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
SMALLEY FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 1088
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MANHASSET, NY110309710
A Employer identification number

13-6225947
B Telephone number (see instructions)

(516) 528-3899
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$36,826,843J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 582,686 582,686  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 773,752
b Gross sales price for all assets on line 6a 4,370,761
7 Capital gain net income (from Part IV, line 2)... 773,752
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
49,641 0  
12 Total. Add lines 1 through 11........ 1,406,079 1,356,438  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 283,040 0   283,040
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
12,215 0   12,215
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
174,389 174,389   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
25,800 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
List of Attached Documents:
// Content
91,961 0   91,961
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 587,405 174,389   387,216
25 Contributions, gifts, grants paid....... 2,246,607 2,246,607
26 Total expenses and disbursements. Add lines 24 and 25 2,834,012 174,389   2,633,823
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,427,933
b Net investment income (if negative, enter -0-) 1,182,049
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............. 121,758 244,230 244,230
2 Savings and temporary cash investments......... 355,522 237,506 237,506
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) 2,480,538 Click to see attachment
List of Attached Documents:
// Content
2,252,864 		2,252,864
b Investments—corporate stock (attach schedule)....... 24,809,979 Click to see attachment
List of Attached Documents:
// Content
28,767,712 		28,767,712
c Investments—corporate bonds (attach schedule)....... 1,989,781 Click to see attachment
List of Attached Documents:
// Content
2,183,365 		2,183,365
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).......... 3,659,553 Click to see attachment
List of Attached Documents:
// Content
3,075,708 		3,075,708
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
71,710 		Click to see attachment
List of Attached Documents:
// Content
65,458 		Click to see attachment
List of Attached Documents:
// Content
65,458
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 33,488,841 36,826,843 36,826,843
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) Click to see attachment
List of Attached Documents:
// Content
166,478 		Click to see attachment
List of Attached Documents:
// Content
232,725
23 Total liabilities (add lines 17 through 22)......... 166,478 232,725
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........... 33,322,363 36,594,118
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)..... 33,322,363 36,594,118
30 Total liabilities and net assets/fund balances (see instructions). 33,488,841 36,826,843
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
33,322,363
2
Enter amount from Part I, line 27a .....................
2
-1,427,933
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
4,765,935
4
Add lines 1, 2, and 3 ..........................
4
36,660,365
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
66,247
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
36,594,118
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 P    
b
c
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 4,370,761   3,597,009 773,752
b
c
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       773,752
b
c
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 2 773,752
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 16,430
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 16,430
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 16,430
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 21,724
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 5,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 26,724
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
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 10,294
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow10,294 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
 
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:
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 arrowNY
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 arrowMARIE ESLINGER Telephone no.right arrow (516) 528-3899

Located atright arrowPO BOX 1088MANHASSETNY ZIP+4right arrow110309710
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)
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
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)
Yes
 
(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
 
No
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
MARIE ESLINGER DIRECTOR, PRESIDENT
20.00 		176,000 0 0
PO BOX 1088
MANHASSET,NY110309710
CONSTANTINE KREATSOULAS DIRECTOR, VICE PRESIDENT
5.00 		15,000 0 0
PO BOX 1088
MANHASSET,NY110309710
CATHY CAAMANO DIRECTOR, TREASURER
5.00 		62,040 0 0
PO BOX 1088
MANHASSET,NY110309710
MARTIN SAIMAN DIRECTOR
5.00 		15,000 0 0
PO BOX 1088
MANHASSET,NY110309710
CYNTHIA SIDERMAN DIRECTOR
5.00 		15,000 0 0
PO BOX 1088
MANHASSET,NY110309710
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
BANK OF AMERICA INVESTMENT MANAGEMENT 174,389
PRIVATE BANK TRUST OPS PO BOX
830269
DALLAS,TX75283
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 THE SMALLEY FOUNDATION, INC. (THE "FOUNDATION") AWARDS COLLEGE SCHOLARSHIPS TO DESERVING PUBLIC HIGH SCHOOL SENIORS WHO NEED FINANCIAL AID TO ATTEND COLLEGE. THE PAYMENTS ARE MADE DIRECTLY TO THE COLLEGE FOR TUITION, FEES, BOOKS, ROOM AND BOARD AND RELATED EXPENSES. THE COLLEGE IS AUTHORIZED IN CERTAIN CASES TO TURN A PORTION OF THE FUNDS OVER TO THE GRANTEE FOR THE PURCHASE OF BOOKS, SUPPLIES AND OTHER RELATED EXPENSES. CANDIDATES FOR AWARDS ARE NOMINATED ANNUALLY BY THE BOARD OF EDUCATION (OR COMPARABLE ADMINISTRATIVE AGENCIES) OF COMMUNITIES. THE DIRECTORS OF THE FOUNDATION SELECT GRANTEES FROM THE LIST OF NOMINEES ON THE BASIS OF THE FOLLOWING CRITERIA: 1) PERFORMANCE IN EXAMINATIONS SHOWING ABILITY AND APTITUDE FOR COLLEGE WORK, 2) RECOMMENDATION FROM SCHOOL PERSONNEL, 3) FINANCIAL NEED, AND 4) PRIOR ACADEMIC PERFORMANCE. DURING 2023, THE FOUNDATION DISBURSED $2,180,607 IN SCHOLARSHIPS FOR 100 INDIVIDUAL STUDENTS. 158,760
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
34,790,832
b
Average of monthly cash balances.......................
1b
452,809
c
Fair market value of all other assets (see instructions)................
1c
54,534
d
Total (add lines 1a, b, and c).........................
1d
35,298,175
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
35,298,175
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
529,473
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
34,768,702
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,738,435
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
1,738,435
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
16,430
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
16,430
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,722,005
4
Recoveries of amounts treated as qualifying distributions................
4
49,641
5
Add lines 3 and 4............................
5
1,771,646
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
1,771,646
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
2,633,823
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
2,633,823
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 1,771,646
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018...... 220,377
b From 2019...... 4,736
c From 2020...... 237,561
d From 2021...... 416,580
e From 2022...... 624,545
f Total of lines 3a through e ........ 1,503,799
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 2,633,823
a Applied to 2022, 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 2023 distributable amount..... 1,771,646
e Remaining amount distributed out of corpus 862,177
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 2,365,976
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 .......... 		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 2018 not
applied on line 5 or line 7 (see instructions) ... 		220,377
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		2,145,599
10 Analysis of line 9:
a Excess from 2019.... 4,736
b Excess from 2020.... 237,561
c Excess from 2021.... 416,580
d Excess from 2022.... 624,545
e Excess from 2023.... 862,177
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
ALLEGHENY COLLEGE ITF SAMUEL ROQUE


