638	9,330
ENTEGRIS INC	5,348	9,978
EPAM SYSTEMS INC	2,087	22,727
F M C CP	2,912	6,264
FIDELITY NATIONAL INFORMATION	11,244	13,425
FISERV INC	8,187	11,936
FIVE BELOW INC	5,521	7,862
FLEETCOR TECHNOLGIES INC	3,328	4,701
FLOOR AND DECOR HOLDINGS	6,106	7,801
GENPACT LIMITED	2,940	5,680
GLOBAL PAYMENTS INC	7,502	8,787
GOODRX HOLDINGS CL A	7,916	6,471
HOME DEPOT INC	12,081	28,221
HONEYWELL INTL	17,753	24,604
HOWMET AEROSPACE ORD SHS	2,641	2,387
HUBBELL INCORPORATED	2,732	5,207
HUMANA INC	2,334	6,958
IAA INC	3,270	4,303
ICON PLC - AMERICAN DEPOSITARY	4,810	6,504
IDEX CP	5,353	8,271
INGERSOLL-RAND INC	6,460	8,105
INTERCONTINENTAL EXCHANGE, INC	6,745	12,446
JAZZ PHARMACEUTICALS INC	3,987	3,058
JP MORGAN CHASE	7,907	22,961
JPMORGAN MID CAP VALUE FUND	189,708	211,732
KEYSIGHT TECHNOLOGIES INC	5,763	13,423
KLA TENCOR CORP	4,285	9,032
LAZARD GLOBAL LISTED INFRASTRU	102,294	100,164
LIBERTY BROADBAND CORPORATION	2,453	3,222
LINDE PLC COM	7,612	15,936
LIVENT CORPORATION	1,994	3,852
MARRIOTT INTERNATIONAL INC. CL	4,706	6,940
MARTIN MARIETTA MATLS INC	10,931	13,216
MARVELL TECHNOLOGY, INC	3,947	12,774
MASCO CORP	3,297	6,039
MATTHEWS PACIFIC TIGER FUND I	220,619	227,691
MEDTRONIC PLC	8,997	11,586
MFS INSTITUTIONAL INVESTORS TR	158,059	204,761
MICROCHIP TECHNOLOGY INC	4,421	14,626
MICROSOFT CORP	14,716	86,098
MONDELEZ INTERNATIONAL INC	8,841	10,941
MONSTER BEVERAGE CORP	2,943	6,819
MSCI INC	1,641	11,641
NEXTERA ENERGY, INC	13,725	22,593
ON SEMICONDUCTOR	6,098	6,996
OSHKOSH CORP	3,683	4,508
OTIS WORLDWIDE CORP	9,734	14,976
PALO ALTO NETWORKS INC	11,018	14,476
PENTAIR INC. COM	1,478	2,775
PEPSICO INC	7,548	12,507
PIMCO COMMODITY REAL RETURN ST	150,000	136,071
PIONEER NAT RES CO	13,546	16,187
PLANET FITNESS INC	6,150	6,975
PNC FINANCIAL GROUP INC	12,569	18,247
POLEN GROWTH FUND INSTITUTIONA	254,746	455,851
PTC INC	4,347	10,419
QUALCOMM INC	5,480	17,556
RAYTHEON TECHNOLOGIES CORP	17,041	19,966
REGAL REXNORD CORP	3,492	6,467
RESMED INC	6,556	9,898
ROPER INDUSTRIES	14,114	23,609
ROSS STORES, INC	2,834	5,600
S&P GLOBAL INC COM	14,121	20,293
SALESFORCE.COM	17,434	22,872
SBA COMMUNICATIONS CORP	3,694	14,394
SKYWORKS SOLUTIONS, INC	2,506	5,430
SMARTSHEET INC	5,862	8,674
SPROUTS FARMERS MARKET INC	2,948	4,274
STANLEY BLACK & DECKER INC	15,919	16,033
STRYKER CORPORATION	4,666	10,429
SYNOPSYS, INC	6,365	12,161
T-MOBILE US INC	14,402	20,528
T. ROWE PRICE INSTL FLOATING R	150,000	149,846
TANDEM DIABETES CARE INC	4,460	7,074
TE CONNECTIVITY LTD	14,555	17,747
TELEFLEX INC	4,258	5,584
THE BLACKSTONE GROUP INC CL A	8,890	23,420
THERMO FISHER SCIENTIFIC INC	3,806	20,017
TJX COMPANIES INC	5,546	8,275
TRACTOR SUPPLY CO COM	4,210	10,976
TRANSUNION COM USD0.01	3,049	8,538
TWEEDY BROWNE GLOBAL VALUE FUN	159,181	167,288
TWILIO INC	4,637	4,477
UNION PACIFIC	7,833	17,131
UNITEDHEALTH GROUP INC	9,051	33,141
US BANCORP	13,976	16,008
US FOODS HOLDING CORPORATION	4,167	3,622
VARONIS SYSTEMS INC	7,424	6,878
VIRTUS EMERGING MARKETS OPPTS	216,631	212,130
VISA INC	20,653	35,107
WALT DISNEY HOLDINGS CO	16,045	16,263
WESTERN ALLIANCE BANCORPORATIO	8,098	8,827
ZOETIS INC	8,105	16,350
ZURN WATER SOLUTIONS	1,717	4,295

- TIN:

TY 2021 InvestmentsGovtObligationsSch

Name:

The Marino Health Foundation Inc

EIN:

04-3403085

US Government Securities - End of Year Book Value:

1,332,674

US Government Securities - End of Year Fair Market Value:

1,364,352

State & Local Government Securities - End of Year Book Value:

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

- TIN:

TY 2021 OtherExpensesSchedule

Name:

The Marino Health Foundation Inc

EIN:

04-3403085

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
Administrative Fees	24,539		24,539
Bank Charges	14	14
State or Local Filing Fees	54		54
Storage Fee	2,010		2,010
Website Hosting/Support	239		239
CREDIT CARD FEES	264		264

- TIN:

TY 2021 OtherProfessionalFeesSchedule

Name:

The Marino Health Foundation Inc

EIN:

04-3403085

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Investment Management Services	40,614	40,614

- TIN:

TY 2021 TaxesSchedule

Name:

The Marino Health Foundation Inc

EIN:

04-3403085

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
990-PF Estimated Tax for 2021	8,300
990-PF Extension for 2020	750