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 VECELLIO FAMILY FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 2438
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BECKLEY, WV25802
A Employer identification number

55-0538242
B Telephone number (see instructions)

(304) 252-6575
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$9,994,449J 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) 99,331
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 231,911 231,911  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 536,984
b Gross sales price for all assets on line 6a 1,152,276
7 Capital gain net income (from Part IV, line 2)... 536,984
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).......      
12 Total. Add lines 1 through 11........ 868,226 768,895  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
6,400 0   6,400
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
60,446 60,446   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)...        
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
25 0   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 66,871 60,446   6,400
25 Contributions, gifts, grants paid....... 532,250 532,250
26 Total expenses and disbursements. Add lines 24 and 25 599,121 60,446   538,650
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 269,105
b Net investment income (if negative, enter -0-) 708,449
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 220,569 216,553 216,553
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)....... 7,683,020 Click to see attachment
List of Attached Documents:
// Content
7,966,512 		7,966,512
c Investments—corporate bonds (attach schedule)....... 1,357,926 Click to see attachment
List of Attached Documents:
// Content
1,784,193 		1,784,193
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)..........      
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
18,913 		Click to see attachment
List of Attached Documents:
// Content
27,191 		Click to see attachment
List of Attached Documents:
// Content
27,191
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 9,280,428 9,994,449 9,994,449
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable................. 224,500 232,250
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)......... 224,500 232,250
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........... 9,055,928 9,762,199
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)..... 9,055,928 9,762,199
30 Total liabilities and net assets/fund balances (see instructions). 9,280,428 9,994,449
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
9,055,928
2
Enter amount from Part I, line 27a .....................
2
269,105
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
437,166
4
Add lines 1, 2, and 3 ..........................
4
9,762,199
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
9,762,199
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 275 UNITS AMAZON COM INC   2015-01-28 2023-12-11
b 665 UNITS APPLE INC   2013-05-09 2023-02-09
c 170 UNITS APPLE INC   2013-05-09 2023-07-24
d 95 UNITS APPLE INC   2013-05-09 2023-11-22
e 130 UNITS APPLE INC   2013-05-09 2023-12-11
55 UNITS BLACKROCK INC   2014-03-10 2023-12-11
155 UNITS HOME DEPOT INC   2010-07-26 2023-12-11
80 UNITS MICROSOFT CORP   2013-06-06 2023-07-24
105 UNITS MICROSOFT CORP   2013-06-06 2023-11-22
30 UNITS MICROSOFT CORP   2013-06-06 2023-12-11
1280 UNITS NEXTERA ENERGY INC   2010-07-26 2023-02-09
200000 UNITS ORACLE CORP BDS P 2019-02-25 2023-09-15
540 UNITS RAYTHEON TECHNOLOGIES CORP   2017-11-08 2023-02-09
90 UNITS UNITEDHEALTH GROUP INC   2004-01-16 2023-02-09
40 UNITS UNITEDHEALTH GROUP INC   2004-01-16 2023-12-11
200000 UNITS UNITEDHEALTH GROUP INC BDS P 2019-02-25 2023-06-15
140 UNITS VANGUARD FTSE DEVELOPED MARKETS ETF   2016-03-21 2023-12-11
1500 UNITS VANGUARD FTSE DEVELOPED MARKETS ETF   2017-05-25 2023-12-11
55 UNITS VISA INC   2015-04-07 2023-07-24
140 UNITS VISA INC   2015-04-07 2023-11-22
509 UNITS DISCOVERY INC REG SHS   2015-12-30 2023-02-09
CAPITAL GAIN DISTRIBUTIONS - ROYCE OPPORTUNITY FUND   2020-01-01 2023-12-15
(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 39,668   4,193 35,475
b 101,769   10,891 90,878
c 32,862   2,784 30,078
d 18,244   1,556 16,688
e 25,075   2,129 22,946
41,064   16,950 24,114
51,136   4,437 46,699
27,677   2,786 24,891
39,604   3,656 35,948
11,036   1,045 9,991
95,235   16,919 78,316
200,000   200,000 0
53,122   43,530 9,592
43,976   2,631 41,345
21,895   1,169 20,726
200,000   204,040 -4,040
6,472   5,043 1,429
69,341   62,565 6,776
13,183   3,636 9,547
35,523   9,256 26,267
7,581   16,076 -8,495
17,813     17,813
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       35,475
b       90,878
c       30,078
d       16,688
e       22,946
      24,114
      46,699
      24,891
      35,948
      9,991
      78,316
      0
      9,592
      41,345
      20,726
      -4,040
      1,429
      6,776
      9,547
      26,267
      -8,495
      17,813
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 2 536,984
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 9,847
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 9,847
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 9,847
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 2,276
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 2,276
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 7,571
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow   Refundedright arrow 11  
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 arrowWV
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 SULLIVAN Telephone no.right arrow (561) 793-2102

