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
2024
Open to Public Inspection
For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024
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$6,678,929J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 177,017 177,017  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 973,749
b Gross sales price for all assets on line 6a 3,319,561
7 Capital gain net income (from Part IV, line 2)... 973,749
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
5,395 35  
12 Total. Add lines 1 through 11........ 1,156,161 1,150,801  
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).......        
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
50,560 25,560   25,000
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
1,242 252   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
25 25    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 51,827 25,837 0 25,000
25 Contributions, gifts, grants paid....... 2,645,000 2,645,000
26 Total expenses and disbursements. Add lines 24 and 25 2,696,827 25,837 0 2,670,000
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,540,666
b Net investment income (if negative, enter -0-) 1,124,964
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 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......... 30,837 93,590 93,590
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) 1,205,237 Click to see attachment
List of Attached Documents:
// Content
488,026 		497,099
b Investments—corporate stock (attach schedule)....... 2,958,100 Click to see attachment
List of Attached Documents:
// Content
1,978,463 		5,191,103
c Investments—corporate bonds (attach schedule)....... 320,884 Click to see attachment
List of Attached Documents:
// Content
496,966 		501,577
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).......... 379,658 Click to see attachment
List of Attached Documents:
// Content
272,004 		395,560
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) 4,894,716 3,329,049 6,678,929
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........ 4,894,716 3,329,049
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)..... 4,894,716 3,329,049
30 Total liabilities and net assets/fund balances (see instructions). 4,894,716 3,329,049
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
4,894,716
2
Enter amount from Part I, line 27a .....................
2
-1,540,666
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
3,513
4
Add lines 1, 2, and 3 ..........................
4
3,357,563
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
28,514
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
3,329,049
Form 990-PF (2024)
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 236. APPLE INC   2021-10-07 2024-01-03
b 338. EXTRA SPACE STORAGE INC   2018-04-04 2024-01-03
c 200. MICROSOFT CORP   2021-10-07 2024-01-03
d 3000. NASDAQ INC   2020-07-29 2024-01-03
e 300000. USA TREASURY NOTES TREASURY INFLATION PROT SECS   2020-06-04 2024-01-03
1000. BANK OF AMERICA CORP   2017-01-09 2024-01-30
100. PROCTER & GAMBLE CO   2020-06-24 2024-01-30
1500. ENERGY SELECT SECTOR SPDR FUND ETF   2021-10-07 2024-01-30
250000. USA TREASURY NOTES TREASURY INFLATION PROTECT SECS   2020-01-16 2024-01-30
250000. USA TREASURY NOTES TREASURY INFLATION PROTECT SEC   2020-07-13 2024-01-30
125000. ALPHABET INC UNSC   2019-05-22 2024-02-25
404. AGCO CORP   2024-01-30 2024-03-01
3000. BANK OF AMERICA CORP   2017-01-09 2024-03-01
328. CHEVRON CORPORATION   2021-02-12 2024-03-01
