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
SZULIK FAMILY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)3717 WILLIAM J COWAN WYND
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
RALEIGH, NC27612
A Employer identification number

27-6979466
B Telephone number (see instructions)

(919) 782-6404
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$13,862,083J 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... 374,649 374,649  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 933,818
b Gross sales price for all assets on line 6a 10,501,764
7 Capital gain net income (from Part IV, line 2)... 933,818
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 9,580 9,580  
12 Total. Add lines 1 through 11........ 1,318,047 1,318,047  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 5,000 2,500   2,500
c Other professional fees (attach schedule).... Click to see attachment 61,154 61,154   0
17 Interest............... 7,618 7,618   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 197 197   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 46,229 546   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 120,198 72,015   2,500
25 Contributions, gifts, grants paid....... 555,000 555,000
26 Total expenses and disbursements. Add lines 24 and 25 675,198 72,015   557,500
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 642,849
b Net investment income (if negative, enter -0-) 1,246,032
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.............      
2 Savings and temporary cash investments......... 1,810,815 454,582 454,582
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) 284,153 Click to see attachment102,559 105,566
b Investments—corporate stock (attach schedule)....... 2,556,239 Click to see attachment5,558,850 8,362,331
c Investments—corporate bonds (attach schedule)....... 1,713,387 Click to see attachment377,783 381,731
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 3,984,409 Click to see attachment4,498,078 4,557,873
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 10,349,003 10,991,852 13,862,083
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 10,349,003 10,991,852
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 0 0
29 Total net assets or fund balances (see instructions)..... 10,349,003 10,991,852
30 Total liabilities and net assets/fund balances (see instructions). 10,349,003 10,991,852
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
10,349,003
2
Enter amount from Part I, line 27a .....................
2
642,849
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
10,991,852
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
10,991,852
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 PUBLICLY TRADED SECURITES P    
b CAPITAL GAINS DIVIDENDS P    
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 10,298,146   9,567,946 730,200
b 203,618     203,618
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       730,200
b       203,618
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 933,818
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 17,320
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 17,320
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 3,666
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 31,320
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 34,986
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 3
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 17,663
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet17,663 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)
    bulletNC
    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 (919) 782-6404

    Located atbullet3717 WILLIAM J COWAN WYNDRALEIGHNC ZIP+4bullet27612
    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
    MATTHEW J SZULIK TRUSTEE
    1.00     		0 0 0
    3717 WILLIAM J COWAN WYND
    RALEIGH,NC27612
    KYLE SZULIK TRUSTEE
    1.00     		0 0 0
    3717 WILLIAM J COWAN WYND
    RALEIGH,NC27612
    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 N/A 0
    2  
    3  
    4  
    Part VIII-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 NONE 0
    2  
    All other program-related investments. See instructions.
    3  
    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
    13,345,563
    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
    13,345,563
    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
    13,345,563
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    200,183
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    13,145,380
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    657,269
    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
    657,269
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    17,320
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    17,320
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    639,949
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    639,949
    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
    639,949
    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 7 639,949
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 552,988
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016......  
    b From 2017......  
    c From 2018......  
    d From 2019......  
    e From 2020......  
    f Total of lines 3a through e ........ 0
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 557,500
    a Applied to 2020, but not more than line 2a 552,988
    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..... 4,512
    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 ..........     		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 ..........     		635,437
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2016 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		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....  
    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).)
    MATTHEW J SZULIK
    KYLE SZULIK
    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
    BUZZARDS BAY COALITION
    114 FRONT ST
    NEW BEDFORD,MA02740     		N/A PUBLIC CHARITY SUPPORT 25,000
    CATHOLIC PARISH OUTREACH
    2013 NORTH RALEIGH BLVD
    RALEIGH,NC27604     		N/A PUBLIC CHARITY SUPPORT 25,000
    DARTMOUTH NATURAL RESOURCE TRUST
    318 CHASE RD
    DARTMOUTH,MA02747     		N/A PUBLIC CHARITY SUPPORT 15,000
    DUKE UNIVERSITY
    324 BLACKWELL ST
    DURHAM,NC27701     		N/A PUBLIC CHARITY SUPPORT 250,000
    HEALING TRANSITIONS
    1251 GOODE STREET
    RALEIGH,NC27603     		N/A PUBLIC CHARITY SUPPORT 50,000
    HOSPICE OF WAKE COUNTY
    250 HOSPICE CIRCLE
    RALEIGH,NC27607     		N/A PUBLIC CHARITY SUPPORT 25,000
    JEWISH FOR GOOD
    1937 W CORNWALLIS RD
    DURHAM,NC27705     		N/A PUBLIC CHARITY SUPPORT 15,000
    LLOYD CENTER FOR THE ENVIRONMENT
    430 POTOMSKA RD
    SOUTH DARTMOUTH,MA02748     		N/A PUBLIC CHARITY SUPPORT 10,000
    SAM & DEVORAH FOUNDATION FOR TRANS YOUTH
    10 FAIRMOUNT AVE
    CHATHAM,NJ07928     		N/A PUBLIC CHARITY SUPPORT 10,000
    ST CHARLES BORROMEO CATHOLIC CHURCH
    3304 N WASHINGTON BLVD
    ARLINGTON,VA22201     		N/A PUBLIC CHARITY SUPPORT 10,000
    ST FRANCIS CHAPEL
    11401 LEESVILLE ROAD
    RALEIGH,NC27613     		N/A PUBLIC CHARITY SUPPORT 25,000
    THIRD OPTION FOUNDATION
    11160-C1 SOUTH LAKES DRIVE 158
    RESTON,VA20191     		N/A PUBLIC CHARITY SUPPORT 75,000
    WAKEMED FOUNDATION
    3000 NEW BERN AVENUE
    RALEIGH,NC27610     		N/A PUBLIC CHARITY SUPPORT 20,000
    Total .................................bullet 3a 555,000
    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 ............     		    18 933,818  
    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 1,318,047 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,318,047
    (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