Located atright arrow450 ROYAL PALM WAY 2ND FLOORPALM BEACHFL ZIP+4right arrow33480
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)
 
No
(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
 
 
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
LEO A VECELLIO JR PRESIDENT/TRUSTEE
0.00 		0 0 0
1500 SOUTH OCEAN BLVD
PALM BEACH,FL33480
MICHAEL J SULLIVAN SECRETARY/TREASURER
0.00 		0 0 0
PO BOX 2438
BECKLEY,WV25802
KATHRYN C VECELLIO VICE PRESIDENT/TRUSTEE
0.00 		0 0 0
1500 SOUTH OCEAN BLVD
PALM BEACH,FL33480
ROBERT L CASTRODALE TRUSTEE
0.00 		0 0 0
7002 VERDE VISTA CIRCLE
ASHVILLE,NC28805
PATRICIA VECELLIO CUNNINGHAM TRUSTEE
0.00 		0 0 0
6110 STRATFORD RD
ROANOKE,VA24018
LL GWINN ASST SECRETARY/TREASURER
0.00 		0 0 0
PO BOX 2438
BECKLEY,WV25802
CHRISTOPHER S VECELLIO VICE PRESIDENT/TRUSTEE
0.00 		0 0 0
196 VIA DEL MAR
PALM BEACH,FL33480
MICHAEL A VECELLIO VICE PRESIDENT/TRUSTEE
0.00 		0 0 0
112 VIA PALMA
PALM BEACH,FL33480
MELISSA MCCABE ASST SECRETARY
0.00 		0 0 0
PO BOX 2438
BECKLEY,WV25802
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2023)
Form 990-PF (2023)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
9,494,764
b
Average of monthly cash balances.......................
1b
295,672
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
9,790,436
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
9,790,436
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
146,857
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
9,643,579
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
482,179
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
482,179
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
9,847
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
9,847
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
472,332
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
472,332
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
472,332
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
538,650
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
538,650
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 7 472,332
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......  
b From 2019......  
c From 2020......  
d From 2021...... 24,536
e From 2022...... 133,376
f Total of lines 3a through e ........ 157,912
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 538,650
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..... 472,332
e Remaining amount distributed out of corpus 66,318
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 5 224,230
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) ... 		0
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		224,230
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021.... 24,536
d Excess from 2022.... 133,376
e Excess from 2023.... 66,318
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 e-mail address of the person to whom applications should be addressed:
THE VECELLIO FAMILY FOUNDATION INC
PO BOX 2438
BECKLEY,WV25802
(561) 232-2597
bThe form in which applications should be submitted and information and materials they should include:
NO SPECIFIC APPLICATION FORM REQUIRED. HOWEVER, ALL APPLICATIONS SHOULD CONTAIN INFORMATION ABOUT THE OPERATIONS OF THE ORGANIZATION REQUESTING THE GRANT, SPECIFICS AS TO HOW THE GRANT WILL BE USED AND OTHER FINANCIAL RESOURCES AND COMMITMENTS OF THE REQUESTING ORGANIZATION. A BRIEF BIOGRAPHY OF THE INDIVIDUALS INVOLVED IN THE OPERATION OF THE ORGANIZATION SHOULD ALSO BE INCLUDED. THE FOUNDATION REQUIRES THE REQUESTING ORGANIZATION'S FEDERAL IDENTIFICATION NUMBER, A COPY OF ITS LETTER FROM THE INTERNAL REVENUE SERVICE STATING THAT IT IS A NON-PROFIT ORGANIZATION AND A COPY OF ITS LETTER FROM THE INTERNAL REVENUE SERVICE STATING THAT THE REQUESTING ORGANIZATION IS NOT A PRIVATE FOUNDATION.
cAny submission deadlines:
GRANTS ARE DISBURSED IN DECEMBER EACH YEAR. ALL REQUESTS ARE TO BE REC'D PRIOR TO NOVEMBER 1.
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
THE VECELLIO FAMILY FOUNDATION, INC. WILL MAKE NO CHARITABLE GRANTS DIRECTLY TO ANY INDIVIDUAL OR TO ANY OTHER PRIVATE FOUNDATION. CHARITABLE GRANTS ARE MADE BASED UPON THE MERITS OF THE REQUESTING ORGANIZATION. THESE GRANTS ARE USUALLY MADE TO ORGANIZATIONS BASED IN WEST VIRGINIA, ITS NEIGHBORING STATES, OR THE STATE OF FLORIDA. THE FOUNDATION MAKES NO LOANS TO ANY ORGANIZATION OR INDIVIDUAL FOR ANY REASON. THE FOUNDATION AWARDS ONLY RESTRICTED SCHOLARSHIPS AND NO SCHOLARSHIPS OR GRANTS DIRECTLY TO ANY INDIVIDUAL. THE SCHOLARSHIPS RECIPIENTS ARE SELECTED BY OTHER TAX EXEMPT ORGANIZATIONS WITH LITTLE PARTICIPATION BY THE FOUNDATION, ITS OFFICERS, OR TRUSTEES. CURRENTLY THE FOUNDATION AWARDS THREE 4-YEAR SCHOLARSHIPS TO RALEIGH COUNTY, WV SENIORS, FOUR TO WOODROW WILSON HIGH SCHOOL SENIORS, ONE TO A WV SENIOR WHO HAS BEEN MEMBER OF THE YOUTH CONSERVATION PROGRAM FOR ONE YEAR, THREE TO CHILDREN OF VECELLIO GROUP, INC. AND SUBSIDIARIES, AND ONE TO A SENIOR FROM MCDOWELL COUNTY, WV.
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