520 N MAIN ST
MEADVILLE,PA16335 		NONE I SCHOLARSHIP PROGRAM: SCHOLARSHIP 25,000
BARUCH COLLEGE ITF KOLE MOHAMMED


55 LEXINGTON AVE
NEW YORK,NY10010 		NONE I SCHOLARSHIP PROGRAM: SCHOLARSHIP 25,000
BENTLEY UNIVERSITY ITF VIET NGUYEN


175 FOREST ST
WALTHAM,MA02452 		NONE I SCHOLARSHIP PROGRAM: SCHOLARSHIP 25,000
BOSTON UNIVERSITY ITF CIARAN DOUGLA


881 COMMONWEALTH AVE 4TH FL
BOSTON,MA02215 		NONE I SCHOLARSHIP PROGRAM: SCHOLARSHIP 25,000
BOSTON UNIVERSITY ITF SHEILA POKUA


881 COMMONWEALTH AVE 4TH FL
BOSTON,MA02215 		NONE I SCHOLARSHIP PROGRAM: SCHOLARSHIP 19,894
BRANDEIS UNIVERSITY ITF ANNITAH NAK


415 SOUTH ST
WALTHAM,MA02453 		NONE I SCHOLARSHIP PROGRAM: SCHOLARSHIP 25,000
BRYN MAWR COLLEGE ITF WINNIE MUIRU


101 N MERION AVE
BRYN MAWR,PA19010 		NONE I SCHOLARSHIP PROGRAM: SCHOLARSHIP 25,000
CARNEGIE MELLON UNIVERSITY ITF FELI


5000 FOREBES AVENUE
PITTSBURGH,PA15213 		NONE I SCHOLARSHIP PROGRAM: SCHOLARSHIP 9,000
CARNEGIE MELLON UNIVERSITY ITF MARE


5000 FOREBES AVENUE
PITTSBURGH,PA15213 		NONE I SCHOLARSHIP PROGRAM: SCHOLARSHIP 25,000
CASE WESTERN RESERVE UNIVERSITY ITF


