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 VECELLIO FAMILY FOUNDATION INC

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 2438
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
BECKLEY, WV25802

A Employer identification number

55-0538242

B Telephone number (see instructions)

(304) 252-6575

C 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

$10,733,167J 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	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	251,998		251,998
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		421,950
b	Gross sales price for all assets on line 6a 1,009,642
7	Capital gain net income (from Part IV, line 2)...			421,950
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).......	List of Attached Documents: // Content	360	360
12	Total. Add lines 1 through 11........	674,308		674,308
13	Compensation of officers, directors, trustees, etc.	0		0	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......	List of Attached Documents: // Content	6,750	0	6,750
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	66,728	66,728	0
17	Interest...............
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	17,419	0	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	385	0	385
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	91,282		66,728	7,135
25	Contributions, gifts, grants paid.......	419,250			419,250
26	Total expenses and disbursements. Add lines 24 and 25	510,532		66,728	426,385
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	163,776
b	Net investment income (if negative, enter -0-)			607,580
c	Adjusted net income (if negative, enter -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.........	216,553	626,453	626,453
	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)
	b	Investments—corporate stock (attach schedule).......	7,966,512	List of Attached Documents: // Content 8,393,174	8,393,174
	c	Investments—corporate bonds (attach schedule).......	1,784,193	List of Attached Documents: // Content 1,685,371	1,685,371
	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 )	List of Attached Documents: // Content 27,191	List of Attached Documents: // Content 28,169	List of Attached Documents: // Content 28,169
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	9,994,449	10,733,167	10,733,167
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................	232,250	183,750
	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).........	232,250	183,750
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........	9,762,199	10,549,417
	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
	29	Total net assets or fund balances (see instructions).....	9,762,199	10,549,417
	30	Total liabilities and net assets/fund balances (see instructions).	9,994,449	10,733,167

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

9,762,199

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

163,776

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

List of Attached Documents:

// Content

623,442

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

10,549,417

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 .

10,549,417

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	85 UNITS ALPHABET INC CUSIP 02079K107		2010-05-25	2024-04-04
b	155 UNITS ALPHABET INC CUSIP 02079K107		2010-05-25	2024-12-02
c	70 UNITS ALPHABET INC CUSIP 02079K305		2010-05-25	2024-04-04
d	160 UNITS ALPHABET INC CUSIP 02079K305		2010-05-25	2024-12-02
e	255 UNITS AMAZON INC		2015-01-28	2024-12-03
	330 UNITS APPLE INC		2013-05-09	2024-12-03
	297 UNITS THE BOEING CO		2009-05-29	2024-10-15
	864 UNITS CVS HEALTH CORP		2020-02-10	2024-07-25
	200,000 COMCAST CORP DEBT SECURITIES	P	2019-02-25	2024-04-15
	60 UNITS HOME DEPOT INC.		2010-07-26	2024-04-04
	2,009 UNITS INTEL CORP		2015-03-26	2024-10-15
	140 UNITS JPMORGAN CHASE & CO		2014-03-10	2024-12-03
	180 UNITS MICROSOFT CORP		2013-06-06	2024-12-03
	0.75 UNITS SOLVENTUM CORP		2012-07-09	2024-05-07
	87.50 UNITS SOLVENTUM CORP		2010-07-26	2025-07-25
	10.50 UNITS SOLVENTUM CORP		2012-07-09	2025-07-25
	200,000 UNITS TOYOTA MTR CR CORP DEBT SECURITIES	P	2019-02-25	2024-01-08
	40 UNITS UNITEDHEALTH GROUP INC		2004-01-16	2024-12-03
	615 UNITS WALMART STORES INC.		1998-07-31	2024-12-03
	CAPITAL GAIN DISTRIBUTIONS - ROYCE OPPORTUNITY FUND		2020-01-01	2024-12-13

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	13,187	1,004	12,183
b	26,814	1,831	24,983
c	10,748	832	9,916
d	27,434	1,901	25,533
e	54,310	3,888	50,422
	79,759	5,405	74,354
	44,788	13,307	31,481
	51,114	62,757	-11,643
	200,000	204,720	-4,720
	21,756	1,718	20,038
	45,884	60,116	-14,232
	34,371	8,296	26,075
	77,430	6,268	71,162
	48	41	7
	5,090	4,722	368
	611	578	33
	200,000	202,598	-2,598
	24,262	1,169	23,093
	57,456	6,541	50,915
	34,580		34,580

