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 04-01-2021 , and ending 03-31-2022

Name of foundation
THE DALESSANDRO FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)HEMENWAY BARNES PO BOX 961209
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
BOSTON, MA021961209

A Employer identification number

27-0210702

B Telephone number (see instructions)

(617) 227-7940

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

$10,876,209J 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...	294,352		278,038
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		301,597
b	Gross sales price for all assets on line 6a 2,730,562
7	Capital gain net income (from Part IV, line 2)...			326,761
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).......		8,550	902
12	Total. Add lines 1 through 11........	604,499		605,701
13	Compensation of officers, directors, trustees, etc.	25,307		18,980	6,327
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........		8,572	6,429	2,143
b	Accounting fees (attach schedule).......		16,070	12,053	4,017
c	Other professional fees (attach schedule)....		83,858	83,858	0
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		7,908	261	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		1,094	344	750
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	142,809		121,925	13,237
25	Contributions, gifts, grants paid.......	482,500			482,500
26	Total expenses and disbursements. Add lines 24 and 25	625,309		121,925	495,737
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-20,810
b	Net investment income (if negative, enter -0-)			483,776
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	Savings and temporary cash investments.........	423,784	468,864	468,864
	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)
	b	Investments—corporate stock (attach schedule).......	1,500,335	1,282,714	2,015,083
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	6,509,463	6,652,376	8,392,262
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	8,433,582	8,403,954	10,876,209
	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 )
	23	Total liabilities (add lines 17 through 22).........	0	0
		Foundations that follow FASB ASC 958, check here
		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
		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	8,433,582	8,403,954
	29	Total net assets or fund balances (see instructions).....	8,433,582	8,403,954
	30	Total liabilities and net assets/fund balances (see instructions).	8,433,582	8,403,954

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

8,433,582

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

-20,810

Other increases not included in line 2 (itemize) bullet

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

8,412,772

Decreases not included in line 2 (itemize) bullet

8,818

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

8,403,954

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 - BARHEMCO
b	PUBLICLY TRADED SECURITIES - BARHEMCO
c	PUBLICLY TRADED SECURITIES - BARHEMCO
d	PUBLICLY TRADED SECURITIES - THE BOOKER GROUP
e	PUBLICLY TRADED SECURITIES - THE BOOKER GROUP
	PUBLICLY TRADED SECURITIES - THE BOOKER GROUP
	PUBLICLY TRADED SECURITIES - THE BOOKER GROUP
	PUBLICLY TRADED SECURITIES - HILTON CAPITAL MGMT
	PUBLICLY TRADED SECURITIES - HILTON CAPITAL MGMT
	PUBLICLY TRADED SECURITIES - HILTON CAPITAL MGMT
	PUBLICLY TRADED SECURITIES - HILTON CAPITAL MGMT
	CAPITAL GAINS - PASS-THRU FROM PARTNERSHIPS	P
	CAPITAL GAINS - PASS-THRU FROM PARTNERSHIPS	P
	SECT 1231 GAINS - PASS-THRU FROM PARTNERSHIPS	P
	CAPITAL GAINS DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	38,515	39,961	-1,446
b	189,172	105,547	83,625
c	23,508	28,145	-4,637
d	12,262	12,678	-416
e	50,921	18,259	32,662
	418,696	462,938	-44,242
	21,644	14,430	7,214
	643,518	509,230	134,288
	737,466	775,415	-37,949
	358,441	282,750	75,691
	156,614	162,389	-5,775
			261
			7,663
			17
	79,805		79,805

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			-1,446
b			83,625
c			-4,637
d			-416
e			32,662
			-44,242
			7,214
			134,288
			-37,949
			75,691
			-5,775
			261
			7,663
			17
			79,805

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	326,761
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	6,724
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4	0
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	6,724
6	Credits/Payments:

a	2021 estimated tax payments and 2020 overpayment credited to 2021	6a	7,647
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	8,000
d	Backup withholding erroneously withheld ...........	6d	0

7	Total credits and payments. Add lines 6a through 6d..............		7	15,647
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	8,923
11	Enter the amount of line 10 to be: Credited to 2022 estimated tax8,923	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

HEMENWAY BARNES LLP Telephone no. bullet

(617) 227-7940

Located at bullet

75 STATE STREET 16TH FLOORBOSTONMA ZIP+4 bullet

021091466

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)

Yes

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)? ......................