    TY 2021 AccountingFeesSchedule
    Name:
    SZULIK FAMILY FOUNDATION
    EIN:
    27-6979466
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LIVINGSTON & HAYNES, PC 5,000 2,500   2,500

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    SZULIK FAMILY FOUNDATION
    EIN:
    27-6979466
    Name of Bond End of Year Book Value End of Year Fair Market Value
    AECOM 5,506 5,446
    ALLEHENGY TECHNOLOGIES INC 6,037 6,006
    ALLY FINL INC 7,131 7,085
    APACHE CORP 5,187 5,369
    ARCELORMITTAL SA LUXEMBOURG 5,604 5,480
    BALL CORP 7,957 7,760
    BATH & BODYWORKS INC SER C NOTE 5,592 5,750
    BK OF AMERICA COPR BOND 6,084 6,207
    BOEING 5,219 5,132
    CENTENE CORP 5,347 5,393
    CENTRAL GARDEN & PET CO 5,208 5,044
    CITIGROUP INC NOTE 12,413 13,245
    CROWN CASTLE INTL CORP NOTE 5,529 5,585
    CVS HEALTH CORP 4,826 5,215
    DANA INC 5,216 5,244
    DCP MIDSTREAM OPERATING PL NOTE 5,406 5,463
    DELL INTL LLC/EMC CORP NOTE 4,538 4,571
    DELTA AIR LINES INC 4,747 5,112
    DISCOVERY COMMUNICATIONS LLC 5,463 5,437
    DISH DBS CORPORATION NOTE CALL MAKE WHOLE 5,102 5,125
    ELANCO ANIMAL HEALTH INC 5,366 5,800
    EMBRAER NETHERLANDS 5,275 5,174
    ENCOMPASS HEALTH CORP NOTE 6,111 6,173
    ENERGY TRANSFER LP 5,838 5,731
    FORD MTR CO 7,185 7,215
    GENERAL MOTORS FINANCIAL 8,023 7,994
    GOODYEAR TIER & RUBR CO NOTE 5,131 5,294
    GRIFFON CORP 5,034 5,191
    HASBRO INC NOTE 6,626 6,621
    HOWMET AEROSPACE INC 5,126 5,531
    JP MORGAN CHASE & CO BOND 11,106 11,044
    KB HOMES 5,380 5,458
    KRAFT HEINZ FOODS CO 6,051 6,366
    LAMAR MEDIA CORP 5,268 5,219
    LUMEN TECHNOLOGIES INC 4,245 4,231
    MACYS RETAIL HLDGS INC NOTE 5,643 5,924
    MATADOR RES CO SER B NOTE 5,120 5,150
    METHANEX CORP NOTE CALL 5,264 5,250
    METLIFE INC BOND PERPETUAL 5,191 5,100
    MGM RESORTS INTERNATIONAL 5,160 5,288
    NAVIENT CORPORATION MTN CALL MAKE WHOLE 5,231 5,331
    NEWELL BRANDS INC 7,603 7,632
    NEWFIELD EXPL CO NOTE 5,422 5,540
    NORDSTROM INC 5,078 5,044
    NUSTAR LOGISTICS LP NOTE 21,392 21,150
    OCCIDENTAL PETE CORP 5,386 5,544
    OLIN CORP 4,937 5,245
    PENSKE AUTOMOTIVE GRP INC 6,052 6,010
    QVC INC 5,232 5,138
    ROYAL CARRIBBEAN GROUP NOTE 5,589 5,787
    SBA COMMUNICATIONS CORP SER B NOTE 5,184 5,150
    SCHWAB CHARLES CORP BOND PERPETUAL 5,003 5,100
    SILGAN HOLDINGS INC SER B NOTE 6,129 6,128
    SPRINT CAP CORP 4,757 5,060
    STARWOOD PPTY TR INC SER B NOTE 5,138 5,200
    TEVA PHARMACEUTICAL 4,978 5,017
    TORONTO DOMINION BANK SER C MTN 6,040 6,011
    TWILIO INC NOTE CALL 5,183 5,044
    UNITED AIRLINES HLDGS INC 5,001 5,075
    UNITED RENTALS NORTH AM 5,091 5,075
    VERIZON COMMUNICATIONS INC 5,397 5,405
    WALMART INC NOTE 6,153 6,160
    WESTERN DIGITAL CORP 5,552 5,462