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			12,183
b			24,983
c			9,916
d			25,533
e			50,422
			74,354
			31,481
			-11,643
			-4,720
			20,038
			-14,232
			26,075
			71,162
			7
			368
			33
			-2,598
			23,093
			50,915
			34,580

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	421,950
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	8,445
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	8,445
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	8,445
6	Credits/Payments:

a	2024 estimated tax payments and 2023 overpayment credited to 2024	6a	9,848
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	0
d	Backup withholding erroneously withheld ..........	6d	0

7	Total credits and payments. Add lines 6a through 6d..............		7	9,848
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.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	1,403
11	Enter the amount of line 10 to be: Credited to 2025 estimated tax1,403	Refunded	11	0

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

$ 0(2) On foundation managers. right arrow

$ 0

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

on foundation managers. right arrow

$ 0

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

N/A

The books are in care of right arrow

MICHAEL SULLIVAN Telephone no. right arrow

(561) 793-2102

Located at right arrow

450 ROYAL PALM WAY 2ND FLOORPALM BEACHFL ZIP+4 right arrow

33480

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
LEO A VECELLIO JR	PRESIDENT/TRUSTEE 0.00	0	0	0
1500 SOUTH OCEAN BLVD PALM BEACH,FL33480	PRESIDENT/TRUSTEE 0.00	0	0	0
MICHAEL J SULLIVAN	SECRETARY/TREASURER 0.00	0	0	0
PO BOX 2438 BECKLEY,WV25802	SECRETARY/TREASURER 0.00	0	0	0
KATHRYN C VECELLIO	VICE PRESIDENT/TRUSTEE 0.00	0	0	0
1500 SOUTH OCEAN BLVD PALM BEACH,FL33480	VICE PRESIDENT/TRUSTEE 0.00	0	0	0
ROBERT L CASTRODALE	TRUSTEE 0.00	0	0	0
7002 VERDE VISTA CIRCLE ASHVILLE,NC28805	TRUSTEE 0.00	0	0	0
PATRICIA VECELLIO CUNNINGHAM	TRUSTEE 0.00	0	0	0
6110 STRATFORD RD ROANOKE,VA24018	TRUSTEE 0.00	0	0	0
LL GWINN	ASST SECRETARY/TREASURER 0.00	0	0	0
PO BOX 2438 BECKLEY,WV25802	ASST SECRETARY/TREASURER 0.00	0	0	0
CHRISTOPHER S VECELLIO	VICE PRESIDENT/TRUSTEE 0.00	0	0	0
196 VIA DEL MAR PALM BEACH,FL33480	VICE PRESIDENT/TRUSTEE 0.00	0	0	0
MICHAEL A VECELLIO	VICE PRESIDENT/TRUSTEE 0.00	0	0	0
112 VIA PALMA PALM BEACH,FL33480	VICE PRESIDENT/TRUSTEE 0.00	0	0	0
MELISSA MCCABE	ASST SECRETARY 0.00	0	0	0
PO BOX 2438 BECKLEY,WV25802	ASST SECRETARY 0.00	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
NONE









Total number of other employees paid over $50,000...................				0

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

10,125,751

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

470,152

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

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

10,595,903

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

10,595,903

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

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

158,939

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

10,436,964

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

521,848

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

521,848

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

8,445

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

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

8,445

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

513,403

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

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

513,403

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

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

513,403

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 ..........

426,385

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. .......

426,385

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					513,403
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......
b From 2020......
c From 2021......	24,536
d From 2022......	133,376
e From 2023......	66,318
f Total of lines 3a through e ........		224,230
4Qualifying distributions for 2024 from Part
XI, line 4: $ 426,385
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.....					426,385
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2024.		87,018			87,018
(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		137,212
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) ...		0
9 Excess distributions carryover to 2025. Subtract lines 7 and 8 from line 6a ......		137,212
10 Analysis of line 9:
a Excess from 2020....
b Excess from 2021....
c Excess from 2022....	70,894
d Excess from 2023....	66,318
e Excess from 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 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).)

