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
WARWICK SAVINGS FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)CO 72 WESTWOOD DRIVE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NEWBURGH, NY12550
A Employer identification number

06-1504632
B Telephone number (see instructions)

(845) 986-8717
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$5,464,363J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 72,213 72,213  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 367,727
b Gross sales price for all assets on line 6a 1,647,216
7 Capital gain net income (from Part IV, line 2)... 367,727
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........ 439,940 439,940  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 13,000 6,500   6,500
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 7,293 3,646   3,647
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 2,330 2,330   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 7,379 4,935   2,444
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 30,002 17,411   12,591
25 Contributions, gifts, grants paid....... 258,125 258,125
26 Total expenses and disbursements. Add lines 24 and 25 288,127 17,411   270,716
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 151,813
b Net investment income (if negative, enter -0-) 422,529
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 6,893 58,233 58,233
2 Savings and temporary cash investments......... 52,262 240,135 240,135
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).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 3,734,607 Click to see attachment3,655,386 5,165,995
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment4,384 Click to see attachment0 Click to see attachment0
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 3,798,146 3,953,754 5,464,363
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) Click to see attachment17,765 Click to see attachment22,736
23 Total liabilities (add lines 17 through 22)......... 17,765 22,736
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 3,780,381 3,931,018
29 Total net assets or fund balances (see instructions)..... 3,780,381 3,931,018
30 Total liabilities and net assets/fund balances (see instructions). 3,798,146 3,953,754
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
3,780,381
2
Enter amount from Part I, line 27a .....................
2
151,813
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
8,178
4
Add lines 1, 2, and 3 ..........................
4
3,940,372
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
9,354
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
3,931,018
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 OPPENHEIMER P    
b OPPENHEIMER P    
c STERLING P    
d ISHARES SILVER TR ISHARES P    
e SPDR GOLD TR GOLD SHS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 441,182   420,699 20,483
b 1,071,934   778,313 293,621
c 129,986   76,980 53,006
d 701   660 41
e 3,413   2,837 576
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       20,483
b       293,621
c       53,006
d       41
e       576
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 2 367,727
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 5,873
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 5,873
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 4,384
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 4,856
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 9,240
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 3,367
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet3,367 RefundedBullet 11 0
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletNY
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletThe Foundation Telephone no.bullet (845) 986-8717

    Located atbulletC/O 72 WESTWOOD DRIVENEWBURGHNY ZIP+4bullet12550
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2021, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
     
    No
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
     
    No
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)? ......................
    1a(5)
     
    No
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.) ...............
    1a(6)
     
    No
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
    1b
     
     
    c
    ........bullet
    d
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2021? .............
    1d
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2021.) .....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    No
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
    5b
     
     
    c
    .........bullet
    d
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant? .................
    5d
     
     
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract? .............................
    6a
     
    No
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    7a
     
    No
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .........................
    8
     
