Form990-PF
Click to see attachment
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Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 01-01-2021 , and ending 12-31-2021
Name of foundation
Schiavi Family Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)co Spinnaker Trust 123 Free Stree
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Portland, ME04101
A Employer identification number

01-0463183
B Telephone number (see instructions)

(207) 553-7160
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$28,740,417J 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) 2,224,623
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 265,436 265,436  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 2,426,225
b Gross sales price for all assets on line 6a 3,608,904
7 Capital gain net income (from Part IV, line 2)... 2,426,225
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment -974 -974  
12 Total. Add lines 1 through 11........ 4,915,310 2,690,687  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 310 0   310
b Accounting fees (attach schedule)....... Click to see attachment 4,750 2,375   2,375
c Other professional fees (attach schedule).... Click to see attachment 50,639 50,639   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 25,000 0   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
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.......... 80,699 53,014   2,685
25 Contributions, gifts, grants paid....... 486,000 486,000
26 Total expenses and disbursements. Add lines 24 and 25 566,699 53,014   488,685
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 4,348,611
b Net investment income (if negative, enter -0-) 2,637,673
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 947,633 1,287,426 1,287,426
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 7,562,296 Click to see attachment8,632,208 8,632,208
c Investments—corporate bonds (attach schedule)....... 2,679,807 Click to see attachment3,998,187 3,998,187
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 735,662 Click to see attachment1,129,318 1,129,318
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment13,281,745 Click to see attachment13,693,278 Click to see attachment13,693,278
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 25,207,143 28,740,417 28,740,417
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 25,207,143 28,740,417
29 Total net assets or fund balances (see instructions)..... 25,207,143 28,740,417
30 Total liabilities and net assets/fund balances (see instructions). 25,207,143 28,740,417
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
25,207,143
2
Enter amount from Part I, line 27a .....................
2
4,348,611
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
1,044,753
4
Add lines 1, 2, and 3 ..........................
4
30,600,507
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
1,860,090
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
28,740,417
Form 990-PF (2021)
Form 990-PF (2021)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a Publicly Traded Securities P    
b Publicly Traded Securities D    
c Pass-Through Capital Gains from Partnerships P    
d Capital Gains Dividends P    
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 1,174,689   1,063,590 111,099
b 2,432,996   116,832 2,316,164
c     2,257 -2,257
d 1,219     1,219
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       111,099
b       2,316,164
c       -2,257
d       1,219
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 2,426,225
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 36,664
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 36,664
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 43,174
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 30,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 73,174
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 36,510
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet36,510 RefundedBullet 11 0
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletME
    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 ofbulletJeanette Novella Telephone no.bullet (207) 553-7160

