2024-11-15T14:00:14-06:00 2023-12-31 113066459 CERINI & ASSOCIATES LLP 3340 VETERANS MEMORIAL HWY BOHEMIA NY 11716 990PF 2023-01-01 872972607 THE THOMAS AND PAMELA PETROSINO FOUNDATI ON INC THOM 5162967111 120 SALISBURY AVENUE GARDEN CITY NY 11530 THOMAS G PETROSINO PRESIDENT 5162967111 2024-11-15 1 0 KEN CERINI P00223556 6315821600 2024-11-15 2023 2024-10-15 13:58:12Z X 4744599 X 0 X 133774 133774 133774 89122 2597153 89122 222896 222896 133774 0 0 0 0 2500 0 2500 0 4822 0 4822 0 7322 0 7322 0 377000 377000 384322 0 7322 377000 -161426 222896 126452 49342 61612 61612 4556654 4682987 4682987 4605996 4744599 4744599 0 0 X 4605996 4744599 4605996 4744599 4605996 4744599 4605996 -161426 300029 4744599 0 4744599 VANGUARD HEALTH CARE 2022-10-03 2023-10-23 734 714 20 20 ISHARES CORE S&P SMALL-CAP 2022-11-14 2023-12-14 47064 44446 2618 2618 VANGUARD HEALTH CARE 2022-03-29 2023-10-23 623 692 -69 -69 VANGUARD HEALTH CARE 2021-12-21 2023-10-23 697 781 -84 -84 VANGUARD HEALTH CARE 2021-10-04 2023-10-23 797 850 -53 -53 VANGUARD HEALTH CARE 2021-06-29 2023-10-23 621 663 -42 -42 VANGUARD HEALTH CARE 2021-03-31 2023-10-23 612 601 11 11 VANGUARD HEALTH CARE 2020-12-22 2023-10-23 867 831 36 36 VANGUARD HEALTH CARE 2020-11-10 2023-10-23 42864 39972 2892 2892 VANGUARD HEALTH CARE 2020-09-16 2023-10-23 540 477 63 63 VANGUARD HEALTH CARE 2020-06-25 2023-10-23 697 568 129 129 VANGUARD HEALTH CARE 2020-03-13 2023-10-23 468 334 134 134 VANGUARD HEALTH CARE 2019-12-19 2023-10-23 876 722 154 154 VANGUARD HEALTH CARE 2019-10-01 2023-10-23 873 634 239 239 VANGUARD HEALTH CARE 2019-06-26 2023-10-23 1543 1159 384 384 VANGUARD HEALTH CARE 2019-03-26 2023-10-23 1478 1094 384 384 VANGUARD HEALTH CARE 2018-12-18 2023-10-23 876 617 259 259 VANGUARD HEALTH CARE 2022-06-28 2023-10-23 718 743 -25 -25 VANGUARD HEALTH CARE 2018-07-03 2023-10-23 890 617 273 273 VANGUARD HEALTH CARE 2018-06-11 2023-10-23 64180 44999 19181 19181 VANGUARD HEALTH CARE 2018-03-21 2023-10-23 396 272 124 124 VANGUARD HEALTH CARE 2017-12-19 2023-10-23 586 395 191 191 VANGUARD HEALTH CARE 2017-10-02 2023-10-23 542 358 184 184 VANGUARD HEALTH CARE 2017-07-05 2023-10-23 672 429 243 243 VANGUARD HEALTH CARE 2017-03-30 2023-10-23 639 381 258 258 VANGUARD HEALTH CARE 2015-08-27 2023-10-23 60139 34884 25255 25255 VANGUARD CONSUMER STAPLE 2022-10-03 2023-10-23 920 897 23 23 VANGUARD CONSUMER STAPLE 2022-06-28 2023-10-23 1047 1107 -60 -60 VANGUARD CONSUMER STAPLE 2022-03-29 