BROOK ATHEY

PO BOX 132
SURVEYOR,WV25932 		N/A N/A SCHOLARSHIP 1,250

MADISON BRANHAM

102 HONEYSUCKLE LANE
BECKLEY,WV25801 		N/A N/A SCHOLARSHIP 2,500

JOHN M COWGER

727 BLUESTONE ROAD
BECKLEY,WV25801 		N/A N/A SCHOLARSHIP 1,000

RACHEL FELDHAKE

111 WALNUTVIEW DR
BEAVER,WV25813 		N/A N/A SCHOLARSHIP 2,500

JOSIE L HILL

PO BOX 352 THREE MILE ROAD
HENDERSON,WV25106 		N/A N/A SCHOLARSHIP 2,500

ANDREW JENKINS

631 MISTY HILLS DRIVE
PRINCETON,WV24739 		N/A N/A SCHOLARSHIP 2,500

MADISON MILLER

437 REBECCA LANE
BEAVER,WV25813 		N/A N/A SCHOLARSHIP 1,250

JILLIAN MITCHELL

166 GLADE STREET
SHADY SPRING,WV25918 		N/A N/A SCHOLARSHIP 2,500

KAYLA TYLER

111 NORTH 2ND ST
BECKLEY,WV25801 		N/A N/A SCHOLARSHIP 2,500

ANGELA VEST

PO BOX 865
PINEVILLE,WV24874 		N/A N/A SCHOLARSHIP 1,250

CONNOR BLAZE WHITE

PO BOX 154
PAGETON,FL24871 		N/A N/A SCHOLARSHIP 2,500

CHASE BRAGG

426 NORTH COURT STREET
FAYETTEVILLE,WV25840 		N/A N/A SCHOLARSHIP 2,500

JOHN JEFFREY TABOR III

606 TEEL ROAD
BECKLEY,WV25801 		N/A N/A SCHOLARSHIP 2,500

JADYN FORREN

161 PARLIAMENT ROAD
SHADY SPRING,WV25918 		N/A N/A SCHOLARSHIP 2,500

EVAN DONATELLI

119 CRANBERRY POINTE WAY
BECKLEY,WV25801 		N/A N/A SCHOLARSHIP 2,500

SAVANNAH HUGHES

PO BOX 46
PAX,WV25904 		N/A N/A SCHOLARSHIP 1,250

ETHAN LILLY

215 FOOTE STREET
BECKLEY,WV25801 		N/A N/A SCHOLARSHIP 2,500

MARIA LUGO

4425 RACHAEL WAY
WEST PALM BEACH,FL33406 		N/A N/A SCHOLARSHIP 2,500

ANISTON MICHAEL

104 FLICKER LANE
BECKLEY,WV25801 		N/A N/A SCHOLARSHIP 2,500

ANTHONY DAVILA

6779 NW 187TH TERRACE
HIALEAH,FL33015 		N/A N/A SCHOLARSHIP 2,500

LILLY BIAS

176 OAKRIDGE EST RD
DANVILLE,WV25053 		N/A N/A SCHOLARSHIP 2,500

DYLAN LESTER

PO BOX 255
IKES FORK,WV24845 		N/A N/A SCHOLARSHIP 2,500

BROOKE AUSTIN

PO BOX 87
RHODELL,WV25915 		N/A N/A SCHOLARSHIP 2,500

MATTHEW WILLIAMS

PO BOX 357
PAX,WV25904 		N/A N/A SCHOLARSHIP 2,500

ABBIE CULICERTO

801 OVERLOOK DRIVE
BECKLEY,WV25801 		N/A N/A SCHOLARSHIP 2,500

BAYLEE DAWN MANN

126 GUADALCANAL AVENUE
BECKLEY,WV25801 		N/A N/A SCHOLARSHIP 2,500

ASHTON EVANS

PO BOX 602
