Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023
Name of foundation
SG SCHIMENTI FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)8805 TAMIAMI TRAIL N 368
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NAPLES, FL341082525
A Employer identification number

45-4076946
B Telephone number (see instructions)

(203) 912-5646
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$40,803,482J 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) 675,418
2 Check right arrow.............
3 Interest on savings and temporary cash investments 703,340 703,340  
4 Dividends and interest from securities... 372,032 372,032  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 20,115
b Gross sales price for all assets on line 6a 4,400,125
7 Capital gain net income (from Part IV, line 2)... 20,115
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
List of Attached Documents:
// Content
120 3,392  
12 Total. Add lines 1 through 11........ 1,771,025 1,098,879  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
12,456 0   12,456
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
41,157 41,157   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
3,061 578   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
List of Attached Documents:
// Content
6,721 3,126   3,595
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 63,395 44,861   16,051
25 Contributions, gifts, grants paid....... 1,006,264 1,006,264
26 Total expenses and disbursements. Add lines 24 and 25 1,069,659 44,861   1,022,315
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 701,366
b Net investment income (if negative, enter -0-) 1,054,018
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 21,621,738 9,147,623 9,147,623
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
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) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 0 Click to see attachment
List of Attached Documents:
// Content
774,477 		774,477
b Investments—corporate stock (attach schedule)....... 1,469,724 Click to see attachment
List of Attached Documents:
// Content
1,749,174 		1,749,174
c Investments—corporate bonds (attach schedule)....... 98,255 Click to see attachment
List of Attached Documents:
// Content
9,970,246 		9,970,246
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 13,532,478 Click to see attachment
List of Attached Documents:
// Content
19,161,962 		19,161,962
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 36,722,195 40,803,482 40,803,482
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 right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 36,722,195 40,803,482
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 36,722,195 40,803,482
30 Total liabilities and net assets/fund balances (see instructions). 36,722,195 40,803,482
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
36,722,195
2
Enter amount from Part I, line 27a .....................
2
701,366
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
3,379,921
4
Add lines 1, 2, and 3 ..........................
4
40,803,482
5
Decreases not included in line 2 (itemize) right arrow
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
40,803,482
Form 990-PF (2023)
Form 990-PF (2023)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES      
b GABELLI ASSOCIATES LIMITED CLASS A INITIAL SERIES 588.923 SHARES P 2021-12-01 2023-12-01
c GABELLI ASSOCIATES LIMITED CLASS A INITIAL SERIES 533.629 SHARES P 2021-01-01 2023-12-01
d CAPITAL GAINS DIVIDENDS P    
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 3,391,564   3,426,650 -35,086
b 524,629   500,160 24,469
c 475,371   453,200 22,171
d 8,561     8,561
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       -35,086
b       24,469
c       22,171
d       8,561
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 20,115
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  
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 right arrow 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) 1 14,651
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 14,651
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 14,651
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 3,551
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 26,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 29,551
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.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 14,900
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow14,900 Refundedright arrow 11 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
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. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 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
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
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:
round bullet By language in the governing instrument, or
round bullet 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)
right arrowDE
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 2023 or the taxable year beginning in 2023? 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
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 addressright arrowN/A
14
The books are in care ofright arrowGLENN ANGIOLILLO Telephone no.right arrow (203) 912-5646

