TY 2021 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
bullet

Go 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 07-01-2021 , and ending 06-30-2022

Name of foundation
CORIO FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)824 SAN JUAN PLACE NW
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
LOS RANCHOS, NM87107

A Employer identification number

81-4737356

B Telephone number (see instructions)

(505) 270-7408

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$59,486,907J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	1,090,430		1,144,204
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		-932,468
b	Gross sales price for all assets on line 6a 21,987,578
7	Capital gain net income (from Part IV, line 2)...			0
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).......		10,328	0
12	Total. Add lines 1 through 11........	168,290		1,144,204
13	Compensation of officers, directors, trustees, etc.	0		0	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......		22,114	11,057	11,057
c	Other professional fees (attach schedule)....		147,324	147,324	0
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		218,102	0	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		903	26,824	361
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	388,443		185,205	11,418
25	Contributions, gifts, grants paid.......	2,635,000			2,635,000
26	Total expenses and disbursements. Add lines 24 and 25	3,023,443		185,205	2,646,418
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-2,855,153
b	Net investment income (if negative, enter -0-)			958,999
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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	2,915,381	908,777	908,777
	2	Savings and temporary cash investments.........	1,966,146	4,358,480	4,358,480
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)	0	2,465,299	2,465,299
	b	Investments—corporate stock (attach schedule).......	43,569,910	41,494,649	41,494,649
	c	Investments—corporate bonds (attach schedule).......	1,793,506	1,466,364	1,466,364
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	11,036,866	8,780,951	8,780,951
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )	0	12,387	12,387
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	61,281,809	59,486,907	59,486,907
	17	Accounts payable and accrued expenses..........	30,049	30,049
	18	Grants payable.................	2,075,000	650,000
	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 )
	23	Total liabilities (add lines 17 through 22).........	2,105,049	680,049
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........	59,176,760	58,806,858
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds
	29	Total net assets or fund balances (see instructions).....	59,176,760	58,806,858
	30	Total liabilities and net assets/fund balances (see instructions).	61,281,809	59,486,907

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

59,176,760

Enter amount from Part I, line 27a .....................

-2,855,153

Other increases not included in line 2 (itemize) bullet

2,485,251

Add lines 1, 2, and 3 ..........................

58,806,858

Decreases not included in line 2 (itemize) bullet

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

58,806,858

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
1 a	PUBLICLY TRADED SECURITIES	P
b	PUBLICLY TRADED SECURITIES	P
c	CAPITAL GAINS DIVIDENDS	P
d	K-1 CAPITAL GAINS/LOSS	P
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	8,510,787	8,709,069	-198,282
b	13,169,388	13,960,549	-791,161
c	56,975		56,975
d	250,428		250,428
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69			(l) Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col.(h))
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a			-198,282
b			-791,161
c			56,975
d			250,428
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	-682,040
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 ...................		3

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 and enter “N/A" on line 1.
	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	13,330
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	13,330
6	Credits/Payments:

a	2021 estimated tax payments and 2020 overpayment credited to 2021	6a	109,200
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	109,200
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.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	95,870
11	Enter the amount of line 10 to be: Credited to 2022 estimated tax95,870	Refunded	11	0

Part VI-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

$ 0

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?.........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

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?................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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 .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

Form 990-PF (2021)

Page 5

Part VI-A

Statements Regarding Activities (continued)

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

N/A

The books are in care of bullet

BUSINESS SOLUTIONS BY DESIGN Telephone no. bullet

(505) 270-7408

Located at bullet

PO BOX 66802ALBUQUERQUENM ZIP+4 bullet

87193

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

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

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)

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person? ..............................

1a(2)

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........

1a(3)

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............

1a(4)

(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)

(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)

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 ..........

Organizations relying on a current notice regarding disaster assistance check here........ bullet

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? .............

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)):

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?....................

If "Yes," list the years bullet

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year? ..............................

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.) .....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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? ..

Form 990-PF (2021)

Page 6

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........