DANIELS,WV25832 		N/A N/A SCHOLARSHIP 2,500

CONNOR RYAN CORMACK

109 W LOCUST DRIVE
BECKLEY,WV25801 		N/A N/A SCHOLARSHIP 2,500

ANDREW FRANCIS

270 SARVIS FORK ROAD
SANDYVILLE,WV25275 		N/A N/A SCHOLARSHIP 2,500

CHLOE DUDGEON

337 MAPLE AVENUE
WELCH,WV24801 		N/A N/A SCHOLARSHIP 2,500

HOLDEN KAPSOS

942 MARLIN CIRCLE
JUPITER,FL33458 		N/A N/A SCHOLARSHIP 2,500

JUSTIN PAYNE

12461 SE 2ND STREET
PLANTATION,FL33325 		N/A N/A SCHOLARSHIP 2,500

SANJANA RAMJATTANSINGH

2721 PIENZA CIRCLE
ROYAL PALM BEACH,FL33411 		N/A N/A SCHOLARSHIP 2,500

TYLER WATSON

669 CLOUGH AVENUE
LAKE HELEN,FL32744 		N/A N/A SCHOLARSHIP 2,500

ABIGAIL JENKINS

631 MISTY HILLS DRIVE
PRINCETON,WV24739 		N/A N/A SCHOLARSHIP 2,500

MICHELLE BEDOLA VILLALOBOS

264 LEWIS DRIVE
MOUNT AIRY,NC27030 		N/A N/A SCHOLARSHIP 2,500

ISABELLA CHMARA

2837 LONGLEAF LN
PALM HARBOR,FL34684 		N/A N/A SCHOLARSHIP 2,500

NATHALY TAYLOR

6921 ENVIRON BLVD UNIT 2 APT 20
LAUDERHILL,FL33319 		N/A N/A SCHOLARSHIP 2,500

AMALIA GARCIA

133 SAN JUAN DRIVE
PALM SPRINGS,FL33467 		N/A N/A SCHOLARSHIP 2,500

ADRIANNA BUCHANAN

PO BOX 1445
SOPHIA,WV25921 		N/A N/A SCHOLARSHIP 2,500

NATALEE PRICHARD

PO BOX 386
BOLT,WV25817 		N/A N/A SCHOLARSHIP 2,500

BRAYLIE WISEMAN

PO BOX 716
SHADY SPRING,WV25918 		N/A N/A SCHOLARSHIP 2,500

BRIA BLUME

11 ALLEGHENY PASS
BECKLEY,WV25801 		N/A N/A SCHOLARSHIP 2,500

WILLIAM ADKINS

156 PRIMROSE LANE
BECKLEY,WV25801 		N/A N/A SCHOLARSHIP 2,500

SYDNEY VAUGHT

208 HOMEWOOD DRIVE
BECKLEY,WV25801 		N/A N/A SCHOLARSHIP 2,500

SOPHIA HALL

PO BOX 93
GHENT,WV25843 		N/A N/A SCHOLARSHIP 1,000

MACKENZIE HOLT

147 BRIGHTON CIRCLE
AUBURNDALE,FL33823 		N/A N/A SCHOLARSHIP 2,500

BLAZEK MICHAEL

104 FLICKER LANE
BECKLEY,WV25801 		N/A N/A SCHOLARSHIP 2,500

SOPHIA KAPSOS

942 MARLIN CIRCLE
JUPITER,FL33458 		N/A N/A SCHOLARSHIP 2,500

MARIA ALICE CALAIS

3966 NW 37TH AVE
OKEECHOBEE,FL34972 		N/A N/A SCHOLARSHIP 2,500

DARIA HERNANDEZ

790 BOWMAN COURT
WESTON,FL33326 		N/A N/A SCHOLARSHIP 2,500

LUCAS WARD

1410 CENTRAL PKWY
DELAND,FL33724 		N/A N/A SCHOLARSHIP 2,500

ISAIAH ASH