2023-10-23 609 674 -65 -65 VANGUARD CONSUMER STAPLE 2021-12-21 2023-10-23 1044 1138 -94 -94 VANGUARD CONSUMER STAPLE 2021-10-04 2023-10-23 927 938 -11 -11 VANGUARD CONSUMER STAPLE 2021-06-24 2023-10-23 904 917 -13 -13 VANGUARD CONSUMER STAPLE 2021-03-31 2023-10-23 849 856 -7 -7 VANGUARD CONSUMER STAPLE 2020-12-22 2023-10-23 1434 1389 45 45 VANGUARD CONSUMER STAPLE 2020-09-16 2023-10-23 818 766 52 52 VANGUARD CONSUMER STAPLE 2020-06-25 2023-10-23 1353 1123 230 230 VANGUARD CONSUMER STAPLE 2020-03-13 2023-10-23 692 536 156 156 VANGUARD CONSUMER STAPLE 2019-12-19 2023-10-23 1019 915 104 104 VANGUARD CONSUMER STAPLE 2019-10-01 2023-10-23 1056 933 123 123 VANGUARD CONSUMER STAPLE 2019-06-26 2023-10-23 1046 883 163 163 VANGUARD CONSUMER STAPLE 2019-03-26 2023-10-23 781 632 149 149 VANGUARD CONSUMER STAPLE 2018-12-18 2023-10-23 1140 875 265 265 VANGUARD CONSUMER STAPLE 2018-09-27 2023-10-23 870 685 185 185 VANGUARD CONSUMER STAPLE 2018-07-03 2023-10-23 1363 1031 332 332 VANGUARD CONSUMER STAPLE 2018-03-21 2023-10-23 579 441 138 138 VANGUARD CONSUMER STAPLE 2017-07-05 2023-10-23 1024 846 178 178 VANGUARD CONSUMER STAPLE 2017-03-30 2023-10-23 802 627 175 175 VANGUARD CONSUMER STAPLE 2016-12-20 2023-10-23 1015 771 244 244 VANGUARD CONSUMER STAPLE 2016-09-26 2023-10-23 868 668 200 200 VANGUARD CONSUMER STAPLE 2016-06-27 2023-10-23 786 601 185 185 VANGUARD CONSUMER STAPLE 2016-03-28 2023-10-23 660 497 163 163 VANGUARD CONSUMER STAPLE 2015-12-30 2023-10-23 946 699 247 247 VANGUARD CONSUMER STAPLE 2015-09-29 2023-10-23 2670 1828 842 842 VANGUARD CONSUMER STAPLE 2014-10-03 2023-10-23 110594 73509 37085 37085 MFS VALUE FUND 2021-12-17 2023-07-19 111 77 34 34 MFS VALUE FUND 2021-12-17 2023-07-19 2223 1555 668 668 MFS VALUE FUND 2020-12-18 2023-07-19 1358 950 408 408 MFS VALUE FUND 2019-12-20 2023-07-19 3079 2154 925 925 MFS VALUE FUND 2018-12-21 2023-07-19 210 147 63 63 MFS VALUE FUND 2018-12-21 2023-07-19 4893 3422 1471 1471 MFS VALUE FUND 2017-12-22 2023-07-19 940 657 283 283 MFS VALUE FUND 2017-12-22 2023-07-19 8603 6017 2586 2586 MFS VALUE FUND 2016-12-14 2023-07-19 9985 6983 3002 3002 MFS VALUE FUND 2016-12-05 2023-07-19 89530 62618 26912 26912 LAZARD GLOBAL 2022-11-14 2023-11-30 16214 17010 -796 -796 VANGUARD HEALTH CARE 2018-09-27 2023-10-23 734 568 166 166 ISHARES CORE S&P MID-CAP 2022-11-14 2023-12-14 48774 44457 4317 4317 VANGUARD FTSE DEV MKTS 2023-02-02 2023-12-11 185162 185765 -603 -603 GMO