Located atright arrow8805 TAMIAMI TRAIL N SUITE 368NAPLESFL ZIP+4right arrow341082525
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, 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 right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
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)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
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 2023? .............
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 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 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.
right arrow20, 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 2023 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 2023.) .....................
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 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
GLENN ANGIOLILLO DIRECTOR, PRESIDENT, SECRETARY
12.50 		0 0 0
8805 TAMIAMI TRAIL N SUITE 368
NAPLES,FL341082525
GIAN ANGIOLILLO DIRECTOR
2.00 		0 0 0
8805 TAMIAMI TRAIL N SUITE 368
NAPLES,FL341082525
CHARLES MURPHY DIRECTOR
2.00 		0 0 0
8805 TAMIAMI TRAIL N SUITE 368
NAPLES,FL341082525
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...................right arrow 0
Form 990-PF (2023)
Form 990-PF (2023)
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.............right arrow0
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.........................right arrow0
Form 990-PF (2023)
Form 990-PF (2023)
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
24,333,230
b
Average of monthly cash balances.......................
1b
14,265,282
c
Fair market value of all other assets (see instructions)................
1c
330,283
d
Total (add lines 1a, b, and c).........................
1d
38,928,795
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
38,928,795
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
583,932
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
38,344,863
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,917,243
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
1,917,243
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
14,651
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
563
c
Add lines 2a and 2b............................
2c
15,214
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,902,029
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
1,902,029
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
1,902,029
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
1,022,315
b
Program-related investments—total from Part VIII-B..................
1b
0
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
1,022,315
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7 1,902,029
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 766,445
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 1,022,315
a Applied to 2022, but not more than line 2a 766,445
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 2023 distributable amount..... 255,870
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2023. 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 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		1,646,159
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 2018 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022....  
e Excess from 2023....  
Form 990-PF (2023)
Form 990-PF (2023)
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 2023, enter the date of the ruling ...... right arrow
 
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 IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
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 right arrow
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 (2023)
Form 990-PF (2023)
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

ABILIS INC

50 GLENVILLE STREET
GREENWICH,CT068314140 		N/A PC GENERAL OPERATING SUPPORT 10,000

BOYS AND GIRLS CLUB OF GREENWICH

4 HORSENECK LANE
GREENWICH,CT068306327 		N/A PC GENERAL OPERATING SUPPORT 20,000

CHURCH OF OUR LADY OF THE ROSARY

22 DON BOSCO PLACE
PORT CHESTER,NY105735046 		N/A PC FOOD PANTRY 801,264

FAIRFIELD COLLEGE PREPARATORY SCHOOL

1073 N BENSON ROAD
FAIRFIELD,CT068245171 		N/A PC GENERAL OPERATING SUPPORT 75,000

SALESIAN HIGH SCHOOL

148 E MAIN STREET
NEW ROCHELLE,NY108015324 		N/A PC GENERAL OPERATING SUPPORT 40,000

WATERSIDE SCHOOL INC

770 PACIFIC STREET
STAMFORD,CT069027329 		N/A PC GENERAL OPERATING SUPPORT 25,000

WESTPORT WESTON FAMILY YMCA FOUNDATION INC

14 ALLEN RAYMOND LANE
WESTPORT,CT068801918 		N/A PC GENERAL OPERATING SUPPORT 10,000

YMCA OF GREENWICH

50 E PUTNAM AVENUE
GREENWICH,CT068305601 		N/A PC GENERAL OPERATING SUPPORT 25,000
Total .................................right arrow 3a 1,006,264
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2023)
Form 990-PF (2023)
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 ........... 		    14 703,340  
4 Dividends and interest from securities ....     14 372,032  
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 .....     14 120  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 20,115  
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 1,095,607 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,095,607
(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 (2023)
Form 990-PF (2023)
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.
right arrow right arrow
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 Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2023)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2023
Name of the organization
SG SCHIMENTI FOUNDATION INC
 
Employer identification number

45-4076946
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ






Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......... Arrow Bullet $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (2023)
Schedule B (Form 990) (2023) Page 2
Name of organization
SG SCHIMENTI FOUNDATION INC
  		Employer identification number
45-4076946
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
ART III TERM TRUST UNDER SG SCHIMENTI RESTATEMENT DTD 101
 
8805 TAMIAMI TRIAL NORTH SUITE 368
 
NAPLES, FL341082525

$ 675,418


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

$  


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

$  


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

$  


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

$  


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

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 3
Name of organization
SG SCHIMENTI FOUNDATION INC
  		Employer identification number

45-4076946
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 SM MERGER/ARBITRAGE, L.P. $ 305,418 2023-03-31
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 4
Name of organization
SG SCHIMENTI FOUNDATION INC
  		Employer identification number

