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
CARITAS FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 1150
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MADISON, WI537011150
A Employer identification number

41-6487728
B Telephone number (see instructions)

(608) 257-3501
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$13,055,227J 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... 250,373 238,850  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 255,720
b Gross sales price for all assets on line 6a 3,054,917
7 Capital gain net income (from Part IV, line 2)... 255,720
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 506,093 494,570  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 28,000 0   28,000
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 37,849 37,849   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 28,841 3,841   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 364 0   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 95,054 41,690   28,000
25 Contributions, gifts, grants paid....... 459,000 459,000
26 Total expenses and disbursements. Add lines 24 and 25 554,054 41,690   487,000
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -47,961
b Net investment income (if negative, enter -0-) 452,880
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......... 1,288,416 179,927 179,927
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) 1,677,766 Click to see attachment2,165,035 2,188,271
b Investments—corporate stock (attach schedule)....... 4,005,377 Click to see attachment4,218,127 7,427,872
c Investments—corporate bonds (attach schedule)....... 2,868,940 Click to see attachment3,208,205 3,259,157
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
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) 9,840,499 9,771,294 13,055,227
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........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 9,840,499 9,771,294
29 Total net assets or fund balances (see instructions)..... 9,840,499 9,771,294
30 Total liabilities and net assets/fund balances (see instructions). 9,840,499 9,771,294
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
9,840,499
2
Enter amount from Part I, line 27a .....................
2
-47,961
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
9,792,538
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
21,244
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
9,771,294
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 SECURITIES - ST      
b WASH SALES - ST      
c PUBLICLY TRADED SECURITIES - LT      
d WASH SALES - LT      
e CAPITAL GAINS 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 943,815   919,980 23,835
b 23     23
c 2,109,968   1,879,217 230,751
d 878     878
e 233     233
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       23,835
b       23
c       230,751
d       878
e       233
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 2 255,720
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 6,295
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 6,295
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 18,228
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 18,228
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 11,933
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet11,933 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)
    bulletWI
    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 ofbulletHAMANG PATEL Telephone no.bullet (608) 283-2278

    Located atbullet1 S PINCKNEY STREET STE 700MADISONWI ZIP+4bullet537034257
    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)
    Yes
     
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)? ......................
    1a(5)
     
    No
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.) ...............
    1a(6)
     
    No
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
    1b
     
    No
    c
    ........bullet
    d
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2021? .............
    1d
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2021.) .....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    No
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
    5b
     
     
    c
    .........bullet
    d
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant? .................
    5d
     
     
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract? .............................
    6a
     
    No
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    7a
     
    No
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .........................
    8
     
