TY 2024 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
right arrow

Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0047

2024

Open to Public Inspection

For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024

Name of foundation
The Marino Health Foundation Inc

% Foundation Source

Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377

A Employer identification number

04-3403085

B Telephone number (see instructions)

(800) 839-1754

C If exemption application is pending, check here right arrow

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. right arrow

2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... right arrow

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... right arrow

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) right arrow

$6,213,600J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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)


1	Contributions, gifts, grants, etc., received (attach schedule)	0
2	Check .............
3	Interest on savings and temporary cash investments	11,099		11,099
4	Dividends and interest from securities...	133,318		133,318
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		363,467
b	Gross sales price for all assets on line 6a 1,951,469
7	Capital gain net income (from Part IV, line 2)...			363,467
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........	507,884		507,884
13	Compensation of officers, directors, trustees, etc.	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	37,700	37,700
17	Interest...............
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	3,000
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......	192				192
22	Printing and publications..........
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	24,834	1		24,833
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	65,726		37,701		25,025
25	Contributions, gifts, grants paid.......	240,000				240,000
26	Total expenses and disbursements. Add lines 24 and 25	305,726		37,701		265,025
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	202,158
b	Net investment income (if negative, enter -0-)			470,183
c	Adjusted net income (if negative, enter -0-)...				0

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2024)

Form 990-PF (2024)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	184,962	236,775	236,775
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)	1,579,967	List of Attached Documents: // Content 1,569,173	1,515,418
	b	Investments—corporate stock (attach schedule).......	2,535,083	List of Attached Documents: // Content 2,663,034	3,571,853
	c	Investments—corporate bonds (attach schedule).......	873,289	List of Attached Documents: // Content 906,477	889,554
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	5,173,301	5,375,459	6,213,600
	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 )
	23	Total liabilities (add lines 17 through 22).........	0	0
		Foundations that follow FASB ASC 958, check here
		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
		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	5,173,301	5,375,459
	29	Total net assets or fund balances (see instructions).....	5,173,301	5,375,459
	30	Total liabilities and net assets/fund balances (see instructions).	5,173,301	5,375,459

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

5,173,301

Enter amount from Part I, line 27a .....................

202,158

Other increases not included in line 2 (itemize) right arrow

Add lines 1, 2, and 3 ..........................

5,375,459

Decreases not included in line 2 (itemize) right arrow

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

5,375,459

Form 990-PF (2024)

Page 3

Part IV

Capital Gains and Losses for Tax on Investment Income

(a) List and describe the kind(s) of property sold (e.g., real estate, 2-story brick warehouse; or common stock, 200 shs. MLC Co.)		(b) How acquired P—Purchase D—Donation	(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1 a	Publicly-traded Securities
b
c
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	1,951,469	1,588,002	363,467
b
c
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69			(l) Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col.(h))
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a			363,467
b
c
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	363,467
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 ...................		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 and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	6,536
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
3	Add lines 1 and 2...........................	3	6,536
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	6,536
6	Credits/Payments:

a	2024 estimated tax payments and 2023 overpayment credited to 2024	6a	3,657
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	2,879
d	Backup withholding erroneously withheld ..........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	6,536
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. List of Attached Documents: // Content		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2025 estimated tax	Refunded	11

Form 990-PF (2024)

Page 4

Part VI-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. right arrow

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?.........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

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? ................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.

If "Yes," complete Part XIII .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address right arrow

The books are in care of right arrow

Foundation Source Telephone no. right arrow

(800) 839-1754

Located at right arrow

501 Silverside Road Suite 123WilmingtonDE ZIP+4 right arrow

198091377

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

16 At any time during calendar year 2024, 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 (2024)

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

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)

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person? ..............................

1a(2)

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........

1a(3)

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............

1a(4)

(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)

(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)

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 ..........

Organizations relying on a current notice regarding disaster assistance check here ........ right arrow

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 2024? .............

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)):

At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d

and 6e) for tax year(s) beginning before 2024?....................

If "Yes," list the years right arrow

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year? ..............................

If "Yes," did it have excess business holdings in 2024 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 2024.) .....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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 2024? ..