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 e-mail address of the person to whom applications should be addressed:

THE VECELLIO FAMILY FOUNDATION INC
PO BOX 2438
BECKLEY,WV25802
(561) 232-2597

bThe form in which applications should be submitted and information and materials they should include:

NO SPECIFIC APPLICATION FORM REQUIRED. HOWEVER, ALL APPLICATIONS SHOULD CONTAIN INFORMATION ABOUT THE OPERATIONS OF THE ORGANIZATION REQUESTING THE GRANT, SPECIFICS AS TO HOW THE GRANT WILL BE USED AND OTHER FINANCIAL RESOURCES AND COMMITMENTS OF THE REQUESTING ORGANIZATION. A BRIEF BIOGRAPHY OF THE INDIVIDUALS INVOLVED IN THE OPERATION OF THE ORGANIZATION SHOULD ALSO BE INCLUDED. THE FOUNDATION REQUIRES THE REQUESTING ORGANIZATION'S FEDERAL IDENTIFICATION NUMBER, A COPY OF ITS LETTER FROM THE INTERNAL REVENUE SERVICE STATING THAT IT IS A NON-PROFIT ORGANIZATION AND A COPY OF ITS LETTER FROM THE INTERNAL REVENUE SERVICE STATING THAT THE REQUESTING ORGANIZATION IS NOT A PRIVATE FOUNDATION.

cAny submission deadlines:

GRANTS ARE DISBURSED IN DECEMBER EACH YEAR. ALL REQUESTS ARE TO BE REC'D PRIOR TO NOVEMBER 1.

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

THE VECELLIO FAMILY FOUNDATION, INC. WILL MAKE NO CHARITABLE GRANTS DIRECTLY TO ANY INDIVIDUAL OR TO ANY OTHER PRIVATE FOUNDATION. CHARITABLE GRANTS ARE MADE BASED UPON THE MERITS OF THE REQUESTING ORGANIZATION. THESE GRANTS ARE USUALLY MADE TO ORGANIZATIONS BASED IN WEST VIRGINIA, ITS NEIGHBORING STATES, OR THE STATE OF FLORIDA. THE FOUNDATION MAKES NO LOANS TO ANY ORGANIZATION OR INDIVIDUAL FOR ANY REASON. THE FOUNDATION AWARDS ONLY RESTRICTED SCHOLARSHIPS AND NO SCHOLARSHIPS OR GRANTS DIRECTLY TO ANY INDIVIDUAL. THE SCHOLARSHIPS RECIPIENTS ARE SELECTED BY OTHER TAX EXEMPT ORGANIZATIONS WITH LITTLE PARTICIPATION BY THE FOUNDATION, ITS OFFICERS, OR TRUSTEES. CURRENTLY THE FOUNDATION AWARDS THREE 4-YEAR SCHOLARSHIPS TO RALEIGH COUNTY, WV SENIORS, FOUR TO WOODROW WILSON HIGH SCHOOL SENIORS, ONE TO A WV SENIOR WHO HAS BEEN MEMBER OF THE YOUTH CONSERVATION PROGRAM FOR ONE YEAR, THREE TO CHILDREN OF VECELLIO GROUP, INC. AND SUBSIDIARIES, AND ONE TO A SENIOR FROM MCDOWELL COUNTY, WV.