    No
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    FREDERICK P SCHWARTZ PRESIDENT, DIRECTOR
    1.00     		0 0 0
    PO BOX 1150
    MADISON,WI537011150
    DEBORAH A SCHWARTZ VICE-PRESIDENT, DIRECTOR
    1.00     		0 0 0
    PO BOX 1150
    MADISON,WI537011150
    HAMANG B PATEL EXEC. DIRECTOR, SECRETARY,
    5.00     		24,000 0 0
    1 S PINCKNEY ST STE 700
    MADISON,WI537034257
    SARAH A KUEMMEL DIRECTOR
    1.00     		1,000 0 0
    PO BOX 1150
    MADISON,WI537011150
    KATHERINE EBY DIRECTOR
    1.00     		1,000 0 0
    PO BOX 1150
    MADISON,WI537011150
    JOSEPH M SCHWARTZ DIRECTOR
    1.00     		1,000 0 0
    PO BOX 1150
    MADISON,WI537011150
    DAVID KRUGER DIRECTOR
    1.00     		1,000 0 0
    PO BOX 1150
    MADISON,WI537011150
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part VIII-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part VIII-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    12,866,472
    b
    Average of monthly cash balances.......................
    1b
    15,055
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    12,881,527
    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
    12,881,527
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    193,223
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    12,688,304
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    634,415
    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
    634,415
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    6,295
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    6,295
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    628,120
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    628,120
    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
    628,120
    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 7 628,120
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 424,925
    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$ 487,000
    a Applied to 2020, but not more than line 2a 424,925
    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..... 62,075
    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 ..........     		566,045
    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).)
    FREDERICK P SCHWARTZ
    DEBORAH A SCHWARTZ
    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
    ACCESS COMMUNITY HEALTH CENTERS
    2901 W BELTLINE HIGHWAY SUITE 120
    MADISON,WI53713     		  PC HEALTHCARE SUPPORT 50,000
    CAMP GRAY INC
    E10213 SHADY LANE ROAD
    REEDSBURG,WI53959     		  PC YURT CONSTRUCTION 5,000
    DISTRICT COUNCIL OF MADISON INC SOCIETY OF ST VINCENT DE PAUL
    2033 FISH HATCHERY ROAD
    MADISON,WI53713     		  PC HUMAN SERVICES SUPPORT 70,000
    EDGEWOOD COLLEGE
    1000 EDGEWOOD COLLEGE DRIVE
    MADISON,WI53711     		  PC WELLNESS CENTER, 3RD OF 5 50,000
    MADYM
    3330 UNIVERSITY AVENUE SUITE 202
    MADISON,WI53705     		  PC YOUTH DEVELOPMENT TECHNOLOGY SUPPORT 50,000
    ONE CITY SCHOOLS INC
    2012 FISHER STREET
    MADISON,WI53713     		  PC EDUCATION SUPPORT 125,000
    OPERATION FRESH START
    1925 WINNEBAGO STREET
    MADISON,WI53704     		  PC EDUCATION SUPPORT 50,000
    OUR LADY QUEEN OF PEACE SCHOOL
    418 HOLLY AVENUE
    MADISON,WI53711     		  PC EDUCATION SUPPORT 10,000
    RONALD MCDONALD HOUSE CHARITIES OF MADISON INC
    2716 MARSHALL COURT
    MADISON,WI53705     		  PC HUMAN SERVICES SUPPORT 5,000
    ST MARY'S FOUNDATION INC
    700 S PARK STREET
    MADISON,WI53715     		  PC HEALTHCARE SUPPORT 5,000
    THREE GAITS INC
    1701 WRIGHT STREET
    MADISON,WI53704     		  PC THERAPY SUPPORT 14,000
    UNIVERSITY OF WISCONSIN FOUNDATION
    1848 UNIVERSITY AVENUE
    MADISON,WI53726     		  PC HEALTHY MINDS INNOVATIONS 25,000
    Total .................................bullet 3a 459,000
    bApproved for future payment
    EDGEWOOD COLLEGE
    1000 EDGEWOOD COLLEGE DRIVE
    MADISON,WI53711     		  PC WELLNESS CENTER, 4-5 OF 5 100,000
    Total .................................bullet 3b 100,000
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments ....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities ....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income .....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 255,720  
    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) .. 0 506,093 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    506,093
    (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 InvestmentsCorpBondsSchedule
    Name:
    CARITAS FOUNDATION
    EIN:
    41-6487728
    Name of Bond End of Year Book Value End of Year Fair Market Value
    BDA 48,227 48,227
    HSBC HOLDINGS PLC 4.0% 50,465 50,446
    TOYOTA MOTOR CREDIT CORP 2.7% 49,972 51,125
    WESTPAC BANKING CORP 2.7% 49,992 50,751
    TRANSCANADA PIPELINES LIMITED 3.75% 30,427 31,224
    SIMON PROPERTY GROUP LP 3.75% 22,132 21,990
    TORONTO-DOMINION BANK 3.25% 49,936 52,259
    VERIZON COMMUNICATIONS INC 0.75% 19,999 19,922
    INTERPUBLIC GROUP COS 4.2% 25,552 26,682
    EL PASO PIPELINE PARTNERS 4.3% 50,850 53,057
    COSTCO WHOLESALE CORP 2.75% 20,061 20,780
    GLAXOSMITHKLINE CAPITAL PLC 3.0% 22,045 21,975
    NORTHROP GRUMMAN CORP 2.93% 74,408 78,155
    LOCKHEED MARTIN CORP 2.9% 49,823 52,388
    EASTMAN CHEMICAL COMPANY 3.8% 50,964 53,415
    BROADCOM INC 4.7% 38,847 38,282
    PAYPAL HOLDINGS INC 1.65% 25,643 25,316
    AMERICAN INTERNATIONAL GROUP 3.75% 32,695 32,114
    SYNCHRONY FINANCIAL 4.5% 38,426 37,831
    WELLS FARGO & COMPANY HYBRID 2.188% 73,484 71,266
    UNITEDHEALTH GROUP INC 1.15% 85,550 84,128
    CVS HEALTH CORPORATION 3.0% 20,976 22,187
    COMCAST CORP 3.3% 43,657 42,995
    AT&T INC 4.25% 56,840 55,495
    B.A.T. CAPITAL CORPORATION 4.7% 28,726 27,518
    BP CAP MARKETS AMERICA 3.588% 49,173 48,627
    CITIGROUP INC HYBRID 3.887% 57,113 54,241
    SALESFORCE.COM INC 3.7% 28,033 27,762
    SUMITOMO MITSUI FINANCIAL GROUP 3.944% 49,660 49,869
    BANK OF MONTREAL HYBRID 4.338% 21,854 21,036
    MIDAMERICAN ENERGY CO 3.65% 54,054 55,145
    PNC FINANCIAL SERVICES GROUP 3.45% 21,830 21,796
    NEVADA POWER CO 3.7% 27,587 27,376
    S&P GLOBAL INC. 2.5% 75,469 77,528
    JPMORGAN CHASE & CO HYBRID 4.452% 68,941 68,150
    WESTPAC BANKING CORP 2.894% 31,508 30,655
    SYSCO CORPORATION 2.4% 49,824 50,196
    AVALONBAY COMMUNITIES, INC. 2.3% 64,930 65,822
    PEPSICO INC 2.75% 39,785 42,266
    LOWE'S COMPANIES, INC. 4.5% 29,855 34,857
    SHERWIN-WILLIAMS CO 2.3% 39,992 39,930
    MORGAN STANLEY HYBRID 2.699% 45,008 46,040
    WELLS FARGO & COMPANY HYBRID 2.572% 9,828 10,219
    BANK OF AMERICA CORPORATION HYBRID 2.496% 105,000 105,374
    DUKE ENERGY CAROLINAS 2.55% 24,677 24,666
    QUALCOMM INC 1.65% 23,727 23,672
    BANK OF MONTREAL HYBRID 3.803% 50,936 48,301
    COMCAST CORP 4.25% 25,857 25,781
    ACCRUED INCOME 0 17,137
    IADB 2.5% 125,000 127,570
    ROYAL BK SCOTLAND GRP PLC 6.0% 32,900 32,606
    EATON VANCE INCOME FUND OF BOSTON 995,967 1,013,007