10900 EUCLID AVE
CLEVELAND,OH44106 		NONE I SCHOLARSHIP PROGRAM: SCHOLARSHIP 16,550
CITY COLLEGE OF NEW YORK ITF RACHEA


160 CONVENT AVE
NEW YORK,NY10031 		NONE I SCHOLARSHIP PROGRAM: SCHOLARSHIP 3,132
CITY COLLEGE OF NEW YORK ITF SOPHIA


160 CONVENT AVE
NEW YORK,NY10031 		NONE I SCHOLARSHIP PROGRAM: SCHOLARSHIP 5,000
CLARK UNIVERSITY ITF BLERINA ILJAS


950 MAIN ST
WORCESTER,MA01610 		NONE I SCHOLARSHIP PROGRAM: SCHOLARSHIP 4,000
COLLEGE OF THE HOLY CROSS ITF FABJO


1 COLLEGE ST
WORCESTER,MA01610 		NONE I SCHOLARSHIP PROGRAM: SCHOLARSHIP 25,000
COLLEGE OF THE HOLY CROSS ITF JANCA


1 COLLEGE ST
WORCESTER,MA01610 		NONE I SCHOLARSHIP PROGRAM: SCHOLARSHIP 25,000
COLLEGE OF THE HOLY CROSS ITF KEVIN


1 COLLEGE ST
WORCESTER,MA01610 		NONE I SCHOLARSHIP PROGRAM: SCHOLARSHIP 25,000
COLLEGE OF THE HOLY CROSS ITF MARIA


1 COLLEGE ST
WORCESTER,MA01610 		NONE I SCHOLARSHIP PROGRAM: SCHOLARSHIP 12,000
COLLEGE OF THE HOLY CROSS ITF NICOL


1 COLLEGE ST
WORCESTER,MA01610 		NONE I SCHOLARSHIP PROGRAM: SCHOLARSHIP 10,000
COLLEGE OF THE HOLY CROSS ITF STEPH


1 COLLEGE ST
WORCESTER,MA01610 		NONE I SCHOLARSHIP PROGRAM: SCHOLARSHIP 25,000
COLUMBIA UNIVERSITY ITF DARIEL ESPI


116TH ST BROADWAY
NEW YORK,NY10027 		NONE I SCHOLARSHIP PROGRAM: SCHOLARSHIP 2,000
COLUMBIA UNIVERSITY ITF JOSE REGALA


116TH ST BROADWAY
NEW YORK,NY10027 		NONE I SCHOLARSHIP PROGRAM: SCHOLARSHIP 25,000
DELAWARE STATE UNIVERSITY ITF TAYLO


1200 N DUPONT HWY
DOVER,DE19901 		NONE I SCHOLARSHIP PROGRAM: SCHOLARSHIP 25,000
DREXEL UNIVERSITY ITF JESSICA ABU


3141 CHESTNUT ST
PHILADELPHIA,PA19104 		NONE I SCHOLARSHIP PROGRAM: SCHOLARSHIP 25,000
DREXEL UNIVERSITY ITF LOIS DIVOLL


3141 CHESTNUT ST
PHILADELPHIA,PA19104 		NONE I SCHOLARSHIP PROGRAM: SCHOLARSHIP 25,000
FASHION INSTITUTE OF TECHNOLOGY ITF


227 W 27TH ST
NEW YORK,NY10001 		NONE I SCHOLARSHIP PROGRAM: SCHOLARSHIP 10,000
FASHION INSTITUTE OF TECHNOLOGY ITF


227 W 27TH ST
NEW YORK,NY10001 		NONE I SCHOLARSHIP PROGRAM: SCHOLARSHIP 19,500
FLORIDA INTERNATIONAL UNIVERSITY IT


11200 SW 8TH ST
MIAMI,FL33199 		NONE I SCHOLARSHIP PROGRAM: SCHOLARSHIP 25,000
FORDHAM UNIVERSITY ITF EMMA JALBERT


441 E FORDHAM ROAD
BRONX,NY10458 		NONE I SCHOLARSHIP PROGRAM: SCHOLARSHIP 25,000
HOBART AND WILLIAM SMITH COLLEGES I


300 PULTENEY ST
GENEVA,NY14456 		NONE I SCHOLARSHIP PROGRAM: SCHOLARSHIP 21,449
HOWARD UNIVERSITY ITF ELSIE FUAKYE


2400 6TH STREET NW
WASHINGTON,DC20059 		NONE I SCHOLARSHIP PROGRAM: SCHOLARSHIP 25,000
HOWARD UNIVERSITY ITF GIA HAN LE


2400 6TH STREET NW
WASHINGTON,DC20059 		NONE I SCHOLARSHIP PROGRAM: SCHOLARSHIP 2,000
HOWARD UNIVERSITY ITF KAYLA SMITH


2400 6TH STREET NW
WASHINGTON,DC20059 		NONE I SCHOLARSHIP PROGRAM: SCHOLARSHIP 20,000
HOWARD UNIVERSITY ITF PRISCILLA OBE


2400 6TH STREET NW
WASHINGTON,DC20059 		NONE I SCHOLARSHIP PROGRAM: SCHOLARSHIP 25,000
IONA COLLEGE ITF ALESSANDRO COCKING


715 NORTH AVENUE
NEW ROCHELLE,NY10801 		NONE I SCHOLARSHIP PROGRAM: SCHOLARSHIP 12,328
IONA COLLEGE ITF ANGELIS CALDERON


715 NORTH AVENUE
NEW ROCHELLE,NY10801 		NONE I SCHOLARSHIP PROGRAM: SCHOLARSHIP 25,000
IONA COLLEGE ITF CECELIA BARRETT


715 NORTH AVENUE
NEW ROCHELLE,NY10801 		NONE I SCHOLARSHIP PROGRAM: SCHOLARSHIP 37,700
IONA COLLEGE ITF ELA HOXHAJ


715 NORTH AVENUE
NEW ROCHELLE,NY10801 		NONE I SCHOLARSHIP PROGRAM: SCHOLARSHIP 3,521
JAMES MADISON UNIVERSITY ITF MARGAR


800 S MAIN ST
HARRISONBURG,VA22807 		NONE I SCHOLARSHIP PROGRAM: SCHOLARSHIP 25,000
JOHN JAY COLLEGE OF CRIMINAL JUSTIC


24 W 59TH ST
NEW YORK,NY10019 		NONE I SCHOLARSHIP PROGRAM: SCHOLARSHIP 7,470
LEHIGH UNIVERSITY ITF KASEY VANEGAS


27 MEMORIAL DR W
BETHLEHEM,PA18015 		NONE I SCHOLARSHIP PROGRAM: SCHOLARSHIP 25,000
LEHMAN COLLEGE ITF BRIANNE BARREDO


250 BEDFORD PARK BLVD W
BRONX,NY10468 		NONE I SCHOLARSHIP PROGRAM: SCHOLARSHIP 7,271
LEHMAN COLLEGE ITF CHRISTOPHER O'BU


250 BEDFORD PARK BLVD W
BRONX,NY10468 		NONE I SCHOLARSHIP PROGRAM: SCHOLARSHIP 12,591
LEHMAN COLLEGE ITF MIKITA VARUGHESE


