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
ATTILIO & BEVERLY PETROCELLI FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)9 PARK PLACE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
GREAT NECK, NY110215030
A Employer identification number

20-1690418
B Telephone number (see instructions)

(516) 466-6464
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$28,108,062J 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) 1,500,000
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 930,658 930,658  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 104,696
b Gross sales price for all assets on line 6a 1,863,398
7 Capital gain net income (from Part IV, line 2)... 104,696
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 11,054 11,054 0
12 Total. Add lines 1 through 11........ 2,546,408 1,046,408 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0 0 0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 20,735 0 0 20,735
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 20,051 2,026 0 0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 2,520 826 0 0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 43,306 2,852 0 20,735
25 Contributions, gifts, grants paid....... 1,535,466 1,535,466
26 Total expenses and disbursements. Add lines 24 and 25 1,578,772 2,852 0 1,556,201
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 967,636
b Net investment income (if negative, enter -0-) 1,043,556
c Adjusted net income (if negative, enter -0-)... 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............. 38,317 24,017 24,017
2 Savings and temporary cash investments......... 66,172 45,169 45,169
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)      
b Investments—corporate stock (attach schedule)....... 5,078,864 Click to see attachment6,447,128 6,447,128
c Investments—corporate bonds (attach schedule)....... 7,288,470 Click to see attachment9,231,562 9,231,562
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 10,164,000 Click to see attachment12,360,186 12,360,186
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) 22,635,823 28,108,062 28,108,062
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 22,635,823 28,108,062
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 0 0
29 Total net assets or fund balances (see instructions)..... 22,635,823 28,108,062
30 Total liabilities and net assets/fund balances (see instructions). 22,635,823 28,108,062
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
22,635,823
2
Enter amount from Part I, line 27a .....................
2
967,636
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
4,504,603
4
Add lines 1, 2, and 3 ..........................
4
28,108,062
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
28,108,062
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 FRONTIER COMMUNIC P   2021-05-04
b GENWORTH HOLDINGS P   2021-12-15
c RITE AID CO REG-S P   2021-05-28
d MS CI AUTO AAPL P   2021-06-28
e L S C COMMUNICATIONS INC P   2021-03-17
HERMITAGE OFFSHORE P   2021-07-16
GENWORTH FINL, 7.625%21 P   2021-07-21
SYLVAMO CORP P   2021-10-01
FRONTIER COMMUNIC P   2021-05-04
MACY'S INC P   2021-08-02
RITE AID CO REG-S P   2021-05-28
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 1   1 0
b 213,274   198,597 14,677
c 32,000   32,006 -6
d 115,000   115,000 0
e     12,271 -12,271
    1,220 -1,220
101,230   99,848 1,382
14   3 11
12,012   13,956 -1,944
1,259,867   1,166,519 93,348
130,000   119,281 10,719
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       0
b       14,677
c       -6
d       0
e       -12,271
      -1,220
      1,382
      11
      -1,944
      93,348
      10,719
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 2 104,696
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Form 990-PF (2021)
Form 990-PF (2021)
Page 4
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 14,505
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 14,505
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 28,351
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 28,351
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 13,846
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet13,846 RefundedBullet 11 0
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
Yes
 
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)
    bulletDE, NY
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletMICHAEL WEINBAUM Telephone no.bullet (516) 466-6464

    Located atbullet9 PARK PLACE 4TH FLGREAT NECKNY ZIP+4bullet11021
    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)
    Yes
     
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
     
    No
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)? ......................
    1a(5)
     
    No
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.) ...............
    1a(6)
     