45-4076946
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (2023)
Additional Data


Software ID:  
Software Version:  

TY 2023 AccountingFeesSchedule
Name:
SG SCHIMENTI FOUNDATION INC
EIN:
45-4076946
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ANNUAL BOOKKEEPING AND TAX RETURN PREPARATION 12,456 0   12,456

TY 2023 InvestmentsCorpBondsSchedule
Name:
SG SCHIMENTI FOUNDATION INC
EIN:
45-4076946
Name of Bond End of Year Book Value End of Year Fair Market Value
ADVENTIST HEALTH SYS WEST 3/1/32 5.43% 75,000 QTY 76,413 76,413
AERCAP IRELAND CAPITAL DAC 1/30/32 3.3% 150,000 QTY 130,699 130,699
AMERICAN ELECTRIC POWER CO INC 3/1/33 5.625% 70,000 QTY 73,076 73,076
AMERICAN EXPRESS CO 7/27/29 5.282% 75,000 QTY 76,633 76,633
AMERICAN INTL GROUP INC 6/30/30 3.4% 75,000 QTY 69,112 69,112
AMGEN INC 3/2/33 5.25% 75,000 QTY 77,002 77,002
AON CORP / AON GLOBAL HOLDINGS 2/28/33 5.35% 100,000 QTY 102,764 102,764
ASSURED GUARANTY US HOLDINGS I 6/15/31 3.15% 85,000 QTY 75,462 75,462
AT&T INC 12/1/33 2.55% 90,000 QTY 73,424 73,424
ATHENE HOLDING LTD 1/15/31 3.5% 90,000 QTY 79,356 79,356
AUTOZONE INC SR GLBL NT 8/1/33 5.2% 75,000 QTY 76,466 76,466
AXA EQUITABLE HOLDINGS INC 4/20/28 4.35% 80,000 QTY 77,311 77,311
BANK NEW YORK MELLON CORP FR 4/26/27 4.947% 100,000 QTY 100,055 100,055
BANK OF AMERICA CORP 7/23/30 3.194% 125,000 QTY 113,465 113,465
BANK OF NOVA SCOTIA/THE 6/12/28 5.25% 75,000 QTY 76,196 76,196
BAXTER INTL INC SR GLBL NT 2/1/32 2.539% 100,000 QTY 83,982 83,982
BBMCS MTG TR 4/15/56 5.753% 75,000 QTY 76,621 76,621
BECTON DICKINSON AND CO 8/22/32 4.298% 75,000 QTY 72,485 72,485
BENCHMARK 2023-V2 MTG TR FLT 5/15/55 5.3576% 70,000 QTY 70,696 70,696
BERRY GLOBAL INC 1/15/27 1.65% 85,000 QTY 76,577 76,577
BLOCK FINANCIAL LLC 8/15/30 3.875% 85,000 QTY 77,830 77,830
BOARDWALK PIPELINES LP SR NT 9/1/32 3.6% 75,000 QTY 66,701 66,701
BOSTON MEDICAL CENTER CORP 7/1/26 4.519% 75,000 QTY 72,815 72,815
BROADCOM INC 11/15/30 4.15% 90,000 QTY 86,091 86,091
BUNGE LTD FINANCE CORP 5/14/31 2.75% 65,000 QTY 56,686 56,686
CANADIAN IMPERIAL BANK OF 8/4/25 3.945% 75,000 QTY 73,816 73,816
CDW LLC / CDW FINANCE CORP 2/15/29 3.25% 75,000 QTY 68,580 68,580
CENTERPOINT ENERGY RES CORP SR 3/1/28 5.25% 75,000 QTY 76,968 76,968
CHARLES SCHWAB CORP/THE 5/19/29 5.643% 80,000 QTY 82,130 82,130
CHARTER COMMUNICATIONS OPERATI 4/1/32 2.8% 100,000 QTY 84,491 84,491
CHENIERE ENERGY PARTNERS L P 3/1/32 4% 110,000 QTY 99,841 99,841
CITIGROUP INC 4/23/29 4.075% 100,000 QTY 96,334 96,334
COMCAST CORP 5/15/33 4.8% 75,000 QTY 76,073 76,073
COMMONSPIRIT HEALTH 11/1/27 6.073% 75,000 QTY 77,224 77,224
CONTINENTAL RESOURCES INC/OK 1/15/28 4.375% 75,000 QTY 72,682 72,682
