Form990-PF


Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 01-01-2021 , and ending 12-31-2021
Name of foundation
REGENT PHILANTHROPIC FOUNDATION INC
C/O ACADIA FAMILY OFFICE
Number and street (or P.O. box number if mail is not delivered to street address)EP 1 11350 MCCORMICK RD 702
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
HUNT VALLEY, MD21031
A Employer identification number

84-3343778
B Telephone number (see instructions)

(410) 595-2266
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$5,466,613J Accounting method:
Modified Cash
(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) 0
2 Check bullet.............
3 Interest on savings and temporary cash investments 1,380 1,380  
4 Dividends and interest from securities... 337,192 337,192  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 227,879
b Gross sales price for all assets on line 6a 17,206,607
7 Capital gain net income (from Part IV, line 2)... 216,023
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 39,555 9,905 0
12 Total. Add lines 1 through 11........ 606,006 564,500 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0 0 0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 37,861 0 0 37,861
b Accounting fees (attach schedule)....... Click to see attachment 43,000 21,500 0 21,500
c Other professional fees (attach schedule).... Click to see attachment 11,462 0 0 11,462
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 115,000 0 0 0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 9,484 9,484 0 0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 216,807 30,984 0 70,823
25 Contributions, gifts, grants paid....... 14,233,500 14,233,500
26 Total expenses and disbursements. Add lines 24 and 25 14,450,307 30,984 0 14,304,323
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -13,844,301
b Net investment income (if negative, enter -0-) 533,516
c Adjusted net income (if negative, enter -0-)... 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............. 19,224,070 1,992,253 1,992,253
2 Savings and temporary cash investments.........      
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)....... 86,844 Click to see attachment3,474,360 3,474,360
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 19,310,914 5,466,613 5,466,613
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 19,310,914 5,466,613
29 Total net assets or fund balances (see instructions)..... 19,310,914 5,466,613
30 Total liabilities and net assets/fund balances (see instructions). 19,310,914 5,466,613
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
19,310,914
2
Enter amount from Part I, line 27a .....................
2
-13,844,301
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
5,466,613
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
5,466,613
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 CAPITAL TRANSACTIONS THROUGH BROKERAGE P 2021-01-01 2021-12-31
b FOREIGN CURRENCY EXCHANGE GAIN/(LOSS) P 2021-01-01 2021-12-31
c CAPITAL GAINS DIVIDENDS P    
d
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 17,188,171   16,876,553 311,618
b       -114,031
c 18,436     18,436
d
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       311,618
b       -114,031
c       18,436
d
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 2 216,023
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 3 197,587
Form 990-PF (2021)
Form 990-PF (2021)
Page 4
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 7,416
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 7,416
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 32,199
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 32,199
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 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 24,783
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet24,783 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)
    bulletMD
    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 ofbulletACADIA FAMILY OFFICE Telephone no.bullet (410) 595-2266

    Located atbulletEP1 11350 MCCORMICK RD STE 702HUNT VALLEYMD ZIP+4bullet21031
    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)
    Yes
     
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
    Yes
     
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)? ......................
    1a(5)
     
    No
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.) ...............
    1a(6)
     
    No
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
    1b
     
    No
    c
    ........bullet
    d
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2021? .............
    1d
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2021.) .....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
    Yes
     
    (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
     
    No
    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
    Yes
     
    If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
    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
    JOSHUA N MORGENSTERN TREASURER, SECRETARY, DIRECTOR
    2.00     		0 0 0
    EP1 11350 MCCORMICK RD STE 702
    HUNT VALLEY,MD21031
    DILIP B PATEL PRESIDENT, DIRECTOR
    1.00     		0 0 0
    600 5TH AVE 14TH FLOOR
    NEW YORK,NY10020
    ALEXEY KONONENKO DIRECTOR
    1.00     		0 0 0
    EP1 11350 MCCORMICK RD STE 702
    HUNT VALLEY,MD21031
    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
    3,760,064
    b
    Average of monthly cash balances.......................
    1b
    8,904,732
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    12,664,796
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    12,664,796
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    189,972
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    12,474,824
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    623,741
    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
    623,741
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    7,416
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    7,416
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    616,325
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    616,325
    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
    616,325
    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 7 616,325
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 0
    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...... 3,096,717
    e From 2020...... 6,181,918
    f Total of lines 3a through e ........ 9,278,635
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 14,304,323
    a Applied to 2020, but not more than line 2a 0
    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..... 616,325
    e Remaining amount distributed out of corpus 13,687,998
    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 22,966,633
    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 ..........     		0
    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 ......     		22,966,633
    10 Analysis of line 9:
    a Excess from 2017....  
    b Excess from 2018....  
    c Excess from 2019.... 3,096,717
    d Excess from 2020.... 6,181,918
    e Excess from 2021.... 13,687,998
    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).)
    ALEXEY KONONENKO
    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
    EUROPEAN FOUNDATION FOR SUPPORT OF CULTURE
    6 C/O THE WESTIN DRAGONARA RESORT
    DRAGONARA ROAD
    ST JULIANS   STJ 3143
    MT     		N/A NC SEE EXPENDITURE RESPONSIBILITY STATEMENT NO. 1, 2, 4, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 20, 21, 22, 23 12,775,012
    MUSIC FOR THE FUTURE CULTURAL FOUNDATION
    3 ABOVYAN ST
    YEREVAN   0002
    AM     		N/A NC SEE EXPENDITURE RSSPONSIBILITY STATEMENT NO. 1, 3, 5, 17, 18, 19 1,458,488
    Total .................................bullet 3a 14,233,500
    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 ...........     		    14 1,380  
    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 ............     		    18 227,879  
    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) .. 0 606,006 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    606,006
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2021 AccountingFeesSchedule
    Name:
    REGENT PHILANTHROPIC FOUNDATION INC
     