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    CARITAS FOUNDATION
    EIN:
    41-6487728
    Name of Stock End of Year Book Value End of Year Fair Market Value
    BDA 15,696 15,696
    ALG 5,315 8,831
    ALGT 5,943 7,295
    ABCB 6,806 10,930
    AMSF 4,194 5,114
    ATRC 4,274 9,387
    AVNT 9,302 15,498
    AZTA 7,108 9,795
    BCPC 3,130 7,587
    BOOT 3,852 11,690
    CSTL 4,194 3,430
    CATY 6,925 9,329
    CENTA 6,433 9,666
    CRNC 6,872 6,898
    CCXI 3,278 3,277
    CHDN 5,546 10,359
    CHUY 2,727 3,193
    CNS 2,883 9,714
    CVET 7,125 6,111
    CRY 5,048 4,782
    CYRX 3,656 8,047
    DAVA 6,067 11,922
    FIVE 1,778 6,207
    GBCI 5,053 10,773
    GMED 4,114 11,191
    LOPE 2,639 8,142
    HALO 10,024 11,259
    HQY 6,560 5,972
    HTLD 2,110 2,473
    HELE 2,576 6,112
    HLIO 5,429 13,251
    HMN 7,648 7,276
    HLI 5,120 10,870
    ICFI 5,026 8,614
    ICUI 1,749 4,984
    IDA 5,081 7,365
    INDB 3,549 4,566
    IART 6,988 8,374
    ITCI 2,485 2,617
    LHCG 6,307 7,685
    LAD 2,178 7,424
    MTSI 6,604 14,877
    MGY 7,740 11,416
    MTDR 7,555 8,307
    MEDP 7,473 12,841
    MTX 7,682 9,217
    N W E 6,885 8,688
    OCFC 5,784 7,237
    OLLI 5,223 3,942
    LPRO 3,754 2,360
    OXM 4,247 6,599
    PPBI 8,426 9,807
    PATK 7,084 10,651
    PYCR 6,167 6,194
    PCTY 3,486 9,446
    PFGC 8,489 12,299
    PHR 8,936 10,457
    PRIM 6,891 7,074
    PGNY 4,425 7,905
    RPD 6,047 12,593
    ROLL 4,465 11,310
    RVLV 3,155 3,923
    SBCF 7,583 10,723
    SHYF 4,682 7,566
    SLGN 1,214 3,984
    SLAB 4,323 10,734
    SKY 6,717 18,323
    SPXC 10,094 9,967
    SF 4,374 10,211
    SUPN 8,059 9,069
    SYNH 6,129 13,451
    TEX 4,902 4,834
    TXRH 3,949 13,392
    UFPI 2,314 12,881
    ECOL 3,469 3,513
    VCYT 4,154 5,768
    VIAV 7,534 10,219
    WWW 4,473 5,330
    ADC 5,538 6,208
    NHI 3,979 4,885
    RHP 6,938 7,816
    STAG 7,701 14,867
    DSGX 5,564 9,921
    NOVT 6,261 11,814
    RBA 3,633 9,059
    GW&K SMALL CAP CORE (ACCRUED INCOME) 0 355
    BDA 36,410 36,410
    EPAM 15,281 19,385
    LULU 12,463 19,573
    MTD 9,218 20,367
    RMD 11,875 23,704
    SHZHY 13,459 11,767
    A C N 8,022 22,800
    ADYEY 11,651 15,509
    AAGIY 15,481 21,091
    ALC 13,488 19,079
    AMADY 14,877 13,497
    AON 10,171 13,826
    ASML 12,825 35,030
    ATLKY 11,200 19,146
    TEAM 14,986 14,489
    CP 11,468 23,021
    CSLLY 11,611 24,624
    DSDVY 8,525 26,391
    EVVTY 13,000 11,649
    EXPGY 12,038 27,204
    RACE 15,249 20,964
    ICLR 11,789 21,989
    LSRCY 14,223 24,700
    LNNGY 11,442 10,947
    LZAGY 14,999 19,308
    LVMUY 7,283 21,165
    NSRGY 10,507 18,043
    PDRDY 9,815 13,710
    SHOP 5,505 20,661
    SXYAY 10,502 20,238
    STE 9,267 17,039
    TSM 9,038 29,596
    WXXWY 11,764 10,090
    WCM DYNAMIC EQUITY (ACCRUED INCOME) 0 114
    SPY 1,983,581 4,399,534
    BTMKX 1,062,440 1,238,740
    SSKEX 295,784 386,733