    No
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
    1b
     
    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
    ATTILIO PETROCELLI DIRECTOR
    1.00     		0 0 0
    9 PARK PLACE
    GREAT NECK,NY110215030
    BEVERLY PETROCELLI DIRECTOR
    1.00     		0 0 0
    9 PARK PLACE
    GREAT NECK,NY110215030
    JILL LAMORETTI DIRECTOR
    1.00     		0 0 0
    9 PARK PLACE
    GREAT NECK,NY110215030
    MICHAEL LAMORETTI DIRECTOR
    1.00     		0 0 0
    9 PARK PLACE
    GREAT NECK,NY110215030
    MELISSA WEINBAUM DIRECTOR
    1.00     		0 0 0
    9 PARK PLACE
    GREAT NECK,NY110215030
    MICHAEL J WEINBAUM DIRECTOR
    1.00     		0 0 0
    9 PARK PLACE
    GREAT NECK,NY110215030
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part VIII-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part VIII-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 NONE 0
    2  
    All other program-related investments. See instructions.
    3 Click to see attachment 0
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    25,491,039
    b
    Average of monthly cash balances.......................
    1b
    261,999
    c
    Fair market value of all other assets (see instructions)................
    1c
    575,944
    d
    Total (add lines 1a, b, and c).........................
    1d
    26,328,982
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    26,328,982
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    394,935
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    25,934,047
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    1,296,702
    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
    1,296,702
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    14,505
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    14,505
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,282,197
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    1,282,197
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
    7
    1,282,197
    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 1,282,197
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016......  
    b From 2017......  
    c From 2018...... 967,492
    d From 2019...... 1,218,929
    e From 2020...... 1,203,486
    f Total of lines 3a through e ........ 3,389,907
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 1,556,201
    a Applied to 2020, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2021 distributable amount..... 1,282,197
    e Remaining amount distributed out of corpus 274,004
    5 Excess distributions carryover applied to 2021. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 3,663,911
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2016 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		3,663,911
    10 Analysis of line 9:
    a Excess from 2017....  
    b Excess from 2018.... 967,492
    c Excess from 2019.... 1,218,929
    d Excess from 2020.... 1,203,486
    e Excess from 2021.... 274,004
    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
    MANDEL JEWISH COMMUNITY CENTER OF THE PALM BEACHES INC
    5221 HOOD ROAD
    BOYNTON BEACH,FL334722972     		  PC CHARITABLE 500