CVS HEALTH CORP 2/21/33 5.25% 100,000 QTY 102,400 102,400
DEUTSCHE BANK AG/NEW YORK 1/13/26 4.1% 100,000 QTY 97,229 97,229
DIAMONDBACK ENERGY INC SR NT 3/24/31 3.125% 85,000 QTY 75,651 75,651
DOLLAR GENERAL CORP 11/1/32 5% 75,000 QTY 74,939 74,939
DOMINION ENERGY INC SR GLBL -C NT 11/15/32 5.375% 100,000 QTY 102,865 102,865
DUKE ENERGY CORP 8/15/32 4.5% 75,000 QTY 72,720 72,720
EAGLE MATERIALS INC 7/1/31 2.5% 80,000 QTY 68,098 68,098
ENBRIDGE INC MTN CDS- SR GLBL NT 3/8/26 5.969% 70,000 QTY 70,015 70,015
ENERGY TRANSFER OPERATING LP 4/15/29 5.25% 75,000 QTY 75,644 75,644
ENTERGY TEXAS INC 1M GLBL BD 3/30/29 4% 75,000 QTY 72,978 72,978
EQT CORP 2/1/30 7% 70,000 QTY 75,127 75,127
EQUINIX INC 11/18/29 3.2% 85,000 QTY 78,173 78,173
ESSENTIAL UTILS INC SR GLBL NT 30 4/15/30 2.704% 90,000 QTY 78,786 78,786
EVERSOURCE ENERGY 5/15/33 5.125% 105,000 QTY 105,730 105,730
EXELON CORP 3/15/33 5.3% 100,000 QTY 102,250 102,250
EXPEDIA GROUP INC SR GLBL NT 2/15/30 3.25% 85,000 QTY 78,032 78,032
FISERV INC 3/2/33 5.6% 70,000 QTY 73,087 73,087
GENERAL MOTORS FINANCIAL CO IN 4/6/30 5.85% 75,000 QTY 77,459 77,459
GOLDMAN SACHS GROUP INC/THE 5/1/29 4.223% 100,000 QTY 96,835 96,835
GOLDMAN SACHS GRP INC MED TERM NOTE 6.000% 12/15/28 (38150AQG3) 100,000 QTY 100,051 100,051
HCA INC 9/1/28 5.625% 75,000 QTY 76,817 76,817
HSBC HOLDINGS PLC 3/13/28 4.041% 80,000 QTY 77,123 77,123
IDEX CORP 5/1/30 3% 85,000 QTY 75,877 75,877
INTERCONTINENTAL EXCHANGE 3/15/33 4.6% 80,000 QTY 79,660 79,660
JABIL INC 1/15/31 3% 85,000 QTY 73,838 73,838
JPMORGAN CHASE & CO 4/22/32 2.58% 125,000 QTY 105,929 105,929
KINDER MORGAN INC 2/15/31 2% 90,000 QTY 74,863 74,863
KROGER CO 9/15/29 8% 65,000 QTY 74,311 74,311
L3HARRIS TECHNOLOGIES INC 7/31/33 5.4% 70,000 QTY 72,925 72,925
LENNAR CORP 11/29/27 4.75% 75,000 QTY 74,918 74,918
LOUISVILLE GAS & ELEC CO 1M GLBL BD 4/15/33 5.45% 70,000 QTY 73,046 73,046
M D C HLDGS INC CR SEN SR GLBL 1/15/30 3.85% 85,000 QTY 77,847 77,847
MARRIOTT INTERNATIONAL INC/MD 10/15/32 3.5% 115,000 QTY 102,714 102,714
MARSH & MCLENNAN COS INC SR GLBL NT 9/15/33 5.4% 75,000 QTY 79,102 79,102
MITSUBISHI UFJ FINANCIAL G 7/20/27 1.538% 100,000 QTY 91,416 91,416
MORGAN STANLEY 1/23/30 4.431% 100,000 QTY 97,502 97,502
MOTOROLA SOLUTIONS INC SR GLBL NT 5/24/31 2.75% 100,000 QTY 85,611 85,611
MPLX LP 8/15/30 2.65% 90,000 QTY 77,781 77,781
NASDAQ INC 6/28/28 5.35% 75,000 QTY 77,205 77,205
NATIONAL GRID PLC 6/12/33 5.809% 75,000 QTY 78,966 78,966
NEWMONT CORP 7/15/32 2.6% 75,000 QTY 64,239 64,239
NEXTERA ENERGY CAPITAL HOLDING 1/15/31 2.44% 90,000 QTY 75,551 75,551
NORTHERN TRUST CORP 11/2/32 6.125% 95,000 QTY 102,195 102,195
