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
SALVITTI FAMILY FOUNDATION IMA
 
Number and street (or P.O. box number if mail is not delivered to street address)750 EAST BEAU STREET
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
WASHINGTON, PA15301
A Employer identification number

25-1755617
B Telephone number (see instructions)

(724) 228-2982
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$8,261,618J 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) 308,482
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 167,776 167,776  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,954
b Gross sales price for all assets on line 6a 1,217,920
7 Capital gain net income (from Part IV, line 2)... 1,954
8 Net short-term capital gain......... 0
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
403 218  
12 Total. Add lines 1 through 11........ 478,615 169,948  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
390 0 0 390
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
52,272 27,272   25,000
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
7,733 54   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
4 4    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 60,399 27,330 0 25,390
25 Contributions, gifts, grants paid....... 954,500 954,500
26 Total expenses and disbursements. Add lines 24 and 25 1,014,899 27,330 0 979,890
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -536,284
b Net investment income (if negative, enter -0-) 142,618
c Adjusted net income (if negative, enter -0-)... 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......... 107,057 30,837 30,837
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow     0 0
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 arrow0      
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 1,194,773 Click to see attachment
List of Attached Documents:
// Content
1,205,237 		1,275,430
b Investments—corporate stock (attach schedule)....... 3,165,864 Click to see attachment
List of Attached Documents:
// Content
2,958,100 		6,091,272
c Investments—corporate bonds (attach schedule)....... 721,332 Click to see attachment
List of Attached Documents:
// Content
320,884 		325,763
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).......... 355,525 Click to see attachment
List of Attached Documents:
// Content
379,658 		538,316
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) 5,544,551 4,894,716 8,261,618
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
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........ 5,544,551 4,894,716
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)..... 5,544,551 4,894,716
30 Total liabilities and net assets/fund balances (see instructions). 5,544,551 4,894,716
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
5,544,551
2
Enter amount from Part I, line 27a .....................
2
-536,284
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
366
4
Add lines 1, 2, and 3 ..........................
4
5,008,633
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
113,917
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
4,894,716
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 1. JP MORGAN ADR FX SETTLEMENT VARIOUS CUSI   2001-01-01 2023-05-08
b 100000. BARCLAYS IEMG NOTE 153.75% PART, 20% GEARED BUFFER   2019-05-02 2023-05-15
c 100000. MORGAN STANLEY SMID NOTE 140%PART 33.46%CAP 20%GEAR BUFF   2019-05-02 2023-05-15
d 100000. AETNA INC CALL 04/15/2023 @ 100.000 UNSC   2017-05-31 2023-06-15
e 100000. GENERAL DYNAMICS CORP CALL 06/15/2023 @   2017-02-16 2023-08-15
500. UNITED RENTALS INC   2021-04-19 2023-08-21
200000. ORACLE CORP CALL 07/15/2023 @ 100.000 UN   2019-07-29 2023-09-15
699. AGCO CORP   2022-03-25 2023-12-04
500. AMERICAN TOWER CORP   2020-06-23 2023-12-04
574. TARGET CORP   2022-02-09 2023-12-04
5733.945 AMERICAN BEACON AHL MANAGED FUTURES STRATEGY FUND R5 CLASS   2022-10-14 2023-12-19
50. BLACKROCK INC   2021-07-16 2023-12-19
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 4     4
b 100,000   100,000  
c 131,854   100,000 31,854
d 100,000   100,000  
e 100,000   94,981 5,019
225,284   163,346 61,938
200,000   200,000  
81,577   101,600 -20,023
104,236   132,054 -27,818
77,206   104,927 -27,721
57,397   75,000 -17,603
40,362   44,058 -3,696
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       4
b        
c       31,854
d        
e       5,019
      61,938
       
