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 06-01-2021 , and ending 12-31-2021
Name of foundation
THE DALIS FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)3200 PACIFIC AVENUE SUITE 100
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
VIRGINIA BEACH, VA23451
A Employer identification number

54-6046229
B Telephone number (see instructions)

(757) 423-3318
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$19,092,251J 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... 210,144 210,144  
5a Gross rents............ 234,827 234,827  
b Net rental income or (loss) -2,655
6a Net gain or (loss) from sale of assets not on line 10 430,697
b Gross sales price for all assets on line 6a 1,316,877
7 Capital gain net income (from Part IV, line 2)... 430,697
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........ 875,668 875,668  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 59,250 53,325   5,925
14 Other employee salaries and wages...... 22,000 19,800   2,200
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 14,650 13,185   1,465
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 13,256 11,930   1,326
19 Depreciation (attach schedule) and depletion... Click to see attachment 45,723 45,723  
20 Occupancy.............. 191,759 191,759   0
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 346,638 335,722   10,916
25 Contributions, gifts, grants paid....... 171,811 171,811
26 Total expenses and disbursements. Add lines 24 and 25 518,449 335,722   182,727
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 357,219
b Net investment income (if negative, enter -0-) 539,946
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............. 378,324 289,990 289,990
2 Savings and temporary cash investments......... 219,760 789,389 789,389
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.......... 4,100 4,100 4,100
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 6,566,016 Click to see attachment6,446,338 6,082,347
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet1,919,849
Less: accumulated depreciation (attach schedule) bullet667,568 1,298,004 Click to see attachment1,252,281 6,851,564
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 0 Click to see attachment0 5,045,777
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment0 Click to see attachment29,084 Click to see attachment29,084
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 8,466,204 8,811,182 19,092,251
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment12,241 Click to see attachment0
23 Total liabilities (add lines 17 through 22)......... 12,241 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........ 1,473,099 1,473,099
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 6,980,864 7,338,083
29 Total net assets or fund balances (see instructions)..... 8,453,963 8,811,182
30 Total liabilities and net assets/fund balances (see instructions). 8,466,204 8,811,182
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
8,453,963
2
Enter amount from Part I, line 27a .....................
2
357,219
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
8,811,182
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
8,811,182
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 SIMON PROPERTY GROUP INC COM USD0 0001/CUSIP XXX-XX-XXXX   2020-10-14 2021-06-03
b SPDR GOLD TRUST GOLD SHSETF/CUSIP 78463V107 SYMBOL GLD NOTE CL   2020-01-01 2021-06-04
c SPDR GOLD TRUST GOLD SHSETF/CUSIP 78463V107 SYMBOL GLD NOTE CL   2020-01-01 2021-06-21
d RAYTHEON TECH CORP COM/CUSIP 75513E101 SYMBOL RTX   2017-04-20 2021-06-21
e SPDR GOLD TRUST GOLD SHSETF/CUSIP 78463V107 SYMBOL GLD NOTE CL   2020-01-01 2021-07-06
MEDTRONIC PLC COM/CUSIP G5960L103 SYMBOL MDT   2020-06-18 2021-07-22
3M COMPANY COM/CUSIP 88579Y101 SYMBOL: MMM   2014-05-14 2021-07-22
3M COMPANY COM CUSIP 88579Y101 SYMBOL MMM   2020-01-01 2021-07-22
SPDR GOLD TRUST GOLD SHSETF/CUSIP 78463V107 SYMBOL GLD NOTE CL   2020-01-01 2021-08-05
SPDR GOLD TRUST GOLD SHS ETF CUSIP 78463V107 SYMBOL GLD NOTE CL   2020-06-19 2021-08-09
CONSTELLATION BRANDS INC COM CL A CUSIP 21036P108 SYMBOL STZ   2020-11-03 2021-08-20
ISHARES INC MSCI EURZONE ETF/CUSIP XXX-XX-XXXX   2021-06-21 2021-08-20
ABBVIE INC COM/CUSIP 00287Y109 SYMBOL ABBV   2020-08-11 2021-08-20
MONDELEZ INTL INC COM CL A/CUSIP XXX-XX-XXXX/ SYMBOL MDLZ   2020-01-01 2021-08-20
AIRBNB INC COM CL A/CUSIP XXX-XX-XXXX SYMBOL ABNB   2021-07-22 2021-09-13
LOCKHEED MARTIN CORP COM/CUSIP XXX-XX-XXXX   2021-02-05 2021-11-08
BARON CAPITAL GROUP GLOBAL ADVANTAGE INST CUSIP 06828M835 SYMBOL BGAIX   2020-08-03 2021-11-08
TD AMERITRADE   2021-01-01 2021-12-31
(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 133,837   66,066 67,771
b 116     116
c 166,959   186,992 -20,033
d 175,609     175,609
e 57     57
12,664   9,476 3,188
9,958     9,958
89,626     89,626
58     58
161,744   163,661 -1,917
107,219   92,374 14,845
99,829   99,755 74
59,520   46,224 13,296
63,585     63,585
40,225   34,980 5,245
169,526   168,805 721
24,976   17,847 7,129
1,369     1,369
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       67,771
b       116
c       -20,033
d       175,609
e       57
      3,188
      9,958
      89,626
      58
      -1,917
      14,845
      74
      13,296
      63,585
      5,245
      721
      7,129
      1,369
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 2 430,697
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 7,505
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 7,505
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 0
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 0
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 108
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 7,613
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet   RefundedBullet 11  
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 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)
    bulletVA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletMICHAEL NORMENT Telephone no.bullet (757) 754-8382