    No
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    JOHN McDERMOTT III PRESIDENT/DIRECTOR
    0.00     		0 0 0
    72 WESTWOOD DRIVE
    NEWBURGH,NY12550
    THOMAS SULLIVAN VICE PRESIDENT / DIRECTOR
    0.00     		0 0 0
    117 MAPLE AVENUE PO BOX 266
    MONROE,NY10950
    ROGER VANDER PLAAT TREASURER & DIRECTOR
    0.00     		0 0 0
    C/O LAZEAR SMITH VANDER PLAAT 17
    OAKLAND AVE
    WARWICK,NY10990
    ROBERT M KENNEDY III DIRECTOR & ASST.TREASURER
    0.00     		0 0 0
    C/O KENNEDY COS 8 FORESTER AVE PO
    BOX 600
    WARWICK,NY10990
    JANE MCDERMOTT MALLEY DIRECTOR
    0.00     		0 0 0
    2027 STATE ROUTE 17K
    MONTGOMERY,NY12549
    TRISHA NAJORK DIRECTOR
    0.00     		0 0 0
    215 OAK STREET
    NEWBURGH,NY12550
    ELLEN M DALEY SECRETARY
    4.00     		0 0 0
    445 FROZEN RIDGE ROAD
    MARLBORO,NY12542
    PAUL GRATZEL DIRECTOR
    0.00     		0 0 0
    11 HORIZON FARMS DRIVE
    WARWICK,NY10990
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part VIII-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part VIII-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    5,080,375
    b
    Average of monthly cash balances.......................
    1b
    4,513
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    5,084,888
    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
    5,084,888
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    76,273
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    5,008,615
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    250,431
    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
    250,431
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    5,873
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    5,873
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    244,558
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    244,558
    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
    244,558
    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 7 244,558
    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...... 74,808
    b From 2017...... 138,336
    c From 2018...... 44,069
    d From 2019...... 51,720
    e From 2020...... 29,312
    f Total of lines 3a through e ........ 338,245
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 270,716
    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..... 244,558
    e Remaining amount distributed out of corpus 26,158
    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 5 364,403
    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) ...     		74,808
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		289,595
    10 Analysis of line 9:
    a Excess from 2017.... 138,336
    b Excess from 2018.... 44,069
    c Excess from 2019.... 51,720
    d Excess from 2020.... 29,312
    e Excess from 2021.... 26,158
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2021, enter the date of the ruling ....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part IX, line 6 for each year listed ..     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XIV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    ELLEN DALEY SECRETARY
    445 FROZEN RIDGE ROAD
    MARLBORO,NY12542
    (845) 542-0679
    warwick.savings@gmail.com.
    bThe form in which applications should be submitted and information and materials they should include:
    WRITTEN
    cAny submission deadlines:
    SEPTEMBER 30 OF EACH YEAR
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NONE
    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
    BACKPACK SNACK ATTACK
    SEE ATTACHED
    WARWICK,NY10990     		    Backpack Snack Attack's mission is to feed all of the students referred by schools in Warwick Township who have shown signs of hunger and who qualify through the free/reduced meal program. With the Foundation's support, the organization fed nearly 300 children each week during the school year. All public schools in Warwick, Florida and Greenwood Lake districts are included in the program. Teachers and school personnel identify the hungry children and refer them to Backpack Snack Attack. The organization also supplies food on weekends to the children during the school year. 5,000
    BON SECOURS CHARITY HEALTH SYSTEM
    SEE ATTACHED
    WARWICK,NY10990     		    Funds were used to upgrade inpatient rooms and visitor areas in the Orthopedic Unit. To date, it is estimated that approximately 360 patients and their visitors benefited from the grant. Delivery will begin in November of new white boards, 3 drawer chests, over-bed tables and recliner and visitor chairs for each of the seven patient rooms on this unit. These purchases compliment the larger overarching project, expansion of surgical services and addition of an operating suite, which will begin construction during 2022. Overall, Foundation support has allowed the hospital to expand and enhance health services so people in Warwick and surrounding communities can receive the care they need close to home. 37,225
    FEARLESS HUDSON VALLEY (FORMERLY SAFE HOMES OF ORANGE COUNTY)
    SEE ATTACHED
    NEWBURGH,NY10550     		    Funds enabled Fearless! to bridge the gap between homelessness and stability for domestic violence and human trafficking survivors in Orange County by providing financial assistance for housing-related expenses. The funding allowed Fearless! to support clients in finding and keeping safe, affordable and permanent housing. The grant award amount has been allocated to provide much-needed support to 10 individuals (four adult survivors and their six children). In addition to receiving financial support to enable survivors and their children to access safe, affordable housing, these individuals received and continue to receive ongoing services, including advocacy, accompaniment and support, case management and therapeutic counseling to aid in healing from the trauma and abuse they have experienced. 10,000