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    SZULIK FAMILY FOUNDATION
    EIN:
    27-6979466
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABBOTT LABORATORIES 6,423 8,163
    ABBVIE INC COM 45,355 51,587
    AERCAP HOLDINGS NV 56,614 69,738
    AGREE RLY CORP COM 6,945 6,778
    ALAMO GROUP INC 9,695 9,567
    ALLEGIANT TRAVEL COMPANY COM 7,418 7,482
    ALPHABET INC CAP STK CL A 2,044 17,381
    ALPHABET INC CAP STK CL C 107,814 532,420
    AMAZON.COM 119,066 350,106
    AMERIS BANCORP 11,529 11,675
    AMERISAFE INC 5,705 5,383
    AMGEN INC 5,203 4,949
    ANTHEM INC 111,224 177,536
    AON PLC 107,960 214,299
    APPLE 8,036 10,832
    APPOLLO GLOBAL MGMT INC 31,708 40,344
    ARES MGMT CORP COM CL A 37,875 42,260
    AT&T INC COM 4,555 3,887
    ATRICURE INC 11,024 10,082
    AVIENT CORPORATION COM 14,407 16,226
    AZENTA INC COM 8,055 10,311
    BALCHEM CORP 6,699 8,430
    BK OF AMERICA CORP COM 12,138 16,684
    BLACKSTONE INC COM 35,587 40,111
    BLACKSTONE MTG TR INC COM CL A 41,563 40,327
    BOOT BARN HOLDINGS INC COM 8,774 12,305
    BRISTOL-MYERS SQUIBB CO COM 7,517 7,482
    BROADCOM INC COM 35,165 49,240
    BROOKFIELD INFRASTRUCTURE CORPORATION REGISTERED 7,258 7,450
    CAPITAL ONE FINANCIAL CORP 35,776 75,882
    CARLYLE GROUP INC COM 35,725 40,736
    CASTLE BIOSCIENCES INC COM 5,360 3,858
    CATEPILLAR INC COM 40,820 41,141
    CATHAY GENERAL BANCORP 9,050 9,888
    CENTRAL GARDEN & PET CO CL A NON-VTG 9,267 10,288
    CERENCE INC COM 10,219 7,281
    CHARTER COMMUNICATIONS 25,999 65,197
    CHEMOCENTRYX INC COM 4,074 3,823
    CHEVRON CORP NEW COM 8,406 10,796
    CHUBB LIMITED COM NPV 4,326 5,413
    CHURCHILL DOWNS INC 8,919 10,841
    CHUYS HLDGS INC COM 3,626 3,464
    CISCO SYSTEMS INC 7,773 10,963
    CITIGROUP INC 186,342 204,058
    CME GROUP INC COM 36,962 41,351
    COHEN & STEERS INC 10,090 10,639
    COMCAST CORP 153,076 221,100
    COVETRUS INC COM 7,157 6,390
    CROWN CASTLE INTL CORP NEW COM 41,394 43,209
    CRYOLIFE INC 6,707 5,291
    CRYOPORT INC COM 8,527 8,284
    DESCARTES SYS GROUP INC COM 9,428 10,335
    DIGITAL RLTY TR INC COM 40,218 42,979
    DISH NETWORK CORP 96,125 90,735
    DISNEY WALT CO 51,933 87,668
    EATON CORPORATION PLC SHS 47,674 49,254
    EMERSON ELECTRIC CO 6,026 6,880
    ENBRIDGE INC REGISTERED 40,922 42,603
    ENDAVA PLC SPON ADS EACH REP 1 ORD 10,427 12,594
    EVOLUTION 28,932 31,680
    FIFTH THIRD BANCORP COM 36,595 41,547
    FIRST HORIZON CORP COM 44,051 45,773