      -20,023
      -27,818
      -27,721
      -17,603
      -3,696
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 1,954
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 1,982
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 1,982
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 1,982
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 8,334
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  
7 Total credits and payments. Add lines 6a through 6d.............. 7 8,334
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 6,352
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow992 Refundedright arrow 11 5,360
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$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
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 arrowPA
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 arrowPNC BANK NA AGENT Telephone no.right arrow (412) 762-6490

Located atright arrow116 ALLEGHENY CENTER MALLPITTSBURGHPA ZIP+4right arrow15212
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
DIANE C GARDNER SECRETARY
1 		0    
750 East Beau Street
Washington,PA15301
E RONALD SALVITTI II VICE PRESIDENT
1 		0    
300 Papp Road
Canonsburg,PA15317
E RONALD SALVITTI MD PRESIDENT
1 		0    
145 Froebe Road
Venetia,PA15367
JOHN M SALVITTI TRUSTEE
1 		0    
100 Iron Horse Drive
Venetia,PA15367
KARA SALVITTI CONOMIKES TRUSTEE
1 		0    
518 Rodgers Drive
Pittsburgh,PA15237
JENNIFER SALVITTI DAVIS TRUSTEE
1 		0    
229 Klinger Road
Canonsburg,PA15317
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 arrow  
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
8,277,980
b
Average of monthly cash balances.......................
1b
0
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
8,277,980
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
8,277,980
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
124,170
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
8,153,810
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
407,691
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
407,691
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
1,982
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
1,982
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
405,709
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
405,709
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
405,709
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
979,890
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
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
979,890
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 7 405,709
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...... 0
b From 2019...... 1,670,216
c From 2020...... 205,402
d From 2021...... 848,323
e From 2022...... 1,731,004
f Total of lines 3a through e ........ 4,454,945
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 979,890
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..... 405,709
e Remaining amount distributed out of corpus 574,181
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 5,029,126
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 ...... 		5,029,126
10 Analysis of line 9:
a Excess from 2019.... 1,670,216
b Excess from 2020.... 205,402
c Excess from 2021.... 848,323
d Excess from 2022.... 1,731,004
e Excess from 2023.... 574,181
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

WASHINGTON CHRISTIAN OUTREACH

119 HIGHLAND AVENUE
WASHINGTON,PA15301 		NONE PC GENERAL SUPPORT 2,500

AMERICAN SOCIETY OF CATARACT
AND REFRACTIVE SURGERY
4000 LEGATO ROAD 700
FAIRFAX,VA22033 		NONE PC GENERAL SUPPORT 2,500

ST BENEDICT THE ABBOT CHURCH

120 ABINGTON DRIVE
MCMURRAY,PA15317 		NONE PC GENERAL SUPPORT 10,000

SOUTH STRABANE FIRE DEPARTMENT

550 WASHINGTON ROAD
WASHINGTON,PA15301 		NONE PC GENERAL SUPPORT 5,000

EYE AND EAR FOUNDATION

203 LOTHROP ST
PITTSBURGH,PA15213 		NONE PC GENERAL SUPPORT 505,000

BRONSON HOUSE-THE NEIGHBORHOOD

308 EAST MAIDEN STREET
WASHINGTON,PA15301 		NONE PC GENERAL SUPPORT 5,000

WASHINGTON SYMPHONY ORCHESTRA

1225 I STREET NW SUITE 110
WASHINGTON,DC20005 		NONE PC GENERAL SUPPORT 1,000

PITTSBURGH SYMPHONY ORCHESTRA

600 PENN AVENUE
PITTSBURGH,PA15222 		NONE PC 2014-2015 EDUCATION 1,000

WASHINGTON CITY MISSION

84 WEST WHEELING ST
WASHINGTON,PA15301 		NONE PC GENERAL SUPPORT 17,500

WASHINGTON AND JEFFERSON COLLEGE

60 S LINCOLN STREET
WASHINGTON,PA15301 		NONE PC GENERAL SUPPORT 25,000

THE FOUNDATION OF THE AMERICAN ACACDEMY
OF OPHTHALMOLOGY
655 BEACH STREET
SAN FRANCISCO,CA941091336 		NONE PC GENERAL SUPPORT 2,500