    ISLANDERS CHILDREN'S FOUNDATION
    15 VERBENA AVENUE
    FLORAL PARK,NY11001     		  PC CHARITABLE 375
    ALZHEIMER'S DRUG DISCOVERY FOUNDATION
    57 WEST 57TH STREET SUITE 904
    NEW YORK,NY10019     		  PC CHARITABLE 1,000
    TEMPLE BETH-EL OF GREAT NECK
    5 OLD MILL RD
    GREAT NECK,NY11023     		  PC CHARITABLE 3,291
    WATKINSON SCHOOL
    180 BLOOMFIELD AVENUE
    HARTFORD,CT06105     		  PC CHARITABLE 500
    HADASSAH THE WOMENS ZIONIST ORGANIZATION OF AMERICA
    40 WALL STREET
    NEW YORK,NY10005     		  PC CHARITABLE 1,800
    PAN-MASSACHUSETTS CHALLENGE INC
    77 4TH AVE
    NEEDHAM,MA024942704     		  PC CHARITABLE 500
    UNITED STATES HOLOCAUST MEMORIAL MUSEUM
    100 RAOUL WALLENBERG PL SW
    WASHINGTON,DC20024     		  PC CHARITABLE 5,000
    FRANKLIN PIERCE UNIVERSITY
    40 UNIVERSITY DR
    RINDGE,NH03461     		  PC CHARITABLE 500
    BREAST CANCER RESEARCH FOUNDATION
    28 W 44TH ST 609
    NEW YORK,NY10036     		  PC CHARITABLE 2,500
    THE SAMUEL WAXMAN CANCER RESEARCH FOUNDATION
    420 LEXINGTON AVE 825
    NEW YORK,NY10170     		  PC CANCER RESEARCH 1,000
    BREAST CANCER RESEARCH FOUNDATION
    28 W 44TH ST 609
    NEW YORK,NY10036     		  PC BREAST CANCER RESEARCH 450
    GREAT NECK CENTER FOR THE VISUAL & PERFORMING ARTS INC
    113 MIDDLE NECK RD
    GREAT NECK,NY11021     		  PC CHARITABLE 10,000
    FRIENDS OF THE ISRAEL DEFENSE FORCES
    60 EAST 42ND STREET
    NEW YORK,NY10165     		  PC CHARITABLE 5,000
    NORTHWELL HEALTH FOUNDATION
    972 BRUSH HOLLOW ROAD 5TH FL
    WESTBURY,NY11590     		  PC ADVANCED SURGICAL PAVILION 1,000,000
    JUPITER MEDICAL CENTER FOUNDATION
    1210 SOUTH OLD DIXIE HIGHWAY
    JUPITER,FL33458     		  PC EMERGENCY SERVICES 500,000
    WEST SIDE MONTESSORI
    73 STANWOOD ST
    PROVIDENCE,RI02907     		  PC CHARITABLE 500
    MEMORIAL SLOAN KETTERING CANCER CENTER
    885 2ND AVE 7TH FLOOR
    NEW YORK,NY10017     		  PC CHARITABLE 100
    UNITED JEWISH APPEAL FEDERATION OF JEWISH PHILANTHROPIES OF NY INC
    130 E 59TH ST
    NEW YORK,NY10022     		  PC WITNESS PROJECT 2021 - BELFERS 1,000
    THE AMERICAN CANCER SOCIETY
    132 W 32ND ST
    NEW YORK,NY10001     		  PC CHARITABLE 1,450
    Total .................................bullet 3a 1,535,466
    bApproved for future payment
    CROHN'S & COLITIS FOUNDATION
    120 BROADWAY 1050A
    NEW YORK,NY10271     		  PC JACOB PORTNOY MARATHON RUN 1,000
    JUPITER MEDICAL CENTER FOUNDATION
    1210 SOUTH OLD DIXIE HIGHWAY
    JUPITER,FL33458     		  PC EMERGENCY SERVICES 2,000,000
    Total .................................bullet 3b 2,001,000
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments ....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    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 ............     		    18 104,696  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aOTHER INCOME     		    14 11,054  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 0 1,046,408 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,046,408
    (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
    ATTILIO & BEVERLY PETROCELLI FOUNDATION
     