3537 WV RT 23
SALEM,WV26426 		N/A N/A SCHOLARSHIP 2,500

MORGAN WALKER

43 ROGERS STREET
WELCH,WV24801 		N/A N/A SCHOLARSHIP 2,500

ALZHEIMER'S ASSOCIATION NATIONAL OFFICE

225 N MICHIGAN AVE 17TH FLOOR
CHICAGO,IL606017633 		    CHARITABLE PURPOSES, RESTRICTED TO RESEARCH PROGRAMS 10,000

AMERICAN HEART ASSOCIATION

2300 CENTERPARK WEST DRIVE
WEST PALM BEACH,FL33409 		    CHARITABLE PURPOSES, FOR ANNUAL GALA 35,000

BECKLEY UNITED METHODIST CHURCH

217 S HERBER STREET
BECKLEY,WV25801 		    CHARITABLE PURPOSES, UNRESTRICTED 5,000

BOY SCOUTS OF AMERICA GULFSTREAM COUNCIL FL

8335 NORTH MILITARY TRAIL
PALM BEACH GARDENS,FL33410 		    CHARITABLE PURPOSES, UNRESTRICTED 2,000

BOY SCOUTS OF AMERICA BUCKSKIN COUNCIL WV

2829 KANAWHA BOULEVARD EAST
CHARLESTON,WV25311 		    CHARITABLE PURPOSES, RESTRICTED TO RALEIGH & FAYETTE COUNTIES 2,000

BROWN UNIVERSITY

BOX 1893
PROVIDENCE,RI02912 		    CHARITABLE PURPOSES, DESIGNATED FOR ANNUAL FUND 10,000

CLEVELAND CLINIC

9500 EUCLID AVENUE
CLEVELAND,OH44195 		    CHARITABLE PURPOSES, RESTRICTED FOR RESEARCH 25,000

FLAGLER MUSEUM

ONE WHITEHALL WAY
PALM BEACH,FL33480 		    CHARITABLE PURPOSES, UNRESTRICTED 15,000

GEORGIA TECH FOUNDATION

190 NORTH AVENUE NW
ATLANTA,GA30313 		    CHARITABLE PURPOSES, UNRESTRICTED 10,000

HOOFBEATS THERAPEUTIC RIDING CENTER INC

PO BOX 979
LEXINGTON,VA24450 		    CHARITABLE PURPOSES, UNRESTRICTED 5,000

HOSPICE OF SOUTHERN WEST VIRGINIA

POST OFFICE BOX 1472
BECKLEY,WV25802 		    CHARITABLE PURPOSES, UNRESTRICTED 2,000

LEUKEMIA & LYMPHOMA SOCIETY

1311 MAMARONECK AVE SUITE 310
WHITE PLAINS,NY10605 		    CHARITABLE PURPOSES, DESIGNATED FOR RESEARCH 10,000

MOUNT ST JOSEPH UNIVERSITY

5701 DELHI ROAD
CINCINNATI,OH452331670 		    CHARITABLE PURPOSES, DESIGNATED FOR CAPITAL CAMPAIGN 5,000

NORTON MUSEUM OF ART

1451 SOUTH OLIVE AVENUE
WEST PALM BEACH,FL33401 		    CHARITABLE PURPOSES, RESTRICTED TO EDUCATION PROGRAMS 15,000

PALM BEACH ATLANTIC UNIVERSITY

901 S FLAGLER DRIVE
WEST PALM BEACH,FL33416 		    CHARITABLE PURPOSES, RESTRICTED FOR VECELLIO FAMILY SCHOLARSHIPS 25,000