    Located atbullet3200 PACIFIC AVE SUITE 100VIRGINIA BEACHVA ZIP+4bullet23451
    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
    MICHAEL NORMENT DIRECTOR
    20.00     		59,250 0 0
    3200 PACIFIC AVE SUITE 100
    VIRGINIA BEACH,VA23451
    MATTHEW NORMENT DIRECTOR
    5.00     		0 0 0
    3200 PACIFIC AVE SUITE 100
    VIRGINIA BEACH,VA23451
    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
    6,535,331
    b
    Average of monthly cash balances.......................
    1b
    838,736
    c
    Fair market value of all other assets (see instructions)................
    1c
    11,926,425
    d
    Total (add lines 1a, b, and c).........................
    1d
    19,300,492
    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
    19,300,492
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    289,507
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    19,010,985
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    557,307
    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
    557,307
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    7,505
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    7,505
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    549,802
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    549,802
    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
    549,802
    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 7 549,802
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 182,727
    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$ 182,727
    a Applied to 2020, but not more than line 2a 182,727
    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..... 0
    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 ..........     		549,802
    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).)
    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
    CHESAPEAKE BAY ACADEMY
    821 BAKER RD
    VIRGINIA BEACH,VA23462     		  PC TO SUPPORT EDUCATION OF STUDENTS WITH LEARNING DISABILITIES, INCLUDING ATTENTION DISORDERS, DYSLEXIA, AND DYSGRAPHIA. 25,000
    CHESAPEAKE BAY FOUNDATION
    6 HERNDON AVE
    ANNAPOLIS,MD21403     		  PC TO SUPPORT SAVING THE BAY THROUGH EDUCATION, ADVOCACY, LITIGATION, AND RESTORATION 10,000
    FOODBANK OF SOUTHEASTERN VA
    800 TIDEWATER DRIVE
    NORFOLK,VA23504     		  PC TO HELP ELIMINATE HUNGER IN THE COMMUNITY. 10,000
    HURRAH PLAYERS
    485 ST PAULS BLVD
    NORFOLK,VA23510     		  PC ARTS FOR COMMUNITY 50,000
    KELSKIDS
    216 C 56TH STREET
    VIRGINIA BEACH,VA23451     		  NC TO HELP DIAGNOSE DISABLED PEOPLE TO GAIN SENSE OF FREEDOM THROUGH AQUATIC PROGRAMS. 11,811
    MERCY CHEFS
    4240 PORTSMOUTH BLVD 402
    CHESAPEAKE,VA23321     		  PC TO PROVIDE MEALS TO INDIVIDUALS IN AREAS OF NATURAL DISASTERS. 10,000
    MERCY MEDICAL ANGELS
    4620 HAYGOOD ROAD SUITE 1
    VIRGINIA BEACH,VA23455     		  PC TO REMOVE THE BARRIER TO MEDICAL CARE WITH TRANSPORTATION ON THE GROUND WITH GAS CARDS, BUS AND TRAIN TICKETS AND IN THE AIR WITH COMMERCIAL FLIGHTS AND VOLUNTEER PILOTS. 20,000
    OPERATION BLESSING
    977 CENTERVILLE TURNPIKE
    VIRGINIA BEACH,VA23463     		  PC DISASTER RELIEF 10,000
    UC REGENTS
    1111 FRANKLIN STREET
    OAKLAND,CA94607     		  PC EDUCATION 15,000
    VIRGINIA SUPPORTIVE HOUSING
    8002 DISCOVERY DR 201
    RICHMOND,VA23229     		  PC HOUSING ASSISTANCE 10,000
    Total .................................bullet 3a 171,811
    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.....     16 -2,655  
    6 Net rental income or (loss) from personal property          
    7 Other investment income .....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 430,697  
    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) .. 0 638,186 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    638,186
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