NUCOR CORP SR GLBL NT 32 4/1/32 3.125% 85,000 QTY 76,444 76,444
NUTRIEN LTD 3/27/28 4.9% 75,000 QTY 75,725 75,725
NVENT FINANCE SARL 4/15/28 4.55% 100,000 QTY 97,259 97,259
OCCIDENTAL PETROLEUM CORP 7/15/30 8.875% 65,000 QTY 76,063 76,063
ONEOK INC 9/1/33 6.05% 75,000 QTY 79,485 79,485
ORACLE CORP 11/9/29 6.15% 75,000 QTY 80,788 80,788
OWENS CORNING 6/1/30 3.875% 80,000 QTY 75,220 75,220
PACIFIC GAS AND ELECTRIC CO 1/15/33 6.15% 100,000 QTY 103,833 103,833
PHILLIPS 66 6/30/33 5.3% 75,000 QTY 77,135 77,135
PLAINS ALL AMERICAN PIPELINE L 9/15/30 3.8% 85,000 QTY 78,332 78,332
PNC FINANCIAL SERVICES GROUP I 12/2/28 5.354% 110,000 QTY 111,403 111,403
PROVIDENCE ST JOSEPH HEALTH OB 10/1/33 5.403% 75,000 QTY 76,544 76,544
PUBLIC SVC ENTERPRISE GROUP SR NT 10/15/33 6.125% 75,000 QTY 80,771 80,771
PUGET ENERGY INC SR SEC GLBL NT 6/15/30 4.1% 80,000 QTY 73,404 73,404
PULTE CORP 6/15/32 7.875% 65,000 QTY 76,503 76,503
RAYTHEON TECHNOLOGIES CORP 2/27/33 5.15% 80,000 QTY 81,650 81,650
ROYAL BANK OF CANADA 1/12/28 4.9% 75,000 QTY 75,870 75,870
SCIENCE APPLICATIONS INT 7/1/33 5.5% 75,000 QTY 72,469 72,469
SEMPRA GLBL NT 8/1/33 5.5% 75,000 QTY 77,888 77,888
SOUTHERN CALIFORNIA EDISON CO 11/1/32 5.95% 70,000 QTY 75,337 75,337
SOUTHERN CO/THE 6/15/33 5.2% 105,000 QTY 107,304 107,304
SOUTHWEST AIRLINES CO 2/10/30 2.625% 90,000 QTY 78,722 78,722
STATE STREET CORP 11/4/28 5.82% 60,000 QTY 62,283 62,283
STEEL DYNAMICS INC 1/15/31 3.25% 100,000 QTY 90,231 90,231
TARGA RESOURCES CORP 2/1/33 4.2% 110,000 QTY 101,387 101,387
T-MOBILE USA INC 4/15/29 3.375% 80,000 QTY 74,326 74,326
TORONTO-DOMINION BANK/THE 7/17/28 5.523% 75,000 QTY 77,269 77,269
TRANSCANADA PIPELINES LTD 3/9/26 6.203% 75,000 QTY 74,997 74,997
TRUIST FINANCIAL CORP 1/26/29 4.873% 115,000 QTY 113,412 113,412
UPMC 5/15/33 5.035% 75,000 QTY 76,210 76,210
US BANCORP 2/1/29 4.653% 80,000 QTY 78,807 78,807
VALERO ENERGY CORP 4/15/32 7.5% 75,000 QTY 86,383 86,383
VERIZON COMMUNICATIONS INC 3/22/30 3.15% 75,000 QTY 68,649 68,649
VIATRIS INC 6/22/27 2.3% 85,000 QTY 77,133 77,133
VMWARE INC 5/15/30 4.7% 75,000 QTY 74,083 74,083
VULCAN MATERIALS CO 6/1/30 3.5% 75,000 QTY 69,830 69,830
WABTEC CORP 9/15/28 4.7% 75,000 QTY 74,226 74,226
WARNERMEDIA HOLDINGS INC 3/15/32 4.279% 115,000 QTY 105,388 105,388
WELLS FARGO & CO 3/24/28 3.526% 75,000 QTY 71,593 71,593
WESTERN MIDSTREAM OPERATING LP 4/1/33 6.15% 100,000 QTY 103,956 103,956
WEYERHAEUSER CO 12/15/33 6.875% 75,000 QTY 82,589 82,589
WILLIS NORTH AMERICA INC 9/15/28 4.5% 75,000 QTY 73,070 73,070
WRKCO INC SR GLBL NT 3/15/26 4.65% 80,000 QTY 79,476 79,476
XCEL ENERGY INC GLBL NT 6/1/32 4.6% 75,000 QTY 73,237 73,237