PALM BEACH STATE COLLEGE

4200 CONGRESS AVENUE
LAKE WORTH,FL334614796 		    CHARITABLE PURPOSES, DESIGNATED FOR STUDENT SCHOLARSHIPS 5,000

PALM BEACH COUNTY CULTURAL COUNCIL

1555 PALM BEACH LAKES BLVD SUITE
900
WEST PALM BEACH,FL334012328 		    CHARITABLE PURPOSES, UNRESTRICTED 5,000

PALM BEACH ISLAND HOSPICE FOUNDATION

44 COCOANUT ROW SUITE M207B
PALM BEACH,FL33480 		    CHARITABLE PURPOSES, UNRESTRICTED 5,000

RAYMOND F KRAVIS CENTER FOR THE PERFORMING ARTS

701 OKEECHOBEE BOULEVARD
WEST PALM BEACH,FL33401 		    CHARITABLE PURPOSES, GALA FOR GENERAL PROGRAM 25,000

SALVATION ARMY BECKLEY CORPS

PO BOX 1573
BECKLEY,WV258021573 		    CHARITABLE PURPOSES, UNRESTRICTED 25,000

SALVATION ARMY WEST PALM BEACH CORPS

PO BOX 789
WEST PALM BEACH,FL33402 		    CHARITABLE PURPOSES, UNRESTRICTED 25,000

THE SCHEPENS EYE RESEARCH INSTITUTE

20 STANIFORD STREET
BOSTON,MA02114 		    CHARITABLE PURPOSES, UNRESTRICTED 25,000

ST EDWARD CATHOLIC CHURCH

PO BOX 109650
PALM BEACH GARDENS,FL33410 		    CHARITABLE PURPOSES, UNRESTRICTED 25,000

ST FRANCIS DESALES CATHOLIC CHURCH

614 S OAKWOOD AVENUE
BECKLEY,WV25801 		    CHARITABLE PURPOSES, UNRESTRICTED 5,000

THE UNITED WAY OF BROWARD COUNTY

1300 SOUTH ANDREWS AVENUE
FORT LAUDERDALE,FL33316 		    CHARITABLE PURPOSES, UNRESTRICTED 2,500

THE UNITED WAY OF PALM BEACH COUNTY

2600 QUANTUM BLVD
BOYNTON BEACH,FL33426 		    CHARITABLE PURPOSES, UNRESTRICTED 5,000

THE UNITED WAY TOWN OF PALM BEACH

44 COCOANUT ROW SUITE M201
PALM BEACH,FL33480 		    CHARITABLE PURPOSES, UNRESTRICTED 25,000

THE UNITED WAY OF SOUTHERN WEST VIRGINIA

129 MAIN STREET SUITE 410 PO BOX
5456
BECKLEY,WV258017506 		    CHARITABLE PURPOSES, UNRESTRICTED 4,000

VPI EDUCATIONAL FOUNDATION INC DEPT OF CIVIL & ENVIRONMENT ENGINEERING

200 PATTON HALL 0105
BLACKSBURGH,VA24061 		    CHARITABLE PURPOSES, DESIGNATED FOR THE VECILLIO ENDOWMENT FUND CODE 885620 5,000

VPI EDUCATIONAL FOUNDATION INC

315 BURRISS HALL 0253
BLACKSBURGH,VA24061 		    CHARITABLE PURPOSES, DESIGNATED FOR THE PAMPLIN COLLEGE OF BUSINESS, SCHOOL OF MANAGEMENT 10,000

WAKE FOREST UNIVERSITY

BOX 7227 REYNOLDA STATION
WINSTONSALEM,NC271097227 		    CHARITABLE PURPOSES, DESIGNATED FOR BIOLOGY DEPARTMENT 10,000

WEST VIRGINIA UNIVERSITY FOUNDATION INC

ONE WATERFRONT PLACE 7TH FLOOR PO
BOX 1650
MORGANTOWN,WV265071650 		    CHARITABLE PURPOSES, DESIGNATED FOR THE KATHRYN C. VECELLIO SCHOLARSHIP FOR THE COLLEGE OF EDUCATION AND HUMAN SERVICES 10,000

YMCA OF BECKLEYRALEIGH COUNTY

121 EAST MAIN STREET
BECKLEY,WV25801 		    CHARITABLE PURPOSES, DESIGNATED FOR CLINE FAMILY FOUNDATION 5,000
Total .................................right arrow 3a 524,500
bApproved for future payment