    C/O ACADIA FAMILY OFFICE
    EIN:
    84-3343778
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 43,000 21,500 0 21,500

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

    TY 2021 ExpenditureResponsibilityStmt
    Name:
    REGENT PHILANTHROPIC FOUNDATION INC
     
    C/O ACADIA FAMILY OFFICE
    EIN:
    84-3343778
    Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
    EUROPEAN FOUNDATION FOR SUPPORT OF CULTURE
          		6 C/O THE WESTIN DRAGONARA RESORT
    DRAGONARA ROAD
    ST JULIANS   STJ 3143
    MT     		2020-08-12 0 TO SUPPORT THE 2022 MALTA INTERNATIONAL MUSIC FESTIVAL (MIMF). THE CONCERTS WILL TAKE PLACE IN JUNE-JULY AT SOME OF THE BEST VENUES OF MALTA AND GOZO. THE CONCERTS WILL FEATURE SOME OF THE GREATEST SOLOISTS OF THE CLASSICAL MUSIC PANORAMA, WORLD-RENOWNED CONDUCTORS AND ORCHESTRAS. THE MALTA CLASSICAL MUSIC ACADEMY (MCMA) WILL ALSO BE HELD IN THE FRAMEWORK OF THE MIMF. THE MCMA WILL BE A SERIES OF MASTERCLASSES TAKING PLACE AT THE VALLETTA CAMPUS OF THE UNIV. OF MALTA, AND WILL BE TAUGHT BY SOME OF THE MOST IMPORTANT CLASSICAL MUSIC PROFESSORS AND PEDAGOGUES. THE FESTIVAL IS EXPECTED TO EDUCATE THE PUBLIC AND INCREASE THE APPRECIATION OF CLASSICAL MUSIC. NOTE: GRANT OF $1,529,394 WAS INITIALLY SPLIT INTO TWO PAYMENTS AND THEN REFUNDED ENTIRELY - $764,758 ON 8/12/20, $764,637 ON 10/20/20, $1,529,394 REFUNDED ON 1/26/22. 0 N/A N/A   AT THE TIME OF THE FILING OF THE 2020 TAX RETURN, IT WAS INTENDED THAT THE FUNDS WOULD BE USED TO SUPPORT THE 2022 MIMF. HOWEVER, THE FUNDS WERE ULTIMATELY NOT NEEDED AND THE FUNDS WERE RETURNED TO REGENT PHILANTHROPIC FOUNDATION INC.
    MUSIC FOR THE FUTURE CULTURAL FOUNDATION
          		3 ABOVYAN ST
    YEREVAN    
    AM     		2020-10-16 523,423 TO SUPPORT A CONCERT SERIES IN MOSCOW, THE CHINA TOUR OF "RUSQUARTER", AND A SOUTH CZECH PHILHARMONIC TOUR IN KOREA. THE THREE TOURS WILL EDUCATE THE PUBLIC AND INCREASED THE APPRECIATION OF CLASSICAL MUSIC.NOTE: GRANT OF $523,423 WAS SPLIT INTO TWO PAYMENTS - $435,255 ON 10/16/20, $88,168 ON 10/27/20. 523,423 BASED ON REPORTS, THE GRANT WAS USED FOR ITS INTENDED PURPOSES INTERIM REPORT RECEIVED ON 8/31/2021 CONFIRMED AS FINAL 2021-08-31 N/A
    EUROPEAN FOUNDATION FOR SUPPORT OF CULTURE
          		6 C/O THE WESTIN DRAGONARA RESORT
    DRAGONARA ROAD
    ST JULIANS   STJ 3143
    MT     		2021-01-04 130,447 TO SUPPORT THE KOREAN PIANO OPEN COMPETITION WHICH FEATURED PERFORMANCES BY ALMOST 60 TALENTED YOUNG PIANISTS. THIS COMPETITION ALSO ALLOWED THE TOP FIVE RANKED COMPETITORS TO TAKE PART IN THE '14 WAYS TO MALTA' COMPETITION, FOR WHICH THE KOREAN PIANO OPEN IS A PRECEDING ROUND. THIS COMPETITION EDUCATED THE PUBLIC AND INCREASED THE APPRECIATION OF CLASSICAL MUSIC. 126,863 BASED ON REPORTS, THE GRANT WAS USED FOR ITS INTENDED PURPOSES 4/22/2021 2021-04-22 UNUSED FUNDS OF $3,584 WERE APPLIED TO THE WORLD TOUR CONCERT SERIES OF PHILIPP KOPACHEVSKY - USE OF FUNDS REPORTED BELOW (SEE #13).
    MUSIC FOR THE FUTURE CULTURAL FOUNDATION
          		3 ABOVYAN ST
    YEREVAN    