134. COSTCO WHOLESALE CORP   2019-02-19 2024-03-01
262. HOME DEPOT INC   2013-01-08 2024-03-01
895. ISHARES CORE S&P MID-CAP ETF   2024-01-30 2024-03-01
839. ISHARES CORE S&P MID-CAP ETF   2009-05-27 2024-03-01
175. THERMO FISHER SCIENTIFIC INC   2018-03-13 2024-03-01
1. GOLD FIXING 2ND SETTLEMENT CLASS ACTION   2001-01-01 2024-04-18
1. WELLS FARGO & CO XXX-XX-XXXX CLASS ACTION   2001-01-01 2024-05-14
3546. EQT CORPORATION   2022-03-23 2024-07-23
300. APPLE INC   2021-10-07 2024-08-23
375. FORTINET INC   2021-07-16 2024-08-23
420. GENERAL DYNAMICS CORP   2022-08-15 2024-08-23
200. MICROSOFT CORP   2021-10-07 2024-08-23
400. APPLE INC   2021-10-07 2024-09-17
200. MICROSOFT CORP   2017-02-28 2024-09-17
100. S&P GLOBAL INC   2017-01-26 2024-09-17
15. AIR PRODUCTS & CHEMICALS INC   2021-10-07 2024-09-19
5. APPLIED MATERIALS INC   2022-08-15 2024-09-19
2. CHEVRON CORPORATION   2021-02-12 2024-09-19
23. COMCAST CORPORATION CL A   2022-03-25 2024-09-19
11. COSTCO WHOLESALE CORP   2019-02-19 2024-09-19
4. EXTRA SPACE STORAGE INC   2018-04-04 2024-09-19
1. META PLATFORMS INC   2022-08-24 2024-09-19
500. FORTINET INC   2021-07-16 2024-09-19
3. HOME DEPOT INC   2013-01-08 2024-09-19
2. LOCKHEED MARTIN CORP   2022-08-15 2024-09-19
35. MICRON TECHNOLOGY INC   2024-01-30 2024-09-19
8. PHILLIPS 66   2022-02-09 2024-09-19
19. RTX CORPORATION   2024-01-30 2024-09-19
4. STRYKER CORP   2023-08-21 2024-09-19
48. TAIWAN SEMICONDUCTOR MTG CO ADR   2023-08-21 2024-09-19
300. ALPHABET INC/CA-CL A   2009-05-08 2024-10-11
300. APPLE INC   2021-10-07 2024-10-11
500. FORTINET INC   2021-04-19 2024-10-11
200. MICROSOFT CORP   2017-02-28 2024-10-11
500. APPLE INC   2011-06-02 2024-12-13
CAPITAL GAIN DIVIDENDS P    
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(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 43,369   33,917 9,452
b 54,338   36,992 17,346
c 74,232   59,106 15,126
d 168,391   130,984 37,407
e 351,654   357,681 -6,027
34,800   22,685 12,115
15,741   11,668 4,073
126,899   82,538 44,361
316,417   273,330 43,087
315,587   280,250 35,337
125,000   125,000  
44,450   50,298 -5,848
102,919   68,055 34,864
50,231   30,182 20,049
100,243   29,346 70,897
100,505   16,582 83,923
51,916   49,726 2,190
48,668   25,116 23,552
100,888   37,646 63,242
50     50
58     58
125,064   102,891 22,173
67,824   43,115 24,709
27,828   19,651 8,177
123,511   99,427 24,084
83,118   59,106 24,012
86,338   57,486 28,852
86,956   35,943 51,013
52,138   12,184 39,954
4,360   3,964 396
988   549 439
292   184 108
929   1,088 -159
9,913   2,409 7,504
720   345 375
560   164 396
37,939   26,201 11,738
1,170   190 980
1,131   865 266
3,153   3,015 138
1,065   717 348
2,257   1,722 535
1,463   1,107 356
8,503   4,384 4,119
49,123   3,029 46,094
68,589   43,115 25,474
41,426   21,950 19,476
83,184   12,780 70,404
123,307   67,129 56,178
      356
      356
      356
      356
      356
      356
      356
      356
      356
      356
      356
      356
      356
      356
      356
      356
      356
      356
      356
      356
      356
      356
      356
      356
      356
      356
      356
      356
      356
      356
      356
      356
      356
      356
      356
      356
      356
      356
      356
      356
      356
      356
      356
      356
      356
      356
      356
      356
      356
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       9,452
b       17,346
c       15,126
d       37,407
e       -6,027
      12,115
      4,073
      44,361
      43,087
      35,337
       