Form 990-PF (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
CHASE BRAGG 426 NORTH COURT STREET FAYETTEVILLE,WV25840	N/A	N/A	SCHOLARSHIP	2,500
JOHN JEFFREY TABOR III 606 TEEL ROAD BECKLEY,WV25801	N/A	N/A	SCHOLARSHIP	2,500
JADYN FORREN 161 PARLIAMENT ROAD SHADY SPRING,WV25918	N/A	N/A	SCHOLARSHIP	2,500
EVAN DONATELLI 119 CRANBERRY POINTE WAY BECKLEY,WV25801	N/A	N/A	SCHOLARSHIP	2,500
MARIA LUGO 4425 RACHAEL WAY WEST PALM BEACH,FL33406	N/A	N/A	SCHOLARSHIP	2,500
ANISTON MICHAEL 104 FLICKER LANE BECKLEY,WV25801	N/A	N/A	SCHOLARSHIP	2,500
ANTHONY DAVILA 6779 NW 187TH TERRACE HIALEAH,FL33015	N/A	N/A	SCHOLARSHIP	2,500
LILLY BIAS 176 OAKRIDGE EST RD DANVILLE,WV25053	N/A	N/A	SCHOLARSHIP	2,500
DYLAN LESTER PO BOX 255 IKES FORK,WV24845	N/A	N/A	SCHOLARSHIP	2,500
BROOKE AUSTIN PO BOX 87 RHODELL,WV25915	N/A	N/A	SCHOLARSHIP	2,500
ABBIE CULICERTO 801 OVERLOOK DRIVE BECKLEY,WV25801	N/A	N/A	SCHOLARSHIP	2,500
ASHTON EVANS PO BOX 602 DANIELS,WV25832	N/A	N/A	SCHOLARSHIP	2,500
CONNOR RYAN CORMACK 109 W LOCUST DRIVE BECKLEY,WV25801	N/A	N/A	SCHOLARSHIP	2,500
ANDREW FRANCIS 270 SARVIS FORK ROAD SANDYVILLE,WV25275	N/A	N/A	SCHOLARSHIP	2,500
CHLOE DUDGEON 337 MAPLE AVENUE WELCH,WV24801	N/A	N/A	SCHOLARSHIP	2,500
HOLDEN KAPSOS 942 MARLIN CIRCLE JUPITER,FL33458	N/A	N/A	SCHOLARSHIP	2,500
JUSTIN PAYNE 12461 SE 2ND STREET PLANTATION,FL33325	N/A	N/A	SCHOLARSHIP	2,500
SANJANA RAMJATTANSINGH 2721 PIENZA CIRCLE ROYAL PALM BEACH,FL33411	N/A	N/A	SCHOLARSHIP	2,500
TYLER WATSON 669 CLOUGH AVENUE LAKE HELEN,FL32744	N/A	N/A	SCHOLARSHIP	2,500
ABIGAIL JENKINS 631 MISTY HILLS DR PRINCETON,WV24739	N/A	N/A	SCHOLARSHIP	2,500
MICHELLE BEDOLA VILLABOS 264 LEWIS DRIVE MOUNT AIRY,NC27030	N/A	N/A	SCHOLARSHIP	2,500
ISABELLA CHMARA 2837 LONGLEAF LN PALM HARBOR,FL34684	N/A	N/A	SCHOLARSHIP	1,250
NATHALY TAYLOR 69211 ENVIRON BLVD UNIT 2 APT 20 LAUDERHILL,FL33319	N/A	N/A	SCHOLARSHIP	2,500
AMALIA GARCIA 133 SAN JUAN DRIVE PALM SPRINGS,FL33467	N/A	N/A	SCHOLARSHIP	2,500
ADRIANNA BUCHANAN PO BOX 1445 SOPHIA,WV25921	N/A	N/A	SCHOLARSHIP	2,500
NATALEE PRICHARD PO BOX 386 BOLT,WV25817	N/A	N/A	SCHOLARSHIP	2,500
BRAYLIE WISEMAN PO BOX 716 SHADY SPRING,WV25918	N/A	N/A	SCHOLARSHIP	2,500
BRIA BLUME 11 ALLEGHENY PASS BECKLEY,WV25801	N/A	N/A	SCHOLARSHIP	2,500
WILLIAM ADKINS 156 PRIMROSE LANE BECKLEY,WV25801	N/A	N/A	SCHOLARSHIP	2,500
SYDNEY VAUGHT 208 HOMEWOOD DRIVE BECKLEY,WV25801	N/A	N/A	SCHOLARSHIP	2,500
SOPHIA HALL PO BOX 93 GHENT,WV25843	N/A	N/A	SCHOLARSHIP	1,000
MACKENZIE HOLT 147 BRIGHTON CIRCLE AUBURNDALE,FL33823	N/A	N/A	SCHOLARSHIP	2,500
BLAZEK MICHAEL 104 FLICKER LANE BECKLEY,WV25801	N/A	N/A	SCHOLARSHIP	2,500