    AM     		2021-02-03 30,587 TO SUPPORT THE DAVID OISTRAKH STRING QUARTET RUSSIAN TOUR. THE PERFORMANCES TOOK PLACE IN VARIOUS HALLS ACROSS RUSSIA, INCLUDING VLADIMIR REGIONAL PHILHARMONIC THEATRE, TVER PHILHARMONIC, RYAZAN REGIONAL PHILHARMONIC HALL, TULA REGIONAL PHILHARMONIC, SMOLENSK PHILHARMONIC HALL, KOSTROMA PHILHARMONIC, AND SARANSK PHILHARMONIC HALL. THE PERFORMANCES EDUCATED THE PUBLIC AND INCREASED THE APPRECIATION OF CLASSICAL MUSIC. 30,587 BASED ON REPORTS, THE GRANT WAS USED FOR ITS INTENDED PURPOSES 11/19/2021 2021-11-19 N/A
    EUROPEAN FOUNDATION FOR SUPPORT OF CULTURE
          		6 C/O THE WESTIN DRAGONARA RESORT
    DRAGONARA ROAD
    ST JULIANS   STJ 3143
    MT     		2021-02-19 691,635 TO SUPPORT THE FESTIVAL OF CLASSICAL MUSIC IN DUBAI. THE SERIES OF CONCERTS WERE HELD AT THE DUBAI OPERA HOUSE. THE PERFORMANCES FEATURED WORLD-ACCLAIMED CLASSICAL MUSIC STARS MAXIM VENGEROV (VIOLIN), EVGENY KISSIN (PIANO), ANDREY BARANOV (VIOLIN), DENIS KOZHUKHIN (PIANO), STELLA CHEN (VIOLIN), REMI GENIET (PIANO), AND JI YOUNG LIM (VIOLIN). THE CONCERTS EDUCATED THE PUBLIC AND INCREASED THE APPRECIATION OF CLASSICAL MUSIC. 688,384 BASED ON REPORTS, THE GRANT WAS USED FOR ITS INTENDED PURPOSES 8/24/2022 2022-08-24 UNUSED FUNDS OF $3,251 WERE APPLIED TO THE PELECIS INTERNATIONAL MUSIC FESTIVAL (2022 GRANT)
    MUSIC FOR THE FUTURE CULTURAL FOUNDATION
          		3 ABOVYAN ST
    YEREVAN    
    AM     		2021-02-22 1,280,070 TO SUPPORT THE RUSSIAN TOUR 2021. THE PROGRAM INCLUDED PERFORMANCES FROM FAMOUS ARTISTS WHO PRESENTED A PROGRAM WITH DIFFERENT COMPOSITIONS AT MORE THAN 100 CONCERTS IN DOZENS OF DIFFERENT RUSSIAN CITIES. LOCAL RUSSIAN ORCHESTRAS ACCOMPANIED THE PERFORMERS UNDER THE BATON OF FAMOUS CONDUCTORS MARIUS STRAVINSKY, MIKHAIL KIRKHOFF AND FELIX KOROBOV. THE CONCERTS EDUCATED THE PUBLIC AND INCREASED THE APPRECIATION OF CLASSICAL MUSIC.NOTE: GRANT OF $1,280,070 WAS SPLIT INTO TWO PAYMENTS - $722,227 ON 2/22/21, $557,843 ON 4/6/21. 1,280,070 BASED ON REPORTS, THE GRANT WAS USED FOR ITS INTENDED PURPOSES 2/16/2022 2022-02-16 N/A
    EUROPEAN FOUNDATION FOR SUPPORT OF CULTURE
          		6 C/O THE WESTIN DRAGONARA RESORT
    DRAGONARA ROAD
    ST JULIANS   STJ 3143
    MT     		2021-04-20 759,271 TO SUPPORT THE MALTA INTERNATIONAL MUSIC FESTIVAL - 2021 HELD FROM APRIL 12 - MAY 12. THE FESTIVAL CONSISTED OF SEVEN CONCERTS THAT WERE RECORDED AT THE MEDITERRANEAN CONFERENCE CENTRE AND THE HILTON, GRAND MASTERS SUITE. CONDUCTED BY ACCLAIMED CONDUCTOR SERGEY SMBATYAN, THE FESTIVAL FEATURED THE MALTA PHILHARMONIC ORCHESTRA AND ACCOMPLISHED SOLOISTS. THE PROGRAM FEATURED COMPOSITIONS BY CHARLES CAMILLERI, EDWARD GRIEG, SERGEI RACHMANINOFF, SERGEI PROKOFIEV, MAURICE RAVEL AND PYOTR TCHAIKOVSKY AS WELL AS THE MUSICAL PIECES BY MODERN COMPOSERS. THE CONCERTS WERE SUBSEQUENTLY BROADCASTED ONLINE BETWEEN MAY 18 - 25. THE CONCERTS AND BROADCASTS EDUCATED THE PUBLIC AND INCREASED THE APPRECIATION OF CLASSICAL MUSIC. 759,271 BASED ON REPORTS, THE GRANT WAS USED FOR ITS INTENDED PURPOSES 8/24/2022 2022-08-24 N/A
    EUROPEAN FOUNDATION FOR SUPPORT OF CULTURE
          		6 C/O THE WESTIN DRAGONARA RESORT
    DRAGONARA ROAD
    ST JULIANS   STJ 3143