5a(1)

(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)

(3) Provide a grant to an individual for travel, study, or other similar purposes? .............

5a(3)

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions ........................

5a(4)

(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)

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 ........

Organizations relying on a current notice regarding disaster assistance check here ......... bullet

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? .................

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract? .............................

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....

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? .........................

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
RONALD P CORIO	DIRECTOR/PRESIDENT 0.25	0	0	0
824 SAN JUAN PLACE NW LOS RANCHOS,NM87107	DIRECTOR/PRESIDENT 0.25	0	0	0
MICHAEL P CORIO	DIRECTOR/VICE PRESIDENT 0.25	0	0	0
824 SAN JUAN PLACE NW LOS RANCHOS,NM87107	DIRECTOR/VICE PRESIDENT 0.25	0	0	0
KATHERINE G CORIO	DIRECTOR/SECRETARY 0.25	0	0	0
1316 CREST RD DEL MAR,CA92014	DIRECTOR/SECRETARY 0.25	0	0	0
PHILIP G CORIO	TREASURER 0.25	0	0	0
230 KEARNEY ST DENVER,CO80224	TREASURER 0.25	0	0	0

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...................				0

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
UBS FINANCIAL SERVICES	INVESMENT MANAGEMENT	147,324
2000 AVENUE OF THE STARS 7TH FLOOR NORTH LOS ANGELES,CA900674700	INVESMENT MANAGEMENT	147,324

Total number of others receiving over $50,000 for professional services............. bullet

Part VIII-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1


2


3


4

Part VIII-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1


2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... bullet

Form 990-PF (2021)

Page 8

Part IX

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

53,842,962

Average of monthly cash balances.......................

3,560,468

Fair market value of all other assets (see instructions)................

8,793,338

Total (add lines 1a, b, and c).........................

66,196,768

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

66,196,768

Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see

instructions) .............................

992,952

Net value of noncharitable-use assets. Subtract line 4 from line 3. .......

65,203,816

Minimum investment return. Enter 5% (0.05) of line 5................

3,260,191

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.)

Minimum investment return from Part IX, line 6..................

3,260,191

Tax on investment income for 2021 from Part V, line 5.......

13,330

Income tax for 2021. (This does not include the tax from Part V.) ...

Add lines 2a and 2b............................

13,330

Distributable amount before adjustments. Subtract line 2c from line 1............

3,246,861

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

3,246,861

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...

3,246,861

Part XI

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

Program-related investments—total from Part VIII-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4.

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				3,246,861
2 Undistributed income, if any, as of the end of 2021:
a Enter amount for 2020 only.......			1,951,800
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: $ 2,646,418
a Applied to 2020, but not more than line 2a			1,951,800
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.....				694,618
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 ..........				2,552,243
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)

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 4942(j)(3) or4942(j)(5)

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	(e) Total

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).)