    TY 2021 InvestmentsGovtObligationsSch
    Name:
    CARITAS FOUNDATION
    EIN:
    41-6487728
    US Government Securities - End of Year Book Value:

    2,089,103
    US Government Securities - End of Year Fair Market Value:

    2,109,391
    State & Local Government Securities - End of Year Book Value:


    75,932
    State & Local Government Securities - End of Year Fair Market Value:


    78,880


    TY 2021 OtherDecreasesSchedule
    Name:
    CARITAS FOUNDATION
    EIN:
    41-6487728
    Description Amount
    TIMING DIFFERENCES ON INVESTMENT INCOME (SPILLOVER/CROSS YEAR) 21,244


    TY 2021 OtherExpensesSchedule
    Name:
    CARITAS FOUNDATION
    EIN:
    41-6487728
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    U.S. POST OFFICE - POSTAGE 364 0   0


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    CARITAS FOUNDATION
    EIN:
    41-6487728
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    GS - INVESTMENT MANAGEMENT 37,694 37,694   0
    GS - INVESTMENT EXPENSES 155 155   0


    TY 2021 TaxesSchedule
    Name:
    CARITAS FOUNDATION
    EIN:
    41-6487728
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    GS - FOREIGN TAX PAID 3,841 3,841   0
    DEPARTMENT OF TREASURY - 990PF EXCISE TAX PAYMENT 25,000 0   0