CENTRAL CATHOLIC HIGH SCHOOL

320 BILMAR DRIVE
PITTSBURGH,PA15212 		NONE PC GENERAL SUPPORT 5,000

AMERICAN HEART ASSOCIATION

777 PENN CENTER BLVD STE 20
PITTSBURGH,PA15235 		NONE PC GENERAL SUPPORT 1,000

ARC WASHINGTON FOUNDATION

201 S JOHNSON ROAD
HOUSTON,PA15342 		NONE PC GENERAL SUPPORT 7,500

DOMESTIC VIOLENCE SERVICES OF
SOUTH WESTERN PA
308 EAST MAIDEN STREET
WASHINGTON,PA15301 		NONE PC GENERAL SUPPORT 10,000

BENTLEYVILLE PUBLIC LIBRARY

931 MAIN STREET
BENTLEYVILLE,PA15314 		NONE PC GENERAL SUPPORT 5,000

BIG BROTHERS & BIG SISTERS OF GTR PITTSB

58 E CHEERY AVE
WASHINGTON,PA15301 		NONE PC GENERAL SUPPORT 2,000

CASA FOR KIDS INC

30 EAST BEAU STREET
WASHINGTON,PA15301 		NONE PC GENERAL SUPPORT 50,000

CATHOLIC CHARITIES OF WASHINGTON COUNTY

331 S MAIN STREET
WASHINGTON,PA15301 		NONE PC GENERAL SUPPORT 5,000

CITIZEN'S LIBRARY

55 SOUTH COLLEGE STREET
WASHINGTON,PA15301 		NONE PC GENERAL SUPPORT 2,000

EXTRA MILE EDUCATION FOUNDATION

111 BLVD OF THE ALLIES
PITTSBURGH,PA152221618 		NONE PC GENERAL SUPPORT 2,500

BLIND AND VISION REHABILITATION

1800 WEST ST
HOMESTEAD,PA15120 		NONE PC GENERAL SUPPORT 2,500

JOHN F KENNEDY SCHOOL

111 W SPRUCE STREET
WASHINGTON,PA15301 		NONE PC GENERAL SUPPORT 30,000

JUNIOR ACHIEVEMENT

120 MARSHALL DRIVE
WARRENDALE,PA15086 		NONE PC GENERAL SUPPORT 2,000

JUVENILE DIABETES FOUNDATION

960 PENN AVENUE
PITTSBURGH,PA15222 		NONE PC GENERAL SUPPORT 1,000

MARIO LEMIEUX FOUNDATION

1010 NEVELLEWOOD DRIVE
PRESTO,PA15142 		NONE PC GENERAL SUPPORT 2,500

MAKE A WISH

707 GRANT STREET 37TH FLOOR
PITTSBURGH,PA15219 		NONE PC GENERAL SUPPORT 10,000

MEALS ON WHEELS WASHINGTON

5901 E CAPITOL ST SE
WASHINGTON,DC20019 		NONE PC GENERAL SUPPORT 2,000

PITTSBURGH OPERA

801 PENN AVENUE
PITTSBURGH,PA15222 		NONE PC GENERAL SUPPORT 5,000

THE SALVATION ARMY

PO BOX 246
WASHINGTON,PA15301 		NONE PC GENERAL SUPPORT 1,000

SETON HILL UNIVERSITY

SETON HILL DRIVE
GREENSBURG,PA15601 		NONE PC GENERAL SUPPORT 20,000

SETON HILL SISTERS OF CHARITY

SETON HILL DRIVE
GREENSBURG,PA15601 		NONE PC GENERAL SUPPORT 5,000

SHADYSIDE ACADEMY

423 FOX CHAPEL ROAD
PITTSBURGH,PA15238 		NONE PC GENERAL SUPPORT 15,000

ST VINCENT DEPAUL SOCIETY

119 W CHESTNUT STREET
WASHINGTON,PA15301 		NONE PC GENERAL SUPPORT 2,000

UNITED CEREBRAL PALSY OF SW PA

655 JEFFERSON AVENUE
WASHINGTON,PA15301 		NONE PC GENERAL SUPPORT 2,000

WASHINGTON GREATER COUNTY FOOD BANK

1020 ROUTE 519
EIGHTY FOUR,PA15330 		NONE PC GENERAL SUPPORT 5,000

BOY SCOUTS OF AMERICA

1325 WEST WALNUT HILL LANE
IRVING,TX750152079 		NONE PC GENERAL SUPPORT 1,500

WAYNESBURG UNIVERSITY

51 W COLLEGE STREET
WAYNESBURG,PA15370 		NONE PC GENERAL SUPPORT 2,500

UNIVERSITY OF PITTSBURGH

4200 5TH STREET
PITTSBURGH,PA15213 		NONE PC GENERAL SUPPORT 12,500

WATCHFUL SHEPHERD USA

600 WATERDAM PLAZA STE 240