RONALD P CORIO

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

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

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)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
ANIMAL HUMANE NEW MEXICO 615 VIRGINIA ST SE ALBUQUERQUE,NM87108		PC	GENERAL OPERATIONS	50,000
COALITION FOR RAINFOREST NATIONS 52 VANDERBILT AVENUE 14TH FLOOR NEW YORK,NY10017		PC	GENERAL OPERATIONS	50,000
DOCTORS WITHOUT BORDERS 40 RECTOR ST 15TH FLOOR NEW YORK,NY10006		PC	GENERAL OPERATIONS	350,000
EARTH JUSTICE 50 CALIFORNIA ST STE 500 SAN FRANCISCO,CA94111		PC	GENERAL OPERATIONS	250,000
EL RANCHITO DE LOS NINOS PO BOX 2400 LOS LUNAS,NM87031		PC	GENERAL OPERATIONS	125,000
ENVIRONMENTAL DEFENSE FUND 123 MISSION ST SAN FRANCISCO,CA94105		PC	GENERAL OPERATIONS	300,000
JOY JUNCTION PO BOX 27693 ALBUQUERQUE,NM87125		PC	GENERAL OPERATIONS	50,000
MAYO CLINIC 200 FIRST STREET SW ROCHESTER,MN55905		PC	GENERAL OPERATIONS	250,000
NURTURING MINDS OF AFRICA PO BOX 600617 NEWTONVILLE,MA02460		PC	GENERAL OPERATIONS	150,000
PB&J FAMILY SERVICES 1101 LOPEZ RD SW ALBUQUERQUE,NM87105		PC	GENERAL OPERATIONS	150,000
ROADRUNNER FOOD BANK 5840 OFFICE BLVD NE ALBUQUERQUE,NM87109		PC	GENERAL OPERATIONS	50,000
SARANAM LLC 1100 EUBANK NE STE A ALBUQUERQUE,NM87112		PC	GENERAL OPERATIONS	50,000
UNLIKELY HEROES PO BOX 518 GRAPEVINE,TX76099		PC	GENERAL OPERATIONS	100,000
WATERMELON MOUNTAIN RANCH 3251 WESTPHALIA BLVD NE RIO RANCHO,NM87144		PC	GENERAL OPERATIONS	50,000
MENAUL SCHOOL 301 MENAUL BLVD NE ALBUQUERQUE,NM87107		PC	GENERAL OPERATIONS	650,000
INTERNATIONAL RELIEF TEAMS 3345 CAMINO DEL RIO SOUTH STE A SAN DIEGO,CA92108		PC	GENERAL OPERATIONS	10,000
Total ................................. 3a				2,635,000

bApproved for future payment

Total ................................. 3b				0

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	(e) Related or exempt function income (See instructions.)
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	-932,468
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aCLASS ACTION LAWSUIT SETTLEMENT			14	34
bFEDERAL TAX REFUND			14	10,294
cK-1 OTHER INCOME
d
e
12 Subtotal. Add columns (b), (d), and (e) ..		0		168,290	0

13Total. Add line 12, columns (b), (d), and (e)..................

168,290

(See worksheet in line 13 instructions to verify calculations.)

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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)

Page 13

Part XVI

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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? ...........Yes No

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.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2021)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2021 AccountingFeesSchedule

Name:

CORIO FOUNDATION

EIN:

81-4737356

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ACCOUNTING FEES	22,114	11,057		11,057

- TIN:

TY 2021 InvestmentsCorpBondsSchedule

Name:

CORIO FOUNDATION

EIN:

81-4737356

Name of Bond	End of Year Book Value	End of Year Fair Market Value
APPLE INC	49,909	49,909
AUTOMATIC DATA PROCESSNG	50,048	50,048
CATERPILLAR FINL SERVICE	50,080	50,080
CHARLES SCHWAB CORP	47,873	47,873
COMCAST CORP	70,010	70,010
COSTCO WHOLESALE CORP	49,699	49,699
DOLLAR GENERAL CORP	49,756	49,756
FRANKLIN RESOURCES INC	50,034	50,034
HONEYWELL INTERNATIONAL	43,041	43,041
IBM CORP	50,071	50,071
INTEL CORP	49,982	49,982
JOHNSON & JOHNSON	73,013	73,013
MERCK & CO INC	74,739	74,739
MICROSOFT CORP	49,874	49,874
NOVARTIS CAPITAL CORP	49,440	49,440
ORACLE CORP	49,242	49,242
PEPSICO INC	50,019	50,019
PFIZER INC	49,979	49,979
PNC FINANCIAL SERVICES	47,723	47,723
PROCTER & GAMBLE CO/THE	48,462	48,462
SHELL INTERNATIONAL FIN	44,242	44,242
SIMON PROPERTY GROUP LP	49,358	49,358
STATE STREET CORP	47,876	47,876
TOYOTA MOTOR CREDIT CORP	50,005	50,005
UNITED PARCEL SERVICE	73,174	73,174
VISA INC	50,044	50,044
WAL-MART STORES INC	49,431	49,431
WALT DISNEY COMPANY/THE MED TERM NOTE	49,240	49,240