      -5,848
      34,864
      20,049
      70,897
      83,923
      2,190
      23,552
      63,242
      50
      58
      22,173
      24,709
      8,177
      24,084
      24,012
      28,852
      51,013
      39,954
      396
      439
      108
      -159
      7,504
      375
      396
      11,738
      980
      266
      138
      348
      535
      356
      4,119
      46,094
      25,474
      19,476
      70,404
      56,178
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 2 973,749
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 15,637
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 15,637
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 15,637
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 1,982
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 1,982
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 13,655
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow0 Refundedright arrow 11 0
Form 990-PF (2024)
Form 990-PF (2024)
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 2024 or the taxable year beginning in 2024? 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 arrow500 FIRST AVE P7-PFSC-03-ZPITTSBURGHPA ZIP+4right arrow15219
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 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)
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
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 2024? .............
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 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
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 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.) .....................
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 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
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 (2024)
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
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 (2024)
Form 990-PF (2024)
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
7,669,093
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
7,669,093
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
7,669,093
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
115,036
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
7,554,057
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
377,703
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
377,703
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
15,637
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
15,637
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
362,066
4
Recoveries of amounts treated as qualifying distributions................
4
1,500
5
Add lines 3 and 4............................
5
363,566
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
363,566
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
2,670,000
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
2,670,000
Form 990-PF (2024)
Form 990-PF (2024)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2023 		(c)
2023 		(d)
2024
1 Distributable amount for 2024 from Part X, line 7 363,566
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019...... 1,670,216
b From 2020...... 205,402
c From 2021...... 848,323
d From 2022...... 1,731,004
e From 2023...... 574,181
f Total of lines 3a through e ........ 5,029,126
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 2,670,000
a Applied to 2023, 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 2024 distributable amount..... 363,566
e Remaining amount distributed out of corpus 2,306,434
5 Excess distributions carryover applied to 2024. 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 7,335,560
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 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		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 2019 not
applied on line 5 or line 7 (see instructions) ... 		1,670,216
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		5,665,344
10 Analysis of line 9:
a Excess from 2020.... 205,402
b Excess from 2021.... 848,323
c Excess from 2022.... 1,731,004
d Excess from 2023.... 574,181
e Excess from 2024.... 2,306,434
Form 990-PF (2024)
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 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) 2024 (b) 2023 (c) 2022 (d) 2021
         