    FLORIDA HISTORICAL SOCIETY
    SEE ATTACHED
    FLORIDA,NY10921     		    The grant is enabling the Society to continue to restore the basement middle room in the Ray Green Home, (i.e., the one-room schoolhouse). This work included re-grouting and repairing water damage to the stone walls, pouring concrete, removing floor joists, installing field stones, installing framing to put the paneling back in place, and much more. The society has worked tirelessly for the past six years to restore and preserve the Green Family Homestead and present it and its legacy as a key educational component of the village. The funds support these efforts tremendously 5,000
    GREYSTONE PROGRAM
    SEE ATTACHED
    HOPEWELL JUNCTION,NY12533     		    Greystone, which supports children, adults and families living with autism and other developmental disabilities, utilized grant funds to purchase six iPads for use in Club ATLAS and Club Aspire. Club ATLAS assists each individual in achieving his/her highest level of independence with support, encouragement, training, education and ample exposure to community opportunities that enhance the quality of their lives. Use of the iPads increased individual's communication and social skills, enhanced attention to task through interactive and other education games, and improved completion of homework and reading skills. In short, the iPads significantly increased the independence of the participants in the program. 2,500
    HABITAT FOR HUMANITY OF GREATER NEWBURGH
    SEE ATTACHED
    NEWBURGH,NY12550     		    The Foundation has supported Habitat since 1999, enabling the organization to become a model for sustainable community development. The most recent grant had a positive impact on Habitat's Bridging Blocks Project-Phase II for houses at 162 North Miller Street and 139/141 Johnston Street. All three homes are new builds, replacing dilapidated structures that had been demolished by the City of Newburgh. The home at 162 North Miller Street is entering the finishing stage. Despite only having broken ground on 139 and 141 Johnston Street in February of 2022, significant progress has been made and completion is expected before the end of the year. To date, Habitat has rehabilitated or constructed 102 homes in the City of Newburgh and partnered with more than 120 families through their home ownership program. Habitat is currently the largest developer of single-family homes in the City of Newburgh, furthering the organization's mission of providing decent, affordable housing. 10,000
    HISTORICAL SOCIETY OF THE TOWN OF WARWICK
    SEE ATTACHED
    WARWICK,NY10990     		    The Historical Society of the Town of Warwick was founded in 1906 by a group of local residents with a vision to preserve and celebrate the history of the Town of Warwick and its people by educating and engaging the public in things of historical relevance. As a result of recent Foundation funding, multiple WHS properties are undergoing renovations and repairs, preparing the properties for new interactive history exhibits and experiences. Upgrades in technology and exhibit materials are going, allowing the organization's departments to better serve their mission and investing in the infrastructure for the future. Foundation support enables the Society to make strides in all their work, documenting the history happening today for tomorrow's generations, and carefully tending the items and properties entrusted to the organization. 5,000
    HOOPS EXPRESS INC
    SEE ATTACHED
    NEWBURGH,NY10550     		    The grant is in continued support of Hoops Express' UTurn Program. The program provides mentoring, educational support and community services to an additional 70 Orange County area low-income, high-risk youths and their families. Foundation funding is critical to helping Hoops Express navigate the unprecedented circumstances of 2022 as it provides services to our most vulnerable population. 7,500
    HOSPICE OF ORANGE & SULLIVAN COUNTIES INC
    SEE ATTACHED
    NEWBURGH,NY12550     		    Hospice is celebrating the 34th anniversary of providing patients and families with compassionate physical, emotional and spiritual end of life care with comfort, dignity and respect. In 2021, Hospice staff and volunteers provided care and support to 1,361 patients and their families and registered 64,910 days of care to patients in homes, hospitals, group homes, skilled nursing facilities, and the Kaplan Family Hospice Residence. The Foundation grant has had a tremendous impact on the everyday operations of Hospice, also supporting its Bereavement Support Groups for families and children, which are open to the public free of charge. Hospice is also actively involved in veterans organizations 50,000
    INSPIRE - CP CENTER
    SEE ATTACHED
    GOSHEN,NY10924     		    For over 70 years, Inspire has been providing programs and services for children and adults with disabilities through day habilitation, community habilitation, social and recreational programs, speech/language pathology and more. The most recent Foundation funding was used for the replacement of an awning at the entrance of the Inspire Kids Preschool in Goshen. The intent was for this project to be complete, but Inspire had difficulty finding an awning vendor due to staffing issues. However, a vendor has now been selected and has agreed to replace the awning in the fall of 2022. 15,000
    MEALS ON WHEELS OF GREATER NEWBURGH INC
    SEE ATTACHED
    NEWBURGH,NY12550     		    The grant has been used for operating expenses, all of which are program-related and greatly needed. Support has helped Meals on Wheels purchase groceries and prepare home-style, nutritious meals that dedicated volunteers deliver to those who are homebound and in need. The organization was also able to prepare frozen meals and shelf-stable food for their recipients to keep on hand for unforeseen emergencies. In short, the funds help the organization to help those they serve to live where they want to be at home with independence and dignity. 5,000