    MT     		2021-04-20 460,728 TO SUPPORT THE MOSCOW CLASSICS MUSIC FESTIVAL. THE FESTIVAL CONSISTED OF TEN CONCERTS IN DIFFERENT VENUES ACROSS RUSSIA'S CAPITAL. THE CONCERTS INCLUDED PROMINENT ORCHESTRAS SUCH AS THE RUSSIAN NATIONAL ORCHESTRA (RNO) AND GUEST CONDUCTORS SUCH AS SERGEY SMBATYAN. THESE PROGRAMS ALSO SHOWCASED MUSIC FROM THE CLASSICAL AND MODERN ERAS. THE PERFORMANCES EDUCATED THE PUBLIC AND INCREASED THE APPRECIATION OF CLASSICAL AND MODERN MUSIC. 459,326 BASED ON REPORTS, THE GRANT WAS USED FOR ITS INTENDED PURPOSES 12/22/2021 2021-12-22 UNUSED FUNDS OF $1,402 WERE APPLIED TO THE PELECIS INTERNATIONAL MUSIC FESTIVAL (2022 GRANT)
    EUROPEAN FOUNDATION FOR SUPPORT OF CULTURE
          		6 C/O THE WESTIN DRAGONARA RESORT
    DRAGONARA ROAD
    ST JULIANS   STJ 3143
    MT     		2021-04-20 383,854 TO SUPPORT THE JAPAN GRANDE CLASSICO MUSIC FESTIVAL. THE FESTIVAL INCLUDED FOUR CONCERTS ACROSS FOUR JAPANESE CITIES FEATURING THE ILLUMINART PHILHARMONIC ORCHESTRA. THE PROGRAMS WERE LED BY ARTISTIC DIRECTOR TOMOMI NISHIMOTO AND FEATURED WORKS RANGING FROM COMPOSERS FROM THE CLASSICAL ERA TO THE MODERN DAY. THE PERFORMANCES EDUCATED THE PUBLIC AND INCREASED THE APPRECIATION OF CLASSICAL MUSIC. 383,854 BASED ON REPORTS, THE GRANT WAS USED FOR ITS INTENDED PURPOSES 12/23/2021 2021-12-23 N/A
    EUROPEAN FOUNDATION FOR SUPPORT OF CULTURE
          		6 C/O THE WESTIN DRAGONARA RESORT
    DRAGONARA ROAD
    ST JULIANS   STJ 3143
    MT     		2021-06-11 46,641 TO SUPPORT THE MUSIC SALON CONCERT AT THE DUBAI OPERA ON JUNE 17, 2021. THE CONCERT SHOWCASED THE TALENTS OF RUSSIAN-BORN PIANIST AND PHILANTHROPIST YURI ROZUM AND RUSSIAN SOPRANO SINGER ANNA AGLATOVA. THE PERFORMANCES EDUCATED THE PUBLIC AND INCREASED THE APPRECIATION OF CLASSICAL MUSIC. 45,718 BASED ON REPORTS, THE GRANT WAS USED FOR ITS INTENDED PURPOSES 12/22/2021 2021-12-22 UNUSED FUNDS OF $924 WERE APPLIED TO THE PELECIS INTERNATIONAL MUSIC FESTIVAL (2022 GRANT)
    EUROPEAN FOUNDATION FOR SUPPORT OF CULTURE
          		6 C/O THE WESTIN DRAGONARA RESORT
    DRAGONARA ROAD
    ST JULIANS   STJ 3143
    MT     		2021-06-11 702,314 TO SUPPORT THE ACCORDI MUSICALI IN TOLMEZZO, ITALY. THE FESTIVAL INCLUDED SEVERAL PERFORMANCES AT THE LUIGI CANDONI MUNICIPAL THEATER, FROM THE 17TH OF JULY TO THE 3RD OF AUGUST. PRESTIGIOUS AND WORLD-RENOWNED SOLOISTS PERFORMED AT THE FESTIVAL WITH THE FVG ORCHESTRA. THE CONCERTS PROGRAM INCLUDED THE MOST FAMOUS COMPOSITIONS BY MENDHELSON, BACH, RAVEL, PROKOFIEV, DEBUSSY, MOZART, LISZT, DVO?K AND OTHERS. THE PERFORMANCES EDUCATED THE PUBLIC AND INCREASED THE APPRECIATION OF CLASSICAL MUSIC. 700,821 BASED ON REPORTS, THE GRANT WAS USED FOR ITS INTENDED PURPOSES 12/23/2021 2021-12-23 UNUSED FUNDS OF $1,493 WERE APPLIED TO THE PELECIS INTERNATIONAL MUSIC FESTIVAL (2022 GRANT)
    EUROPEAN FOUNDATION FOR SUPPORT OF CULTURE
          		6 C/O THE WESTIN DRAGONARA RESORT
    DRAGONARA ROAD
    ST JULIANS   STJ 3143
