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
THE PETROCELLI FAMILY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)9 PARK PLACE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
GREAT NECK, NY110215030
A Employer identification number

20-1690418
B Telephone number (see instructions)

(516) 466-6464
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$27,693,286J 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) 1,693,400
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 1,270,130 1,270,130  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,912,099
b Gross sales price for all assets on line 6a 3,229,260
7 Capital gain net income (from Part IV, line 2)... 1,912,099
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
21,488 17,459  
12 Total. Add lines 1 through 11........ 4,897,117 3,199,688  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
698 0   698
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
19,275 0   19,275
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
20,057 2,557   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
2,665 1,681   29
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 42,695 4,238   20,002
25 Contributions, gifts, grants paid....... 1,667,130 1,666,130
26 Total expenses and disbursements. Add lines 24 and 25 1,709,825 4,238   1,686,132
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 3,187,292
b Net investment income (if negative, enter -0-) 3,195,450
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............. 34,571    
2 Savings and temporary cash investments......... 243,937 233,483 233,483
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)      
b Investments—corporate stock (attach schedule)....... 15,128,015 Click to see attachment
List of Attached Documents:
// Content
18,654,873 		18,654,873
c Investments—corporate bonds (attach schedule)....... 8,022,371 Click to see attachment
List of Attached Documents:
// Content
8,784,853 		8,784,853
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).......... 621,278 Click to see attachment
List of Attached Documents:
// Content
20,077 		20,077
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) 24,050,172 27,693,286 27,693,286
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...........    
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........ 24,050,172 27,693,286
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 0 0
29 Total net assets or fund balances (see instructions)..... 24,050,172 27,693,286
30 Total liabilities and net assets/fund balances (see instructions). 24,050,172 27,693,286
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
24,050,172
2
Enter amount from Part I, line 27a .....................
2
3,187,292
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
455,822
4
Add lines 1, 2, and 3 ..........................
4
27,693,286
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
27,693,286
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 GE HEALTHCARE TECHNOLOGI: GEHC P 2008-11-20 2023-01-03
b VERITIV CORP XXXMANDATORY MERGER P 2008-11-21 2023-11-30
c ESCROW PENNEY J C CO INC P 2012-12-19 2023-10-13
d NATHANS FAMOUS INC NEW D 2015-03-13 2021-09-28
e NATHANS FAMOUS INC NEW D 2015-03-13 2023-10-20
NATHANS FAMOUS INC NEW D 2015-03-13 2023-10-27
NATHANS FAMOUS INC NEW D 2015-03-13 2023-10-27
NATHANS FAMOUS INC NEW D 2015-03-13 2023-10-27
NATHANS FAMOUS INC NEW D 2015-03-13 2023-10-30
NATHANS FAMOUS INC NEW D 2015-03-13 2023-10-30