MCMURRAY,PA15317 		NONE PC GENERAL SUPPORT 2,000

OAKLAND CATHOLIC HIGH SCHOOL

144 N CRAIG ST
PITTSBURGH,PA15213 		NONE PC GENERAL SUPPORT 7,000

TEMPLE UNIVERSITY MEDICAL FUND

PO BOX 827651
PHILADELPHIA,PA191827651 		NONE PC GENERAL SUPPORT 50,000

WASHINGTON PROF FIREFIGHTERS
ASSN
45 WEST WHEELING STREET
WASHINGTON,PA15301 		NONE PC GENERAL SUPPORT 2,500

COLUMBIA UNIVERSITY

116TH STREET BROADWAY
NEW YORK,NY10027 		NONE PC GENERAL SUPPORT 5,000

LEWIS KATZ SCHOOL OF MEDICINE

3500 N BROAD STREET
PHILADELPHIA,PA19140 		NONE PC GENERAL SUPPORT 10,000

WASHINGTON HEALTH SYSTEM

155 WILSON AVENUE
WASHINGTON,PA15301 		NONE PC GENERAL SUPPORT 5,000

CLELIAN HEIGHTS INC

135 CLELIAN HEIGHTS LN
Greensburg,PA15601 		NONE PC GENERAL SUPPORT 2,000

UNIVERSITY OF ROCHESTER

500 JOSEPH C WILSON BLVD
Rochester,NY14627 		NONE PC GENERAL SUPPORT 17,500

THE EMMAUS COMMUNITY OF PITTSBURGH

2821 SARAH ST
Pittsburgh,PA15203 		NONE PC GENERAL SUPPORT 5,000

ROCKNE FUND

1100 GRACE HALL
Notre Dame,IN46556 		NONE PC GENERAL SUPPORT 15,000

ITALIAN-AMERICAN SOCIETY

510 MAIN ST UNIT E
BENTLEYVILLE,PA15314 		NONE PC GENERAL SUPPORT 1,500

Friends of the Pittsburgh Fisher House

4071-4089 UNIVERSITY DR C
Pittsburgh,PA15219 		NONE PC GENERAL SUPPORT 2,500

RESURRECTION POWER

PO BOX 1533
Washington,PA15301 		NONE PC GENERAL SUPPORT 10,000

St Blaise Church

772 OHIO AVE
Midland,PA15059 		NONE PA GENERAL SUPPORT 2,000

Bradford House Museum

175 S MAIN ST
Washington,PA15301 		NONE PC GENERAL SUPPORT 2,000

TEN MEMORIAL

2300 OLD WASHINGTON RD
Pittsburgh,PA15241 		NONE PC GENERAL SUPPORT 5,000

WARRIORS ROCK

1323 MOUNT PLEASANT ROAD
Greensburg,PA15601 		NONE PC GENERAL SUPPORT 15,000

ST ANTHONY CHARITABLE FOUNDATION

2000 CORPORATE DRIVE
WEXFORD,PA15090 		NONE PC GENERAL SUPPORT 2,000

UNIVERSITY OF RICHMOND

410 WESTHAMPTON WAY
RICHMOND,PA23173 		NONE PC GENERAL SUPPORT 5,000
Total .................................right arrow 3a 954,500
bApproved for future payment
Total ................................. right arrow 3b  
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 ....     14 167,776  
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 .....       0  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 1,954  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aFEDERAL TAX REFUND 		    14 185  
bSECTION 897 CAPITA     14 218  
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   170,133  
13Total. Add line 12, columns (b), (d), and (e)..................
13
170,133
(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
SALVITTI FAMILY FOUNDATION IMA
 
Employer identification number

25-1755617
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
SALVITTI FAMILY FOUNDATION IMA
  		Employer identification number
25-1755617
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
