Form990-PF


Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 01-01-2021 , and ending 12-31-2021
Name of foundation
The Veale Foundation
 
% DANIEL HARRINGTON
Number and street (or P.O. box number if mail is not delivered to street address)30100 Chagrin Blvd 210
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Pepper Pike, OH44124
A Employer identification number

34-6565830
B Telephone number (see instructions)

(216) 255-3166
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$187,085,258J 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) 0
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 1,745,649 1,745,649  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 13,355,740
b Gross sales price for all assets on line 6a 49,398,049
7 Capital gain net income (from Part IV, line 2)... 13,355,740
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 4,440,170 4,440,170  
12 Total. Add lines 1 through 11........ 19,541,559 19,541,559  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages...... 355,311     333,992
15 Pension plans, employee benefits....... 56,898     53,484
16a Legal fees (attach schedule)......... 2,193     2,193
b Accounting fees (attach schedule)....... 8,008     6,406
c Other professional fees (attach schedule).... Click to see attachment 632,627 632,627    
17 Interest............... 62,982 62,982    
18 Taxes (attach schedule) (see instructions)... Click to see attachment 175,506 28,962   20,251
19 Depreciation (attach schedule) and depletion... Click to see attachment 2,924    
20 Occupancy.............. 30,881     30,263
21 Travel, conferences, and meetings....... 340     340
22 Printing and publications.......... 3,868     3,791
23 Other expenses (attach schedule)....... Click to see attachment 448,682 404,723   42,920
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,780,220 1,129,294   493,640
25 Contributions, gifts, grants paid....... 4,869,175 4,869,175
26 Total expenses and disbursements. Add lines 24 and 25 6,649,395 1,129,294   5,362,815
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 12,892,164
b Net investment income (if negative, enter -0-) 18,412,265
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............. 3,769,728 2,746,501 2,746,501
2 Savings and temporary cash investments.........      
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........   11,532 11,532
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 57,857,844 Click to see attachment61,834,716 94,029,589
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).......... 61,274,398 Click to see attachment67,027,216 90,291,953
14 Land, buildings, and equipment: basis bullet27,383
Less: accumulated depreciation (attach schedule) bullet21,700 3,839 Click to see attachment5,683 5,683
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 122,905,809 131,625,648 187,085,258
Liabilities 17 Accounts payable and accrued expenses.......... 1,808 722
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)......... 1,808 722
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........ 122,904,001 131,603,305
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 122,904,001 131,603,305
30 Total liabilities and net assets/fund balances (see instructions). 122,905,809 131,604,027
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
122,904,001
2
Enter amount from Part I, line 27a .....................
2
12,892,164
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
135,796,165
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
4,192,860
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
131,603,305
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 SEE WFA #6800 P    
b SEE WFA #6803 P    
c SEE WFA #6804 P    
d SEE WFA #6805 P    
e PERRY PARTNERS INT'L INV   2015-07-31 2021-12-31
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS 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 11,769,926   5,506,207 6,263,719
b 11,738,369   7,317,110 4,421,259
c 17,506,470   17,446,431 60,039
d 6,410,032   4,986,626 1,423,406
e     785,935 -785,935
      55
      55
      55
      55
      55
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       6,263,719
b       4,421,259
c       60,039
d       1,423,406
e       -785,935
       
       
       
       
       
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 13,355,740
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Form 990-PF (2021)
Form 990-PF (2021)
Page 4
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 255,930
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 255,930
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 110,509
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 215,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 325,509
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 3,102
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 66,477
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet66,477 RefundedBullet 11  
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletOH
    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 addressbullet  
    14
    The books are in care ofbulletDANIEL HARRINGTON Telephone no.bullet (216) 255-3166

    Located atbullet30100 CHAGRIN BLVD 210PEPPER PIKEOH ZIP+4bullet44124
    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
     
    No
    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
    DANIEL HARRINGTON CHAIRMAN
    4.0     		0 0 0
    30100 Chagrin Blvd 210
    Pepper Pike,OH44124
    WILLIAM JAMES CULBERTSON TRUSTEE
    0.5     		0 0 0
    30100 Chagrin Blvd 210
    Pepper Pike,OH44124
    WILLIAM BRANCOVSKY TRUSTEE
    0.5     		0 0 0
    30100 Chagrin Blvd 210
    Pepper Pike,OH44124
    THOMAS HARRINGTON TRUSTEE
    0.5     		0 0 0
    30100 Chagrin Blvd 210
    Pepper Pike,OH44124
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
     