- TIN:

TY 2021 InvestmentsCorpStockSchedule

Name:

CORIO FOUNDATION

EIN:

81-4737356

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ABBOTT LABS	33,682	33,682
ABBVIE INC	65,859	65,859
ACCENTURE PLC IRELAND CL A	51,921	51,921
ADOBE INC	36,972	36,972
ALPHABET INC	122,039	122,039
AMAZON.COM INC	229,414	229,414
AMER ELECTRIC POWER CO	36,841	36,841
AMERICAN TOWER CORP REIT	30,671	30,671
AMERIPRISE FINANCIAL	25,432	25,432
AMGEN INC	36,738	36,738
ANALOG DEVICES INC	55,952	55,952
APPLE INC	1,273,000	1,273,000
APPLIED MATERIALS INC	30,295	30,295
AUTOMATIC DATA PROCESSNG	44,318	44,318
BERKSHIRE HATHAWAY INC CL A	3,271,600	3,271,600
BLACKROCK INC	48,114	48,114
BLACKROCK GLOBAL ALLOCATION FUND INC INSTITUTIONAL	621,075	621,075
BOOKING HLDGS INC	17,490	17,490
BOSTON SCIENTIFIC CORP	30,604	30,604
BROADCOM INC	56,354	56,354
CHUBB LTD CHF	59,367	59,367
CISCO SYSTEMS INC	53,812	53,812
COCA COLA CO COM	71,088	71,088
COMCAST CORP NEW CL A	36,375	36,375
COSTCO WHOLESALE CORP	22,526	22,526
CREDIT SUISSE AG	464,695	464,695
DANAHER CORP	21,803	21,803
DIAGEO PLC NEW GB SPON ADR	51,540	51,540
DISCOVER FINANCIAL SERVICES	42,656	42,656
DOLLAR GEN CORP NEW	19,390	19,390
EATON VANCE RICHARD BERNSTEIN ALL ASSET STRATEGY FUND CLASS I	686,031	686,031
EOG RESOURCES INC	54,226	54,226
FIDELITY NATL INFORMATION SVCS	27,134	27,134
GUGGENHEIM MACRO OPPORTUNITIES FUND CLASS INSTITUTIONAL	395,048	395,048
GUGGENHEIM LIMITED DURATION FUND CLASS I	945,915	945,915
HOME DEPOT INC	74,876	74,876
HONEYWELL INTL INC	66,048	66,048
HSBC USA INC	729,000	729,000
INTERCONTINENTALEXCHANGE GROUP	16,081	16,081
INTUITIVE SURGICAL INC	22,680	22,680
ISHARES CORE S&P MIDCAP ETF	4,880,912	4,880,912
ISHARES RUSSELL 1000 GROWTH ETF	1,124,118	1,124,118
ISHARES RUSSELL 1000 VALUE ETF	1,914,474	1,914,474
ISHARES RUSSELL 2000 ETF	1,568,951	1,568,951
INVESCO S&P 500 EQUAL WEIGHT ETF	71,410	71,410
JOHNSON & JOHNSON	87,867	87,867
JPMORGAN CHASE & CO	127,137	127,137
JPMORGAN UNDISCOVERED	1,057,197	1,057,197
LAUDER ESTEE COS CL A	20,628	20,628
LINDE PLC EUR	64,694	64,694
LOWES COMPANIES INC	22,008	22,008
MARSH & MCLENNAN COS INC	46,109	46,109
MCDONALD'S CORP	70,113	70,113
MEDTRONIC PLC	46,759	46,759
META PLATFORMS INC CL A	112,875	112,875
MICROSOFT CORP	995,216	995,216
MORGAN STANLEY	39,093	39,093
NEXTERA ENERGY INC COM	48,180	48,180
NIKE INC CL B	23,199	23,199
O REILLY AUTOMOTIVE INC	23,375	23,375
PALO ALTO NETWORKS INC	13,336	13,336
PARKER HANNIFIN CORP	20,422	20,422
PHILLIPS 66	43,537	43,537
PIMCO ACCESS INCOME FUND	791,500	791,500
PIMCO DYNAMIC INC OPPOR FUND	28,670	28,670
PIMCO MORTGAGE OPPORTUNITIES AND BOND	704,312	704,312
PROCTER & GAMBLE CO	58,091	58,091
RAYTHEON TECHNOLOGIES CORP	73,236	73,236
REPUBLIC SERVICES INC	36,905	36,905
ROCKWELL AUTOMATION INC NEW	10,763	10,763
S&P GLOBAL INC	23,257	23,257
SALESFORCE.COM INC	35,484	35,484
SHERWIN WILLIAMS CO	22,167	22,167
SPDR S&P 500 ETF TR	5,246,039	5,246,039
STARBUCKS CORP	47,285	47,285
TECHNOLOGY SELECT SECTOR SPDR	7,234,399	7,234,399
TESLA INC	673,420	673,420
TEXAS INSTRUMENTS	79,437	79,437
THERMO FISHER SCIENTIFIC INC	19,558	19,558
TJX COS INC NEW	27,031	27,031
TRUIST FINL CORP	49,991	49,991
UNION PACIFIC CORP	71,022	71,022
UNITED PARCEL SERVICE INC CL B	57,135	57,135
UNITEDHEALTH GROUP INC	119,162	119,162
VANGUARD FTSE DEVELOPED MKT ETF	1,848,934	1,848,934
VANGUARD FTSE EMERGING MARKETS ETF	732,249	732,249
VANGUARD SHORT-TERM TREAS ETF	1,043,294	1,043,294
VISA INC CL A	61,036	61,036