    Located atbulletc/o Spinnaker Trust 123 Free StPortlandME ZIP+4bullet04101
    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
    John Schiavi President
    1.00     		0 0 0
    c/o Spinnaker Trust 123 Free Street
    Portland,ME04101
    Jeanette Novella Treasurer
    1.00     		0 0 0
    c/o Spinnaker Trust 123 Free Street
    Portland,ME04101
    Richard Curran Reg. Agent
    1.00     		0 0 0
    c/o Spinnaker Trust 123 Free Street
    Portland,ME04101
    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
    11,986,644
    b
    Average of monthly cash balances.......................
    1b
    1,612,429
    c
    Fair market value of all other assets (see instructions)................
    1c
    275,752
    d
    Total (add lines 1a, b, and c).........................
    1d
    13,874,825
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    13,874,825
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    208,122
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    13,666,703
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    683,335
    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
    683,335
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    36,664
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    36,664
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    646,671
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    646,671
    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
    646,671
    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 7 646,671
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 485,812
    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$ 488,685
    a Applied to 2020, but not more than line 2a 485,812
    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..... 2,873
    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 ..........     		643,798
    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).)
    John Schiavi
    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
    Bald Ridge Lodge
    505 Lakeland Plaza 302
    Cumming,GA30040     		N/A PC General Operating Support 6,000
    Bates College
    2 Andrews Road 216 Lane Hall
    Lewiston,ME04240     		N/A PC General Operating Support 10,000
    Camp Sunshine at Sebago Lake Inc
    35 Acadia Road
    Casco,ME04015     		N/A PC General Operating Support 25,000
    Catholic Foundation of Maine
    PO Box 799
    Portland,ME04104     		N/A PC General Operating Support 6,000
    Cluster 30-Blessed Theresa of Calcutta and St Joseph Church Bridgton
    32 Paris Street
    Norway,ME04260     		N/A PC General Operating Support 11,000
    Compassion International Inc
    12290 Voyager Parkway
    Colorado Springs,CO80921     		N/A PC General Operating Support 1,000
    Ele's Place Inc
    1145 W Oakland Avenue
    Lansing,MI489152000     		N/A PC General Operating Support 2,000
    Ferst Foundation for Childhood Literacy Inc
    PO Box 1327
    Madison,GA30650     		N/A PC General Operating Support 2,000
    Franciscan Foundation for the Holy Land
    PO Box 29086
    Washington,DC200179086     		N/A PC General Operating Support 50,000
    Gould Academy
    PO Box 860
    Bethel,ME04217     		N/A PC General Operating Support 1,000
    Gulf of Maine Research Institute
    350 Commercial Street
    Portland,ME04101     		N/A PC General Operating Support 15,000
    Harrison Food Bank
    PO Box 112
    Harrison,ME04040     		N/A PC General Operating Support 10,000
    Harrison Village Library
    PO Box 597
    Harrison,ME04040     		N/A PC General Operating Support 2,000
    Homeless Period Project
    413 Wilton Street
    Greenville,SC29609     		N/A PC General Operating Support 5,000
    Jen's Friends Cancer Foundation
    PO Box 1842
    North Conway,NH03860     		N/A PC General Operating Support 5,000
    Jesse's House
    PO Box 3318
    Cumming,GA30028     		N/A PC General Operating Support 6,000
    Lakes Environmental Association
    230 Main Street
    Bridgton,ME04009     		N/A PC General Operating Support 5,000
    LearningWorks
    181 Brackett Street
    Portland,ME04102     		N/A PC General Operating Support 2,500
    Maine Adaptive Sports & Recreation
    PO Box 853
    Bethel,ME04217     		N/A PC General Operating Support 5,000
    Maine Children's Home for Little Wanderers
    93 Silver Street
    Waterville,ME04901     		N/A PC General Operating Support 10,000
    Mount Pisgah Christian School
    9820 Nesbit Ferry Road
    Alpharetta,GA30022     		N/A PC General Operating Support 1,500
    Mustard Seed Communities
    29 Janes Avenue
    Medfield,MA02052     		N/A PC General Operating Support 6,000
    National Education for Assistance Dog Services
    PO Box 1100
    Princeton,MA01541     		N/A PC General Operating Support 5,000
    New Beginnings
    134 College Street
    Lewiston,ME04240     		N/A PC General Operating Support 10,000
    Pink Feather Foundation
    PO Box 768
    Oxford,ME04270     		N/A PC General Operating Support 3,000
    Presence Radio Network Inc
    PO Box 10660
    Portland,ME04104     		N/A PC General Operating Support 5,000
    Promise 686 Inc
    19 Holcomb Bridge Road
    Norcross,GA30071     		N/A PC General Operating Support 5,000
    Riding to the Top Therapeutic Riding Center
    14 Lilac Drive
    Windham,ME04062     		N/A PC General Operating Support 5,000
    Rightstart Inc
    PO Box 726
    Norway,ME04268     		N/A PC General Operating Support 4,000
    Roman Catholic Diocese of Portland
    510 Ocean Avenue
    Portland,ME04103     		N/A PC General Operating Support 80,000
    Roman Catholic Diocese of Venice
    1000 Pinebrook Road
    Venice,FL34285     		N/A PC General Operating Support 10,000
    Roman Catholic Dioceses of Manchester
    153 Ash Street
    Manchester,NH03104     		N/A PC General Operating Support 10,000
    Ronald McDonald House - ME
    250 Brackett Street
    Portland,ME04102     		N/A PC General Operating Support 25,000
    Safe Voices
    PO Box 713
    Auburn,ME04212     		N/A PC General Operating Support 1,000
    Special Olympics Maine
    125 John Roberts Road Suite 5
    South Portland,ME04106     		N/A PC General Operating Support 5,000
    St Anselm College
    100 St Anselm Drive 1738
    Manchester,NH03102     		N/A PC General Operating Support 1,000
    St Brigid Catholic Church
    3400 Old Alabama Road
    Johns Creek,GA30022     		N/A PC General Operating Support 2,500
    St Dominic Academy
    121 Gracelawn Road
    Auburn,ME04210     		N/A PC General Operating Support 1,500
    St Mary Hana
    5000 Hana Highway
    Hana,HI96713     		N/A PC General Operating Support 10,000
    St Michael's College
    One Winooski Park
    Colchester,VT05439     		N/A PC General Operating Support 1,000
    St William Catholic Church
    601 Seagate Drive
    Naples,FL34108     		N/A PC General Operating Support 50,000
    Susan L Curtis Foundation
    1321 Washington Avenue Suite 104
    Portland,ME04103     		N/A PC General Operating Support 19,500
    Sweetser
    50 Moody Street
    Saco,ME040720892     		N/A PC General Operating Support 5,000
    The Center For Grieving Children
    555 Forest Avenue
    Portland,ME04101     		N/A PC General Operating Support 3,000
    The Root Cellar
    94 Washington Avenue
    Portland,ME04101     		N/A PC General Operating Support 5,000
    The Summer Camp
    8 Church Street
    Bridgton,ME04009     		N/A PC General Operating Support 2,500
    Trinity Jubilee Center
    247 Bates Street
    Lewiston,ME04240     		N/A PC General Operating Support 5,000
    University of Southern Maine
    PO Box 9300
    Portland,ME04104     		N/A GOV General Operating Support 25,000
    Total .................................bullet 3a 486,000
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments ....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities ....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income .....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 2,426,225  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aNet Partnership Investment Income     		525990 0 18 -974  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 0 2,690,687 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    2,690,687
    (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
    Schedule B
    (Form 990)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2021
    Name of the organization
    Schiavi Family Foundation
     