    Employer identification number

    20-1690418
    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
    ATTILIO & BEVERLY PETROCELLI FOUNDATION
          		Employer identification number
    20-1690418
    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
    UNITED CAPITAL CORP
     
    9 PARK PLACE
     
    GREAT NECK, NY11021

    		$ 1,500,000


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

    		$  


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

    		$  


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

    		$  


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

    		$  


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

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990) (2021)
    Schedule B (Form 990) (2021)
    Page 3
    Name of organization
    ATTILIO & BEVERLY PETROCELLI FOUNDATION
          		Employer identification number

    20-1690418
    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
    ATTILIO & BEVERLY PETROCELLI FOUNDATION
          		Employer identification number

    20-1690418
    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:
    ATTILIO & BEVERLY PETROCELLI FOUNDATION
    EIN:
    20-1690418
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE 20,735 0 0 20,735

    TY 2021 AllOthProgRltdInvestmentsSch
    Name:
    ATTILIO & BEVERLY PETROCELLI FOUNDATION
    EIN:
    20-1690418
    Category Amount
    NONE 0

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    ATTILIO & BEVERLY PETROCELLI FOUNDATION
    EIN:
    20-1690418
    Name of Bond End of Year Book Value End of Year Fair Market Value
    SEARS HOLDINGS CORP 6.625% 4,000 4,000
    WYNN LAS VEGAS LLC 540,750 540,750
    BANK OF AMERICA 6.22% 118,045 118,045
    RITE AID CORP 333,519 333,519
    TRANSOCEAN INC 191,218 191,218
    UNITED STATES CELLULAR CORP 196,020 196,020
    GENERAL MOTORS CO 236,360 236,360
    GOLDMAN SACHS GROUP INC 234,427 234,427
    XEROX CORP 111,500 111,500
    HESS CORP 123,762 123,762
    HP INC 266,356 266,356
    MACY'S RETAIL HOLDINGS INC VIACOM INC 104,675 104,675
    JEFFERIES FINANCIAL GROUP INC 66,426 66,426
    ACCRUED INTEREST 91,799 91,799
    SEARS HLDGS COR 770 770
    BANK OF AMERICA 7.25%GEORGIA-PACIFIC 198,585 198,585
    BANK OF AMERICA 7.75% 469,560 469,560
    CROWN HOLDINGS 108,562 108,562
    TELECOM ITALIA CAP 68,412 68,412
    BARRICK GOLD FIN 60,389 60,389
    MACY'S, INC 74,250 74,250
    JEFFERIES GROUP 69,086 69,086
    THE WESTERN UNION 61,909 61,909
    WESTERN UNION CO 61,792 61,792
    US STEEL CORP 55,500 55,500
    BANK OF AMERICA C 6.5% 365,670 365,670
    SPECTRUM MANAGEMENT 7.3% 70,346 70,346
    SPECTRUM MANAGEMENT 6.75% 67,617 67,617
    SPECTRUM MANAGEMENT 5.5% 59,984 59,984
    NEWMONT GOLDCORP 69,768 69,768
    TIME WARNER CAB 5.875% 61,986 61,986
    APOLLO INVESTMENT CORP 193,854 193,854
    WEYERHAEUSER CO 70,418 70,418
    VIACOMCBS INC 113,656 113,656
    PRUDENTIAL FINANCIAL INC 217,779 217,779
    DELL INC 128,989 128,989
    GEORGIA PACIFIC 97,082 97,082
    MURPHY OIL CORP STEP 172,260 172,260
    DEUTSCHE BANK AG 519,578 519,578
    AMERICAN AXLE & MANUFACTURINGINC 248,168 248,168
    TRANSOCEAN INC 58,314 58,314
    FRONTIER COMMUNICATIONS HOLDINGS LLC 1,023 1,023
    BATH & BODYWORKS INC 117,000 117,000
    LUMEN TECHNOLOGIES INC 53,625 53,625
    MURPHYOIL CORP 100,000 100,000
    MACY'S RETAIL HOLDINGS LLC 26,325 26,325
    VIACOMCBS INC 233,268 233,268
    JEFFERIES FINANCIAL GROUP INC 70,753 70,753
    MARATHON OIL CORP 144,025 144,025
    HEWLETT PACKARD ENTERPRISE CO 671,565 671,565
    ALCOA INC 59,063 59,063
    MAUSER PACKAGINGSOLUTIONS HOLDINGCOREG 300,762 300,762
    TRIUMPH GROUP INC 99,250 99,250
    COTY INC REGS 154,688 154,688
    TENNECO INC 192,250 192,250
    RACKSPACE TECHNOLOGYGLOBAL INC REGS 165,750 165,750
    PLANTRONICS INC REGS 157,369 157,369
    JAGUAR LAND ROVER AUTOMOTIVE PLC REGS 197,880 197,880
    NAVIENT CORP 123,825 123,825

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    ATTILIO & BEVERLY PETROCELLI FOUNDATION
    EIN:
    20-1690418
    Name of Stock End of Year Book Value End of Year Fair Market Value
    APPLE INC 298,317 298,317
    NEW YORK COMMUNITY BANCORP INC 244,200 244,200
    WILLIAMS CO INC 30,467 30,467
    ASTRAZENECA PLC ADS 291,250 291,250
    BP PLC ADS 5,166 5,166
    CITIGROUP INC 1,932 1,932
    BLACKSTONE GROUP INC 630,000 630,000
    FORD MOTORS 1,254,508 1,254,508
    PARK HOTEL RSRTS 197,296 197,296
    AT&T INC 607,128 607,128
    GLAXOSMITHKLINE PLC ADR 661,500 661,500
    KIMCO REALTY CORP MD 1,609,522 1,609,522
    PRUDENTIAL FINANCIAL INC 235,422 235,422
    TANGER FACTORY OUTLET CENTERS 63,046 63,046
    VALLEY NATL BANCORP 83,875 83,875
    FRONTIER COMMUNICATIONS CORP 9,850 9,850
    EXXON MOBIL CORP 223,649 223,649