1a(5)

(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-)
ARTHUR B PAGE	TRUSTEE 1.30	2,920
HEMENWAY BARNES LLP 75 STATE STREET 16TH FLR BOSTON,MA021091466	TRUSTEE 1.30	2,920
TIMOTHY C WITHERS	TRUSTEE 1.30	9,734
200 CANAL STREET MARSHFIELD,MA02050	TRUSTEE 1.30	9,734
DENISE O'HEARN	TRUSTEE 1.30	9,733
108 LAKESHORE DRIVE APT 1838 NORTH PALM BEACH,FL33408	TRUSTEE 1.30	9,733
JOAN G FLYNN	TRUSTEE 1.30	2,920
HEMENWAY BARNES LLP 75 STATE STREET 16TH FLR BOSTON,MA021091466	TRUSTEE 1.30	2,920

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
NONE

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

11,177,707

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

437,778

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

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

11,615,485

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

11,615,485

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

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

174,232

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

11,441,253

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

572,063

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

572,063

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

6,724

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

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

6,724

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

565,339

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

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

565,339

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

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

565,339

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				565,339
2 Undistributed income, if any, as of the end of 2021:
a Enter amount for 2020 only.......			471,430
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: $ 495,737
a Applied to 2020, but not more than line 2a			471,430
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.....				24,307
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 ..........				541,032
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).)

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
AMERICA'S VET DOGS - K9 CORPS INC 371 EAST JERICHO TURNPIKE SMITHTOWN,NY117872796	N/A	PUBLIC CHARITY	GENERAL PURPOSE	20,000
ANIMAL RESCUE FUND OF THE HAMPTONS INC PO BOX 2616 EAST HAMPTON,NY11937	N/A	PUBLIC CHARITY	GENERAL PURPOSE	20,000
BASILICA CHURCH OF THE SACRED HEARTS 168 HILL STREET SOUTHAMPTON,NY11968	N/A	PUBLIC CHARITY	GENERAL PURPOSE	90,000
EAST END HOSPICE INC 481 WESTHAMPTON-RIVERHEAD ROAD WESTHAMPTON BEACH,NY11978	N/A	PUBLIC CHARITY	GENERAL PURPOSE	20,000
GEORGIAN COURT UNIVERSITY 900 LAKEWOOD AVENUE LAKEWOOD TOWNSHIP,NJ08701	N/A	PUBLIC CHARITY	GENERAL PURPOSE	75,000
HEART OF THE HAMPTONS DBA HUMAN RESOURCES OF THE HAMPTONS 168 HILL STREET SOUTHAMPTON,NY11968	N/A	PUBLIC CHARITY	GENERAL PURPOSE	30,000
OUR LADY OF THE HAMPTONS SCHOOL 160 NORTH MAIN STREET SOUTHAMPTON,NY11968	N/A	PUBLIC CHARITY	GENERAL PURPOSE	100,000
SOUTHAMPTON ANIMAL SHELTER FOUNDATION INC 102 OLD RIVERHEAD ROAD HAMPTON BAYS,NY11946	N/A	PUBLIC CHARITY	GENERAL PURPOSE	7,500
SOUTHAMPTON FRESH AIR HOME FOR CRIPPLED CHILDREN 36 BARKERS ISLAND ROAD SOUTHAMPTON,NY11968	N/A	PUBLIC CHARITY	GENERAL PURPOSE	50,000
THE CHILDREN'S SCHOOL 118 SCOFIELDTOWN ROAD STAMFORD,CT06903	N/A	PUBLIC CHARITY	GENERAL PURPOSE	20,000
VILLANOVA UNIVERSITY 800 E LANCASTER AVENUE VILLANOVA,PA19085	N/A	PUBLIC CHARITY	GENERAL PURPOSE	50,000
Total ................................. 3a				482,500