250 BEDFORD PARK BLVD W
BRONX,NY10468 		NONE I SCHOLARSHIP PROGRAM: SCHOLARSHIP 5,739
LEHMAN COLLEGE ITF RAMEZ DABABNEH


250 BEDFORD PARK BLVD W
BRONX,NY10468 		NONE I SCHOLARSHIP PROGRAM: SCHOLARSHIP 5,000

MANHATTAN COLLEGE

250 BEDFORD PARK BLVD W
BRONX,NY10468 		N/A PC ENDOWMENT 25,000
MANHATTAN COLLEGE ITF EMMA GLEESON


4513 MANHATTAN COLLEGE PKWY
BRONX,NY10471 		NONE I SCHOLARSHIP PROGRAM: SCHOLARSHIP 33,000
MANHATTAN COLLEGE ITF EMMA REYNOLDS


4513 MANHATTAN COLLEGE PKWY
BRONX,NY10471 		NONE I SCHOLARSHIP PROGRAM: SCHOLARSHIP 25,000
MANHATTAN COLLEGE ITF JASON T SILVA


4513 MANHATTAN COLLEGE PKWY
BRONX,NY10471 		NONE I SCHOLARSHIP PROGRAM: SCHOLARSHIP 50,000
MANHATTANVILLE COLLEGE ITF LARISSA


2900 PURCHASE ST
PURCHASE,NY10577 		NONE I SCHOLARSHIP PROGRAM: SCHOLARSHIP 25,000
MERCY COLLEGE ITF JAYNA MARTINEZ


555 BROADWAY
DOBBS FERRY,NY10522 		NONE I SCHOLARSHIP PROGRAM: SCHOLARSHIP 25,000
MONROE COLLEGE ITF DENEL NEWTON


2501 JEROME AVE
BRONX,NY10468 		NONE I SCHOLARSHIP PROGRAM: SCHOLARSHIP 25,000
MOUNT SAINT MARY COLLEGE ITF ANA ND


330 POWELL AVE
NEWBURGH,NY12550 		NONE I SCHOLARSHIP PROGRAM: SCHOLARSHIP 25,000
MOUNT SAINT MARY COLLEGE ITF ERIK A


330 POWELL AVE
NEWBURGH,NY12550 		NONE I SCHOLARSHIP PROGRAM: SCHOLARSHIP 25,000
NEW YORK UNIVERSITY ITF DIAMOND BRO


25 WEST 4TH STREET
NEW YORK,NY10012 		NONE I SCHOLARSHIP PROGRAM: SCHOLARSHIP 10,000
NEW YORK UNIVERSITY ITF JOEL MENDOZ


25 WEST 4TH STREET
NEW YORK,NY10012 		NONE I SCHOLARSHIP PROGRAM: SCHOLARSHIP 10,000
NORTHEASTERN UNIVERSITY ITF LINDSEY


360 HUNTINGTON AVE
BOSTON,MA02115 		NONE I SCHOLARSHIP PROGRAM: SCHOLARSHIP 32,275
NORTHEASTERN UNIVERSITY ITF MABI MO


360 HUNTINGTON AVE
BOSTON,MA02115 		NONE I SCHOLARSHIP PROGRAM: SCHOLARSHIP 25,000
NORTHEASTERN UNIVERSITY ITF VALERIA


360 HUNTINGTON AVE
BOSTON,MA02115 		NONE I SCHOLARSHIP PROGRAM: SCHOLARSHIP 25,000

OHIO WESLEYAN UNIVERSITY

45 WYLLYS AVE
MIDDLETOWN,CT06459 		N/A PC ENDOWMENT 160,000
PACE UNIVERSITY ITF EMMA MERNACI


ONE PACE PLAZA
NEW YORK,NY10038 		NONE I SCHOLARSHIP PROGRAM: SCHOLARSHIP 16,000
PRINCETON UNIVERSITY ITF SOKOL HOXH


701 CARNEGIE CENTER SUITE 445
PRINCETON,NJ08540 		NONE I SCHOLARSHIP PROGRAM: SCHOLARSHIP 25,000
PROVIDENCE COLLEGE ITF TRISHA FYNN