NATHANS FAMOUS INC NEW D 2015-03-13 2023-10-31
NATHANS FAMOUS INC NEW D 2015-03-13 2023-11-01
NATHANS FAMOUS INC NEW D 2015-03-13 2023-11-01
NATHANS FAMOUS INC NEW D 2015-03-13 2023-11-03
NATHANS FAMOUS INC NEW D 2015-03-13 2023-11-03
NATHANS FAMOUS INC NEW D 2015-03-13 2023-11-09
NATHANS FAMOUS INC NEW D 2015-03-13 2023-11-13
NATHANS FAMOUS INC NEW D 2015-03-13 2023-11-14
NATHANS FAMOUS INC NEW D 2015-03-13 2023-11-14
NATHANS FAMOUS INC NEW D 2015-03-13 2023-11-14
NATHANS FAMOUS INC NEW D 2015-03-13 2023-11-15
NATHANS FAMOUS INC NEW D 2015-03-13 2023-11-15
NATHANS FAMOUS INC NEW D 2015-03-13 2023-11-16
NATHANS FAMOUS INC NEW D 2015-03-13 2023-11-17
NATHANS FAMOUS INC NEW D 2015-03-13 2023-11-20
NATHANS FAMOUS INC NEW D 2015-03-13 2023-11-22
ASTRAZENECA PLC SPON ADR P 2016-05-18 2023-12-21
BLACKSTONE INC CL A P 2019-01-25 2023-12-21
BP PLC SPON ADR P 2010-05-11 2023-12-21
BP PLC SPON ADR P 2012-12-21 2023-12-21
BP PLC SPON ADR P 2013-09-20 2023-12-21
BP PLC SPON ADR P 2014-06-20 2023-12-21
BP PLC SPON ADR P 2014-09-19 2023-12-21
BP PLC SPON ADR P 2015-06-19 2023-12-21
EXXON MOBIL CORP P 2021-06-07 2023-12-21
GLAXO WELLCOME PLC SPON ADR P 2015-09-30 2023-12-21
GLAXO WELLCOME PLC SPON ADR P 2016-05-18 2023-12-21
HALEON PLC SPON ADR P 2015-09-30 2023-12-21
HALEON PLC SPON ADR P 2016-05-18 2023-12-21
(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 20   23 -3
b 16,150   774 15,376
c     168,750 -168,750
d 73,783   1,209 72,574
e 31,654   589 31,065
63,894   1,179 62,715
63,899   1,179 62,720
26,160   476 25,684
38,634   703 37,931
17,519   317 17,202
19,152   347 18,805
157,862   2,842 155,020
132,654   2,387 130,267
97,178   1,736 95,442
17,692   316 17,376
183   3 180
27,087   485 26,602
86,816   1,551 85,265
131,999   2,356 129,643
80,717   1,441 79,276
51,176   915 50,261
6,384   113 6,271
816   15 801
59,146   1,050 58,096
12,510   223 12,287
120,778   2,133 118,645
332,742   143,698 189,044
622,375   133,890 488,485
6,395   8,957 -2,562
69   99 -30
69   100 -31
69   110 -41
69   111 -42
69   115 -46
371,865   223,363 148,502
146,477   156,258 -9,781
292,954   345,930 -52,976
40,748   34,668 6,080
81,496   76,750 4,746
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       -3
b       15,376
c       -168,750
d       72,574
e       31,065
      62,715
      62,720
      25,684
      37,931
      17,202
      18,805
      155,020
      130,267
      95,442
      17,376
      180
      26,602
      85,265
      129,643
      79,276
      50,261
      6,271
      801
      58,096
      12,287
      118,645
      189,044
      488,485
      -2,562
      -30
      -31
      -41
      -42
      -46
      148,502
      -9,781
      -52,976
      6,080
      4,746
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 1,912,099
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 44,417
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 44,417
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 44,417
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 16,948
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 72,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 88,948
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 44,531
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow44,531 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 arrowDE, NY
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 arrowMICHAEL WEINBAUM Telephone no.right arrow (516) 466-6464