    FIVE BELOW INC 6,952 6,207
    GENERAL ELECTRIC CO 158,971 208,212
    GENERAL MILLS INC COM 3,324 3,975
    GENERAL MOTORS CO COM 62,170 101,899
    GLACIER BANCORP INC 10,998 11,624
    GLOBUS MEDICAL INC 12,833 11,913
    GOLDMAN SACHS GROUP 117,153 225,705
    GRAND CANYONE EDUCATION INC 8,667 8,571
    HALOZYME THERAPEUTICS INC 12,353 12,264
    HEALTHEQUITY INC COM 8,867 6,415
    HEARTLAND EXPRESS INC 2,807 2,775
    HELEN OF TROY 5,772 6,112
    HELIOS TECHNOLOGIES INC COM 10,450 13,672
    HILTON WORLDWIDE HLDGS INC 80,501 174,865
    HONEYWELL INTERNATIONAL INC. 6,492 6,464
    HORACE MANN EDICAITORS CORP 8,311 7,740
    HOULIHAN LOKEY INC CL A 9,912 11,387
    IAC INTERACTIVE CORP NEW COM NEW 28,007 28,625
    ICF INTERNATIONAL 8,475 9,230
    ICU MEDICAL 3,959 4,747
    IDACORP INC 7,461 7,932
    INDEPENDENT BK CORP MASS COM 4,624 4,973
    INTEGRA LIFE SCIENCES HOLDINGS CORP 9,503 8,709
    INTEL CORP COM 8,408 8,395
    INTERPUBLIC GROUP COS INC COM 40,689 42,019
    INTRA-CELLULAR THERAPIES INC COM 2,723 2,879
    ISHARES TRUST 1-3 YEAR TREASURY BOND 527,445 524,873
    JOHNSON & JOHNSON COM 6,559 7,014
    JP MORGAN CHASE & CO 11,487 13,460
    JP MORGAN CHASE & CO COM 40,482 41,329
    KIMBERLY-CLARK CORP COM 4,341 4,716
    KINDER MORGAN INC COM 4,477 4,917
    KINDER MORGAN INC DEL COM 52,202 52,100
    LEGGETT & PLATT INC COM 7,664 7,368
    LHC GROUP INC 9,747 8,234
    LIBERTY BROADBAND CORP COM SEC A 5,385 12,067
    LIBERTY BROADBAND CORP COM SEC C 115,897 192,192
    LITHIA MTRS INC COM 8,483 7,424
    LOCKHEED MARTIN CORP COM 42,088 42,294
    LOCKHEED MARTIN CORP COM 7,390 7,819
    LYONDELLBASELL INDUSTRIES 27,740 59,673
    M&T BANK CORP COM 4,712 5,068
    MACOM TECH SOLUTIONS HLDGS INC COM 12,149 15,660
    MAGNOLIA OIL & GAS CORP CL A 9,175 12,266
    MANULIFE FINL CORP COM 42,294 42,221
    MARATHON PETE CORP COM 37,734 43,769
    MARRIOTT INTL INC CL A 131,160 238,772
    MATADOR RESOURCES COMPANY COM USD0.01 6,479 8,861
    MCDONALDS CORP 6,666 8,310
    MEDPACE HLDGS INC COM 10,718 13,058
    MERCK & CO. INC COM 5,909 5,748
    META PLATFORMS / FACEBOOK INC- CLASS A 224,444 370,658
    MICROSOFT CORP 8,728 13,453
    MICROSOFT CORP 45,247 518,605
    MICROSOFT CORP 38,100 41,367
    MINERALS TECHNOLOGIES INC 10,219 9,875
    MORGAN STANLEY 110,389 217,915
    NASPERS SPON ADR EACH REP 0.2 CL N 27,339 20,816
    NATIONAL HELATH INVESTORS INC 5,653 5,459
    NETFLIX COM INC 159,848 250,615