    Total number of other employees paid over $50,000...................bullet  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    MONTICELLO ASSOCIATES INVESTMENT ADVISORS 243,000
    1800 LARIMER ST STE 2100
    DENVER,CO80202
    EDGEWOOD MANAGEMENT LLC INVESTMENT ADVISORS 179,833
    535 MADISON AVE 15TH FL
    NEW YORK,NY10022
    SELECT EQUITY GROUP INVESTMENT ADVISOR 99,497
    380 LAFEYETTE ST 6TH FL
    NEW YORK,NY10003
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part VIII-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part VIII-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    179,081,354
    b
    Average of monthly cash balances.......................
    1b
    0
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    179,081,354
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    179,081,354
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    2,686,220
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    176,395,134
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    8,819,757
    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
    8,819,757
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    255,930
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    255,930
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    8,563,827
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    8,563,827
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
    7
    8,563,827
    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 8,563,827
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 3,186,047
    b Total for prior years:2019, 2018, 2017  
    3 Excess distributions carryover, if any, to 2021:
    a From 2016......  
    b From 2017......  
    c From 2018......  
    d From 2019......  
    e From 2020...... 0
    f Total of lines 3a through e ........ 0
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 5,362,815
    a Applied to 2020, but not more than line 2a 3,186,047
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2021 distributable amount..... 2,176,768
    e Remaining amount distributed out of corpus 0
    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 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		6,387,059
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2016 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2017....  
    b Excess from 2018....  
    c Excess from 2019....  
    d Excess from 2020....  
    e Excess from 2021.... 0
    Form 990-PF (2021)
    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
    AMERICAN FOREIGN POLICY COUNCIL
    509 C Street NE
    WASHINGTON,DC20002     		NONE PC GENERAL FUND 270,500
    AMERICAN RED CROSS
    3747 Euclid Ave
    CLEVELAND,OH44115     		NONE PC GENERAL FUND 25,000
    BEAUMONT SCHOOL
    3301 N Park Blvd
    CLEVELAND HEIGHTS,OH44118     		NONE PC GENERAL FUND 3,800
    BENEDICTINE HIGH SCHOOL
    2900 Martin Luther King Jr Dr
    CLEVELAND,OH44104     		NONE PC GENERAL FUND 10,000
    Bluecoats
    2330 MERCANTILE RD
    BEACHWOOD,OH44122     		NONE PC GENERAL FUND 10,000
    CASE WESTERN RESERVE UNIVERSITY
    10900 Euclid Ave
    CLEVELAND,OH44106     		NONE PC VEALE INSTITUTE & ENGINEERING SCHOOL& VEALE NATATORIUM &GENERAL FUND 3,908,125
    CHAGRIN FALLS EDUCATIONAL FDN
    P O BOX 235
    CHAGRIN FALLS,OH44022     		NONE PC GENERAL FUND 10,000
    CLEVELAND MUSEUM OF ART
    11150 East Blvd
    CLEVELAND,OH44106     		NONE PC GENERAL FUND 25,000
    CLEVELAND MUSEUM OF NATURAL HISTORY
    1 WADE OVAL DR
    CLEVELAND,OH44106     		NONE PC GENERAL FUND 25,000
    ALL SAINTS PARISH
    25743 RT 1
    GUILFORD,IN47022     		NONE PC GENERAL FUND 5,000
    CUYAHOGA FALLS HIGH SCHOOL
    2300 4TH ST
    CUYAHOGA FALLS,OH44221     		NONE PC GENERAL FUND 10,000
    OHIO LIVING BRECKENRIDGE VILLAGE
    36855 RIDGE RD
    WILLOUGHBY,OH44094     		NONE PC GENERAL FUND 20,000
    FRIENDS OF BREAKTHROUGH SCHOOL
    3615 SUPERIOR AVE STE 4403D
    CLEVELAND,OH44114     		NONE PC GENERAL FUND 5,000
    ELIZA BRYANT
    7201 WADE PARK AVE
    CLEVELAND,OH44103     		NONE PC GENERAL FUND 1,500
    GILMOUR ACADEMY
    34001 Cedar Rd
    GATES MILLS,OH44040     		NONE PC GENERAL FUND & OUR LADY CHAPEL 21,750
    HATHAWAY BROWN SCHOOL
    19600 N Park Blvd
    SHAKER HEIGHTS,OH44122     		NONE PC GENERAL FUND 10,000
    HOLDEN ARBORETUM
    9550 SPERRY RD
    KIRTLAND,OH44094     		NONE PC GENERAL FUND 25,000
    HOPEWELL
    9637 OH-534
    MIDDELFIELD,OH44062     		NONE PC GENERAL FUND 1,000
    JOHN CARROLL UNIVERSITY