CASSIDY T ARANGO
5240 SAPPHIRE LANE SW
VERO BEACH,FL32968 		N/A N/A SCHOLARSHIP 3,750

CHASE BRAGG
426 NORTH COURT STREET
FAYETTEVILLE,WV25840 		N/A N/A SCHOLARSHIP 2,500

JOHN JEFFREY TABOR III
606 TEEL ROAD
BECKLEY,WV25801 		N/A N/A SCHOLARSHIP 2,500

JADYN FORREN
161 PARLIAMENT ROAD
SHADY SPRING,WV25918 		N/A N/A SCHOLARSHIP 2,500

EVAN DONATELLI
119 CRANBERRY POINTE WAY
BECKLEY,WV25801 		N/A N/A SCHOLARSHIP 2,500

ETHAN LILLY
215 FOOTE STREET
BECKLEY,WV25801 		N/A N/A SCHOLARSHIP 2,500

MARIA LUGO
4425 RACHAEL WAY
WEST PALM BEACH,FL33406 		N/A N/A SCHOLARSHIP 2,500

ANISTON MICHAEL
104 FLICKER LANE
BECKLEY,WV25801 		N/A N/A SCHOLARSHIP 2,500

ANTHONY DAVILA
6779 NW 187TH TERRACE
HIALEAH,FL33015 		N/A N/A SCHOLARSHIP 2,500

LILLY BIAS
176 OAKRIDGE EST RD
DANVILLE,WV25053 		N/A N/A SCHOLARSHIP 2,500

DYLAN LESTER
PO BOX 255
IKES FORK,WV24845 		N/A N/A SCHOLARSHIP 2,500

BROOKE AUSTIN
PO BOX 87
RHODELL,WV25915 		N/A N/A SCHOLARSHIP 5,000

MATTHEW WILLIAMS
PO BOX 357
PAX,WV25904 		N/A N/A SCHOLARSHIP 5,000

ABBIE CULICERTO
801 OVERLOOK DRIVE
BECKLEY,WV25801 		N/A N/A SCHOLARSHIP 5,000

BAYLEE DAWN MANN
126 GUADALCANAL AVENUE
BECKLEY,WV25801 		N/A N/A SCHOLARSHIP 5,000

ASHTON EVANS
PO BOX 602
DANIELS,WV25832 		N/A N/A SCHOLARSHIP 5,000

CONNOR RYAN CORMACK
109 W LOCUST DRIVE
BECKLEY,WV25801 		N/A N/A SCHOLARSHIP 5,000

DAEGAN MILLER FROST
310 ALLEN AVENUE
BECKLEY,WV25801 		N/A N/A SCHOLARSHIP 3,000

ANDREW FRANCIS
270 SARVIS FORK ROAD
SANDYVILLE,WV25275 		N/A N/A SCHOLARSHIP 5,000

CHLOE DUDGEON
337 MAPLE AVENUE
WELCH,WV24801 		N/A N/A SCHOLARSHIP 5,000

HOLDEN KAPSOS
942 MARLIN CIRCLE
JUPITER,FL33458 		N/A N/A SCHOLARSHIP 5,000

JUSTIN PAYNE
12461 SE 2ND STREET
PLANTATION,FL33325 		N/A N/A SCHOLARSHIP 5,000

SANJANA RAMJATTANSINGH
2721 PIENZA CIRCLE
ROYAL PALM BEACH,FL33411 		N/A N/A SCHOLARSHIP 5,000

TREVOR LIGON
824 SW GRAND RESERVES BLVD
PORT ST LUCIE,FL34986 		N/A N/A SCHOLARSHIP 7,500

TYLER WATSON
669 CLOUGH AVENUE
LAKE HELEN,FL32744 		N/A N/A SCHOLARSHIP 5,000

ABIGAIL JENKINS
631 MISTY HILLS DRIVE
PRINCETON,WV24739 		N/A N/A SCHOLARSHIP 5,000

MICHELLE BEDOLA VILLALOBOS
264 LEWIS DRIVE
MOUNT AIRY,NC27030 		N/A N/A SCHOLARSHIP 5,000

ISABELLA CHMARA
2837 LONGLEAF LN
PALM HARBOR,FL34684 		N/A N/A SCHOLARSHIP 5,000

NATHALY TAYLOR
6921 ENVIRON BLVD UNIT 2 APT 20
LAUDERHILL,FL33319 		N/A N/A SCHOLARSHIP 5,000

AMALIA GARCIA
133 SAN JUAN DRIVE
PALM SPRINGS,FL33467 		N/A N/A SCHOLARSHIP 5,000

ADRIANNA BUCHANAN
PO BOX 1445
SOPHIA,WV25921 		N/A N/A SCHOLARSHIP 7,500

NATALEE PRICHARD
PO BOX 386
BOLT,WV25817 		N/A N/A SCHOLARSHIP 7,500

BRAYLIE WISEMAN
PO BOX 716
SHADY SPRING,WV25918 		N/A N/A SCHOLARSHIP 7,500

BRIA BLUME
11 ALLEGHENY PASS
BECKLEY,WV25801 		N/A N/A SCHOLARSHIP 7,500

WILLIAM ADKINS
156 PRIMROSE LANE
BECKLEY,WV25801 		N/A N/A SCHOLARSHIP 7,500

SYDNEY VAUGHT
208 HOMEWOOD DRIVE
BECKLEY,WV25801 		N/A N/A SCHOLARSHIP 7,500

SOPHIA HALL
PO BOX 93
GHENT,WV25843 		N/A N/A SCHOLARSHIP 3,000

MACKENZIE HOLT
147 BRIGHTON CIRCLE
AUBURNDALE,FL33823 		N/A N/A SCHOLARSHIP 7,500

BLAZEK MICHAEL
104 FLICKER LANE
BECKLEY,WV25801 		N/A N/A SCHOLARSHIP 7,500

SOPHIA KAPSOS
942 MARLIN CIRCLE