DR E RONALD SALVITTI
 
750 E BEAU STREET
 
PITTSBURGH, PA15301

$ 308,482


(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
SALVITTI FAMILY FOUNDATION IMA
  		Employer identification number

25-1755617
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
 VARIOUS MARKETABLE SECURITIES $ 308,482 2023-08-01
(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
SALVITTI FAMILY FOUNDATION IMA
  		Employer identification number

25-1755617
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:
SALVITTI FAMILY FOUNDATION IMA
EIN:
25-1755617
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX PREPARATION FEE (NON-ALLOC 390     390

TY 2023 InvestmentsCorpBondsSchedule
Name:
SALVITTI FAMILY FOUNDATION IMA
EIN:
25-1755617
Name of Bond End of Year Book Value End of Year Fair Market Value
00817YAV0 AETNA INC CALL 04/15    
02079KAB3 ALPHABET INC UNSC 125,156 124,573
06747MQ58 BARCLAYS IEMG NOTE 1    
369550AW8 GENERAL DYNAMICS COR    
61768D7H2 MORGAN STANLEY SMID    
68389XBL8 ORACLE CORP CALL 07/    
65339KCM0 NEXTERA ENERGY CAPIT 97,396 100,944
78016FZT4 ROYAL BANK OF CANADA 98,332 100,246

TY 2023 InvestmentsCorpStockSchedule
Name:
SALVITTI FAMILY FOUNDATION IMA
EIN:
25-1755617
Name of Stock End of Year Book Value End of Year Fair Market Value
437076102 HOME DEPOT INC 37,974 207,930
478160104 JOHNSON & JOHNSON 86,394 94,044
580135101 MCDONALD'S CORP 131,256 237,208
594918104 MICROSOFT CORP 218,058 601,664
631103108 NASDAQ INC 130,984 174,420
713448108 PEPSICO INC 112,624 169,840
742718109 PROCTER & GAMBLE CO 103,371 161,194
883556102 THERMO FISHER SCIENT 107,560 265,395
34959E109 FORTINET INC 164,306 285,334
02079K305 ALPHABET INC/CA-CL A 19,813 279,380
03027X100 AMERICAN TOWER CORP    
22160K105 COSTCO WHOLESALE COR 87,600 264,032
30225T102 EXTRA SPACE STORAGE 71,276 118,003
30303M102 META PLATFORMS INC 25,515 55,218
46625H100 JPMORGAN CHASE & CO 66,179 170,100
65339F101 NEXTERA ENERGY INC 35,570 48,592
78409V104 S&P GLOBAL INC 73,104 264,312
91324P102 UNITEDHEALTH GROUP I 48,247 157,941
92826C839 VISA INC CLASS A SHA 25,046 260,350
002824100 ABBOTT LABORATORIES 69,434 187,119
009158106 AIR PRODUCTS & CHEMI 106,727 113,627
023135106 AMAZON COM INC 82,315 212,716
037833100 APPLE INC 258,748 623,027
060505104 BANK OF AMERICA CORP 90,740 134,680
09247X101 BLACKROCK INC    
166764100 CHEVRON CORPORATION 73,615 119,328
874039100 TAIWAN SEMICONDUCTOR 50,046 56,992
001084102 AGCO CORP    
038222105 APPLIED MATERIALS IN 99,396 146,673
20030N101 COMCAST CORPORATION 90,968 84,324
26884L109 EQT CORPORATION 102,891 137,088
369550108 GENERAL DYNAMICS COR 99,427 109,061
539830109 LOCKHEED MARTIN CORP 124,188 130,080
718546104 PHILLIPS 66 65,414 100,920
87612E106 TARGET CORP    
595112103 MICRON TECHNOLOGY IN 49,762 67,077
863667101 STRYKER CORP 49,552 53,603