1 CUNNINGHAM SQ
PROVIDENCE,RI02918 		NONE I SCHOLARSHIP PROGRAM: SCHOLARSHIP 25,000
RENSSELAER POLYTECHNIC INSTITUTE IT


110 EIGHTH STREET
TROY,NY12180 		NONE I SCHOLARSHIP PROGRAM: SCHOLARSHIP 25,000
SALEM STATE UNIVERSITY ITF EMELINE


352 LAFAYETTE ST
SALEM,MA01970 		NONE I SCHOLARSHIP PROGRAM: SCHOLARSHIP 25,000
SARAH LAWRENCE COLLEGE ITF JAYLENE


1 MEAD WAY
BRONXVILLE,NY10708 		NONE I SCHOLARSHIP PROGRAM: SCHOLARSHIP 15,000
SCHOOL OF VISUAL ARTS ITF KARIZMA F


209 E 23RD ST
NEW YORK,NY10010 		NONE I SCHOLARSHIP PROGRAM: SCHOLARSHIP 25,000
SKIDMORE COLLEGE ITF OPEYEMI MAJIYA


815 N BROADWAY
SARATOGA SPRINGS,NY12866 		NONE I SCHOLARSHIP PROGRAM: SCHOLARSHIP 25,000

ST NICHOLAS OF TOLENTINE CATHOLIC ACADEMY

8022 PARSONS BLVD
JAMAICA,NY11432 		N/A PC ENDOWMENT 25,000
STONY BROOK UNIVERSITY ITF DANIELLE


100 NICOLLS RD
STONY BROOK,NY11794 		NONE I SCHOLARSHIP PROGRAM: SCHOLARSHIP 25,000
STONY BROOK UNIVERSITY ITF SAMANTHA


100 NICOLLS RD
STONY BROOK,NY11794 		NONE I SCHOLARSHIP PROGRAM: SCHOLARSHIP 25,000
SUFFOLK UNIVERSITY ITF ASHLEY GONZA


8 ASHBURTON PLACE
BOSTON,MA02108 		NONE I SCHOLARSHIP PROGRAM: SCHOLARSHIP 5,000
SUNY AT ALBANY ITF EMELIE LUZON


1400 WASHINGTON AVE
ALBANY,NY12222 		NONE I SCHOLARSHIP PROGRAM: SCHOLARSHIP 25,000
SUNY AT ALBANY ITF MEGAN CINTRON


1400 WASHINGTON AVE
ALBANY,NY12222 		NONE I SCHOLARSHIP PROGRAM: SCHOLARSHIP 25,000
SUNY AT ALBANY ITF NEVAEH BOYRIE


1400 WASHINGTON AVE
ALBANY,NY12222 		NONE I SCHOLARSHIP PROGRAM: SCHOLARSHIP 25,000
SUNY AT BINGHAMTON UNIVERSITY ITF A


96 CORLISS AVE
JOHNSON CITY,NY13790 		NONE I SCHOLARSHIP PROGRAM: SCHOLARSHIP 25,000
SUNY AT BINGHAMTON UNIVERSITY ITF J


96 CORLISS AVE
JOHNSON CITY,NY13790 		NONE I SCHOLARSHIP PROGRAM: SCHOLARSHIP 25,000
SUNY AT BINGHAMTON UNIVERSITY ITF J


96 CORLISS AVE
JOHNSON CITY,NY13790 		NONE I SCHOLARSHIP PROGRAM: SCHOLARSHIP 25,000
SUNY AT BINGHAMTON UNIVERSITY ITF J


96 CORLISS AVE
JOHNSON CITY,NY13790 		NONE I SCHOLARSHIP PROGRAM: SCHOLARSHIP 15,000
SUNY AT BINGHAMTON UNIVERSITY ITF M


96 CORLISS AVE
JOHNSON CITY,NY13790 		NONE I SCHOLARSHIP PROGRAM: SCHOLARSHIP 15,822
SUNY AT BINGHAMTON UNIVERSITY ITF T


96 CORLISS AVE
JOHNSON CITY,NY13790 		NONE I SCHOLARSHIP PROGRAM: SCHOLARSHIP 25,000
SUNY AT NEW PALTZ ITF ANIAYAH WORRE


1 HAWK DR
NEW PALTZ,NY12561 		NONE I SCHOLARSHIP PROGRAM: SCHOLARSHIP 25,000
UNION COLLEGE ITF TYLER DUONOLA


310 COLLEGE STREET
BARBOURVILLE,KY40906 		NONE I SCHOLARSHIP PROGRAM: SCHOLARSHIP 10,000
UNIVERSITY OF BUFFALO ITF CHIJINDU


12 CAPEN HALL
BUFFALO,NY14260 		NONE I SCHOLARSHIP PROGRAM: SCHOLARSHIP 25,000
UNIVERSITY OF BUFFALO ITF SVIATOSLA


12 CAPEN HALL
BUFFALO,NY14260 		NONE I SCHOLARSHIP PROGRAM: SCHOLARSHIP 16,917
UNIVERSITY OF CENTRAL FLORIDA ITF A


4000 CENTRAL FLORIDA BLVD
ORLANDO,FL32816 		NONE I SCHOLARSHIP PROGRAM: SCHOLARSHIP 25,000
UNIVERSITY OF MASSACHUSETTS AMHERST


134 HICKS WAY
AMHERST,MA01003 		NONE I SCHOLARSHIP PROGRAM: SCHOLARSHIP 25,000
UNIVERSITY OF MASSACHUSETTS AMHERST


134 HICKS WAY
AMHERST,MA01003 		NONE I SCHOLARSHIP PROGRAM: SCHOLARSHIP 20,000
UNIVERSITY OF MASSACHUSETTS AMHERST


134 HICKS WAY
AMHERST,MA01003 		NONE I SCHOLARSHIP PROGRAM: SCHOLARSHIP 20,000
UNIVERSITY OF MASSACHUSETTS AMHERST


134 HICKS WAY
AMHERST,MA01003 		NONE I SCHOLARSHIP PROGRAM: SCHOLARSHIP 25,000
UNIVERSITY OF MASSACHUSETTS AMHERST


134 HICKS WAY
AMHERST,MA01003 		NONE I SCHOLARSHIP PROGRAM: SCHOLARSHIP 6,700
UNIVERSITY OF MASSACHUSETTS AMHERST


134 HICKS WAY
AMHERST,MA01003 		NONE I SCHOLARSHIP PROGRAM: SCHOLARSHIP 25,000
UNIVERSITY OF MASSACHUSETTS AMHERST


134 HICKS WAY
AMHERST,MA01003 		NONE I SCHOLARSHIP PROGRAM: SCHOLARSHIP 25,000
UNIVERSITY OF MASSACHUSETTS LOWELL


201 ALUMNI HALL ONE UNIVERSITY AVE
LOWELL,MA01854 		NONE I SCHOLARSHIP PROGRAM: SCHOLARSHIP 15,000
UNIVERSITY OF MOUNT SAINT VINCENT I