JUPITER,FL33458 		N/A N/A SCHOLARSHIP 7,500

MARIA ALICE CALAIS
3966 NW 37TH AVE
OKEECHOBEE,FL34972 		N/A N/A SCHOLARSHIP 7,500

DARIA HERNANDEZ
790 BOWMAN COURT
WESTON,FL33326 		N/A N/A SCHOLARSHIP 7,500

LUCAS WARD
1410 CENTRAL PKWY
DELAND,FL33724 		N/A N/A SCHOLARSHIP 7,500

ISAIAH ASH
3537 WV RT 23
SALEM,WV26426 		N/A N/A SCHOLARSHIP 7,500

MORGAN WALKER
43 ROGERS STREET
WELCH,WV24801 		N/A N/A SCHOLARSHIP 7,500
Total ................................. right arrow 3b 232,250
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 ....     14 231,911  
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 ............ 		    18 536,984  
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) .. 0 768,895 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
768,895
(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 VECELLIO FAMILY FOUNDATION INC
 
Employer identification number

55-0538242
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 VECELLIO FAMILY FOUNDATION INC
  		Employer identification number
55-0538242
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
VECELLIO GROUP INC
 
450 ROYAL PALM WAY 2ND FLOOR
 
PALM BEACH, FL33480

$ 99,331


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

$  


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

$  


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

$  


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

$  


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

$  


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

55-0538242
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
 360 SHARES CATERPILLAR INC STOCK $ 99,331 2023-09-14
(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 VECELLIO FAMILY FOUNDATION INC
  		Employer identification number

55-0538242
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 VECELLIO FAMILY FOUNDATION INC
EIN:
55-0538242
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 6,400 0   6,400

TY 2023 InvestmentsCorpBondsSchedule
Name:
THE VECELLIO FAMILY FOUNDATION INC
EIN:
55-0538242
Name of Bond End of Year Book Value End of Year Fair Market Value
BANK OF AMERICA ACCOUNTS - VARIOUS CORPORATE BONDS AND NOTES 1,784,193 1,784,193

TY 2023 InvestmentsCorpStockSchedule
Name:
THE VECELLIO FAMILY FOUNDATION INC
EIN:
55-0538242
Name of Stock End of Year Book Value End of Year Fair Market Value
BANK OF AMERICA ACCOUNTS - TRADING SECURITIES 7,966,512 7,966,512

TY 2023 OtherAssetsSchedule
Name:
THE VECELLIO FAMILY FOUNDATION INC
EIN:
55-0538242
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
ACCRUED DIVIDENDS AND INTEREST 18,913 27,191 27,191


TY 2023 OtherExpensesSchedule
Name:
THE VECELLIO FAMILY FOUNDATION INC
EIN:
55-0538242
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
WV ANNUAL REPORT FEE 25 0   0


TY 2023 OtherIncreasesSchedule
Name:
THE VECELLIO FAMILY FOUNDATION INC
EIN:
55-0538242
Description Amount
INCREASE IN UNREALIZED GAINS - 2023 437,166


TY 2023 OtherProfessionalFeesSchedule
Name:
THE VECELLIO FAMILY FOUNDATION INC
EIN:
55-0538242
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
BANK OF AMERICA MANAGEMENT FEES 60,446 60,446   0