    NEWBURGH ARMORY UNITY CENTER INC
    SEE ATTACHED
    NEWBURGH,NY12550     		    The funding is being used to enhance elements of the Center's Saturday Morning Enrichment Program (SMEP), which remains the cornerstone of the NUAC's mission to provide high-quality academic enrichment, early childhood literacy programs, career exploration pathways to children and families in the Newburgh Enlarged City School District. In 2022, NUAC has served 600 students per 12-week session, expanded class offerings to over 30, and offered 1,651 hours of instruction per week, matching pre-pandemic numbers. Programming also includes sports, games, a garden with chickens, rabbits and honeybees, and an afterschool leadership program for youth aged 13-17. During 2021-22, the Center also made a number of capital improvements and added clothing and personal hygiene supplies to its monthly food distribution program. 15,000
    NEWBURGH MINISTRY
    SEE ATTACHED
    NEWBURGH,NY12550     		    Funding was used to provide linens for the beds at the organization's new warming station, located on Bridge Street in the City of Newburgh. While the Ministry had operated warming stations in the past at various locations, funding from Orange County has allowed them to operate this site year-round and as such, they now have a permanent location and need to outfit it accordingly on an extremely tight budget. Since the official opening in January, they have served 72 clients, many of whom spend long periods of time living at the warming station. Beds have been full since opening and it is expected that this will continue through the summer, fall and winter 3,500
    NORA CRONIN PRESENTATION ACADEMY
    SEE ATTACHED
    NEWBURGH,NY12553     		    Nora Cronin Presentation Academy serves girls living in poverty in the City of Newburgh. The grant supports general operating expenses and has enabled NCPA to have flexibility to respond quickly and seamlessly to the changing safety landscape in the age of COVID. This included many unforeseen expenses to assure maximum safety for students and staff. In addition, the school's biggest fundraiser had to be cancelled, resulting in a loss of approximately $100,00, which is normally used for operating expenses. The support also enabled NCPA to provide necessary technology for staffers to deliver compelling lessons virtually when necessary. Without grants and donations, it would not be possible to have the impact that Nora Cronin has had since its founding in 2006. This and previous grants from the Foundation have allowed NCPA to continue fulfilling its mission to help impoverished young girls reach their full potential and develop into productive, self-supporting citizens and community leade 10,000
    PROJECT LIFE (NEWBURGH INTERFAITH EMERGENCY HOUSING INC)
    SEE ATTACHED
    NEWBURGH,NY12550     		    Foundation funding has allowed Project Life to provide upgrades that were badly needed to help the homeless families residing at Project Life. Specifically, new Wi-Fi and telephone systems are now in place as a result of Foundation support. The Wi-Fi system allows the children to access their classroom virtually when necessary 5,000
    SAFE HARBORS OF THE HUDSON
    SEE ATTACHED
    NEWBURGH,NY12550     		    Safe Harbors is an innovative, mixed-use housing and arts re-development project in the City of Newburgh. Foundation funding was intended to support Safe Harbors Cornerstone Tenant Services program, specifically to provide for the GED program; computer lab upgrades and maintenance; computer literacy classes; cultural engagement programs; skills development; writing workshops and quilting classes as well as supplementing operations to include a portion of our Director of Resident Services' salary. Safe Harbors includes the Cornerstone Residence, supportive housing for 128 single adults including the formerly homeless, veterans, those living with a mental health diagnosis, artists and low-income working adults in need of safe, affordable housing. 5,000
    SPECIAL OLYMPICS NY-HUDSON VALLEY REGION
    SEE ATTACHED
    WAPPINGER FALLS,NY12590     		    Special Olympics provides year-round sports training and athletic competition in 23 Olympic-style sports for more than 67,000 children and adults with intellectual disabilities. Foundation funding provided athletes opportunities to sustain or improve their physical well-being and health maintenance, develop better self-confidence and personal coping skills that will promote increased productivity and involvement in school and community functions and learn normalization skills while enjoying lifeexperiences via sports that can be effectively applied to living every day as fully and rewarding as possible. The Foundation helped Special Olympics sponsor nine athletes, underwriting expenses associated with their annual event including awards, transportation, uniforms and equipment 3,000
    ST GEORGE'S FOOD PANTRY
    SEE ATTACHED
    NEWBURGH,NY10550     		    The number of clients that St. George's serves has more than doubled since the start of the pandemic two years ago. Before COVID, they served an average of 25 households weekly. They now average 60 households weekly. With Foundation funding, they continue to be able to feed this increase of clients. The organization's target population is single mothers, the elderly and poor, and working class individuals. St. George's has been able to increase the amount and variety of food given. They purchase additional food from supermarkets or clubs that may not be available at the Food Bank. They also provide the five food groups, as well as hygiene products, paper supplies and cleaning aids. 5,000
    THE CANCER RESOURCE CENTER OF THE HUDSON VALLEY