    TY 2021 InvestmentsOtherSchedule2
    Name:
    ATTILIO & BEVERLY PETROCELLI FOUNDATION
    EIN:
    20-1690418
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    BANK OF AMERICA CORP FMV 422,655 422,655
    GETTY REALTY CORP REIT FMV 96,783 96,783
    APOLLO GLOBAL MGMT LP FMV 362,150 362,150
    SERVICE PPTYS TR FMV 70,320 70,320
    CARLYLE GROUP LP FMV 274,500 274,500
    STEPSTONE CAPITAL PARTNERS II FMV 39,989 39,989
    DOW INC FMV 215,706 215,706
    KIMCO REALTY CORP FMV 228,653 228,653
    SUNSTONE HOTEL INVTS FMV 171,739 171,739
    CPI CAPITAL PARTNERS ASIA PACI FMV 14,078 14,078
    CPI CAPITAL PARTNERS EUROPE FMV 8,942 8,942
    AMER ELECTRIC PWR CO FMV 444,850 444,850
    APPLE INC FMV 397,757 397,757
    BANK OF HAWAII CORP FMV 268,032 268,032
    BANK OF MONTREAL FMV 258,528 258,528
    BP PLC FMV 36,217 36,217
    BRISTOL-MYERS SQUIBB FMV 280,575 280,575
    CHEVRON CORP FMV 117,350 117,350
    CITIGROUP INC FMV 1,177,605 1,177,605
    DONNELLEY FINL SOLUT0050 FMV 29,463 29,463
    HARLEY DAVIDSON INC FMV 188,450 188,450
    HOST HOTELS & RESORT FMV 88,776 88,776
    INGEVITY CORP FMV 11,974 11,974
    INTERNTNL PAPER FMV 234,900 234,900
    MORGAN STANLEY FMV 490,800 490,800
    NEWELL BRANDS INC FMV 109,200 109,200
    NOBLE CORP PLC FMV 57 57
    NORDIC AMERN OFFSHOR FMV 41,236 41,236
    PITNEY BOWES INC FMV 33,150 33,150
    R M R GROUP INC FMV 4,578 4,578
    RR DONNELLEY & SONS FMV 18,759 18,759
    VERITIV CORP FMV 11,644 11,644
    WAL-MART STORES FMV 72,345 72,345
    WILLIAMS COMPANIES VIACOMCBS INC FMV 127,830 127,830
    WABTEC FMV 2,395 2,395
    ALTRIAL GROUP INC FMV 236,950 236,950
    BLACKSTONE GROUP INC FMV 646,950 646,950
    CENTERPOINT ENERGY FMV 139,550 139,550
    CORTEVA INC FMV 179,806 179,806
    DUPONT DE NEMOURS INC FMV 307,206 307,206
    GENERAL ELECTRIC CO FMV 59,044 59,044
    GLAXOSMITHKLINE PLC FMV 220,500 220,500
    KKR & CO INC FMV 372,500 372,500
    MARRIOTT INTL INC FMV 660,960 660,960
    MARRIOTT VACATIONS FMV 59,988 59,988
    MERCK & CO. INC FMV 383,200 383,200
    PACKAGING CORP OF AM FMV 680,750 680,750
    PFIZER INC FMV 295,250 295,250
    PROCTER & GAMBLE FMV 81,790 81,790
    SEAGATE TECHNOLOGY FMV 564,900 564,900
    TRANSOCEAN INC FMV 41,469 41,469
    UNILEVER PLC FMV 53,790 53,790
    VIACOMCBS INC FMV 150,900 150,900
    VIATRIS INC FMV 8,389 8,389
    WESTROCK CO FMV 44,671 44,671
    SYLVAMO CORP FMV 12,662 12,662
    ORGANON & CO FMV 15,225 15,225
    JPMORGAN CHASE & CO FMV 791,750 791,750

    TY 2021 OtherExpensesSchedule
    Name:
    ATTILIO & BEVERLY PETROCELLI FOUNDATION
    EIN:
    20-1690418
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT FEES 826 826 0 0
    OTHER EXPENSES 1,694 0 0 0


    TY 2021 OtherIncomeSchedule2
    Name:
    ATTILIO & BEVERLY PETROCELLI FOUNDATION
    EIN:
    20-1690418
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OTHER INCOME 11,054 11,054 0


    TY 2021 OtherIncreasesSchedule
    Name:
    ATTILIO & BEVERLY PETROCELLI FOUNDATION
    EIN:
    20-1690418
    Description Amount
    UNREALIZED GAIN / LOSS 4,504,603


    TY 2021 TaxesSchedule
    Name:
    ATTILIO & BEVERLY PETROCELLI FOUNDATION
    EIN:
    20-1690418
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES PAID 2,026 2,026 0 0
    FEDERAL TAXES -SEC 4940 18,000 0 0 0
    STATE OF DELAWARE 25 0 0 0