    NORFOLK SOUTHN CORP COM 10,461 12,206
    NORTHWESTERN CORP 10,227 9,431
    NOVANTA INC COM NPV 10,877 13,225
    NUCOR CORP COM USD0.40 4,592 9,474
    OCEANFIRST FINANCIAL CORP 7,362 7,659
    OLLIES BARGAIN OUTLET HLDGS IN COM 7,058 4,351
    ONEOK INC NEW COM 35,930 41,543
    OPEN LENDING CORP COM CL A 3,816 2,473
    OXFORD INDUSTRIES INC 6,511 7,106
    PACIIFIC PREMIER BANCORP INC 10,309 10,408
    PATRICK INDS INC COM 11,880 11,297
    PAYCOR HCM INC COM 7,740 6,338
    PAYLOCITY HOLDINGS CORP 10,473 9,446
    PEPSICO INC 5,214 6,775
    PEPSICO INC COM 39,385 42,038
    PERFORMANCE FOOD GROUP CO COM 12,546 12,849
    PFIZER INC 4,633 7,381
    PFIZER INC COM 44,071 51,492
    PHREESIA INC COM 16,689 11,040
    PNC FINANCIAL SERVICES GROUP COM 9,727 12,432
    PPL CORP COM 5,164 5,591
    PRIMORIS SVCS CORP COM 7,944 7,554
    PROCTER AND GAMBLE CO COM 5,243 6,216
    PROGYNY 8,268 8,308
    PROSUS N.V. SPON ADR EACH REP 0.20 ORD 53,204 50,172
    QUALCOMM INC 9,406 11,704
    RAPID7 INC COM 13,312 13,534
    RBC BEARINGS INC 12,827 11,916
    REVOLVE GROUP INC CL A 4,300 3,923
    RITCHIE BROS AUCTIONEERS COM 9,915 9,794
    RYMAN HOSPITALITY PROPERTIES INC 7,054 8,275
    SAFRAN SA UNSPON ADR EA REP 0.25 ORD 81,374 75,908
    SEACOAST BANKING CORPORATION OF 10,157 11,325
    SHYFT GROUP INC COM 6,915 8,106
    SILGAN HOLDINGS INC 4,417 4,498
    SILICON LABORATORIES 8,704 11,353
    SIMON PPTY GROUP INC NEW COM 34,322 42,020
    SKYLINE CHAMPION CORPORATION COM 15,186 19,350
    SPX CORP COM 10,873 10,742
    STAG INDUSTRIAL INC 13,516 15,826
    STARBUCKS CORP COM 41,835 42,928
    STARWOOD PPTY TR INC COM 51,885 50,617
    STIFEL FINANCIAL CORP 10,289 10,563
    SUPERNUS PHARMACEUTICALS INC 8,440 9,623
    SYNEOS HEALTH INC CL A 12,498 14,375
    TARGET CORP COM 44,931 43,510
    TEREX CORP 5,165 5,054
    TEXAS INSTRUMENTS INC 40,782 41,275
    TEXAS ROADHOUSE INC 14,608 14,285
    UFP INDUSTRIES INC COM 11,208 13,802
    UNITEDHEALTH GROUP 44,916 235,002
    US ECOLOGY INC COM 4,394 3,833
    VERACYTE INC 6,197 6,180
    VIATRIS INC COM 3,248 2,422
    VIAVI SOLUTIONS INC COM 9,885 10,572
    VISA INC 56,142 60,245
    WALMART INC COM 7,304 7,235
    WASTE MANAGEMENT INC 5,770 8,178
    WELLS FARGO & COMPANY 79,310 146,915
    WILLIAMS COS INC COM 38,992 41,560
    WILLIS TOWERS WATSON PLC 71,283 75,522
    WOLVERINE WORLD WIDE INC 7,227 5,617
    WOODWARD INC COM 32,186 31,852
    WP CAREY INC COM 4,739 5,826