Form 990-PF (2024)

Page 6

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........

5a(1)

(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)

(3) Provide a grant to an individual for travel, study, or other similar purposes? .............

5a(3)

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions ........................

5a(4)

(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)

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 ........

Organizations relying on a current notice regarding disaster assistance check ......... right arrow

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? .................

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract? .............................

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....

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? .........................

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
Brent A Bauer MD	Dir 1.0	0	0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Dir 1.0	0	0	0
Daniel V Calano	Dir 1.0	0	0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Dir 1.0	0	0	0
Prentiss Higgins	Dir, Treas 1.0	0	0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Dir, Treas 1.0	0	0	0
Lorraine Marino-Snyder	Dir, Pres 1.0	0	0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Dir, Pres 1.0	0	0	0
Rakel Meir	Dir 1.0	0	0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Dir 1.0	0	0	0
W Mason Smith III	Dir 1.0	0	0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Dir 1.0	0	0	0
Adria Warren	Dir, Sec 1.0	0	0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Dir, Sec 1.0	0	0	0

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










Total number of other employees paid over $50,000...................

Form 990-PF (2024)

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

Total number of others receiving over $50,000 for professional services............. right arrow

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 (2024)

Page 8

Part IX

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

5,997,668

Average of monthly cash balances.......................

253,932

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

6,251,600

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

6,251,600

Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see

instructions) .............................

93,774

Net value of noncharitable-use assets. Subtract line 4 from line 3. ............

6,157,826

Minimum investment return. Enter 5% (0.05) of line 5................

307,891

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.)

Minimum investment return from Part IX, line 6..................

307,891

Tax on investment income for 2024 from Part V, line 5 .......

6,536

Income tax for 2024. (This does not include the tax from Part V.) ...

Add lines 2a and 2b............................

6,536

Distributable amount before adjustments. Subtract line 2c from line 1............

301,355

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

301,355

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...

301,355

Part XI

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

265,025

Program-related investments—total from Part VIII-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......

265,025

Form 990-PF (2024)

Page 9

Part XII

Undistributed Income (see instructions)

		(a) Corpus	(c) 2023	(d) 2024
1 Distributable amount for 2024 from Part X, line 7				301,355
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only.......			118,314
b Total for prior years:20 , 20, 20
3 Excess distributions carryover, if any, to 2024:
a From 2019......
b From 2020......
c From 2021......
d From 2022......
e From 2023......
f Total of lines 3a through e ........
4Qualifying distributions for 2024 from Part
XI, line 4: $ 265,025
a Applied to 2023, but not more than line 2a			118,314
b Applied to undistributed income of prior years (Election required—see instructions).....
c Treated as distributions out of corpus (Election required—see instructions)........
d Applied to 2024 distributable amount.....				146,711
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2024.
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		0
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........
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......
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........
e Undistributed income for 2023. Subtract line 4a from line 2a. Taxable amount—see instructions .............
f Undistributed income for 2024. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2025 ..........				154,644
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) .......
8 Excess distributions carryover from 2019 not applied on line 5 or line 7 (see instructions) ...
9 Excess distributions carryover to 2025. Subtract lines 7 and 8 from line 6a ......		0
10 Analysis of line 9:
a Excess from 2020....
b Excess from 2021....
c Excess from 2022....
d Excess from 2023....
e Excess from 2024....	0

Form 990-PF (2024)

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 2024, enter the date of the ruling ...... right arrow

b Check box to indicate whether the organization is a private operating foundation described in section 4942(j)(3) or4942(j)(5)

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) 2024	(b) 2023	(c) 2022	(d) 2021	(e) Total

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).)