    MT     		2021-06-11 79,195 TO SUPPORT A UNIQUE TELEVISION PROGRAM ENTITLED 'BRILLANTI'. THE TELEVISION PROGRAM SHOWCASED A COMPETITION AMONGST TALENTED MALTESE AND GOZITAN YOUTH WHO HAVE A FLAIR FOR MUSIC, DANCE, OR OTHER CULTURAL PURSUITS. THE TELEVISION PROGRAM EDUCATED THE PUBLIC AND INCREASED THE APPRECIATION OF CLASSICAL AND MODERN MUSIC AND ART. 77,518 BASED ON REPORTS, THE GRANT WAS USED FOR ITS INTENDED PURPOSES 8/24/2022 2022-08-24 UNUSED FUNDS OF $1,678 WERE APPLIED TO THE PELECIS INTERNATIONAL MUSIC FESTIVAL (2022 GRANT)
    EUROPEAN FOUNDATION FOR SUPPORT OF CULTURE
          		6 C/O THE WESTIN DRAGONARA RESORT
    DRAGONARA ROAD
    ST JULIANS   STJ 3143
    MT     		2021-07-01 104,406 TO SUPPORT THE CLASSICAL MUSIC FESTIVAL "SYMPHONY OF WIND" IN THE TOWN OF SVETLOGORSK, RUSSIA. THE FESTIVAL WAS HELD AT THE YANTAR HALL THEATER FROM JULY 2-4, 2021. THIS MUSICAL FESTIVAL PORTRAYED THE TALENTS OF BORIS ANDRIANO (CELLO), BEHZOD ABDURAIMOV (PIANO) AND HAIK KAZAZYAN (VIOLIN). THE PERFORMANCES EDUCATED THE PUBLIC AND INCREASED THE APPRECIATION OF CLASSICAL MUSIC. 104,310 BASED ON REPORTS, THE GRANT WAS USED FOR ITS INTENDED PURPOSES 8/24/2022 2022-08-24 UNUSED FUNDS OF $96 WERE APPLIED TO THE PELECIS INTERNATIONAL MUSIC FESTIVAL (2022 GRANT)
    EUROPEAN FOUNDATION FOR SUPPORT OF CULTURE
          		6 C/O THE WESTIN DRAGONARA RESORT
    DRAGONARA ROAD
    ST JULIANS   STJ 3143
    MT     		2020-09-15 266,617 TO SUPPORT THE WORLD TOUR CONCERT SERIES OF PHILIPP KOPACHEVSKY. PHILIPP KOPACHEVSKY PERFORMED WITH SEVEN WORLD RENOWNED ORCHESTRAS. THE CONCERT SERIES WERE PERFORMED AT A NUMBER OF PRESTIGIOUS VENUES SUCH AS MUSIKVEREIN, VIENNA, AUSTRIA, BERLIN PHILHARMONIC, BERLIN, GERMANY, LISZT HALL, BUDAPEST, HUNGARY, AND SMETANA HALL, PRAGUE, CZECH REPUBLIC. THE TOUR WILL EDUCATE THE PUBLIC AND INCREASE THE APPRECIATION OF CLASSICAL MUSIC. NOTE: GRANT OF $266,617 WAS SPLIT INTO SIX PAYMENTS - $20,485 ON 9/15/20, $796 ON 10/23/20, $803 ON 11/6/20, $2,137 ON 12/24/20, $3,584 ON 1/4/21, $238,812 ON 7/6/21. 241,444 BASED ON REPORTS, THE GRANT WAS USED FOR ITS INTENDED PURPOSES INTERIM REPORT RECEIVED ON 11/11/2022 2022-11-11 APPLIED $20,485, $796, $803, AND $2,137 OF UNUSED FUNDS FROM FOUR 2020 GRANTS PREVIOUSLY REPORTED ON THE 2020 TAX RETURN. ALSO APPLIED $3,584 OF UNUSED FUNDS FROM ONE 2021 GRANT REPORTED ABOVE (SEE #2).
    EUROPEAN FOUNDATION FOR SUPPORT OF CULTURE
          		6 C/O THE WESTIN DRAGONARA RESORT
    DRAGONARA ROAD
    ST JULIANS   STJ 3143
    MT     		2021-07-13 38,872 TO SUPPORT THE LERICI MUSIC FESTIVAL. THE FESTIVAL CONSISTED OF CONCERTS AT THE VILLA MARIGOLA, SHELLEY PARC AND THEATRE IMPAVIDI FROM JULY 16TH TO AUGUST 7TH. THE PROGRAMS INCLUDED PERFORMANCES BY CELLIST GRACE SOHN, PIANIST COSTANZA PRINCIPE, VIOLINIST HLNE ROBLIN, CLARINETIST SERGEY ELETSKIY AND MANY OTHER WORLD-RENOWN MUSICIANS. THE CONCERTS EDUCATED THE PUBLIC AND INCREASED THE APPRECIATION OF CLASSICAL MUSIC. 38,856 BASED ON REPORTS, THE GRANT WAS USED FOR ITS INTENDED PURPOSES 12/22/2021 2021-12-22 UNUSED FUNDS OF $15 WERE APPLIED TO THE PELECIS INTERNATIONAL MUSIC FESTIVAL (2022 GRANT)
    EUROPEAN FOUNDATION FOR SUPPORT OF CULTURE
          		6 C/O THE WESTIN DRAGONARA RESORT
    DRAGONARA ROAD
    ST JULIANS   STJ 3143