TY 2023 InvestmentsCorpStockSchedule
Name:
SG SCHIMENTI FOUNDATION INC
EIN:
45-4076946
Name of Stock End of Year Book Value End of Year Fair Market Value
ACCENTURE PLC SHS CL A NEW (ACN) 12.000 SHARES 4,211 4,211
ADVANTEST CORP SPONSORED ADR NEW (ATEYY) 84.000 SHARES 2,835 2,835
ADYEN N V (ADYEY) 369.000 SHARES 4,753 4,753
ALPHABET INC NON VOTING CL C (GOOG) 1,200.000 SHARES 169,116 169,116
AON PLC (AON) 14.000 SHARES 4,074 4,074
AON PLC CLASS A (AON) 847.390 SHARES 246,607 246,607
APPLE INC (AAPL) 1,008.491 SHARES 194,165 194,165
ARCH CAPITAL GROUP COM STK (ACGL) 45.000 SHARES 3,342 3,342
ASM INTERNATIONAL NV ASM INTERNATIONAL N.V. (ASMIY) 7.000 SHARES 3,634 3,634
ASML HOLDING NV NY REG 2012 (ASML) 7.000 SHARES 5,298 5,298
ASTRAZENECA PLC (AZN) 51.000 SHARES 3,435 3,435
ATLAS COPCO AB CLASS A (ATLKY) 168.000 SHARES 2,891 2,891
ATLASSIAN CORP CL A (TEAM) 23.000 SHARES 5,471 5,471
BAE SYS PLC SPONSORED ADR (BAESY) 71.000 SHARES 4,105 4,105
CANADIAN NAT RES LTD COM CANADIAN NAT RES COM STK (CNQ) 38.000 SHARES 2,490 2,490
CANADIAN PAC RY LTD COM NPV (CP) 85.000 SHARES 6,720 6,720
COMPASS GROUP PLC SPON ADR EACH REP 1 ORD SHS (CMPGY) 94.000 SHARES 2,614 2,614
ENERGY SELCET SECTOR (XLE) 946.033 SHARES 79,315 79,315
EPAM SYS INC (EPAM) 7.000 SHARES 2,081 2,081
EVOLUTION AB (EVVTY) 32.000 SHARES 3,821 3,821
EXPERIAN PLC (EXPGY) 90.000 SHARES 3,667 3,667
FERGUSON PLC (FERG) 22.000 SHARES 4,248 4,248
FERRARI N V FERRARI N V (RACE) 18.000 SHARES 6,092 6,092
ICICI BK LTD (IBN) 140.000 SHARES 3,338 3,338
ICON PLC (ICLR) 21.000 SHARES 5,944 5,944
L OREAL S A ADR (LRLCY) 34.000 SHARES 3,380 3,380
LINDE PLC (LIN) 8.000 SHARES 3,286 3,286
LVMH MOET HENNESSY LOUIS VUITTON (LVMUY) 22.000 SHARES 3,574 3,574
MARRIOTT INTL INC NEW CL A (MAR) 1,465.086 SHARES 330,392 330,392
MERCADOLIBRE INC COM STK (MELI) 3.000 SHARES 4,715 4,715
NESTLE S A (NSRGY) 29.000 SHARES 3,353 3,353
NOVO-NORDISK A S (NVO) 69.000 SHARES 7,138 7,138
NVIDIA CORP (NVDA) 220.039 SHARES 108,968 108,968
PALO ALTO NETWORKS (PANW) 743.000 SHARES 219,096 219,096
RYMAN HOSPITALITY PPPTYS (RHP) 2,474.427 SHARES 272,335 272,335
SAFRAN ADR (SAFRY) 85.000 SHARES 3,751 3,751
SCHNEIDER ELECTRIC SE (SBGSY) 69.000 SHARES 2,776 2,776
STERIS PLC (STE) 15.000 SHARES 3,298 3,298
THOMSON REUTERS CORP (TRI) 20.000 SHARES 2,924 2,924
UBS GROUP AG COMMON STOCK (UBS) 95.000 SHARES 2,936 2,936
WASTE CONNECTIONS INC (WCN) 20.000 SHARES 2,985 2,985