SOPHIA KAPSOS 942 MARLIN CIRCLE JUPITER,FL33458	N/A	N/A	SCHOLARSHIP	2,500
MARIA ALICE CALAIS 3966 NW 37TH AVENUE OKEECHOBEE,FL34972	N/A	N/A	SCHOLARSHIP	2,500
DARIA HERNANDEZ 790 BOWMAN COURT WESTON,FL33326	N/A	N/A	SCHOLARSHIP	2,500
LUCAS WARD 1410 CENTRAL PKWY DELAND,FL33724	N/A	N/A	SCHOLARSHIP	2,500
ISAIAH ASH 3537 WV RT 23 SALEM,WV26426	N/A	N/A	SCHOLARSHIP	2,500
MORGAN WALKER 43 ROGERS STREET WELCH,WV24801	N/A	N/A	SCHOLARSHIP	2,500
LILLIAN HONAKER 334 VENTURE LANE ORCHARD,WV25827	N/A	N/A	SCHOLARSHIP	2,500
CAYLEE WILLIAMS 163 JACK HOLLOW ROAD CLEAR CREEK,WV25044	N/A	N/A	SCHOLARSHIP	1,250
GABRIELLE BUSH 115 CRANBERRY POINTE WAY BECKLEY,WV25801	N/A	N/A	SCHOLARSHIP	2,500
VIOLET BOYD 1005 GRANDVIEW ROAD DANIELS,WV25832	N/A	N/A	SCHOLARSHIP	2,500
KYLIE NORRIS 25 CHESTNUT DRIVE BECKLEY,WV25801	N/A	N/A	SCHOLARSHIP	2,500
PRESLEY JARRELL 114 SADDLEBROOK LANE DANIELS,WV25832	N/A	N/A	SCHOLARSHIP	1,000
JADEN BROWNING 4639 WINDWARD COVE LANE WELLINGTON,FL33449	N/A	N/A	SCHOLARSHIP	2,500
RYLEIGH BUTZ 1460 BOOTH DRIVE VALRICO,FL33594	N/A	N/A	SCHOLARSHIP	2,500
CARTER TAKARSH 141 FLORENCE FARLEY LANE FRAZIERS BOTTOM,WV25801	N/A	N/A	SCHOLARSHIP	2,500
GABRIEL LESTER PO BOX 255 IKES FORK,WV24845	N/A	N/A	SCHOLARSHIP	2,500
CASSIDY ARANGO 5240 SAPPHIRE LANE SW VERO BEACH,FL32968	N/A	N/A	SCHOLARSHIP	2,500
ALZHEIMER'S ASSOCIATION NATIONAL OFFICE 225 N MICHIGAN AVE 17TH FLOOR CHICAGO,IL606017633			CHARITABLE PURPOSES, RESTRICTED TO RESEARCH PROGRAMS	10,000
AMERICAN HEART ASSOCIATION 2300 CENTREPARK WEST DRIVE WEST PALM BEACH,FL33409			CHARITABLE PURPOSES, FOR ANNUAL GALA	25,000
BOY SCOUTS OF AMERICA GULFSTREAM COUNCIL - FL 8335 NORTH MILITARY TRAIL PALM BEACH GARDENS,FL33410			CHARITABLE PURPOSES, UNRESTRICTED	5,000
BROWN UNIVERSITY PO BOX 1893 PROVIDENCE,RI02912			CHARITABLE PURPOSES, DESIGNATED FOR THE ANNUAL FUND	10,000
CLEVELAND CLINIC 9500 EUCLID AVENUE CLEVELAND,OH44195			CHARITABLE PURPOSES, RESTRICTED FOR RESEARCH	25,000
FLAGLER MUSEUM ONE WHITEHALL WAY PALM BEACH,FL33480			CHARITABLE PURPOSES, UNRESTRICTED	15,000
GEORGIA TECH FOUNDATION 190 NORTH AVENUE NW ATLANTA,GA30313			CHARITABLE PURPOSES, UNRESTRICTED	10,000
HOOFBEATS THERAPEUTIC RIDING CENTER INC PO BOX 979 LEXINGTON,VA24450			CHARITABLE PURPOSES, UNRESTRICTED	5,000
LEUKEMIA & LYMPHOMA SOCIETY 1311 MAMARONECK AVE SUITE 310 WHITE PLAINS,NY10605			CHARITABLE PURPOSES, DESIGNATED FOR RESEARCH	10,000
NORTON MUSEUM OF ART 1451 SOUTH OLIVE AVENUE WEST PALM BEACH,FL33401			CHARITABLE PURPOSES, RESTRICTED TO EDUCATION PROGRAMS	15,000
PALM BEACH ATLANTIC UNIVERSITY 901 S FLAGLER DRIVE WEST PALM BEACH,FL33416			CHARITABLE PURPOSES, RESTRICTED FOR VECELLIO FAMILY SCHOLARSHIPS	10,000