    MT     		2021-07-14 32,998 TO SUPPORT THE 4TH EDITION OF THE CHIETI CLASSICA MUSIC FESTIVAL, WHICH CONSISTED OF MASTERCLASSES AND CONCERTS. THE EVENT ALLOWED YOUNG MUSICIANS TO WORK TOGETHER WITH RENOWN MUSICIANS SUCH AS PIANIST GIULIANI MAZZOCANTE AND PIANIST PAVEL GILILOV. THE PROGRAMS AT THE FESTIVAL EDUCATED THE PUBLIC AND INCREASED THE APPRECIATION OF CLASSICAL MUSIC. 32,998 BASED ON REPORTS, THE GRANT WAS USED FOR ITS INTENDED PURPOSES 12/23/2021 2021-12-23 N/A
    EUROPEAN FOUNDATION FOR SUPPORT OF CULTURE
          		6 C/O THE WESTIN DRAGONARA RESORT
    DRAGONARA ROAD
    ST JULIANS   STJ 3143
    MT     		2021-07-14 464,613 TO SUPPORT THE THIRD EDITION OF THE 'CLASSIC STRINGS' VIOLIN AND CELLO INTERNATIONAL COMPETITIONS. THE TWO SEPARATE COMPETITIONS FOR THE RESPECTIVE INSTRUMENTS WERE HELD SIMULTANEOUSLY. THE COMPETITIONS EDUCATED THE PUBLIC AND INCREASE THE APPRECIATION OF CLASSICAL MUSIC. 464,613 BASED ON REPORTS, THE GRANT WAS USED FOR ITS INTENDED PURPOSES INTERIM REPORT RECEIVED ON: 10/29/2022 2022-10-29 N/A
    MUSIC FOR THE FUTURE CULTURAL FOUNDATION
          		3 ABOVYAN ST
    YEREVAN    
    AM     		2021-07-27 15,839 TO SUPPORT THE KAREN SHAHGALDYAN RUSSIAN TOUR 2021. THE TOUR INCLUDED TEN CONCERTS IN RUSSIA SHOWCASING THE TALENTS OF ARMENIAN ARTIST KAREN SHAHGALDYAN. THE CONCERT TOUR EDUCATED THE PUBLIC AND INCREASED THE APPRECIATION OF CLASSICAL MUSIC. 15,839 BASED ON REPORTS, THE GRANT WAS USED FOR ITS INTENDED PURPOSES 2/16/2022 2022-02-16 N/A
    MUSIC FOR THE FUTURE CULTURAL FOUNDATION
          		3 ABOVYAN ST
    YEREVAN    
    AM     		2021-07-27 65,996 TO SUPPORT THE "RUSQUARTET" TOUR IN RUSSIA. THE TOUR SHOWCASED PERFORMANCES BY WELL-KNOWN ARTISTS SUCH AS KSENIA GAMARIS, PETR KARETNIKOV, ANNA YANCHISHINA, KSENIA ZHULEVA, WHO PERFORMED IN WELL-KNOWN CONCERT HALLS OF PENZA, ZARECHNY, SARANSK, SUZDAL, VLADIMIR, MOSCOW, YAROSLAVL, TARUSA, KLIN, DUBNA, SMOLENSK, LIPETSK, TVER, RYAZAN, KURSK, ORYOL, TULA, NIZHNY NOVGOROD, VORONEZH. THE PERFORMANCES EDUCATED THE PUBLIC AND INCREASED THE APPRECIATION OF CLASSICAL MUSIC. 65,996 BASED ON REPORTS, THE GRANT WAS USED FOR ITS INTENDED PURPOSES 2/16/2022 2022-02-16 N/A
    MUSIC FOR THE FUTURE CULTURAL FOUNDATION
          		3 ABOVYAN ST
    YEREVAN    
    AM     		2021-07-27 65,996 TO SUPPORT THE "NOVY RUSSKY" QUARTET TOUR 2021. THE TOUR INCLUDED 20 CONCERTS THAT WERE HELD IN CONCERT HALLS OF CHERNOGOLOVKA, DUBROVITSY, SORTAVALA, PETROZAVODSK, MOSCOW, MUROM, RYBINSK, VOLOGDA, CHEREPOVETS, ARKHANGELSK, PERM, RYAZAN, DUBNA, ASTRAKHAN, YEKATERINBURG, YAROSLAVL AND MER-COMMUNE OF CENTER-VAL-DE- LOIRE, IN THE DEPARTMENT OF LOIRE-ET-CHER IN FRANCE. THE CONCERTS AND PERFORMANCES EDUCATED THE PUBLIC AND INCREASED THE APPRECIATION OF CLASSICAL MUSIC. 65,996 BASED ON REPORTS, THE GRANT WAS USED FOR ITS INTENDED PURPOSES 2/16/2022 2022-02-16 N/A
    EUROPEAN FOUNDATION FOR SUPPORT OF CULTURE
          		6 C/O THE WESTIN DRAGONARA RESORT
    DRAGONARA ROAD
    ST JULIANS   STJ 3143