    SEE ATTACHED
    MONTGOMERY,NY12549     		    The Cancer Resource Center's mission is to connect cancer patients and their families to resources, services, programs and organizations on a national, state, local and regional level to make the cancer journey easier. Foundation funding has been an integral part of their operating budget to help soften the blow of fundraising challenges since 2020. Since November 2021, Foundation funding has enabled the Center to navigate more than 180 newly-diagnosed patients through the care continuum, guide over 75 patients to qualified practitioners, and help more than 60 patients with $6,800 in gift cards and $2,200 in targeted patient expenses. The Foundation continues to help the Cancer Resource Center make the cancer journey easier for those affected by this devastating disease. 7,500
    WARWICK ECUMENICAL FOOD PANTRY
    SEE ATTACHED
    WARWICK,NY10990     		    The pantry's mission is to alleviate food insecurity, and the hunger and distress that result. It uses the funds to improve its ability to serve hungry people in the Town of Warwick, without regard to race, color, citizenship, religion, sex, sexual orientation or gender identity, national origin, age, marital status, disability, etc. During 2021, the pantry received 1,192 visits and served 3,823 people in households that ranged in size from a single occupant to multi-generational families with multiple children. Clients receive shopping bags filled with groceries, frozen foods (meat, poultry, fish, vegetables and cheese), and personal hygiene and household cleaning items. In addition to facilitating the feeding of those in need, Foundation support of the pantry also provides institutional validation of the work they do in the community. 5,000
    WINSLOW THERAPEUTIC RIDING UNLIMITED INC
    SEE ATTACHED
    WARWICK,NY10990     		    Winslow Therapeutic Riding Center provides a unique, restorative, and empowering experience, offering equine-assisted services that encourage adults and children with severe disabilities and those from low socioeconomic backgrounds to grow and learn through diverse and educational programs. Because of support from the Foundation and another donor, the Center acquired another equine, which has made it through the trial period and integrated into the program. Funding not only allowed Winslow to host a program for veterans with severe PTSD, but also to send Adult Day Programs out on excursions that helped promote independence and self-esteem. Long-term goals include bringing in a mental health professional and getting two instructors certified as Equine Specialists in Mental Health Learning at a different pace. 15,000
    YOU ARE BEAUTIFUL PEOPLE INC (DBA BEAUTIFUL PEOPLE)
    SEE ATTACHED
    WARWICK,NY10990     		    With grant funds, Beautiful People was able to hire a part-time program coordinator to help double the number of programs that they provide for their athletes. Beginning in January of 2022, they began running two separate programs concurrently, increasing program days from about 40 per year in 2021 to a projected 90 in 2022. They were also able to add special bonus programs including a Family Fun Night at WB Ball in Middletown, horseback riding at Window Therapeutic Center, a night at the Renegades, and more. Since its founding in 2006, Beautiful People's mission has been to build bridges between children with disabilities and their families and the broader Orange County community by providing adaptive sports programs for ages 5 and up. The Foundation has been a major part of that effort 15,000
    GOOD SHEPHERD LUTHERAN CHURCH
    SEE ATTACHED
    WARWICK,NY10990     		    The grant provided support for the church's "Soup for the Soul" community outreach. The program distributed 4,411 pints of soup from November 3 through April 13. Everyone was welcome and no questions were asked. The funds were also applied to the purchase of the eco-friendly soup containers ($1,620), rolls ($377.25) and Ziploc bags ($73.70). 2,000
    MIDDLETOWN-GOSHEN CONVALESCENT CHILDERN'S HOME
    SEE ATTACHED
    MIDDLETOWN,NY10940     		    Braeside offers a summer experience for boys and girls of Orange County aged five to 16. The funds were used to complete much-needed roofing repairs on both the infirmary and a portion of the main house which is used as the camp office. The funds were also used to cover an unexpected expense: a new chlorinator for the pool, enabling it to be used and enjoyed by campers and to meet Department of Health regulations. Without Foundation funding, these repairs could not have bene made before camp season started 13,900
    NEW MILFORD HISTORICAL SOCIATY
    SEE ATTACHED
    NEW MILFORD,NY10959     		    IMPACT STATEMENT WAS NOT RECEIVED FROM RECIPIENT. In their application for funding, the grant was requested "to sustain our society and museum by helping with insurance payments, grounds maintenance, utilities and general upkeep of buildings 1,000
    Total .................................bullet 3a 258,125
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments ....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities ....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income .....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		        367,727
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 0 72,213 367,727
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    439,940
    (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.)
    7 SEE ATTACHED
    8 SEE ATTACHED
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below?
    See instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2021)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2021 AccountingFeesSchedule
    Name:
    WARWICK SAVINGS FOUNDATION
    EIN:
    06-1504632
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING 7,293 3,646   3,647