PALM BEACH STATE COLLEGE 4200 CONGRESS AVENUE LAKE WORTH,FL334614796			CHARITABLE PURPOSES, DESIGNATED FOR STUDENT SCHOLARSHIPS	5,000
PALM BEACH COUNTY CULTURAL COUNCIL 1555 PALM BEACH LAKES BLVD SUITE 900 WEST PALM BEACH,FL334012328			CHARITABLE PURPOSES, UNRESTRICTED	5,000
PALM BEACH ISLAND HOSPICE FOUNDATION 44 COCOANUT ROW SUITE M207B PALM BEACH,FL33480			CHARITABLE PURPOSES, UNRESTRICTED	5,000
RAYMOND F KRAVIS CENTER FOR THE PERFORMING ARTS 701 OKEECHOBEE BOULEVARD WEST PALM BEACH,FL33401			CHARITABLE PURPOSES, FOR GALA FOR GENERAL PROGRAM	25,000
SALVATION ARMY BECKLEY CORPS PO BOX 1573 BECKLEY,WV258021573			CHARITABLE PURPOSES, UNRESTRICTED	25,000
SALVATION ARMY WEST PALM BEACH CORPS PO BOX 789 WEST PALM BEACH,FL33402			CHARITABLE PURPOSES, UNRESTRICTED	25,000
THE SCHEPENS EYE RESEARCH INSTITUTE 20 STANIFORD STREET BOSTON,MA02114			CHARITABLE PURPOSES, UNRESTRICTED	25,000
ST EDWARD CATHOLIC CHURCH PO BOX 109650 PALM BEACH GARDENS,FL33410			CHARITABLE PURPOSES, UNRESTRICTED	25,000
THE UNITED WAY OF BROWARD COUNTY 1300 SOUTH ANDREWS AVENUE FORT LAUDERDALE,FL33316			CHARITABLE PURPOSES, UNRESTRICTED	2,500
THE UNITED WAY OF PALM BEACH COUNTY 2600 QUANTUM BLVD BOYNTON BEACH,FL33426			CHARITABLE PURPOSES, UNRESTRICTED	5,000
THE UNITED WAY TOWN OF PALM BEACH 44 COCOANUT ROW SUITE M201 PALM BEACH,FL33480			CHARITABLE PURPOSES, UNRESTRICTED	25,000
THE UNITED WAY OF SOUTHERN WEST VIRGINIA 129 MAIN STREET SUITE 410 PO BOX 5456 BECKLEY,WV258017506			CHARITABLE PURPOSES, UNRESTRICTED	1,000
VPI EDUCATIONAL FOUNDATION INC DEPT OF CIVIL & ENVIRONMENTAL ENGINEERING 200 PATTON HALL 0105 BLACKSBURG,VA24061			CHARITABLE PURPOSES, DESIGNATED FOR THE VECELLIO ENDOWMENT FUND CODE 885620	5,000
VPI EDUCATIONAL FOUNDATION INC 315 BURRIS HALL 0253 BLACKSBURG,VA24061			CHARITABLE PURPOSES, DESIGNATED FOR THE PAMPLIN COLLEGE OF BUSINESS, SCHOOL OF MANAGEMENT	10,000
WAKE FOREST UNIVERSITY BOX 7227 REYNOLDA STATION WINSTONSALEM,NC271097227			CHARITABLE PURPOSES, DESIGNATED FOR BIOLOGY DEPARTMENT	10,000
WEST VIRGINIA UNIVERSITY FOUNDATION INC ONE WATERFRONT PLACE 7TH FLOOR PO BOX 1650 MORGANTOWN,WV265071650			CHARITABLE PURPOSES, DESIGNATED FOR THE KATHRYN C. VECELLIO SCHOLARSHIP FOR THE COLLEGE OF EDUCATION AND HUMAN SERVICES	10,000
YMCA OF BECKLEYRALEIGH COUNTY 121 EAST MAIN STREET BECKLEY,WV25801			CHARITABLE PURPOSES, DESIGNATED FOR CLINE FAMILY FOUNDATION	1,000
JOSIE HILL PO BOX 352 THREE MILE ROAD HENDERSON,WV24739	N/A	N/A	REFUND OF SCHOLARSHIP PAID IN PRIOR YEAR - STUDENT GRADUATED EARLY, SO SCHOLARSHIP WAS REFUNDED TO THE FOUNDATION.	-1,250
Total ................................. 3a				467,750