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 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)
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)
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 25,000

BRONSON HOUSE-THE NEIGHBORHOOD

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

WASHINGTON WOMEN'S SHELTER

PO BOX 503
WASHINGTON,PA15301 		NONE PC GENERAL SUPPORT 10,000

CENTRAL CATHOLIC HIGH SCHOOL

320 BILMAR DRIVE
PITTSBURGH,PA15212 		NONE PC GENERAL SUPPORT 10,000

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 2,500

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 2,000

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

JOHN F KENNEDY SCHOOL

111 W SPRUCE STREET
WASHINGTON,PA15301 		NONE PC GENERAL SUPPORT 5,000

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

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 2,500

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

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 COUNTY HUMANE SOCIETY

1527 PENNSYLVANIA 136
EIGHTY FOUR,PA15330 		NONE PC GENERAL SUPPORT 5,000

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 2,000

WATCHFUL SHEPHERD USA

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

TEMPLE UNIVERSITY MEDICAL FUND

PO BOX 827651
PHILADELPHIA,PA191827651 		NONE PC GENERAL SUPPORT 10,000

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 2,500

WASHINGTON HEALTH SYSTEM

155 WILSON AVENUE
WASHINGTON,PA15301 		NONE PC GENERAL SUPPORT 2,500

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 10,000

ST ANTHONY CHARITABLE FOUNDATION

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

ITALIAN-AMERICAN SOCIETY

510 MAIN ST UNIT E
BENTLEYVILLE,PA15314 		NONE PC GENERAL SUPPORT 3,000

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

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

LEWIS KATZ SCHOOL OF MEDICINE

3500 N BROAD STREET
PHILADELPHIA,PA19140 		NONE PC GENERAL SUPPORT 507,500

TEN MEMORIAL

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

UNIVERSITY OF RICHMOND

410 WESTHAMPTON WAY
RICHMOND,PA23173 		NONE PC GENERAL SUPPORT 10,000

Visions Services of Washington Greene

566 E MAIDEN ST
Washington,PA15301 		NONE PC GENERAL SUPPORT 2,500

SHADYSIDE ACADEMY

423 FOX CHAPEL ROAD
PITTSBURGH,PA15238 		NONE PC GENERAL SUPPORT 30,000

UNIVERSITY OF PITTSBURGH

4200 5TH STREET
PITTSBURGH,PA15213 		NONE PC GENERAL SUPPORT 1,015,000

WASHINGTON AND JEFFERSON COLLEGE

60 S LINCOLN STREET
WASHINGTON,PA15301 		NONE PC GENERAL SUPPORT 760,000

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 27,500

Ambulance and Chair Ems Inc Fka Leelynn

75 BRADEN ST
Washington,PA153014001 		NONE PC GENERAL SUPPORT 5,000

MAKE A WISH

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

CLASSROOMS WITHOUT BORDERS

538 S CAMPUS WAY
Davis,CA956163523 		NONE PC GENERAL SUPPORT 1,000

The Cleveland Clinic Foundation

9500 EUCLID AVE RK15
CLEVELAND,OH441950001 		NONE PC GENERAL SUPPORT 5,000

AMERICAN ACADEMY OF OPHTHALMOLOGY INC

655 BEACH STREET
SAN FRANCISCO,CA941091342 		NONE PC GENERAL SUPPORT 2,500

Charlotte County Habitat for Humanity

1750 MANZANA AVE
PUNTA GORDA,FL339506049 		NONE PC GENERAL SUPPORT 5,000

GRAND LODGE OF PA SONS & DAUGHTERS OF
ITALY PRIMO ITALIANO LODGE 2800
PO BOX 952
Washington,PA153010952 		NONE PC GENERAL SUPPORT 1,000

WASHINGTON SYMPHONY ORCHESTRA

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

P G LIGHT UP THE TREE INC

701 JC CENTER CT
PORT CHARLOTTE,FL33954 		NONE PC GENERAL SUPPORT 10,000

TRIPOLI FOUNDATION

338 BRABANT AVE
Las Vegas,NV891834269 		NONE PC GENERAL SUPPORT 25,000
Total .................................right arrow 3a 2,645,000
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2024)
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
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 ....     14 177,017  
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 ............ 		    18 973,749  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aFEDERAL TAX REFUND 		    14 5,360  
bSECTION 897 CAPITA     14 35  
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   1,156,161  
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,156,161
(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 (2024)
Form 990-PF (2024)
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
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Form 990-PF (2024)
Additional Data


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Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 InvestmentsCorpBondsSchedule
Name:
SALVITTI FAMILY FOUNDATION IMA
EIN:
25-1755617
Name of Bond End of Year Book Value End of Year Fair Market Value
02079KAB3 ALPHABET INC UNSC    
65339KCM0 NEXTERA ENERGY CAPIT 97,396 100,135
78016FZT4 ROYAL BANK OF CANADA 98,332 100,270
26441CBW4 DUKE ENERGY CORP CAL 100,512 100,713
459200KX8 IBM CORP CALL 01/06/ 99,876 99,411
92939UAJ5 WEC ENERGY GROUP INC 100,850 101,048