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

    TY 2021 DepreciationSchedule
    Name:
    THE DALIS FOUNDATION
    EIN:
    54-6046229
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    BUILDING 33RD & PACIFIC AVE 1978-12-01 225,000 225,000 SL 30.000000000000 0 0    
    LAND 33RD & PACIFIC AVE 1978-12-01 224,232   L   0 0    
    LAND 32ND & PACIFIC AVE 1978-12-01 82,000   L   0 0    
    NEW ROOF 1995-10-30 30,732 20,193 SL 39.000000000000 460 460    
    APPRAISAL FEE 2011-10-17 6,000     0 % 0 0    
    OTHER FEES 2013-05-31 39,790     0 % 0 0    
    OTHER FEES 2013-05-31 1,950     0 % 0 0    
    LEASEHOLD IMPROVEMENTS 2014 2016-06-01 136,914 45,640 SL 15.000000000000 5,324 5,324    
    ELECTRICAL UPDATE 2014 2016-06-01 100,000 33,335 SL 15.000000000000 3,889 3,889    
    SIGN 2014 2016-06-01 3,384 1,130 SL 15.000000000000 132 132    
    LEASEHOLD IMPROVEMENTS 2015 2016-06-01 333,089 111,030 SL 15.000000000000 12,953 12,953    
    ELEVATOR 2015 2016-06-01 23,520 7,840 SL 15.000000000000 915 915    
    LEASEHOLD IMPROVEMENTS 2016 2016-06-01 463,408 154,470 SL 15.000000000000 18,021 18,021    
    APPRAISAL FEE 2017-01-24 5,000     0 % 0 0    
    NEW FENCING 2017-09-28 5,830 1,426 SL 15.000000000000 227 227    
    LEASEHOLD IMPROVEMENTS 2017/2018 2017-11-05 176,219 16,190 SL 39.000000000000 2,636 2,636    
    HVAC 2018-01-02 21,210 1,859 SL 39.000000000000 317 317    
    BATHROOM REMODEL 2018-05-29 32,075 2,466 SL 39.000000000000 480 480    
    LEASEHOLD IMPROVEMENTS 2018/2019 2019-05-29 9,496 1,266 SL 15.000000000000 369 369    