6301 RIVERDALE AVE
BRONX,NY10471 		NONE I SCHOLARSHIP PROGRAM: SCHOLARSHIP 4,833
UNIVERSITY OF NOTRE DAME ITF JEREMI


HOLY CROSS DR
NOTRE DAME,IN46556 		NONE I SCHOLARSHIP PROGRAM: SCHOLARSHIP 25,000
UNIVERSITY OF TAMPA ITF ANGELA CELI


401 W KENNEDY BLVD
TAMPA,FL33606 		NONE I SCHOLARSHIP PROGRAM: SCHOLARSHIP 14,915
UNIVERSITY OF TORONTO ITF CEDRIC JI


58 WEST 84TH ST 2F
NEW YORK,NY10024 		NONE I SCHOLARSHIP PROGRAM: SCHOLARSHIP 25,000
VASSAR COLLEGE ITF ASIYAH ABBAS


124 RAYMOND AVE
POUGHKEEPSIE,NY12604 		NONE I SCHOLARSHIP PROGRAM: SCHOLARSHIP 25,000
WESLEYAN UNIVERSITY ITF VANESSA MUN


45 WYLLYS AVE
MIDDLETOWN,CT06459 		NONE I SCHOLARSHIP PROGRAM: SCHOLARSHIP 25,000
WESTFIELD STATE UNIVERSITY ITF RAYN


577 WESTERN AVE
WESTFIELD,MA01086 		NONE I SCHOLARSHIP PROGRAM: SCHOLARSHIP 20,000
WORCESTER POLYTECHNIC INSTITUTE ITF


100 INSTITUTE RD
WORCESTER,MA01609 		NONE I SCHOLARSHIP PROGRAM: SCHOLARSHIP 25,000
WORCESTER POLYTECHNIC INSTITUTE ITF


100 INSTITUTE RD
WORCESTER,MA01609 		NONE I SCHOLARSHIP PROGRAM: SCHOLARSHIP 25,000
YALE UNIVERSITY ITF PHUC DUONG


NEW HAVEN
NEW HAVEN,CT06520 		NONE I SCHOLARSHIP PROGRAM: SCHOLARSHIP 10,000
Total .................................right arrow 3a 2,246,607
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 ........... 		         
4 Dividends and interest from securities ....     14 582,686  
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 ............ 		    18 773,752  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aGRANT RECOVERY 		    01 48,982  
bOTHER INCOME     01 659  
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 1,406,079 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,406,079
(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

TY 2023 AccountingFeesSchedule
Name:
SMALLEY FOUNDATION INC
EIN:
13-6225947
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX PREPARATION SERVICES 12,215 0   12,215

TY 2023 InvestmentsCorpBondsSchedule
Name:
SMALLEY FOUNDATION INC
EIN:
13-6225947
Name of Bond End of Year Book Value End of Year Fair Market Value
AERCAP IRELAND CAP/GLOB 3.300% JAN 30 2032 (00774MAX3) 60,000.000 QUANTITY 52,280 52,280
AMERICAN EXPRES ABS 2021 0.900% NOV 15 2026 (02582JJR2) 175,000.000 QUANTITY 168,694 168,694
AMGEN INC GLB 5.250% MAR 02 2033 (031162DR8) 80,000.000 QUANTITY 82,135 82,135
APPLE INC GLB 3.350% AUG 08 2032 (037833EP1) 45,000.000 QUANTITY 42,343 42,343
BANK MONTREAL UNSECD 2.500% JUN 28 2024 (06367WMQ3) 120,000.000 QUANTITY 118,220 118,220
BK OF NOVA SCOTIA UNSEC 1.350% JUN 23 2023 (0641594A1) 115,000.000 QUANTITY 105,713 105,713
CAPITAL ONE FINANCIAL CO VAR% JUN 08 2029 (14040HCZ6) 80,000.000 QUANTITY 82,182 82,182
CAPITAL ONE MUL ABS 2022 3.490% MAY 15 2027 (14041NGA3) 175,000.000 QUANTITY 171,729 171,729
COMCAST CORP CO GLB 4.800% MAY 15 2033 (20030NEE7) 40,000.000 QUANTITY 40,572 40,572
ENERGY TR OPER LP UNS SR 3.750% MAY 15 2030 (29278NAQ6) 45,000.000 QUANTITY 41,860 41,860
ENTERPRISE PROD OPER CO 3.125% JUL 31 2029 (29379VBV4) 80,000.000 QUANTITY 74,910 74,910
GM FINANCIAL LEABS2023 5.160% APR 20 2026 (362541AD6) 150,000.000 QUANTITY 149,989 149,989
GOLDMAN SACHS GP IN UN SR 3.500% APR 01 2025 (38141GXJ8) 11,000.000 QUANTITY 10,752 10,752
GOLDMAN SACHS GP IN UN SR 3.850% JAN 26 2027 (38141GWB6) 70,000.000 QUANTITY 68,093 68,093
HCA INC 5.375% FEB 01 2025 (404119BR9) 85,000.000 QUANTITY 84,887 84,887
JP MORGAN CHASE & CO VAR % JUN 01 2025 (46647PCH7) 129,000.000 QUANTITY 126,245 126,245
JPMBB COML MTG SECS TR 3.428% AUG 15 2047 (46642EAZ9) 7,641.820 QUANTITY 7,608 7,608
JPMBB COML MTG SECS TR 3.774% AUG 15 2047 (46642EAY2) 116,000.000 QUANTITY 114,486 114,486
MORGAN STANLEY 4.000% JULY 23 2025 (6174468C6) 100,000.000 QUANTITY 98,573 98,573
NEXTERA ENERGY CAPITAL CO 1.875% JAN 15 2027 (65339KBY5) 79,000.000 QUANTITY 72,687 72,687
PARKER-HANNFIN CORP 4.250% SEP 15 2027 (701094AR5) 40,000.000 QUANTITY 39,679 39,679
PHILIP MORRIS INTL INC GL 5.625% NOV 17 2029 (718172CW7) 80,000.000 QUANTITY 83,979 83,979
SHIRE ACQ INV IRELAND DA 3.200% SEP 23 2026 (82481LAD1) 40,000.000 QUANTITY 38,488 38,488
TARGA RESOURCES PARTNERS 6.150% MAR 01 2029 (87612GAE1) 40,000.000 QUANTITY 41,879 41,879
UNITEDHEALTH GROUP INC GL 4.500% APR 15 2033 (91324PEV0) 40,000.000 QUANTITY 39,814 39,814
US BANCORP 1.450% MAY 12 2025 (91159HHZ6) 120,000.000 QUANTITY 114,224 114,224
WARNERMEDIA HOLDINGS INC 6.412% MAR152026 (55903VBG7) 74,000.000 QUANTITY 74,032 74,032
WELLS FARGO COML MTG TR 3.324% JAN 15 2059 (94989YBA0) 38,120.910 QUANTITY 37,312 37,312