bApproved for future payment
BROOKE AUSTIN PO BOX 87 RHODELL,WV25915	N/A	N/A	SCHOLARSHIP	2,500
ABBIE CULICERTO 801 OVERLOOK DRIVE BECKLEY,WV25801	N/A	N/A	SCHOLARSHIP	2,500
ASHTON EVANS PO BOX 602 DANIELS,WV25832	N/A	N/A	SCHOLARSHIP	2,500
CONNOR RYAN CORMACK 109 W LOCUST DRIVE BECKLEY,WV25801	N/A	N/A	SCHOLARSHIP	2,500
ANDREW FRANCIS 270 SARVIS FORK ROAD SANDYVILLE,WV25275	N/A	N/A	SCHOLARSHIP	2,500
CHLOE DUDGEON 337 MAPLE AVENUE WELCH,WV24801	N/A	N/A	SCHOLARSHIP	2,500
HOLDEN KAPSOS 942 MARLIN CIRCLE JUPITER,FL33458	N/A	N/A	SCHOLARSHIP	2,500
JUSTIN PAYNE 12461 SE 2ND STREET PLANTATION,FL33325	N/A	N/A	SCHOLARSHIP	2,500
SANJANA RAMJATTANSINGH 2721 PIENZA CIRCLE ROYAL PALM BEACH,FL33411	N/A	N/A	SCHOLARSHIP	2,500
TYLER WATSON 669 CLOUGH AVENUE LAKE HELEN,FL32744	N/A	N/A	SCHOLARSHIP	2,500
ABIGAIL JENKINS 631 MISTY HILLS DR PRINCETON,WV24739	N/A	N/A	SCHOLARSHIP	2,500
MICHELLE BEDOLA VILLABOS 264 LEWIS DRIVE MOUNT AIRY,NC27030	N/A	N/A	SCHOLARSHIP	2,500
ISABELLA CHMARA 2837 LONGLEAF LN PALM HARBOR,FL34684	N/A	N/A	SCHOLARSHIP	3,750
NATHALY TAYLOR 69211 ENVIRON BLVD UNIT 2 APT 20 LAUDERHILL,FL33319	N/A	N/A	SCHOLARSHIP	2,500
AMALIA GARCIA 133 SAN JUAN DRIVE PALM SPRINGS,FL33467	N/A	N/A	SCHOLARSHIP	2,500
ADRIANNA BUCHANAN PO BOX 1445 SOPHIA,WV25921	N/A	N/A	SCHOLARSHIP	5,000
NATALEE PRICHARD PO BOX 386 BOLT,WV25817	N/A	N/A	SCHOLARSHIP	5,000
BRAYLIE WISEMAN PO BOX 716 SHADY SPRING,WV25918	N/A	N/A	SCHOLARSHIP	5,000
BRIA BLUME 11 ALLEGHENY PASS BECKLEY,WV25801	N/A	N/A	SCHOLARSHIP	5,000
WILLIAM ADKINS 156 PRIMROSE LANE BECKLEY,WV25801	N/A	N/A	SCHOLARSHIP	5,000
SYDNEY VAUGHT 208 HOMEWOOD DRIVE BECKLEY,WV25801	N/A	N/A	SCHOLARSHIP	5,000
SOPHIA HALL PO BOX 93 GHENT,WV25843	N/A	N/A	SCHOLARSHIP	2,000
MACKENZIE HOLT 147 BRIGHTON CIRCLE AUBURNDALE,FL33823	N/A	N/A	SCHOLARSHIP	5,000
BLAZEK MICHAEL 104 FLICKER LANE BECKLEY,WV25801	N/A	N/A	SCHOLARSHIP	5,000
SOPHIA KAPSOS 942 MARLIN CIRCLE JUPITER,FL33458	N/A	N/A	SCHOLARSHIP	5,000
MARIA ALICE CALAIS 3966 NW 37TH AVENUE OKEECHOBEE,FL34972	N/A	N/A	SCHOLARSHIP	5,000
DARIA HERNANDEZ 790 BOWMAN COURT WESTON,FL33326	N/A	N/A	SCHOLARSHIP	5,000
LUCAS WARD 1410 CENTRAL PKWY DELAND,FL33724	N/A	N/A	SCHOLARSHIP	5,000
ISAIAH ASH 3537 WV RT 23 SALEM,WV26426	N/A	N/A	SCHOLARSHIP	5,000
MORGAN WALKER 43 ROGERS STREET WELCH,WV24801	N/A	N/A	SCHOLARSHIP	5,000
LILLIAN HONAKER 334 VENTURE LANE ORCHARD,WV25827	N/A	N/A	SCHOLARSHIP	7,500
CAYLEE WILLIAMS 163 JACK HOLLOW ROAD CLEAR CREEK,WV25044	N/A	N/A	SCHOLARSHIP	8,750
GABRIELLE BUSH 115 CRANBERRY POINTE WAY BECKLEY,WV25801	N/A	N/A	SCHOLARSHIP	7,500
VIOLET BOYD 1005 GRANDVIEW ROAD DANIELS,WV25832	N/A	N/A	SCHOLARSHIP	7,500
KYLIE NORRIS 25 CHESTNUT DRIVE BECKLEY,WV25801	N/A	N/A	SCHOLARSHIP	7,500
PRESLEY JARRELL 114 SADDLEBROOK LANE DANIELS,WV25832	N/A	N/A	SCHOLARSHIP	3,000
JADEN BROWNING 4639 WINDWARD COVE LANE WELLINGTON,FL33449	N/A	N/A	SCHOLARSHIP	7,500
RYLEIGH BUTZ 1460 BOOTH DRIVE VALRICO,FL33594	N/A	N/A	SCHOLARSHIP	7,500
CARTER TAKARSH 141 FLORENCE FARLEY LANE FRAZIERS BOTTOM,WV25802	N/A	N/A	SCHOLARSHIP	7,500
GABRIEL LESTER PO BOX 255 IKES FORK,WV24845	N/A	N/A	SCHOLARSHIP	7,500
CASSIDY ARANGO 5240 SAPPHIRE LANE SW VERO BEACH,FL32968	N/A	N/A	SCHOLARSHIP	1,250
Total ................................. 3b				183,750