TY 2023 InvestmentsGovtObligationsSch
Name:
SG SCHIMENTI FOUNDATION INC
EIN:
45-4076946
US Government Securities - End of Year Book Value:

492,284
US Government Securities - End of Year Fair Market Value:

492,284
State & Local Government Securities - End of Year Book Value:


282,193
State & Local Government Securities - End of Year Fair Market Value:


282,193


TY 2023 InvestmentsOtherSchedule2
Name:
SG SCHIMENTI FOUNDATION INC
EIN:
45-4076946
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
GABELLI ASSOCIATES LIMITED CLASS A INITIAL SERIES 4,764.795 SHARES FMV 4,323,818 4,323,818
INVESCO QQQ TR UNIT SER 1 (QQQ) 7,974.469 SHARES FMV 3,265,705 3,265,705
ISHARES CORE S&P 500 ETF (IVV) 1,014.000 SHARES FMV 484,317 484,317
ISHARES CORE S&P 500 ETF (IVV) 2,199.000 SHARES FMV 1,050,308 1,050,308
ISHARES S&P500 VALUE ETF (IVE) 1,848.351 SHARES FMV 321,410 321,410
ISHARES TR ETF (USHY) 1,105.000 SHARES FMV 40,167 40,167
MFC FLEXSHARES TR MORNINGSTAR GLOB UPSTREAM NAT RES (GUNR) 3,868.000 SHARES FMV 158,395 158,395
MFC ISHARES CORE S&P MID-CAP ETF (IJH) 784.000 SHARES FMV 217,286 217,286
MFC ISHARES TR 1-5 YR INVT GRADE CORPORATE BD ETF (IGSB) 9,315.000 SHARES FMV 477,627 477,627
MFC ISHARES TR GLOBAL INFRASTRUCTURE ETF INDEX FD (IGF) 2,490.000 SHARES FMV 117,155 117,155
MFC ISHARES U.D. TREASURY BOND ETF (GOVT) 5,840.000 SHARES FMV 134,554 134,554
MFO BLACKROCK FDS V HIGH YIELD BD PORT INSTLCL (BHYIX) 57,285.210 SHARES FMV 403,287 403,287
MFO DFA INVEST DIMENSIONS GROUP INC US SMALL CAP (DFSTX) 4,920.290 SHARES FMV 218,264 218,264
MFO HARBOR FUND CAPITAL APPRECIATION FUND (HACAX) 4,216.520 SHARES FMV 407,990 407,990
MFO INVESCO DEVELOPING MARKETS FUND (ODVIX) 3,976.310 SHARES FMV 153,366 153,366
MFO MFS INSTL INTL EQTY FD (MIEIX) 5,877.260 SHARES FMV 193,597 193,597
SCHWAB STRATEGIC TR ETF FUN EM MKT LARGE CO INDEX (FNDE) 1,461.000 SHARES FMV 39,652 39,652
SCHWAB STRATEGIC TR ETF FUNDAMNETAL INTL LARGE (FNDF) 8,025.000 SHARES FMV 270,683 270,683
SCHWAB US DIVIDEND ETF EQUITY (SCHD) 4,377.789 SHARES FMV 333,281 333,281