    MT     		2020-03-02 7,438,930 TO SUPPORT THE INCLASSICA INTERNATIONAL MUSIC FESTIVAL. THIS 43-DAY EVENT PRESENTED 38 WORLD-RENOWN SOLOISTS, 8 LEADING ORCHESTRAS AND 12 CELEBRATED CONDUCTORS, WITH PERFORMANCES TAKING PLACE AT DUBAI'S FAMOUS COCA-COLA ARENA AND DUBAI OPERA. THE FESTIVAL ALSO INCLUDED THE FINALS OF CLASSIC PIANO INTERNATIONAL COMPETITION AND MIDDLE EAST CLASSICAL MUSIC ACADEMY. THE FESTIVAL EDUCATED THE PUBLIC AND INCREASED THE APPRECIATION OF CLASSICAL MUSIC.NOTE- GRANT OF $7,438,930 WAS SPLIT INTO SEVEN PAYMENTS - $12,318 ON 3/2/20, $58,791 ON 2/19/20, $227 ON 11/6/20, $2,298,259 ON 8/3/21, $2,352,000 ON 8/9/21, $2,261,527 ON 9/2/21, $455,808 ON 11/26/21. 7,361,187 BASED ON REPORTS, THE GRANT WAS USED FOR ITS INTENDED PURPOSES 10/12/2022 2022-10-12 APPLIED $12,318, $58,791, AND $227 OF UNUSED FUNDS FROM THREE 2020 GRANTS PREVIOUSLY REPORTED ON THE 2020 TAX RETURN.
    EUROPEAN FOUNDATION FOR SUPPORT OF CULTURE
          		6 C/O THE WESTIN DRAGONARA RESORT
    DRAGONARA ROAD
    ST JULIANS   STJ 3143
    MT     		2021-10-01 990,783 TO SUPPORT THE INTERNATIONAL FESTIVAL OF CLASSICAL MUSIC "ARMENIA - 2021". THE FESTIVAL INCLUDED 12 SYMPHONIC CONCERTS, 5 CHAMBER CONCERTS WITH THE ARMENIAN STATE SYMPHONY ORCHESTRA, 11 INTERNATIONALLY ACCLAIMED CONDUCTORS, AND 17 RENOWNED SOLOISTS. THE CONCERTS EDUCATED THE PUBLIC AND INCREASED THE APPRECIATION OF CLASSICAL MUSIC. 987,031 BASED ON REPORTS, THE GRANT WAS USED FOR ITS INTENDED PURPOSES 12/23/2021 2021-12-23 UNUSED FUNDS OF $3,752 WERE APPLIED TO THE PELECIS INTERNATIONAL MUSIC FESTIVAL (2022 GRANT)
    EUROPEAN FOUNDATION FOR SUPPORT OF CULTURE
          		6 C/O THE WESTIN DRAGONARA RESORT
    DRAGONARA ROAD
    ST JULIANS   STJ 3143
    MT     		2021-10-22 7,293 TO SUPPORT THE WORLD-CLASS SERIES OF CONCERTS IN RUSSIA 2022. THERE WILL BE 65 CONCERTS TAKING PLACE IN 2022 ACROSS RUSSIA, WITH WORLD-RENOWN SOLOISTS, ORCHESTRAS AND CONDUCTORS. SOME DISTINGUISHED ARTISTS THAT WILL BE PARTICIPATING IN THE EVENT INCLUDE FLAUTIST MAXIM RUBTSOV, CLARINETISTS SERGEY ELETSKIY AND NIKITA VAGANOV, CELLIST BORIS ANDRIANOV, VIOLINISTS GRAF MOURJA, HAIK KAZAZYAN AND SERGEI DOGADIN AND PIANISTS PHILIPP KOPACHEVSKY AND ANDREY GUGNIN. THE CONCERTS WILL EDUCATE THE PUBLIC AND INCREASE THE APPRECIATION OF CLASSICAL MUSIC. 7,293 BASED ON REPORTS, THE GRANT WAS USED FOR ITS INTENDED PURPOSES INTERIM REPORT RECEIVED ON 11/11/2022 2022-11-11 N/A
    EUROPEAN FOUNDATION FOR SUPPORT OF CULTURE
          		6 C/O THE WESTIN DRAGONARA RESORT
    DRAGONARA ROAD
    ST JULIANS   STJ 3143
    MT     		2021-11-04 275,557 TO SUPPORT THE TOUR OF NATIONAL SYMPHONY ORCHESTRA OF UZBEKISTAN IN DUBAI. THE TOUR HAD FOUR CONCERTS HELD IN TWO OF DUBAI'S MOST EXCLUSIVE VENUES, NAMELY THE DUBAI OPERA AND THE THEATRE AT THE MALL OF THE EMIRATES. THOSE CONCERTS FEATURED SOME OF THE MOST ACCLAIMED SOLOISTS OF OUR TIME, INCLUDING VIOLINIST SERGEI KRYLOV, PIANIST BEHZOD ABDURAIMOV, CELLIST ANDREI IONITA, TENOR RAMIZ USMANOV AND SOPRANO ANDRIANA YORDANOVA. THE CONCERTS EDUCATED THE PUBLIC AND INCREASED THE APPRECIATION OF CLASSICAL MUSIC. 274,576 BASED ON REPORTS, THE GRANT WAS USED FOR ITS INTENDED PURPOSES 8/24/2022 2022-08-24 UNUSED FUNDS OF $980 WERE APPLIED TO THE PELECIS INTERNATIONAL MUSIC FESTIVAL (2022 GRANT)