    1 John Carroll Blvd
    UNIVERSITY HEIGHTS,OH44118     		NONE PC GENERAL FUND 37,000
    LAUREL SCHOOL
    1 Lyman Circle
    SHAKER HEIGHTS,OH44122     		NONE PC GENERAL FUND 10,000
    MAGNIFICAT HIGH SCHOOL
    20770 Hilliard Blvd
    ROCKY RIVER,OH44116     		NONE PC GENERAL FUND 10,000
    MOUNT ST JOSEPH UNIVERSITY
    5701 DELHI PIKE
    CINICINNATI,OH45233     		NONE PC GENERAL FUND 50,000
    MUSICAL ARTS ASSOCIATION
    11001 EUCLID AVE
    CLEVELAND,OH44106     		NONE PC GENERAL FUND 26,000
    ST CHRISTOPHER BY THE RIVER
    7601 Old Mill Rd
    GATES MILLS,OH44040     		NONE PC GENERAL FUND 20,000
    GATES MILLS HISTORICAL SOCIETY
    P O BOX 191
    GATES MILLS,OH44040     		NONE PC GENERAL FUND 5,000
    ST IGNATIUS HIGH SCHOOL
    1911 W 30TH STREET
    CLEVELAND,OH44113     		NONE PC GENERAL FUND 10,000
    ST MARTIN DE PORRES HIGH SCHOOL
    6202 ST CLAIR AVE
    CLEVELAND,OH44103     		NONE PC GENERAL FUND 10,000
    ST EDWARD HIGH SCHOOL
    13500 DETROIT AVE
    LAKEWOOD,OH44107     		NONE PC GENERAL FUND 10,000
    UNIVERSITY SCHOOL
    2785 SOM CENTER RD
    CHAGRIN FALLS,OH44022     		NONE PC GENERAL FUND 45,000
    UPCYCLE PARTS SHOP
    6419 ST CLAIR AVE
    CLEVELAND,OH44103     		NONE PC GENERAL FUND 10,000
    PHI KAPPA PSI
    5395 EMERSON WAY
    INDIANAPOLIS,IN46226     		NONE PC GENERAL FUND 10,000
    BATES COLLEGE
    2 ANDREWS RD
    LEWISTOWN,ME04240     		NONE PC GENERAL FUND 1,750
    UNIVERSITY OF MT UNION
    1972 CLARK AVE
    ALLIANCE,OH44601     		NONE PC GENERAL FUND 25,000
    WILLOUGHBY EASTLAKE CITY SCHOOLS
    35353 CURTIS BLVD
    EASTLAKE,OH44095     		NONE PC GENERAL FUND 10,000
    CLEVELAND BASEBALL FEDERATION
    36177 WATERSCAPE CT
    NORTH RIDGEVILLE,OH44039     		NONE PC GENERAL FUND 5,000
    CONSERVANCY FOR CUYAHOGA VALLEY NATIONAL PARK
    1403 WEST HINES HILL RD
    PENINSULA,OH44264     		NONE PC GENERAL FUND 25,000
    HIRAM COLLEGE
    11715 GARFIELD RD
    HIRAM,OH44234     		NONE PC GENERAL FUND 4,000
    HILLCREST HOSPITAL
    6780 MAYFIELD RD
    MAYFIELD HEIGHTS,OH44124     		NONE PC GENERAL FUND 25,000
    BEECH BROOK
    3737 LANDER RD
    PEPPER PIKE,OH44124     		NONE PC GENERAL FUND 1,500
    JULIE BILLIART SCHOOL
    4982 CLUBHOUSE RD
    LYNDHURST,OH44124     		NONE PC GENERAL FUND 3,500
    JUNIOR ACHIEVEMENT GREATER CLEVELAND
    1422 EUCLID AVE SUITE 952
    CLEVELAND,OH44115     		NONE PC GENERAL FUND 10,000
    LAKE RIDGE ACADEMY
    37501 CENTER RIDGE RD
    NORTH RIDGEVILLE,OH44039     		NONE PC GENERAL FUND 1,500
    PLAYHOUSE SQUARE
    1501 EUCLID AVE SUITE 201
    CLEVELAND,OH44115     		NONE PC GENERAL FUND 25,000
    RONALD MCDONALD HOUSE
    10415 EUCLID AVE
    CLEVELAND,OH44106     		NONE PC GENERAL FUND 1,000
    THOMAS HARVEY HIGH SCHOOL
    200 WEST WALNUT ST
    PAINSEVILLE,OH44077     		NONE PC GENERAL FUND 10,000
    LAKE GEAUGA RECOVERY CENTERS
    9083 MENTOR AVE
    MENTOR,OH44060     		NONE PC GENERAL FUND 1,000
    LEWY BODY DEMENTIA ASSN
    912 KILLIAN HILL RD SW
    LILBURN,GA30047     		NONE PC GENERAL FUND 10,000
    LUTHERAN METROPOLITAN MINISTRY
    4515 SUPERIOR AVE
    CLEVELAND,OH44103     		NONE PC GENERAL FUND 5,000
    PARKINSONS FOUNDATION
    200 SE 1ST ST STE 800
    MIAMI,FL33131     		NONE PC GENERAL FUND 10,000
    ST FRANCIS ASSISI SCHOOL
    6850 MAYFIELD RD
    GATES MILLS,OH44040     		NONE PC GEENRAL FUND 10,000
    ST JOSEPH ACADEMY
    3470 ROCKY RIVER DR
    CLEVELAND,OH44111     		NONE PC GENERAL FUND 250
    SHAKER SCHOOLS FOUNDATION
    15600 Parkland Dr
    SHAKER HEIGHTS,OH44120     		NONE PC GENERAL FUND 10,000
    SPECIAL OLYMPICS OHIO
    3303 WINCHESTER PIKE
    COLUMBUS,OH43232     		NONE PC GENERAL FUND 10,000
    VICTORY LIFE CHURCH
    3833 HUDSON DR
    STOW,OH44224     		NONE PC GENERAL FUND 5,000
    YWCA OF CLEVELAND
    4019 PROSPECT AVE
    CLEVELAND,OH44103     		NONE PC GENERAL FUND 20,000
    Total .................................bullet 3a 4,869,175
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments ....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities ....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income .....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 13,355,740  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aPARTNERSHIPS & OTHER INVESTMENTS MARK TO MARKET     		    18 4,440,170  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) ..   19,541,559  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    19,541,559
    (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