TY 2023 InvestmentsCorpStockSchedule
Name:
SMALLEY FOUNDATION INC
EIN:
13-6225947
Name of Stock End of Year Book Value End of Year Fair Market Value
ABBOTT LABORATORIES (ABT) 18,275.000 SHARES 2,011,529 2,011,529
ADOBE INC. (ADBE) 400.000 SHARES 238,640 238,640
AGILENT TECHNOLOGIES, INC. (A) 2,000.000 SHARES 278,060 278,060
ALPHABET INC. (GOOG) 6,000.000 SHARES 845,581 845,581
ALPHABET INC. (GOOGL) 20,940.000 SHARES 2,925,109 2,925,109
AMERICAN EXPRESS COMPANY (AXP) 1,000.000 SHARES 187,340 187,340
AMPHENOL CORPORATION (APH) 5,600.000 SHARES 555,128 555,128
ANALOG DEVICES, INC. (ADI) 1,000.000 SHARES 198,560 198,560
APPLE INC. (AAPL) 15,895.000 SHARES 3,060,264 3,060,264
BERKSHIRE HATHAWAY INC. (BRK-A) 3.000 SHARES 1,627,875 1,627,875
BLACKROCK, INC. (BLK) 78.000 SHARES 63,320 63,320
BOOZ ALLEN HAMILTON HOLDING CORPORATION (BAH) 1,000.000 SHARES 127,910 127,910
CARRIER GLOBAL CORPORATION (CARR) 5,515.000 SHARES 316,837 316,837
CHURCH & DWIGHT CO., INC. (CHD) 2,200.000 SHARES 208,032 208,032
CISCO SYSTEMS, INC. (CSCO) 8,000.000 SHARES 404,160 404,160
COLGATE-PALMOLIVE COMPANY (CL) 9,625.000 SHARES 767,209 767,209
DANAHER CORPORATION (DHR) 770.000 SHARES 178,132 178,132
ECOLAB INC. (ECL) 1,200.000 SHARES 238,020 238,020
ELI LILLY AND COMPANY (LLY) 1,400.000 SHARES 816,089 816,089
FORTIVE CORPORATION (FTV) 622.000 SHARES 45,798 45,798
HONEYWELL INTERNATIONAL INC. (HON) 400.000 SHARES 83,884 83,884
IDEX CORPORATION (IEX) 1,000.000 SHARES 217,110 217,110
JOHNSON & JOHNSON (JNJ) 949.000 SHARES 148,746 148,746
JPMORGAN CHASE & CO. (JPM) 10,653.000 SHARES 1,812,075 1,812,075
KENVUE INC. (KVUE) 1,007.000 SHARES 21,681 21,681
L3HARRIS TECHNOLOGIES, INC. (LHX) 800.000 SHARES 168,496 168,496
MARKEL CORPORATION (MKL) 300.000 SHARES 425,970 425,970
MCDONALD'S CORPORATION (MCD) 5,600.000 SHARES 1,660,456 1,660,456
MICROSOFT CORPORATION (MSFT) 1,600.000 SHARES 601,664 601,664
MONDELEZ INTERNATIONAL, INC. (MDLZ) 12,000.000 SHARES 869,160 869,160
NESTLE S.A. (NSRGY) 9,785.000 SHARES 1,131,440 1,131,440
NEXTERA ENERGY, INC. (NEE) 4,200.000 SHARES 255,108 255,108
OTIS WORLDWIDE CORPORATION (OTIS) 2,757.000 SHARES 246,669 246,669
PEPSICO, INC. (PEP) 5,794.000 SHARES 984,053 984,053
PROGRESSIVE CRP OHIO (PGR) 2,500.000 SHARES 398,200 398,200
PROLOGIS, INC. (PLD) 1,400.000 SHARES 186,620 186,620
RTX CORPORATION (RTX) 4,000.000 SHARES 336,560 336,560
SALESFORCE.COM, INC. (CRM) 300.000 SHARES 78,942 78,942
STARBUCKS CORPORATION (SBUX) 1,450.000 SHARES 139,215 139,215
STERIS PLC (STE) 1,000.000 SHARES 219,850 219,850
STRYKER CORPORATION (SYK) 1,000.000 SHARES 299,460 299,460
TELEFLEX INCORPORATED (TFX) 600.000 SHARES 149,604 149,604
TEXAS INSTRUMENTS INCORPORATED (TXN) 900.000 SHARES 153,414 153,414
UNION PACIFIC CORPORATION (UNP) 865.000 SHARES 212,461 212,461
VERALTO CORPORATION (VLTO) 256.000 SHARES 21,059 21,059
VISA INC. (V) 10,405.000 SHARES 2,708,942 2,708,942
WASTE MANAGEMENT, INC. (WM) 800.000 SHARES 143,280 143,280