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	301,597
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..		0		604,499	0

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

604,499

(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:

THE DALESSANDRO FOUNDATION

EIN:

27-0210702

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
HEMENWAY & BARNES LLP - TAX & ACCOUNTING FEE	16,070	12,053		4,017

- TIN:

TY 2021 InvestmentsCorpStockSchedule

Name:

THE DALESSANDRO FOUNDATION

EIN:

27-0210702

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ABBOTT LABS	13,985	43,201
ACCENTURE PLC	14,681	28,665
ADVANCE AUTO PARTS	21,076	24,007
ADVANCED MICRO DEVICES INC	8,645	37,613
AGNC INVESTMENT CORP 6.125% CUM RED PFD STK	8,093	8,282
ALEXANDRIA REAL ESTATE EQUITIES	18,561	20,125
ALPHABET INC CL A	12,306	47,283
AMAZON.COM INC	7,452	32,600
AMERICAN TOWER CORP	20,476	22,610
ANALOG DEVICES INC	17,588	45,425
APPLE INC (HEMENWAY & BARNES LLP)	6,969	52,383
APPLE INC (HILTON CAPITAL MGMT LLC)	14,930	42,779
APTARGROUP INC	20,249	32,312
ARBOR REALTY TRUST INC SER E CUM RED PFD SHS	9,630	8,790
ARES CAPITAL CORP	17,942	18,646
ARES MANAGEMENT CORP CL A	6,497	10,154
ASTRAZENECA ADR SPONSORED	13,889	15,192
ATLANTIC UNION BANKSHARES CORP 6.875% DEP SH RP 1/400	7,590	7,849
AUTOMATIC DATA PROCESSING	16,982	39,820
AVALONBAY COMMUNITIES INC	31,537	36,014
B RILEY FINANCIAL INC 6.5% SR NOTES DUE 9/30	5,760	5,589
BAXTER INTERNATIONAL INC	14,288	12,949
BECTON DICKINSON & CO	17,984	19,950
BLACKSTONE INC	5,678	10,155
BOOZ ALLEN HAMILTON HLDG CORP CL A	11,901	21,872
CANADIAN NATONAL RAILWAY CO	17,600	40,242
CHEVRON CORP	27,338	36,637
CHURCH & DWIGHT CO INC	20,092	44,721
CISCO SYSTEMS INC	25,609	27,099
COLGATE-PALMOLIVE CO	18,016	16,303
CROWN CASTLE INTL CORP	16,119	24,552
CVS HEALTH CORP	25,400	25,910
DANAHER CORP	10,596	44,000
DIGITALBRIDGE GROUP INC 7.15% CUM PERP PFD STK	9,425	9,085
DISNEY WALT CO	26,755	30,861
DOLLAR GENERAL CORP	17,071	22,263
ECOLAB INC	11,806	10,594
EDWARDS LIFESCIENCES CORP	22,437	22,367
EOG RESOURCES INC	28,323	38,750
FISERV INC	17,507	30,420
FORTIVE CORP	6,431	9,139
FOUR CORNERS PPTY TR INC	18,418	17,170
FS KKR CAPITAL CORP	17,122	17,800
GLADSTONE INVEST CORP 5% NOTES DUE 1/5/26	2,931	2,859
HOME DEPOT INC	12,804	29,933
HONEYWELL INTERNATIONAL INC	17,760	19,458
ILLUMINA INC	9,344	22,711
JOHNSON & JOHNSON	22,236	35,446
JP MORGAN CHASE & CO	19,990	17,040
KONINKLIJKE DSM NV	26,545	24,656
MASTERCARD INC CL A	11,110	42,886
MCDONALD'S CORP	17,726	16,815
MEDTRONIC PLC	7,766	8,321
MICROSOFT CORP (HEMENWAY & BARNES LLP)	8,712	46,247
MICROSOFT CORP (HILTON CAPITAL MGMT LLC)	20,549	36,689
NESTLE SA SPONSORED ADR	27,035	45,535
NEXTERA ENERGY INC	7,927	15,841
NIKE INC CL B	23,552	26,912
NOVARTIS AG ADR	16,657	21,937
ORSTED A/S	6,905	12,602
PAYPAL HOLDINGS INC	11,795	14,456
PEPSICO INC	34,910	41,845
PEPSICO INC	16,560	16,738
PINNACLE FINANCIAL PARTNERS DEP SHS REP 1/40 INT	4,249	4,329
PROCTER & GAMBLE CO	9,451	9,015
PROCTER & GAMBLE CO	27,332	30,560
RAYTHEON TECHNOLOGIES CORP	23,309	39,628
READY CAPITAL CORP 5.75% SR NTS DUE 2/15/26	2,659	2,645
REPUBLIC SERVICES INC	8,466	27,825
ROCKWELL AUTOMATION INC	15,855	42,004
STARWOOD PROPERTY TRUST INC	15,166	18,974
TEXAS INSTRUMENTS INC	17,825	19,265
THOMSON-REUTERS CORP	8,936	19,375
TJX COS INC	26,297	27,261
UNITEDHEALTH GROUP INC (HEMENWAY & BARNES LLP)	21,129	43,347
UNITEDHEALTH GROUP INC (HILTON CAPITAL MGMT LLC)	17,353	17,849
WALMART INC (HEMENWAY & BARNES LLP)	29,565	29,784
WALMART INC (HILTON CAPITAL MGMT LLC)	29,780	36,039
WINTRUST FINANCIAL CORP 6.875% DEP SHS REP 1/1000	7,786	8,369
XYLEM INC	13,988	27,709