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    THE DALIS FOUNDATION
    EIN:
    54-6046229
    Name of Stock End of Year Book Value End of Year Fair Market Value
    3M CO COM 6,322,946 177,630
    ABBOTT LABORATORIES 703 140,740
    AUTOMATIC DATA PROCESSING 1,316 246,580
    EMERSON ELECTRIC COMPANY 514 185,940
    ENTERPRISE PRODS PARTNERS LP 60,464 109,800
    JOHNSON & JOHNSON 2,136 342,140
    MCDONALD'S CORP 692 134,035
    PHILIP MORRIS INTERNATIONAL 27,775 285,000
    VERIZON 29,792 103,920
    ABBVIE INC COM 0 203,100
    AIR PRODUCTS & CHEMICALS INC 0 304,260
    ALIBABA GROUP HOLDING LTD 0 59,395
    ALPHABET INC 0 289,704
    AMAZON 0 266,747
    AMERICAN TOWER CORP 0 146,250
    APPLE INC 0 266,355
    ARES CAPITAL CORP 0 105,950
    AVALONBAY COMMUNITIES 0 151,554
    BERKSHIRE HATHAWAY INC 0 299,000
    BOSTON PROPERTIES INC 0 115,180
    COCA-COLA CO 0 118,420
    CONSTELLATION BRANDS INC 0 125,485
    CROWN CASTLE INTL CORP 0 208,740
    DUKE ENERGY CORP 0 157,350
    EQUITY RESIDENTIAL 0 90,500
    GOLDMAN SACHS GROUP INC 0 191,275
    JP MORGAN CHASE & CO 0 158,350
    MCCORMICK & COMPANY INC 0 115,932
    MEDTRONIC PLC 0 93,105
    META PLATFORMS INC 0 201,810
    MONDELEZ INTL 0 198,930
    NORTHROP GRUMMAN 0 193,535
    PUBLIC STORAGE 0 187,280
    VISA INC 0 108,355

    TY 2021 InvestmentsLandSchedule2
    Name:
    THE DALIS FOUNDATION
    EIN:
    54-6046229
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    BUILDING 33RD & PACIFIC AVE 225,000 225,000 0  
    LAND 33RD & PACIFIC AVE 224,232 0 224,232  
    LAND 32ND & PACIFIC AVE 82,000 0 82,000  
    NEW ROOF 30,732 20,653 10,079  
    APPRAISAL FEE 6,000 0 6,000  
    OTHER FEES 39,790 0 39,790  
    OTHER FEES 1,950 0 1,950  
    LEASEHOLD IMPROVEMENTS 2014 136,914 50,964 85,950  
    ELECTRICAL UPDATE 2014 100,000 37,224 62,776  
    SIGN 2014 3,384 1,262 2,122  
    LEASEHOLD IMPROVEMENTS 2015 333,089 123,983 209,106  
    ELEVATOR 2015 23,520 8,755 14,765  
    LEASEHOLD IMPROVEMENTS 2016 463,408 172,491 290,917  
    APPRAISAL FEE 5,000 0 5,000  
    NEW FENCING 5,830 1,653 4,177  
    LEASEHOLD IMPROVEMENTS 2017/2018 176,219 18,826 157,393  
    HVAC 21,210 2,176 19,034  
    BATHROOM REMODEL 32,075 2,946 29,129  
    LEASEHOLD IMPROVEMENTS 2018/2019 9,496 1,635 7,861  

    TY 2021 InvestmentsOtherSchedule2
    Name:
    THE DALIS FOUNDATION
    EIN:
    54-6046229
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ALTRIA GROUP AT COST 0 284,340
    EXCHANGE TRADED FUNDS AT COST 0 1,357,103
    MUTUAL FUNDS AT COST 0 2,788,121
    BLACKSTONE REAL ESTATE INCOME TRUST AT COST 0 616,213

    TY 2021 LegalFeesSchedule
    Name:
    THE DALIS FOUNDATION
    EIN:
    54-6046229
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 14,650 13,185   1,465


    TY 2021 OtherAssetsSchedule
    Name:
    THE DALIS FOUNDATION
    EIN:
    54-6046229
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    CONSTRUCTION IN PROGRESS   29,084 29,084


    TY 2021 OtherLiabilitiesSchedule
    Name:
    THE DALIS FOUNDATION
    EIN:
    54-6046229
    Description Beginning of Year - Book Value End of Year - Book Value
    PAYROLL WITHHOLDINGS 12,241 0


    TY 2021 TaxesSchedule
    Name:
    THE DALIS FOUNDATION
    EIN:
    54-6046229
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL TAXES 6,216 5,594   622
    FEDERAL INCOME TAXES 7,040 6,336   704