    TY 2021 InvestmentsGovtObligationsSch
    Name:
    SZULIK FAMILY FOUNDATION
    EIN:
    27-6979466
    US Government Securities - End of Year Book Value:

    78,133
    US Government Securities - End of Year Fair Market Value:

    77,697
    State & Local Government Securities - End of Year Book Value:


    24,426
    State & Local Government Securities - End of Year Fair Market Value:


    27,869


    TY 2021 InvestmentsOtherSchedule2
    Name:
    SZULIK FAMILY FOUNDATION
    EIN:
    27-6979466
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ASSET BACKED SECURITIES AT COST 65,920 67,112
    BROOKFIELD INFRASTRUCTURE PARTNERS LP LTD PARTNERSHIP INT AT COST 22,205 24,446
    JANUS HENDERSON AT COST 250,000 219,948
    PILLAR III AT COST 185,284 185,284
    STERLING CAPITAL STRATTON SM CP VAL 1 AT COST 497,405 439,374
    TFG 1717 RI AVENUE REIT, LLC AT COST 47,733 47,733
    TFG FISHERS LANE REIT, LLC AT COST 100,000 100,000
    TFG GODDARD MEMORIAL DRIVE REIT, LLC AT COST 50,000 50,000
    TFG ONE DULLES CORRIDOR REIT, LLC AT COST 49,390 49,390
    TFG ONE FAIR OAKS REIT, LLC AT COST 45,251 45,251
    TFG PROVIDENCE CENTER REIT, LLC AT COST 82,811 82,811
    TFG STERLING DRIVE REIT,LLC AT COST 50,000 50,000
    TFG TRADE CENTRE REIT, LLC AT COST 83,347 83,347
    TFG WEST CENTURY DRIVE REIT, LLC AT COST 88,397 88,397
    VECTOR CAPITAL CREDIT OPPORTUNITY FUND LP AT COST 2,539,183 2,837,621
    HEDGECOVEST LLC SMARTX UMA AT COST 341,152 187,159

    TY 2021 OtherExpensesSchedule
    Name:
    SZULIK FAMILY FOUNDATION
    EIN:
    27-6979466
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    VECTOR CAPITAL CREDIT OPPORTUNITY - FROM K-1 30,890 0   0
    CUSTODIAN FEES 95 95   0
    PILLAR III-A - K-1 14,716 0   0
    MISC INVESTMENT EXPENSES 451 451   0
    BROOKFIELD INFRASTRUCTURE PARTNERS K-1 77 0   0


    TY 2021 OtherIncomeSchedule2
    Name:
    SZULIK FAMILY FOUNDATION
    EIN:
    27-6979466
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    VECTOR CAPITAL CREDIT OPPORTUNITY FD 9,580 9,580 9,580


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    SZULIK FAMILY FOUNDATION
    EIN:
    27-6979466
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES - FIRST REPUBLIC 4,159 4,159   0
    INVESTMENT MANAGEMENT FEES - EAGLE CAPITAL MANAGEMENT LLC 38,236 38,236   0
    INVESTMENT MANAGEMENT FEES - GANNETT WELSH & KOTLER 6,619 6,619   0
    INVESTMENT MANAGEMENT FEES - HEDGECOVEST LLC 10,028 10,028   0
    INVESTMENT MANAGEMENT FEES - BERKSHIRE ASSET MANAGEMENT 2,112 2,112   0


    TY 2021 TaxesSchedule
    Name:
    SZULIK FAMILY FOUNDATION
    EIN:
    27-6979466
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES PAID 197 197   0