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

    TY 2021 DepreciationSchedule
    Name:
    The Veale Foundation
    EIN:
    34-6565830
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    LAPTOPS - 3 2015-04-22 6,081 6,081 M5          
    OFFICE FURNITURE 2016-02-01 3,300 3,110 M5   190      
    CARPETING 2016-03-08 2,890 2,724 M5   166      
    MOVING SERVICES 2016-04-06 623 588 M5   35      
    DESK, FABRIC 2016-04-25 544 513 M5   31      
    MAC MINI 2016-05-17 746 703 M5   43      
    CHAIR & SOFA 2016-06-09 938 884 M5   54      
    OFFICE FURNITURE 2016-09-09 1,514 1,426 M5   87      
    COMPUTER&PERIPHERA 2016-09-12 2,089 1,969 M5   120      
    COMPUTERS 2020-06-01 3,891 778 M5   1,245      
    COMPUTERS 2021-06-01 4,767   M5   953      

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    The Veale Foundation
    EIN:
    34-6565830
    Name of Stock End of Year Book Value End of Year Fair Market Value
    CORPORATE STOCKS 23,765,362 49,507,053
    MUTUAL FUNDS 22,976,440 29,366,569
    CORP BONDS & NOTES 15,092,914 15,155,967

    TY 2021 InvestmentsOtherSchedule2
    Name:
    The Veale Foundation
    EIN:
    34-6565830
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    BAM II   2,602,633 2,586,698
    CARLYLE MEZZANINE   311,499 179,317
    NEWPORT ASIA FUND   4,429,620 6,419,886
    PERRY PARTNERS INC   0 0
    SEMPER VIC PARTNERS   4,225,621 9,336,337
    TOWNSQUARE RE FUND   572,219 580,410
    DAVISON KEMPNER LP   7,131,119 7,289,134
    CHILDRENS FUND   3,000,000 7,833,300
    STEADFAST   5,000,000 6,818,952
    HTV NOTE   10,507,986 10,507,986
    COATUE FUND   3,000,000 7,278,505
    GQG FUND   5,063,805 6,396,756
    FORTRESS FUND   0 0
    CANYON DIST OPPTY FD   0 9,208
    GOLUB CAPITAL   1,265,235 1,798,916
    JUNTO FUND   3,000,000 3,933,389
    LEXINGTON CAPITAL   1,929,647 2,673,248
    VARDE INVESTMENT PARTNERS   4,000,000 4,549,208
    SHERIDAN SQUARE   3,000,000 3,167,952
    ECHO STREET GOODCO SELECT II   7,272,497 8,072,306
    STEPSTONE FUND V   800,933 860,445