Located atright arrow9 PARK PLACE 4TH FLGREAT NECKNY ZIP+4right arrow11021
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
ATTILIO PETROCELLI DIRECTOR
1.00 		0 0 0
9 PARK PLACE
GREAT NECK,NY110215030
JILL LAMORETTI DIRECTOR (END 4/12/2023)
1.00 		0 0 0
9 PARK PLACE
GREAT NECK,NY110215030
MICHAEL LAMORETTI DIRECTOR
1.00 		0 0 0
9 PARK PLACE
GREAT NECK,NY110215030
MELISSA WEINBAUM DIRECTOR
1.00 		0 0 0
9 PARK PLACE
GREAT NECK,NY110215030
MICHAEL J WEINBAUM DIRECTOR
1.00 		0 0 0
9 PARK PLACE
GREAT NECK,NY110215030
BRIANA R LAMORETTI DIRECTOR
1.00 		0 0 0
9 PARK PLACE
GREAT NECK,NY110215030
CAMRYN L WEINBAUM DIRECTOR
1.00 		0 0 0
9 PARK PLACE
GREAT NECK,NY110215030
VANESSA M LAMORETTI DIRECTOR (AS OF 4/12/2023)
1.00 		0 0 0
9 PARK PLACE
GREAT NECK,NY110215030
JARED G WEINBAUM DIRECTOR (AS OF 4/12/2023)
1.00 		0 0 0
9 PARK PLACE
GREAT NECK,NY110215030
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 NONE 0
2  
All other program-related investments. See instructions.
3 Click to see attachment
List of Attached Documents:
// Content
0
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
25,196,625
b
Average of monthly cash balances.......................
1b
284,085
c
Fair market value of all other assets (see instructions)................
1c
499,034
d
Total (add lines 1a, b, and c).........................
1d
25,979,744
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
25,979,744
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
389,696
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
25,590,048
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,279,502
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
1,279,502
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
44,417
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
44,417
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,235,085
4
Recoveries of amounts treated as qualifying distributions................
4
4,029
5
Add lines 3 and 4............................
5
1,239,114
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
1,239,114
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
1,686,132
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
1,686,132
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 1,239,114
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...... 967,492
b From 2019...... 1,218,929
c From 2020...... 1,203,486
d From 2021...... 274,004
e From 2022...... 434,881
f Total of lines 3a through e ........ 4,098,792
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 1,686,132
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..... 1,239,114
e Remaining amount distributed out of corpus 447,018
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 4,545,810
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) ... 		967,492
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		3,578,318
10 Analysis of line 9:
a Excess from 2019.... 1,218,929
b Excess from 2020.... 1,203,486
c Excess from 2021.... 274,004
d Excess from 2022.... 434,881
e Excess from 2023.... 447,018
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