NONE

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

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

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 (2024)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
BOSTON UNIVERSITY 595 COMMONWEALTH AVE W ENTRANCE BOSTON,MA02215	N/A	PC	The Sibling Blueprint Project	100,000
MASSACHUSETTS GENERAL HOSPITAL 125 NASHUA ST SUITE 540 BOSTON,MA02114	N/A	PC	IN SUPPORT OF THE INTEGRATED PRIMARY CARE (IPC) PROGRAM IN MASS GENERAL FOR CHILDREN TO BUILD ON THE IPC'S PROGRAM IN THE AREAS OF ONE-ON-ONE MENTAL HEALTH AND FOLLOW-UP OUTPATIENT INTERVENTIONS; INCREASING CAPACITY FOR MENTAL HEALTH INTERVENTIONS SUCH AS VIRTUAL GROUP-BASED THERAPY; TRAINING AND EDUCATION FOR THE IPC PROGRAM	100,000
SHRINERS HOSPITALS FOR CHILDREN 51 BLOSSOM ST BOSTON,MA02114	N/A	PC	To support the Child Life Services program.	40,000
Total ................................. 3a				240,000

bApproved for future payment

Total ................................. 3b

Form 990-PF (2024)

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	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments ....
3 Interest on savings and temporary cash investments ...........			14	11,099
4 Dividends and interest from securities ....			14	133,318
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	363,467
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) ..				507,884

13Total. Add line 12, columns (b), (d), and (e)..................

507,884

(See worksheet in line 13 instructions to verify calculations.)

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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 (2024)

Page 13

Part XVI

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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? ...........Yes No

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.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2024)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2024 DepreciationSchedule

Name:

The Marino Health Foundation Inc

EIN:

04-3403085

Description of Property	Date Acquired	Cost or Other Basis	Prior Years' Depreciation	Computation Method	Rate / Life (# of years)	Current Year's Depreciation Expense	Net Investment Income	Adjusted Net Income	Cost of Goods Sold Not Included

- TIN:

TY 2024 InvestmentsCorpBondsSchedule

Name:

The Marino Health Foundation Inc

EIN:

04-3403085

Name of Bond	End of Year Book Value	End of Year Fair Market Value
AMERICAN EXPRESS CREDIT MTN BO	55,646	48,458
APPLE INC NOTE CALL - 3.350% -	51,366	48,994
AT&T INC - 2.750% - 06/01/2031	34,884	35,670
BANK AMER CORP - 3.559% - 04/2	47,613	49,202
CITIGROUP INC - 5.610% - 09/29	22,092	22,120
GOLDMAN SACHS GROUP INC - 3.85	24,160	24,535
HOME DEPOT INC - 2.700% - 04/1	65,715	67,529
INTEL CORP - 3.150% - 05/11/20	25,338	23,979
INTEL CORP NOTE CALL MAKE WHOL	25,818	24,833
JPMORGAN CHASE & CO NOTE - 6.2	30,386	29,598
MICROSOFT CORP - 3.125% - 11/0	52,112	49,478
MORGAN STANLEY - 3.125% - 07/2	27,098	24,419
MORGAN STANLEY MTN - 4.889% -	48,133	47,482
ORACLE CORP - 6.150% - 11/09/2	47,181	47,196
PLAINS ALL AMERN PIPELINE L P	55,382	55,918
PROCTER &GAMBLE CO - 3.000% -	92,269	92,059
SALESFORCE COM - 3.700% - 04/1	48,103	48,684
UNITEDHEALTH GROUP INC NOTE -	26,061	25,151
VISA INC NOTE - 3.150% - 12/14	51,719	49,421
WELLS FARGO - 3.000% - 02/19/2	75,401	74,828

- TIN:

TY 2024 InvestmentsCorpStockSchedule

Name:

The Marino Health Foundation Inc

EIN:

04-3403085

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ABBOTT LABS	12,244	14,365
ACADEMY SPORTS AND OUTDOORS IN	2,570	3,164
ADOBE SYSTEMS, INC	13,032	17,787
ALIGN TECHNOLOGY, INC	9,892	7,506
ALNYLAM PHARMACEUTICALS, INC	7,367	10,824
ALPHABET INC CL A	19,024	49,218
ALPHABET INC CL C	6,893	32,756
AMAZON COM	20,777	78,322
AMERICAN TOWER REIT INC	10,145	9,904
AMERIPRISE FINANCIAL INC	5,373	22,894
AMETEK INC	4,236	9,914
AMPHENOL CORPORATION	4,193	13,890
ANALOG DEVICES INC	3,872	9,773
ANSYS INC	1,225	4,385
APPLE INC	17,990	65,610
ARES MANAGEMENT CORPORATION	7,117	17,703
ASTRAZENECA	15,926	18,739
AUTOMATIC DATA PROCESSING INC	2,356	8,489
AUTOZONE INC	3,641	16,010
AVANTOR HOLDINGS INC	4,857	3,139
BARCLAYS ETN PLUS SELECT MLP	85,138	144,369
BERRY PLASTICS GROUP INC	2,791	5,756
BIO RAD LABS INC CL A	2,716	3,285
BLACKROCK INC	5,371	12,301
CADENCE DESIGN SYSTEMS INC	4,608	15,323
CENCORA INC	11,519	14,829
CHENIERE ENERGY INC	12,757	19,338
CHEVRON CORP	7,542	8,835
CHIPOTLE MEX GRILL	4,153	9,045
CIBC ATLAS ALL CAP GROWTH FUND	366,056	380,374
CIBC ATLAS EQUITY INCOME FUND	143,558	185,249
CIBC ATLAS INTERNATIONAL GROWT	170,000	178,148
CINTAS CRP	5,148	8,770
CISCO SYSTEMS INC	11,190	18,885
CME GROUP, INC	10,447	11,612
CONOCOPHILLIPS	10,088	10,016
COPART INC	7,121	10,158
CORPAY INC	8,660	13,875
COSTAR GROUP, INC	2,125	4,367
CROWDSTRIKE HOLDINGS, INC	2,850	5,817
CURTISS WRIGHT CP	3,901	3,904
CYBERARK SOFTWARE LTD	6,225	8,329
DANAHER CORP	7,903	13,314
DATADOG INC	11,285	18,147
DEXCOM, INC	8,815	7,310
DIAMONDBACK ENERGY INC	5,623	7,045
DOMINOS PIZZA INC	3,367	5,457
DRAFTKINGS INC	9,006	8,779
ELEVANCE HEALTH INC	7,913	7,009
ENTEGRIS INC	8,532	8,519
EXXON MOBIL CORP	11,344	18,394
F M C CP	2,912	2,771
FIDELITY NATIONAL INFORMATION	13,157	12,358
FISERV, INC	7,115	19,515
FLOOR AND DECOR HOLDINGS	4,556	4,487
GALLAGHER ARTHUR J & CO	6,496	6,812
GE HEALTHCARE TECHNOLOGIES INC	2,716	2,893
GLOBUS MEDICAL INC	2,400	2,647
HOME DEPOT INC	10,905	15,560
HONEYWELL INTL	8,572	11,295
HOWMET AEROSPACE ORD SHS	5,160	17,062
HUBBELL INCORPORATED	2,732	10,472
HUBSPOT INC	14,845	19,510
ICON PLC - AMERICAN DEPOSITARY	2,542	2,307
IDEX CP	5,353	7,325
IDEXX CORP	6,366	5,375
INGERSOLL-RAND INC	5,318	9,679
INTERCONTINENTAL EXCHANGE, INC	9,698	16,838
IQVIA HOLDINGS INC	15,225	13,363
ISHARES RUSSELL 2000	191,674	192,677
JOHN HANCOCK FDS III DISCIPLIN	225,502	231,389
JP MORGAN CHASE	4,405	18,937
KEYSIGHT TECHNOLOGIES INC	4,326	7,710
LAZARD GLOBAL LISTED INFRASTRU	111,015	104,189
LINDE PLC COM	7,277	14,235
LIVE NATION INC COM	3,005	4,533
MARRIOTT INTERNATIONAL INC. CL	4,706	11,715
MARTIN MARIETTA MATLS INC	7,213	10,847
MARVELL TECHNOLOGY, INC	3,897	11,597
MASCO CORP	3,297	6,241
MCDONALD'S CORP	13,824	14,205
META PLATFORMS INC	9,827	12,296
MFS INSTITUTIONAL INVESTORS TR	158,757	207,852
MICROCHIP TECHNOLOGY INC	2,780	5,047