TY 2024 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 21,202 130,312
478160104 JOHNSON & JOHNSON 86,394 86,772
580135101 MCDONALD'S CORP 131,256 231,912
594918104 MICROSOFT CORP 51,122 337,200
631103108 NASDAQ INC    
713448108 PEPSICO INC 112,624 152,060
742718109 PROCTER & GAMBLE CO 91,704 167,650
883556102 THERMO FISHER SCIENT 69,914 169,075
34959E109 FORTINET INC 96,505 330,680
02079K305 ALPHABET INC/CA-CL A 16,783 321,810
22160K105 COSTCO WHOLESALE COR 55,845 233,649
30225T102 EXTRA SPACE STORAGE 33,939 58,942
30303M102 META PLATFORMS INC 25,352 90,754
46625H100 JPMORGAN CHASE & CO 66,179 239,710
65339F101 NEXTERA ENERGY INC 35,570 57,352
78409V104 S&P GLOBAL INC 60,920 249,015
91324P102 UNITEDHEALTH GROUP I 48,247 151,758
92826C839 VISA INC CLASS A SHA 25,046 316,040
002824100 ABBOTT LABORATORIES 69,434 192,287
009158106 AIR PRODUCTS & CHEMI 102,764 116,016
023135106 AMAZON COM INC 82,315 307,146
037833100 APPLE INC 13,987 375,630
060505104 BANK OF AMERICA CORP    
166764100 CHEVRON CORPORATION 43,249 68,075
874039100 TAIWAN SEMICONDUCTOR 45,662 98,745
038222105 APPLIED MATERIALS IN 98,847 146,367
20030N101 COMCAST CORPORATION 89,880 71,307
26884L109 EQT CORPORATION    
369550108 GENERAL DYNAMICS COR    
539830109 LOCKHEED MARTIN CORP 123,322 138,493
718546104 PHILLIPS 66 64,697 85,448
595112103 MICRON TECHNOLOGY IN 85,422 100,992
863667101 STRYKER CORP 48,445 63,009
67066G104 NVIDIA CORP 43,325 53,716
75513E101 RTX CORPORATION 38,512 49,181

TY 2024 InvestmentsGovtObligationsSch
Name:
SALVITTI FAMILY FOUNDATION IMA
EIN:
25-1755617
US Government Securities - End of Year Book Value:

488,026
US Government Securities - End of Year Fair Market Value:

497,099
State & Local Government Securities - End of Year Book Value:


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


 


TY 2024 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 23,385 126,863
09250J734 BLACKROCK EVENT DRIV AT COST 50,000 51,177
78463V107 SPDR GOLD TRUST ETF AT COST 24,133 35,109
464287804 ISHARES CORE S&P SMA AT COST 99,486 106,348
81369Y506 ENERGY SELECT SECTOR      
17260G301 CION ARES DIVERS CRE AT COST 20,000 20,199
38147X325 GLDMN SCHS ABS RTRN AT COST 30,000 31,029
46141T869 FIRST TRUST MERGER A AT COST 25,000 24,835

TY 2024 OtherDecreasesSchedule
Name:
SALVITTI FAMILY FOUNDATION IMA
EIN:
25-1755617
Description Amount
2024 TRANSACTION POSTED IN 2025 885
ADJ FOR BOND PREMIUM AMORT 27,629


TY 2024 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 25 25   0


TY 2024 OtherIncomeSchedule2
Name:
SALVITTI FAMILY FOUNDATION IMA
EIN:
25-1755617
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
FEDERAL TAX REFUND 5,360 0  
SECTION 897 CAPITAL GAIN 35 35  


TY 2024 OtherIncreasesSchedule
Name:
SALVITTI FAMILY FOUNDATION IMA
EIN:
25-1755617
Description Amount
RETURN OF GRANTS 1,500
ADJUSTMENT FOR ACCRUED INTEREST 555
2023 TRANSACTION POSTED IN 2024 1,332
ROUNDING ADJ FOR SALES AND TRANSACTIONS 4
COST BASIS ADJUSTMENT 122


TY 2024 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 25,560 25,560    
NON-PNC CONSULTING FEES 25,000     25,000


TY 2024 TaxesSchedule
Name:
SALVITTI FAMILY FOUNDATION IMA
EIN:
25-1755617
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 252 252   0
FEDERAL ESTIMATES - PRINCIPAL 990 0   0