NORTHWELL HEALTH FOUNDATION

972 BRUSH HOLLOW ROAD 5TH FL
WESTBURY,NY11590 		  PC ADVANCED SURGICAL PAVILION AND CHARITABLE 1,031,500

JUPITER MEDICAL CENTER FOUNDATION

1210 SOUTH OLD DIXIE HIGHWAY
JUPITER,FL33458 		  PC EMERGENCY SERVICES 500,000

FRIENDS OF THE ISRAEL DEFENSE FORCES

60 EAST 42ND STREET
NEW YORK,NY10165 		  PC CHARITABLE 75,000

ENDOMETRIOSIS FOUNDATION OF AMERICA

872 5TH AVE
NEW YORK,NY10065 		  PC CHARITABLE 17,750

GOLD COAST ART CENTER

113 MIDDLE NECK ROAD
GREAT NECK,NY11021 		  PC CHARITABLE 10,000

UNITED JEWISH APPEAL FEDERATION OF JEWISH PHILANTHROPES OF NY INC

130 E 59TH ST
NEW YORK,NY10022 		  PC CHARITABLE 6,200

IMPACT ISRAEL

200 HIGHLAND AVE SUITE 301
NEEDHAM,MA12494 		  PC CHARITABLE 5,000

TEMPLE BETH-EL OF GREAT NECK

5 OLD MILL RD
GREAT NECK,NY11023 		  PC CHARITABLE 3,630

ALZHEIMER'S DRUG DISCOVERY FOUNDATION

57 WEST 57TH STREET SUITE 904
NEW YORK,NY10019 		  PC CHARITABLE 2,550

HADASSAH NASSAU

430 DEMOTT AVE STE 1
ROCKVILLE CENTRE,NY11570 		  PC CHARITABLE 1,800

CROHN'S & COLITIS FOUNDATION

120 BROADWAY 1050A
NEW YORK,NY10271 		  PC CHARITABLE 1,500

JEWISH COMMUNAL FUND

575 MADISON AVE STE 703
NEW YORK,NY100228591 		  PC CHARITABLE 1,500

THE AMERICAN CANCER SOCIETY

132 W 32ND ST
NEW YORK,NY10001 		  PC FMCC - BABES AGAINST CANCER 1,450

BREAST CANCER RESEARCH FOUNDATION

28 W 44TH ST 609
NEW YORK,NY10036 		  PC PINK PROMISED CAMPAIGN 1,000

NATIONAL BRAIN TUMOR SOCIETY

565 CHAPEL STREET SUITE 006
NEWTON,MA02458 		  PC CHARITABLE 1,000

PAN-MASSACHUSETTS CHALLENGE INC

77 4TH AVE
NEEDHAM,MA024942704 		  PC JIMMY FUND (DOUGLAS SPECTOR BIKE RIDE) 1,000

THE SAMUEL WAXMAN CANCER RESEARCH FOUNDATION

420 LEXINGTON AVE 825
NEW YORK,NY10170 		  PC CANCER RESEARCH 1,000

SMILE TRAIN INC

633 3RD AVE 9TH FL
NEW YORK,NY10017 		  PC CHARITABLE 1,000

WATKINSON SCHOOL

180 BLOOMFIELD AVENUE
HARTFORD,CT06105 		  PC CHARITABLE 500

PRINCETON PETTORANELLO FOUNDATION INC

120 JOHN STREET STE 3
PRINCETON,NJ08542 		  PC CHARITABLE 500

THE HOLOCAUST MEMORIAL & TOLERANCE CENTER OF NASSAU COUNTY INC

100 CRESCENT BEACH RD
GLEN COVE,NY11542 		  PC CHARITABLE 500

LYNN UNIVERSITY INC

3601 N MILITARY TRAIL
BOCA RATON,FL33431 		  PC CHARITABLE 500

ARCHBISHOP MOLLOY HIGH SCHOOL

8353 MANTON ST STE 1
BRIARWOOD,NY11435 		  PC CHARITABLE - KEVIN GARLAN GOLF OUTING 500

HERITAGE CHRISTAIN SERVICES INC

275 KENNETH DRIVE SUITE 100
ROCKHESTER,NY14623 		  PC CHARITABLE 400

HEROES TO HEROES

2100 LINWOOD AVE
FORT LEE,NJ07024 		  PC CHARITABLE 300

ALERT ENGINE HOOK AND LADDER AND HOSE COMPANY NO ONE INC

555 MIDDLENECK ROAD
GREAT NECK,NY11023 		  PC CHARITABLE 50
Total .................................right arrow 3a 1,666,130
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 1,270,130  
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 21,488  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 1,912,099  
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 3,203,717 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
3,203,717
(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
THE PETROCELLI FAMILY FOUNDATION
 
Employer identification number

20-1690418
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
THE PETROCELLI FAMILY FOUNDATION
  		Employer identification number
20-1690418
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
UNITED CAPITAL CORP
 
9 PARK PLACE
 
GREAT NECK, NY110215030

$ 1,563,400


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
2
ATTILIO PETROCELLI
 
9 PARK PLACE
 
GREAT NECK, NY110215030

$ 130,000


(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
THE PETROCELLI FAMILY FOUNDATION
  		Employer identification number

20-1690418
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
 SECURITIES $ 1,563,400 2023-08-08
(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
THE PETROCELLI FAMILY FOUNDATION
  		Employer identification number

20-1690418
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:
THE PETROCELLI FAMILY FOUNDATION
EIN:
20-1690418
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX PREPARATION FEES 19,275 0   19,275

TY 2023 AllOthProgRltdInvestmentsSch
Name:
THE PETROCELLI FAMILY FOUNDATION
EIN:
20-1690418
Category Amount
NONE 0