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 ...........
4 Dividends and interest from securities ....			14	251,998
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income .....			14	360
8 Gain or (loss) from sales of assets other than inventory ............			18	421,950
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..		0		674,308	0

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

674,308

(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:

TY 2024 AccountingFeesSchedule

Name:

THE VECELLIO FAMILY FOUNDATION INC

EIN:

55-0538242

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ACCOUNTING FEES	6,750	0		6,750

- TIN:

TY 2024 InvestmentsCorpBondsSchedule

Name:

THE VECELLIO FAMILY FOUNDATION INC

EIN:

55-0538242

Name of Bond	End of Year Book Value	End of Year Fair Market Value
BANK OF AMERICA ACCOUNTS - VARIOUS CORPORATE BONDS AND NOTES	1,685,371	1,685,371

- TIN:

TY 2024 InvestmentsCorpStockSchedule

Name:

THE VECELLIO FAMILY FOUNDATION INC

EIN:

55-0538242

Name of Stock	End of Year Book Value	End of Year Fair Market Value
BANK OF AMERICA ACCOUNTS - TRADING SECURITIES	8,393,174	8,393,174

- TIN:

TY 2024 OtherAssetsSchedule

Name:

THE VECELLIO FAMILY FOUNDATION INC

EIN:

55-0538242

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
ACCRUED DIVIDENDS AND INTEREST	27,191	28,169	28,169

- TIN:

TY 2024 OtherExpensesSchedule

Name:

THE VECELLIO FAMILY FOUNDATION INC

EIN:

55-0538242

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
OTHER EXPENSES	385	0		385

- TIN:

TY 2024 OtherIncomeSchedule2

Name:

THE VECELLIO FAMILY FOUNDATION INC

EIN:

55-0538242

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
CLASS ACTION SETTLEMENT PAYMENT	360	360	360

- TIN:

TY 2024 OtherIncreasesSchedule

Name:

THE VECELLIO FAMILY FOUNDATION INC

EIN:

55-0538242

Description	Amount
INCREASE IN UNREALIZED GAINS - 2024	623,442

- TIN:

TY 2024 OtherProfessionalFeesSchedule

Name:

THE VECELLIO FAMILY FOUNDATION INC

EIN:

55-0538242

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
BANK OF AMERICA MANAGEMENT FEES	66,728	66,728		0

- TIN:

TY 2024 TaxesSchedule

Name:

THE VECELLIO FAMILY FOUNDATION INC

EIN:

55-0538242

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FEDERAL EXCISE TAXES	17,419	0		0