    Employer identification number

    01-0463183
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990) (2021)
    Schedule B (Form 990) (2021) Page 2
    Name of organization
    Schiavi Family Foundation
          		Employer identification number
    01-0463183
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    John Eleanor Schiavi
    7117 Pelican Bay Blvd
     
    Naples, FL34108

    		$ 2,086,152


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    John H Schiavi 2016 Charitable Lead Annuity Trust
     
    c/o Spinnaker Trust 123 Free Street
     
    Portland, ME04112

    		$ 68,391


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    3
    Eleanor P Schiavi 2019 Charitable Lead Annuity Trust
     
    c/o Spinnaker Trust 123 Free Street
     
    Portland, ME04112

    		$ 70,080


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990) (2021)
    Schedule B (Form 990) (2021)
    Page 3
    Name of organization
    Schiavi Family Foundation
          		Employer identification number

    01-0463183
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 40,509 shares of publicly traded securities $ 2,086,152 2021-04-14
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990) (2021)
    Schedule B (Form 990) (2021)
    Page 4
    Name of organization
    Schiavi Family Foundation
          		Employer identification number

    01-0463183
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990) (2021)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2021 AccountingFeesSchedule
    Name:
    Schiavi Family Foundation
    EIN:
    01-0463183
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Accounting Fees 4,750 2,375   2,375