TY 2023 InvestmentsCorpBondsSchedule
Name:
THE PETROCELLI FAMILY FOUNDATION
EIN:
20-1690418
Name of Bond End of Year Book Value End of Year Fair Market Value
GEORGIA PACIFIC 7.38% 83,180 83,180
CROWN HOLDINGS 7.375% 94,500 94,500
TELECOM ITALIA CAP 6% 61,727 61,727
BARRICK GOLD FIN 5.8% 51,513 51,513
JEFFERIES GROUP 6.25% 52,640 52,640
NEWMONT CORP 6.25% 55,607 55,607
JEFFERIES GROUP L 6.5% 52,285 52,285
WYNN LAS VEGAS LLC/CORP 522,265 522,265
APOLLO INVMT CORP NTS 182,527 182,527
BEAZER HOMES INC NTS B/E CALL 19,900 19,900
DEUTSCHE BANK AG B/E 4.500% 478,948 478,948
BWAY HLDG CO B/E REG.S 291,000 291,000
TRIUMPH GROUP INC NTS 99,748 99,748
COTY INC NTS B/E REG.S 149,793 149,793
RITE AID CORP 9,125 9,125
TRANSOCEAN OFFSHORE INC 81,900 81,900
SERVICE PROPERTIES TRUST 298,960 298,960
RACKSPACE TECHNOLOGY 61,253 61,253
PLANTRONICS INC NTS B/E 137,676 137,676
UNITED STATES STEEL CORP 157,545 157,545
JAGUAR L& ROVER AUTO PLC 194,864 194,864
AMER AXLE & MANF INC NTS 223,419 223,419
SCOTTS MIRACLE-GRO CO 78,322 78,322
FRONTIER COMMUNICATIONS HLDGS NTS 867 867
WEYERHAEUSER CO DEBS 17,433 17,433
LIMITED INC B/E RATE 06.950% 99,922 99,922
SLM CORP 106,378 106,378
GENWORTH FINANCIAL NTS 287,995 287,995
MACYS RETAIL HLDGS INC CALL@MW+25BP 166,881 166,881
VIACOM INC NTS B/E CALL@MW+30BP 83,370 83,370
GENERAL MOTORS CO B/E CALL@MW+30BP 191,256 191,256
WESTERN UNION CO MW+25BP RATE 06.200% MA TURES 11 /17 /36 103,776 103,776
GOLDMAN SACHS GROUP INC MW@+30BP NT BE 182,066 182,066
PRUDENTIAL FINANCIAL INC NTS B/E RATE 06.625% 173,545 173,545
DELL INC NTS SER WI/REG.S RATE 06.500% 107,129 107,129
CENTURYTEL INC NTS B/E 0BP RATE 07.600% 14,180 14,180
XEROX CORP B/E CALL@MW +35BP RATE 06.750% 138,634 138,634
HESS CORP NTS B/E CALL@MW+25BP RATE 05.600% 105,373 105,373
HEWLETT PACKARD CO NTS 0BP RATE 06.000% 211,210 211,210
MURPHY OIL CORP B/E CALL@MW+35BP RATE 05.875% 287,190 287,190
VIACOM INC B/E CALL@MW+25BPS RATE 04.875% 158,779 158,779
GENL MOTORS CO NTS B/E CALL@MW+50BP RATE 06.250% 255,783 255,783
LEUCADIA NATL CORP NTS CALL@MW+45BP RATE 06.625% 54,317 54,317
MARATHON OIL CORP B/E CALL@MW+35BP RATE 05.200% 106,807 106,807
HP ENTERPRISE CO B/E CALL@MW+55BP RATE 06.350% 540,975 540,975
GENERAL MOTORS CO B/E CALL@MW+50BP RATE 06.750% 134,854 134,854
NATIONSBANK CORP NOTES NTS B/E 172,822 172,822
VORNADO REAL TY LP NTS 180,328 180,328
MERRILL LYNCH & CO NTS 103,530 103,530
U S CELLULAR CORP 165,081 165,081
HOWMET AEROSPACE INC NTS 52,209 52,209
UNITED STATES STEEL CORP 52,373 52,373
BANK OF AMER CORP NTS 298,752 298,752
MERILL LYNCH & CO INC 365,724 365,724
TIME WARNER CABLE INC 190,204 190,204
MACY'S RETAIL HLDGS INC CALL@MW+25BP RATE 04.300% 21,901 21,901
BRUNSWICK CORP B/E 89,808 89,808
ACCRUED INTEREST ON CORPORATE BONDS 124,704 124,704