- TIN:

TY 2021 InvestmentsOtherSchedule2

Name:

THE DALESSANDRO FOUNDATION

EIN:

27-0210702

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
BLACKROCK CAPITAL ALLOCATION FUND	FMV	40,000	33,120
BLACKROCK HEALTH SCIENCES TR II	FMV	60,000	60,180
BLACKROCK INNOVATION & GROWTH TRUST	FMV	40,000	22,780
BLACKROCK MULTI-SECTOR OPPORTUNITIES TRUST II	FMV	150,000	121,290
BLACKROCK STRATEGIC INCOME OPPORTUNITIES	FMV	306,215	302,976
BLACKSTONE REAL ESTATE INCOME TRUST INC CL S	FMV	353,500	480,195
CATALYST/MILLBURN HEDGE STRATEGY FUND CL I	FMV	150,000	161,151
COHEN & STEERS REAL ESTATE SECURITIES FUND CL I	FMV	63,219	86,249
DELAWARE EMERGING MKTS FUNDS	FMV	122,848	179,122
FEDERATED HERMES FLOATING RATE STRATEGIC INCOME FUND	FMV	143,000	136,429
INVESCO EXCHANGE TRADED FUND TSR LN ETF	FMV	55,670	54,273
ISHARES INTL SELECT DIVID ETF	FMV	78,769	79,400
ISHARES MSCI EAFE ETF	FMV	218,494	298,890
ISHARES MSCI EAFE GROWTH ETF	FMV	157,530	192,540
ISHARES MSCI INTL MULTIFACTOR ETF	FMV	80,557	83,010
ISHARES MSCI USA MOMENTUM FACTOR ETF	FMV	110,029	176,684
ISHARES MSCI USA QUALITY FACTOR ETF	FMV	327,415	504,862
ISHARES PFD & INCOME SECURITIES ETF	FMV	77,447	72,840
ISHARES RUSSELL 1000 GROWTH ETF	FMV	288,327	661,315
ISHARES RUSSELL 1000 VALUE ETF	FMV	240,128	442,503
ISHARES RUSSELL 2000 GROWTH ETF	FMV	205,891	477,997
ISHARES RUSSELL 2000 VALUE ETF	FMV	238,715	483,070
ISHARES TRUST 1-3 YEAR TREAS BD ETF	FMV	96,612	94,769
ISHARES TRUST 1-5 YEAR INVT GRADE CORP BD	FMV	57,465	54,409
ISHARES TRUST 3-7 YEAR TREAS BD ETF	FMV	166,719	161,106
ISHARES TRUST BARCLAYS 7 10 YR ETF	FMV	32,191	30,306
ISHARES TRUST PFD & INCOME SEC ETF	FMV	18,352	18,902
JP MORGAN CORE PLUS FUND CL I	FMV	263,659	250,352
PRINCIPAL DIVERSIFIED INCOME FUND CL I	FMV	425,485	408,660
RIVERNORTH/DOUBLELINE STRATEGIC INCOME FUND I	FMV	281,491	261,381
SCHWAB STRATEGIC TR INTRM TRM TREAS ETF	FMV	54,073	53,463
SELECT SECTOR SPDR TRUST ENERGY ETF	FMV	18,001	18,040
SELECT SECTOR SPDR TRUST SBI INT-UTILS ETF	FMV	49,735	53,686
T. ROWE PRICE GLOBAL TECH FUND	FMV	221,590	228,326
VANGUARD DIVID APPRECIATION ETF	FMV	101,290	162,160
VANGUARD FTSE EMERGING MARKETS ETF	FMV	218,293	231,573
VANGUARD MID-CAP ETF	FMV	166,556	299,678
VANGUARD SHORT TERM CORP BD ETF	FMV	184,669	177,811
VANGUARD SHORT TERM TREAS ETF	FMV	161,495	160,832
VANGUARD SHORT-TERM INFLATION PROT SEC INDEX FUND	FMV	101,863	99,859
VIRTUS CEREDEX SMALL-CAP VALUE EQUITY FUND CL I	FMV	436,383	367,151
WISDOMTREE US LARGECAP DIVID FUND ETF	FMV	88,700	148,922