TY 2023 InvestmentsGovtObligationsSch
Name:
SALVITTI FAMILY FOUNDATION IMA
EIN:
25-1755617
US Government Securities - End of Year Book Value:

1,205,237
US Government Securities - End of Year Fair Market Value:

1,275,430
State & Local Government Securities - End of Year Book Value:


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


 


TY 2023 InvestmentsOtherSchedule2
Name:
SALVITTI FAMILY FOUNDATION IMA
EIN:
25-1755617
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
464287507 ISHARES CORE S&P MID AT COST 48,501 159,361
09250J734 BLACKROCK EVENT DRIV AT COST 50,000 51,126
78463V107 SPDR GOLD TRUST ETF AT COST 24,133 27,720
464287804 ISHARES CORE S&P SMA AT COST 99,486 99,915
81369Y506 ENERGY SELECT SECTOR AT COST 82,538 125,760
024525669 AMERICAN BEACON AHL      
17260G301 CION ARES DIVERS CRE AT COST 20,000 20,096
38147X325 GLDMN SCHS ABS RTRN AT COST 30,000 29,314
46141T869 FIRST TRUST MERGER A AT COST 25,000 25,024

TY 2023 OtherDecreasesSchedule
Name:
SALVITTI FAMILY FOUNDATION IMA
EIN:
25-1755617
Description Amount
ADJUSTMENT FOR ACCRUED INTEREST 135
2023 TRANSACTION POSTED IN 2024 1,332
DIFFERENCE IN FMV OF CONTRIBUTED ASSETS 95,488
ADJ FOR BOND PREMIUM AMORT 16,962


TY 2023 OtherExpensesSchedule
Name:
SALVITTI FAMILY FOUNDATION IMA
EIN:
25-1755617
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
CLASS ACTION FILING FEES 4 4   0


TY 2023 OtherIncomeSchedule2
Name:
SALVITTI FAMILY FOUNDATION IMA
EIN:
25-1755617
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
FEDERAL TAX REFUND 185 0  
SECTION 897 CAPITAL GAIN 218 218  


TY 2023 OtherIncreasesSchedule
Name:
SALVITTI FAMILY FOUNDATION IMA
EIN:
25-1755617
Description Amount
COST BASIS ADJUSTMENT 180
2022 TRANSACTION POSTED IN 2023 185
ROUNDING ADJ FOR SALES AND TRANSACTIONS 1


TY 2023 OtherProfessionalFeesSchedule
Name:
SALVITTI FAMILY FOUNDATION IMA
EIN:
25-1755617
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PNC AGENT FOR TRUSTEE FEES 27,272 27,272    
NON-PNC CONSULTING FEES 25,000     25,000


TY 2023 TaxesSchedule
Name:
SALVITTI FAMILY FOUNDATION IMA
EIN:
25-1755617
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 54 54   0
FEDERAL TAX PAYMENT - PRIOR YE 3,512 0   0
FEDERAL ESTIMATES - PRINCIPAL 4,167 0   0