TY 2023 InvestmentsCorpStockSchedule
Name:
THE PETROCELLI FAMILY FOUNDATION
EIN:
20-1690418
Name of Stock End of Year Book Value End of Year Fair Market Value
ALTRIA GROUP INC 201,700 201,700
AMER ELECTRIC PWR CO 406,100 406,100
APOLLO GLOBAL MANAGEMENT 465,950 465,950
APPLE INC 754,718 754,718
ARES CAPITAL CORP 200,300 200,300
AT&TINC 414,130 414,130
BANK AMERICA CORP 319,865 319,865
BANK MONTREAL QUE F 237,456 237,456
BANK OF HAWAII CORP 231,872 231,872
BLACKSTONE INC CL A 654,600 654,600
BP PLC F 48,144 48,144
BRISTOL-MYERS SQUIBB 230,895 230,895
CARLYLE GROUP INC 203,450 203,450
CENTERPOINT ENERGY INC 142,850 142,850
CHEVRON CORP 149,160 149,160
CITIGROUP INC 1,004,726 1,004,726
CORTEVA INC 182,240 182,240
DONNELLEY FINL SOLUT0050 38,981 38,981
DOW INC 208,556 208,556
DUPONT DE NEMOURS INC IA 292,565 292,565
FORD MOTOR CO COM 992,144 992,144
FRONTIER COMMUNICATIONS PARENT 8,463 8,463
GE HEALTHCARE TECHNOLOGIES INC 16,082 16,082
GENERAL ELECTRIC CO 79,769 79,769
GETTY REALTY CORP NEW 88,128 88,128
GLAXO WELLCOME PLC SPON ADR 148,240 148,240
HALEON PLC F 41,150 41,150
HARLEY DAVIDSON INC 184,200 184,200
HOST HOTELS & RESORTS INC 99,394 99,394
INGEVITY CORP 7,886 7,886
INTERNTNL PAPER 180,750 180,750
JPMORGAN CHASE & CO 850,500 850,500
KIMCO REALTY CORP 1,589,108 1,589,108
KINDER MORGAN INC 352,800 352,800
KKR & CO INC 414,250 414,250
LINCOLN NATL CORP IND 431,520 431,520
MARRIOTT INTL INC 902,040 902,040
MARRIOTT VACATIONS 30,136 30,136
MERCK & CO. INC. 545,100 545,100
MORGAN STANLEY 466,250 466,250
NEW YORK CMNTY BANCORP 409,200 409,200
NEWELL BRANDS INC 43,400 43,400
NORDIC AMERN TANK F 102,480 102,480
ORGANON & CO 7,210 7,210
PACKAGING CORP OF AM 814,550 814,550
PARAMOUNT GLOBAL 73,950 73,950
PARK HOTELS & RESORTS INC REIT 159,885 159,885
PFIZER INC 143,950 143,950
PITNEY BOWES INC 22,000 22,000
PROCTER & GAMBLE 73,270 73,270
PRUDENTIAL FINANCIAL INC 381,134 381,134
R M R GROUP INC 3,726 3,726
SEAGATE TECHNOLOGY HLD F 426,850 426,850
SERVICE PPTYS TR 68,320 68,320
SUNSTONE HOTEL INVESTORS INC NEW REIT 157,098 157,098
SYLVAMO CORP 22,296 22,296
TANGER INC 90,644 90,644
TRANSOCEAN INC NEW F 95,409 95,409
UNILEVER PLC F 48,480 48,480
VIATRIS INC 6,715 6,715
WABTEC 3,299 3,299
WALMART INC 78,825 78,825
WESTROCK CO 41,811 41,811
3M CO 546,600 546,600
J P MORGAN EQUITY PREM INCOME 274,900 274,900
WARRANTS NOBLE CORP PLC 179 179
VALLEY NATL BANCORP 462,853 462,853
WARNER BROS DISCOVERY INC 67,939 67,939
WILLIAMS COS INC (DEL) 211,732 211,732

TY 2023 InvestmentsOtherSchedule2
Name:
THE PETROCELLI FAMILY FOUNDATION
EIN:
20-1690418
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
CPI CAPITAL PARTNERS EUROPE (CAYMAN) LP FMV 3,247 3,247
CPI CAPITAL PARTNERS ASIA PACIFIC LP (CAYMAN) CI B FMV 8,553 8,553
STEPSTONE CAPITAL PARTNERS II OFFSHORE L.P. CI A FMV 8,277 8,277

TY 2023 LegalFeesSchedule
Name:
THE PETROCELLI FAMILY FOUNDATION
EIN:
20-1690418
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 698 0   698


TY 2023 OtherExpensesSchedule
Name:
THE PETROCELLI FAMILY FOUNDATION
EIN:
20-1690418
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT FEE 1,139 1,139   0
NYS FILING FEE 750 0   0
ANNUAL FEE 175 175   0
TRANSFER FEE CHARGE 396 367   29
OTHER 205 0   0


TY 2023 OtherIncomeSchedule2
Name:
THE PETROCELLI FAMILY FOUNDATION
EIN:
20-1690418
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
OTHER INCOME 21,488 17,459  


TY 2023 OtherIncreasesSchedule
Name:
THE PETROCELLI FAMILY FOUNDATION
EIN:
20-1690418
Description Amount
UNREALIZED GAIN / LOSS 455,822


TY 2023 TaxesSchedule
Name:
THE PETROCELLI FAMILY FOUNDATION
EIN:
20-1690418
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES PAID 2,557 2,557   0
FEDERAL TAXES - SEC 4940 17,500 0   0