    TY 2021 LandEtcSchedule2
    Name:
    The Veale Foundation
    EIN:
    34-6565830
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    LAPTOPS - 3 6,081 6,081    
    OFFICE FURNITURE 3,300 3,300    
    CARPETING 2,890 2,890    
    MOVING SERVICES 623 623    
    DESK, FABRIC 544 544    
    MAC MINI 746 746    
    CHAIR & SOFA 938 938    
    OFFICE FURNITURE 1,514 1,513 1  
    COMPUTER&PERIPHERA 2,089 2,089    
    COMPUTERS 3,891 2,023 1,868  
    COMPUTERS 4,767 953 3,814  


    TY 2021 OtherDecreasesSchedule
    Name:
    The Veale Foundation
    EIN:
    34-6565830
    Description Amount
    BOOK/TAX & TIMING DIFFERENCES 4,192,860


    TY 2021 OtherExpensesSchedule
    Name:
    The Veale Foundation
    EIN:
    34-6565830
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OHIO ANNUAL FEES 200     200
    RECRUITING 8,750     8,750
    IT EXPENSE SOFTWARE/HARDWARE 8,872     8,872
    POSTAGE 121     121
    OFFICE & OTHER SUPPLIES 1,912     1,881
    TELEPHONE 769     754
    WORKERS COMP INSURANCE -1,113     -1,046
    INSURANCE 4,845     4,845
    EVENTS 18,512     18,512
    BANK CHARGES 32     31
    BAM 2 LP PORTFOLIO 49,805 49,805    
    CARLYLE FUND-PORTFOLIO & OTHER 6,622 6,288    
    TOWNSQUARE-PORTFOLIO 15,412 15,412    
    NEWPORT ASIA FD-PORTFOLIO EXP 72,600 72,600    
    DAVIDSON KEMPNER-PORTFOLIO EXP 108,190 107,682    
    ECHO STREET 37,241 37,241    
    FORTRESS FD PORTFOLIO 36 36    
    GQG FUND PORTFOLIO 47,472 47,472    
    LEXINGTON FDS 60,675 60,458    
    STEPSTONE FUND V 7,729 7,729    


    TY 2021 OtherIncomeSchedule2
    Name:
    The Veale Foundation
    EIN:
    34-6565830
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    CARLYLE MEZZANINE LP 74,121 74,121  
    NEWPORT ASIA FD LP -4,015 -4,015  
    TOWNSQUARE RE ALPHA FD LP 15,797 15,797  
    DAVISON KEMPNER 63,683 63,683  
    BAM 0 0  
    FORTRESS FUND 4,628 4,628  
    GQG FUND -7,366 -7,366  
    ECHO FUND 56,015 56,015  
    STEPSTONE FUND V -1,125 -1,125  
    CHILDRENS FUND-SEE FORM 8621 1,393,800 1,393,800  
    SEMPER VIC PARTNERS-see form 8621 1,396,792 1,396,792  
    COATUE SEE FORM 8621 426,775 426,775  
    STEADFAST SEE FORM 8621 0 0  
    GOLUB CAPITAL SEE FORM 8621 221,994 221,994  
    CANYON CAPITAL SEE FORM 8621 0 0  
    JUNTO SEE FROM 8621 369,105 369,105  
    LEXINGTON CAPITAL 27,383 27,383  
    VARDE INVESTMENT PARTNERS SEE FORM 8621 353,848 353,848  
    SHERIDAN SQUARE SEE FORM 8621 48,735 48,735  


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    The Veale Foundation
    EIN:
    34-6565830
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT ADVISOR FEES 243,000 243,000    
    INVESTMENT MGT FEES 389,627 389,627    


    TY 2021 TaxesSchedule
    Name:
    The Veale Foundation
    EIN:
    34-6565830
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE TAXES 125,000      
    PAYROLL TAXES 21,544     20,251
    FOREIGN TAXES INVESTMENTS 28,962 28,962