    TY 2021 InvestmentsOtherSchedule2
    Name:
    WARWICK SAVINGS FOUNDATION
    EIN:
    06-1504632
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    OPPENHEIMER & CO., INC AT COST 3,655,386 5,165,995

    TY 2021 OtherAssetsSchedule
    Name:
    WARWICK SAVINGS FOUNDATION
    EIN:
    06-1504632
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    PREPAID FEDERAL EXCISE TAX 4,384 0 0


    TY 2021 OtherDecreasesSchedule
    Name:
    WARWICK SAVINGS FOUNDATION
    EIN:
    06-1504632
    Description Amount
    2021 FEDERAL EXCISE TAX 5,873
    2021 DEFERRED FEDERAL EXCISE TAX 3,481


    TY 2021 OtherExpensesSchedule
    Name:
    WARWICK SAVINGS FOUNDATION
    EIN:
    06-1504632
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INSURANCE 1,054 0   1,054
    FILING FEES 250 0   250
    REGISTERED AGENT FEES 586 586   0
    OFFICE EXPENSES 5,489 4,349   1,140


    TY 2021 OtherIncreasesSchedule
    Name:
    WARWICK SAVINGS FOUNDATION
    EIN:
    06-1504632
    Description Amount
    VOIDED 2020 CONTRIBUTION CHECK 1,500
    PY ADJUSTMENTS 6,678


    TY 2021 OtherLiabilitiesSchedule
    Name:
    WARWICK SAVINGS FOUNDATION
    EIN:
    06-1504632
    Description Beginning of Year - Book Value End of Year - Book Value
    NEW YORK STATE TAX PAYABLE 250 250
    DEFERRED FEDERAL EXCISE TAXES PAYABLE 17,515 20,997
    FEDERAL EXCISE TAXES PAYABLE 0 1,489


    TY 2021 TaxesSchedule
    Name:
    WARWICK SAVINGS FOUNDATION
    EIN:
    06-1504632
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX 2,330 2,330   0