    TY 2021 GeneralExplanationAttachment
    Name:
    Schiavi Family Foundation
    EIN:
    01-0463183
    Identifier Return Reference Explanation
    Explanation for Amended Return 2021 Form 990-PF The Foundation's 2021 Form 990-PF return has been amended to include a cash contribution to the foundation that was not recognized on the Foundation's 2021 Form 990-PF as originally filed. Additionally, the 2021 Form 990-PF has been amended to recognize the Foundation's beneficial interest in a Charitable Lead Annuity Trust.During the 2021 tax year, the Foundation received a beneficial interest in a Charitable Lead Annuity Trust that was not previously recorded in the Foundation's Other Assets or end-of-year net assets. This amended 2021 Form 990-PF reflects the value of the interest in the CLAT in both the Foundation's beginning of year and end-of-year assets and net assets. Additionally, on September 3, 2021, the Foundation received a cash contribution of $70,080 from this new CLAT. However, this contribution was not included in Part I, line 1(a) or in Schedule B, Part I of the 2021 Form 990-PF as originally filed; instead, the distribution was incorrectly recorded with other unrealized market gains on the Form 990-PF, Part III. On the amended 2021 Form 990-PF, the amended amount of contributions in Part I, line 1(a) is $2,224,623, which is an increase of $70,080 over the original amount of $2,154,543. Also, the newly amended 2021 Form 990-PF increases the amount of Part II, Line 15(a), 15(b) and 15(c), Other Assets to record the Foundation's beneficial interest in the new CLAT at both the beginning and end of the 2021 tax year.Specific changes to the Foundation's latest amended Form 990 for 2020 from its previously amended filing are as follows: - Part I, line 1(a) was increased from $2,154,543 to $2,224,623. - Part I, line 12(a) was increased from $4,845,230 to $4,915,310. - Part I, line 27a(a) was increased from $4,278,531 to $4,348,611. - Part II, Line 15(a) was increased from $4,820,145 to $13,281,745 - Part II, Lines 15(b) and 15(c) was increased from $4,751,754 to $13,693,278 - Part II, Line 30(a) was increased from $16,745,543 to $28,740,417 - Part II, Line 30(b) was increased from $19,798,893 to $28,740,417 - Part III, line 2 was increased from $4,278,531 to $4,348,611. - Part III, Line 3 was increased from $564,829 to $1,044,753 - Part III, line 4 was increased from $21,588,903 to $30,600,507. - Part III, line 5 was increased from $1,790,010 to $1,860,090. - Schedule B, Part I was updated to report the cash distribution of $70,080 from the Eleanor P. Schiavi 2019 Charitable Lead Annuity Trust, c/o Spinnaker Trust, 123 Free Street, Portland, ME 04112.As is illustrated by this list of changes to the amended 2021 Form 990-PF, despite the change in revenue, reported contributions and donors, and the recognition of the new CLAT beneficial interest, there have been no changes required to the Foundation's net investment income, any excise or income taxes, or to the Foundation's required charitable distribution calculation or determination of undistributed income. Accordingly, the Foundation is filing this amended Form 990-PF to better align its own tax filing history with what its donors have reported, and for transparency purposes.

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    Schiavi Family Foundation
    EIN:
    01-0463183
    Name of Bond End of Year Book Value End of Year Fair Market Value
    400000 units Apple Inc Note 3.45% 423,122 423,122
    400000 units Blackrock Inc Note 3.375% 404,853 404,853
    900 units iShares Barclays 10-20 Year Treasury Bond Fund 133,560 133,560
    3170 units iShares 10+ Year Inv Grade Corp Bond ETF 220,473 220,473
    18582 units iShares Core 1-5 Year USD Bond ETF 937,090 937,090
    11351 units iShares Core Total USD Bond Market ETF 600,808 600,808
    400000 units Johnson & Johnson Note 3.375% 419,887 419,887
    8015 units SPDR Blackstone GSO Senior Loan ETF 365,724 365,724
    400000 units Wells Fargo & Co 3% 417,766 417,766
    36 units iShares Barclays 10-20 Yr Treasury Bond Fund 5,342 5,342
    134 units iShares 10+ Year Inv Grade Corp Bond Fund ETF 9,320 9,320
    461 units iShares Core 1-5 Year USD Bond ETF 23,248 23,248
    511 units iShares Core Total USD Bond Market ETF 27,047 27,047
    218 units SPDR Blackstone GSO Senior Loan ETF 9,947 9,947