MICROSOFT CORP	13,231	89,780
MONDAY.COM LTD	7,905	8,476
MONDELEZ INTERNATIONAL INC	7,883	8,183
MONGODB INC CL A	4,990	3,958
MONOLITHIC POWER SYSTEMS, INC	11,436	8,876
MONSTER BEVERAGE CORP	14,318	19,079
MSCI INC	1,059	7,200
NEXTERA ENERGY, INC	12,303	11,972
NVIDIA CORP	27,856	69,562
O'REILLY AUTOMOTIVE INC	4,957	5,929
OSHKOSH CORP	3,683	3,803
OTIS WORLDWIDE CORP	8,414	13,243
PENTAIR INC. COM	1,478	3,824
PEPSICO INC	9,826	12,013
PINTEREST INC	9,383	7,366
PNC FINANCIAL GROUP INC	8,547	11,378
PROCORE TECHNOLOGIES INC	1,970	2,473
PROLOGIS	12,022	10,993
QUALCOMM INC	10,693	17,513
RAYTHEON TECHNOLOGIES CORP	10,113	15,854
REGAL REXNORD CORP	3,492	5,895
REVVITY INC	7,770	7,589
ROPER INDUSTRIES	14,655	21,314
ROSS STORES, INC	8,385	14,522
S&P GLOBAL INC COM	8,486	11,953
SAIA, INC	6,267	6,836
SALESFORCE.COM	19,536	29,421
SBA COMMUNICATIONS CORP	3,039	3,668
SEAFARER OVERSEAS GROWTH & INC	175,000	167,366
SPROUTS FARMERS MARKET INC	2,282	14,613
STRYKER CORPORATION	5,654	9,721
T-MOBILE US INC	4,453	8,608
TE CONNECTIVITY LTD	15,635	16,442
THE BLACKSTONE GROUP INC CL A	5,939	20,518
THE TRADE DESK INC	9,965	16,807
THERMO FISHER SCIENTIFIC INC	3,182	13,006
TJX COMPANIES INC	6,258	13,168
TRACTOR SUPPLY CO COM	4,210	12,204
TRADEWEB MARKETS INC	8,538	14,270
TRANSUNION COM USD0.01	4,766	8,344
ULTA SALON, COSMETICS & FRAGRA	6,486	6,089
UNION PACIFIC	9,410	15,507
UNITEDHEALTH GROUP INC	11,560	30,857
US BANCORP	11,903	11,288
US FOODS HOLDING CORPORATION	5,883	10,659
VALVOLINE INC	5,115	4,233
VEEVA SYSTEMS INC	12,116	12,825
VERTIV CL A	5,707	5,112
VICI PROPERTIES INC	6,685	6,397
VISA INC	17,462	38,873
WALT DISNEY HOLDINGS CO	19,064	16,591
WASTE CONNECTIONS	8,075	10,466
WEC ENERGY GROUP, INC	4,753	4,984
WESCO INTL INC	4,068	4,705
WORKDAY INC	11,549	12,127
ZOETIS INC	5,649	6,191
ZSCALER INC	8,198	8,118
ZURN WATER SOLUTIONS	1,717	4,401

- TIN:

TY 2024 InvestmentsGovtObligationsSch

Name:

The Marino Health Foundation Inc

EIN:

04-3403085

US Government Securities - End of Year Book Value:

1,569,173

US Government Securities - End of Year Fair Market Value:

1,515,418

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

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

- TIN:

TY 2024 OtherExpensesSchedule

Name:

The Marino Health Foundation Inc

EIN:

04-3403085

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
Administrative Fees	24,638		24,638
Bank Charges	1	1
CREDIT CARD FEES	176		176
State or Local Filing Fees	19		19

- TIN:

TY 2024 OtherProfessionalFeesSchedule

Name:

The Marino Health Foundation Inc

EIN:

04-3403085

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Investment Management Services	37,700	37,700

- TIN:

TY 2024 TaxesSchedule

Name:

The Marino Health Foundation Inc

EIN:

04-3403085

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
990-PF Estimated Tax for 2024	3,000