TY 2023 InvestmentsGovtObligationsSch
Name:
SMALLEY FOUNDATION INC
EIN:
13-6225947
US Government Securities - End of Year Book Value:

2,252,864
US Government Securities - End of Year Fair Market Value:

2,252,864
State & Local Government Securities - End of Year Book Value:


0
State & Local Government Securities - End of Year Fair Market Value:


0


TY 2023 InvestmentsOtherSchedule2
Name:
SMALLEY FOUNDATION INC
EIN:
13-6225947
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
FEDERAL HOME LN MTG CORP 1.500% OCT 01 2035 (3132D56J6) 285,663.580 QUANTITY FMV 250,052 250,052
FEDERAL HOME LN MTG CORP 3.000% 2052 (3132DNXK4) 231,200.843 QUANTITY FMV 205,641 205,641
FEDERAL HOME LN MTG CORP 3.500% 2052 (3133KN4M2) 298,209.394 QUANTITY FMV 275,329 275,329
FEDERAL HOME LN MTG CORP 4.000% JUN 01 2045 (31335ACS5) 65,892.945 QUANTITY FMV 63,698 63,698
FEDERAL HOME LN MTG CORP 4.500% OCT 01 2041 (31335ARE0) 61,803.417 QUANTITY FMV 61,880 61,880
FEDERAL NATL MTG ASSN 2.000% AUG 01 2050 (3140KELG1) 189,020.082 QUANTITY FMV 155,590 155,590
FEDERAL NATL MTG ASSN 2.500% 2050 (3140QGBA4) 89,160.925 QUANTITY FMV 76,241 76,241
FEDERAL NATL MTG ASSN 2.500% 2051 (3140XGGS2) 234,715.890 QUANTITY FMV 200,878 200,878
FEDERAL NATL MTG ASSN 2.500% MAY 01 2050 (3140QDKP8) 102,510.568 QUANTITY FMV 88,521 88,521
FEDERAL NATL MTG ASSN 3.000% 2052 (3140MHTE9) 252,482.690 QUANTITY FMV 224,949 224,949
FEDERAL NATL MTG ASSN 3.500% 2049 (3140QBIY4) 302,737.775 QUANTITY FMV 282,130 282,130
FEDERAL NATL MTG ASSN 3.500% 2052 (3140MP6E6) 291,528.251 QUANTITY FMV 267,829 267,829
FEDERAL NATL MTG ASSN 3.500% 2052 (3140QNUG5) 224,786.834 QUANTITY FMV 206,525 206,525
ISHARES CORE S&P 500 ETF (IVV) 1,500.000 SHARES FMV 716,445 716,445

TY 2023 OtherAssetsSchedule
Name:
SMALLEY FOUNDATION INC
EIN:
13-6225947
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
ACCRUED INTEREST AND DIVIDENDS 49,986 54,534 54,534
PREPAID FEDERAL EXCISE TAX 21,724 10,924 10,924


TY 2023 OtherDecreasesSchedule
Name:
SMALLEY FOUNDATION INC
EIN:
13-6225947
Description Amount
DEFERRED FEDERAL EXCISE TAX EXPENSE 66,247


TY 2023 OtherExpensesSchedule
Name:
SMALLEY FOUNDATION INC
EIN:
13-6225947
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
BANK FEES 34 0   34
FILING FEES 750 0   750
INSURANCE 3,456 0   3,456
OFFICE AND OTHER EXPENSES 87,721 0   87,721


TY 2023 OtherIncomeSchedule2
Name:
SMALLEY FOUNDATION INC
EIN:
13-6225947
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
GRANT RECOVERY 48,982   48,982
OTHER INCOME 659   659


TY 2023 OtherIncreasesSchedule
Name:
SMALLEY FOUNDATION INC
EIN:
13-6225947
Description Amount
UNREALIZED GAIN ON INVESTMENTS 4,765,935


TY 2023 OtherLiabilitiesSchedule
Name:
SMALLEY FOUNDATION INC
EIN:
13-6225947
Description Beginning of Year - Book Value End of Year - Book Value
DEFERRED FEDERAL EXCISE TAX 166,478 232,725


TY 2023 OtherProfessionalFeesSchedule
Name:
SMALLEY FOUNDATION INC
EIN:
13-6225947
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT 174,389 174,389   0


TY 2023 TaxesSchedule
Name:
SMALLEY FOUNDATION INC
EIN:
13-6225947
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL EXCISE TAX 25,800 0   0