- TIN:

TY 2021 InvestmentsGovtObligationsSch

Name:

CORIO FOUNDATION

EIN:

81-4737356

US Government Securities - End of Year Book Value:

2,465,299

US Government Securities - End of Year Fair Market Value:

2,465,299

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

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

- TIN:

TY 2021 InvestmentsOtherSchedule2

Name:

CORIO FOUNDATION

EIN:

81-4737356

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
BLACKSTONE PRIVATE CREDIT FUND CLASS S	FMV	979,845	979,845
BLACKSTONE REAL ESTATE INCOME TRUST INCOME	FMV	3,194,325	3,194,325
CARLYLE REALTY PARTNERS VIII ASP FUND	FMV	903,960	903,960
STARWOOD REAL ESTATE INCOME	FMV	1,585,049	1,585,049
STEPSTONE TACTICAL GROWTH II ASP FUND	FMV	2,117,772	2,117,772

- TIN:

TY 2021 OtherAssetsSchedule

Name:

CORIO FOUNDATION

EIN:

81-4737356

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
ACCRUED INTEREST	0	12,387	12,387

- TIN:

TY 2021 OtherExpensesSchedule

Name:

CORIO FOUNDATION

EIN:

81-4737356

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
OTHER EXPENSES	903	0		361
K-1 EXPENSES	0	26,824		0

- TIN:

TY 2021 OtherIncomeSchedule2

Name:

CORIO FOUNDATION

EIN:

81-4737356

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
CLASS ACTION LAWSUIT SETTLEMENT	34		34
FEDERAL TAX REFUND	10,294		10,294

- TIN:

TY 2021 OtherIncreasesSchedule

Name:

CORIO FOUNDATION

EIN:

81-4737356

Description	Amount
UNREALIZED GAINS	2,435,251
ADJUSTMENT TO GRANT PAYABLE TO REMOVE AMOUNT ALREADY PAID	50,000

- TIN:

TY 2021 OtherProfessionalFeesSchedule

Name:

CORIO FOUNDATION

EIN:

81-4737356

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES	147,324	147,324		0

- TIN:

TY 2021 TaxesSchedule

Name:

CORIO FOUNDATION

EIN:

81-4737356

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FEDERAL TAXES	218,102	0		0