SM MERGER/ARBITRAGE, L.P. FMV 330,283 330,283
SPDR PORTFOLIO ETF INTERMEDIATETERM (SPIB) 1,216.000 SHARES FMV 39,921 39,921
SPDR S&P 500 TRUST ETF (SPY) 9,093.659 SHARES FMV 4,322,307 4,322,307
VANGUARD FTSE ETF DEVELOPED MARKETS ETF (VEA) 5,552.000 SHARES FMV 265,941 265,941
VANGUARD INTL EQUITY ETF INDEX EMERGING MKTS ETF (VWO) 3,242.000 SHARES FMV 133,246 133,246
VANGUARD MID CAP ETF (VO) 801.000 SHARES FMV 186,345 186,345
VANGUARD SCOTTSDALE ETF INTER-TERM TREAS INDEX FD (VGIT) 447.000 SHARES FMV 26,516 26,516
VANGUARD SHORT TERM ETF (BSV) 1,186.000 SHARES FMV 91,346 91,346
VANGUARD SMALL CAP ETF (VB) 342.000 SHARES FMV 72,959 72,959
VANGUARD SMALL CAP V ETF (VBR) 324.000 SHARES FMV 58,310 58,310
VANGUARD TOTAL BOND ETF (BND) 3,844.000 SHARES FMV 282,726 282,726
VANGUARD TOTAL STOCK ETF (VTI) 2,834.000 SHARES FMV 672,281 672,281
VANGUARD VALUE ETF (VTV) 461.000 SHARES FMV 68,919 68,919

TY 2023 OtherExpensesSchedule
Name:
SG SCHIMENTI FOUNDATION INC
EIN:
45-4076946
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
BANK FEES 210 0   210
FILING FEES 25 0   25
INSURANCE 2,266 0   2,266
MEMBERSHIP FEES 815 0   815
OFFICE AND OTHER EXPENSES 279 0   279
OTHER INVESTMENT EXPENSES 3,126 3,126   0


TY 2023 OtherIncomeSchedule2
Name:
SG SCHIMENTI FOUNDATION INC
EIN:
45-4076946
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
SECURITIES LITIGATION PROCEEDS 120 120 120
OTHER INCOME (LOSS) THRU SCHEDULE K-1   3,272  


TY 2023 OtherIncreasesSchedule
Name:
SG SCHIMENTI FOUNDATION INC
EIN:
45-4076946
Description Amount
UNREALIZED GAIN ON INVESTMENTS 3,379,921


TY 2023 OtherProfessionalFeesSchedule
Name:
SG SCHIMENTI FOUNDATION INC
EIN:
45-4076946
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT AND ADVISORY 41,157 41,157   0


TY 2023 TaxesSchedule
Name:
SG SCHIMENTI FOUNDATION INC
EIN:
45-4076946
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL EXCISE TAX PAID 2,500 0   0
FOREIGN TAXES WITHHELD 561 561   0
FOREIGN TAXES WITHHELD THRU SCHEDULE K-1 0 17   0