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    Schiavi Family Foundation
    EIN:
    01-0463183
    Name of Stock End of Year Book Value End of Year Fair Market Value
    12033 units Essential Utilities Inc 646,052 646,052
    545 units Invesco QCQ Trust 216,828 216,828
    774 units Invesco S&P 500 Equal Weight Consumer Dis ETF 121,201 121,201
    13486 units iShares MSCI USA ESG Select ETF 1,432,888 1,432,888
    5561 units SPDR Portfolio S&P 600 Small Cap ETF 248,521 248,521
    2620 units Schwab US Large Cap Value ETF 191,836 191,836
    3754 units Healthcare Select Sector SPDR 528,901 528,901
    1620 units Consumer Staples Select Sector SPDR 124,918 124,918
    2994 units Consumer Discretionary Select Sector SPDR 612,093 612,093
    12702 units Financial Select Sector SPDR 496,013 496,013
    3668 units Industrial Select Sector SPDR 388,111 388,111
    7430 units Technology Select Sector SPDR 1,291,854 1,291,854
    13624 units Capstone Mining Corp 60,218 60,218
    12979 units Goldman Sachs ActiveBeta Emerging Markets 480,353 480,353
    5746 units iShares Global Clean Energy 121,643 121,643
    1791 units iShares MSCI Taiwan ETF 119,299 119,299
    220 units iShares MSCi China A ETF 9,592 9,592
    12967 units iShares ESG MSCI EAFE ETF 1,030,358 1,030,358
    1699 units JPMorgan BetaBuilders Canada ETF 114,173 114,173
    291 units Van Eck Vectors Gold Miners ETF 9,321 9,321
    1172 units Vanguard FTSE All World ex US Small Cap Index 157,001 157,001
    110 units Fidelity MSCI Health Care Index ETF 7,553 7,553
    59 units Fidelity MSCI Industrials Index ETF 3,316 3,316
    61 units Fidelity Materials Index EFT 3,071 3,071
    86 units First Trust Lunt US Factor Rotation ETF 3,056 3,056
    99 units Global X Cloud Computing ETF 2,625 2,625
    120 units Invesco QQQ Trust 47,742 47,742
    10 units Invesco S&P SmallCap Health Care ETF 1,797 1,797
    42 units Invesco S&P 500 Low Volatility ETF 2,882 2,882
    65 units Invesco Russell 1000 Dynamic Multifactor ETF 3,295 3,295
    42 units iShares Core S&P Mid Cap ETF 11,889 11,889
    596 units iShares MSCI USA ESG Select ETF 63,325 63,325
    43 units JP Morgan BetaBuilders Canada ETF 2,890 2,890
    378 units SPDR Portfolio S&P 600 Small Cap ETF 16,893 16,893
    368 units Goldman Sachs ActiveBeta Emerging Markets 13,620 13,620
    99 units iShares Global Clean Energy 2,096 2,096
    53 units iShares MSCI Taiwan ETF 3,530 3,530
    101 units iShares MSCI China A ETF 4,404 4,404
    362 units iShares ESG MSCI EAFE ETF 28,765 28,765
    129 units VanEck Vectors Gold Miners ETF 4,132 4,132
    31 units Vanguard FTSE All-World ex US Small Cap Index 4,153 4,153

    TY 2021 InvestmentsOtherSchedule2
    Name:
    Schiavi Family Foundation
    EIN:
    01-0463183
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    8634 units Aberdeen Standard Bloomberg All Commodity FMV 198,496 198,496
    14203 units First Trust Preferred Securities & Income ETF FMV 288,605 288,605
    6732 units iShares Gold Trust FMV 234,341 234,341
    2000 units KraneShares Global Carbon ETF FMV 101,800 101,800
    307 units Aberdeen Standard Bloomberg All Commodity FMV 7,058 7,058
    460 units First Trust Preferred Securities & Income ETF FMV 9,347 9,347
    239 units iShares Gold Trust FMV 8,320 8,320
    110 units KraneShares Global Carbon ETF FMV 5,599 5,599
    Spinnaker Diversified Managers Fund, LLC FMV 275,752 275,752

    TY 2021 LegalFeesSchedule
    Name:
    Schiavi Family Foundation
    EIN:
    01-0463183
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Legal Fees 310 0   310


    TY 2021 OtherAssetsSchedule
    Name:
    Schiavi Family Foundation
    EIN:
    01-0463183
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    Present Interest in Charitable Lead Trusts 13,281,745 13,693,278 13,693,278


    TY 2021 OtherDecreasesSchedule
    Name:
    Schiavi Family Foundation
    EIN:
    01-0463183
    Description Amount
    Remainder Interest in CLATs - Distributions 138,471
    Unrealized Loss on Donated Securities 1,721,619


    TY 2021 OtherIncomeSchedule2
    Name:
    Schiavi Family Foundation
    EIN:
    01-0463183
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Net Partnership Investment Income -974 -974 -974


    TY 2021 OtherIncreasesSchedule
    Name:
    Schiavi Family Foundation
    EIN:
    01-0463183
    Description Amount
    Unrealized Gain on Investment Holdings 564,829
    Remainder Interest in CLATs - Market Adjustments 479,924


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    Schiavi Family Foundation
    EIN:
    01-0463183
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Fees 50,639 50,639   0


    TY 2021 TaxesSchedule
    Name:
    Schiavi Family Foundation
    EIN:
    01-0463183
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Excise/Unrelated Business Income Tax 25,000 0   0