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    REGENT PHILANTHROPIC FOUNDATION INC
     
    C/O ACADIA FAMILY OFFICE
    EIN:
    84-3343778
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ARES CAPITAL CORP 1,865,186 1,865,186
    GOLUB CAPITAL 747,744 747,744
    SIXTH STREET SPECIALTY 861,430 861,430

    TY 2021 LegalFeesSchedule
    Name:
    REGENT PHILANTHROPIC FOUNDATION INC
     
    C/O ACADIA FAMILY OFFICE
    EIN:
    84-3343778
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 37,861 0 0 37,861


    TY 2021 OtherExpensesSchedule
    Name:
    REGENT PHILANTHROPIC FOUNDATION INC
     
    C/O ACADIA FAMILY OFFICE
    EIN:
    84-3343778
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN CURRENCY FEES 9,484 9,484 0 0


    TY 2021 OtherIncomeSchedule2
    Name:
    REGENT PHILANTHROPIC FOUNDATION INC
     
    C/O ACADIA FAMILY OFFICE
    EIN:
    84-3343778
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    UNREALIZED GAIN 29,650 0 0
    OTHER INCOME 9,905 9,905 0


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    REGENT PHILANTHROPIC FOUNDATION INC
     
    C/O ACADIA FAMILY OFFICE
    EIN:
    84-3343778
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FILING FEES 100 0 0 100
    CONSULTING FEES 11,362 0 0 11,362


    TY 2021 TaxesSchedule
    Name:
    REGENT PHILANTHROPIC FOUNDATION INC
     
    C/O ACADIA FAMILY OFFICE
    EIN:
    84-3343778
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL INCOME TAX 2020 82,801 0 0 0
    FEDERAL INCOME TAX 2021 32,199 0 0 0