- TIN:

TY 2021 LegalFeesSchedule

Name:

THE DALESSANDRO FOUNDATION

EIN:

27-0210702

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
HEMENWAY & BARNES LLP	8,572	6,429		2,143

- TIN:

TY 2021 OtherDecreasesSchedule

Name:

THE DALESSANDRO FOUNDATION

EIN:

27-0210702

Description	Amount
BOOK/TAX ADJUSTMENT	8,818

- TIN:

TY 2021 OtherExpensesSchedule

Name:

THE DALESSANDRO FOUNDATION

EIN:

27-0210702

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
OTHER DEDUCTIONS - PASS-THRU FROM PARTNERSHIPS	227	227	0
INVEST INTEREST EXPENSE - PASS-THRU FROM PARTNERSHIPS	3	3	0
NYS DEPARTMENT OF LAW - FILING FEES (FORM CHAR500 F/Y/E 3/31/21)	750	0	750
ADR FEES	89	89	0
ADMINISTRATION FEE	25	25	0

- TIN:

TY 2021 OtherIncomeSchedule2

Name:

THE DALESSANDRO FOUNDATION

EIN:

27-0210702

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
ROYALTY INCOME - PASS-THRU FROM PARTNERSHIPS	1	1	1
FEDERAL EXCISE TAX OVERPAYMENT F/Y/E 3/31/21	7,647	0	7,647
ORDINARY PASSIVE BUSINESS INCOME - PASS-THRU FROM PARTNERSHIPS	37	37	37
OTHER INCOME - PASS-THRU FROM PARTNERSHIPS	864	864	864
OTHER TAX EXEMPT INCOME - PASS-THRU FROM PARTNERSHIPS	1	0	1

- TIN:

TY 2021 OtherProfessionalFeesSchedule

Name:

THE DALESSANDRO FOUNDATION

EIN:

27-0210702

Category	Amount	Net Investment Income
THE BOOKER GROUP - INVESTMENT MANAGEMENT FEES	61,181	61,181
HILTON CAPITAL MGMT LLC - INVESTMENT MANAGEMENT FEES	18,784	18,784
HEMENWAY & BARNES LLP - INVESTMENT MANAGEMENT FEES	3,893	3,893

- TIN:

TY 2021 TaxesSchedule

Name:

THE DALESSANDRO FOUNDATION

EIN:

27-0210702

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FOREIGN TAXES WITHHELD	261	261		0
FEDERAL EXCISE TAX OVERPAYMENT APPLIED TO F/Y/E 3/31/22	7,647	0		0