RESOURCES FUND 2022-11-14 2023-11-30 11515 14175 -2660 -2660 CHEVRON CORP 2022-11-14 2023-12-11 7093 9215 -2122 -2122 BLACKROCK SYSTEMATIC 2022-11-14 2023-07-19 13846 14175 -329 -329 BRANCH BANKING & TRUST 2023-01-03 2023-08-22 188098 192608 -4510 -4510 APPLE 2022-11-14 2023-08-22 225038 226683 -1645 -1645 AMPHENOL CORP 2023-02-02 2023-03-24 7113 7530 -417 -417 ZOETIS INC 2023-02-02 2023-03-24 3235 3346 -111 -111 ZOETIS INC 2022-11-14 2023-03-24 2103 1932 171 171 WYNN RESORTS LTD 2023-11-09 2023-12-11 3877 4257 -380 -380 WYNN RESORTS LTD 2023-03-24 2023-12-11 12053 15008 -2955 -2955 WESTPAC BANKING CORP 2022-11-14 2023-08-22 239230 241279 -2049 -2049 VERALTO CORP 2023-02-02 2023-10-23 726 1004 -278 -278 VERALTO CORP 2022-11-14 2023-10-23 431 600 -169 -169 VERALTO CORP 2022-11-14 2023-10-02 25 32 -7 -7 VANGUARD FTSE EMERGING MKTS 2023-02-02 2023-12-11 77168 82069 -4901 -4901 VANGUARD FTSE EMERGING MKTS 2023-01-11 2023-12-11 48380 49989 -1609 -1609 DANAHER CORP DEL 2022-11-14 2023-11-30 4419 4787 -368 -368 VANGUARD FTSE DEV MKTS 2023-01-11 2023-12-11 126522 120728 5794 5794 UNITEDHEALTH GROUP 2023-02-02 2023-03-24 6593 6931 -338 -338 UNITEDHEALTH GROUP 2022-11-14 2023-03-24 12244 13689 -1445 -1445 ROPER TECHNOLOGIES INC 2023-02-02 2023-03-24 8527 8699 -172 -172 ROPER TECHNOLOGIES INC 2022-11-14 2023-03-24 5116 5267 -151 -151 RAYTHEON TECH 2023-02-02 2023-08-28 7463 8522 -1059 -1059 RAYTHEON TECH 2022-11-14 2023-08-28 4718 5195 -477 -477 PIMCO TRENDS 2022-12-07 2023-07-19 9 11 -2 -2 PIMCO TRENDS 2022-12-07 2023-07-19 134 151 -17 -17 PIMCO TRENDS 2022-11-14 2023-05-08 12160 14175 -2015 -2015 PEPSICO INC 2023-08-22 2023-09-07 9906 9904 2 2 NEXTERA ENERGY INC 2023-02-02 2023-05-08 5511 5359 152 152 NEXTERA ENERGY INC 2022-11-14 2023-05-08 3397 3738 -341 -341 MERGER FUND 2022-12-21 2023-07-19 228 227 1 1 MERGER FUND 2022-12-21 2023-07-19 146 145 1 1 MERGER FUND 2022-11-14 2023-07-19 13685 14175 -490 -490 LAZARD GLOBAL 2022-12-22 2023-11-30 893 848 45 45 LAZARD GLOBAL 2022-12-22 2023-11-30 394 374 20 20 KRAFT HEINZ 2023-02-02 2023-08-28 8549 10140 -1591 -1591 KRAFT HEINZ 2022-11-14 2023-08-28 5406 5998 -592 -592 KENVUE 2022-11-14 2023-09-11 6 6 0 0 JP MORGAN HEDGED EQUITY FUND 2022-11-14 2023-07-19 16529 14175 2354 2354 ISHARES CORE SMALL-CAP 2023-02-02 2023-12-14 76280 76043 237 237 ISHARES CORE MID-CAP 2023-02-02 2023-12-14 76605 75138 1467 1467 INVESCO 2022-11-14 2023-10-23 53565 57299 -3734 -3734 HOST HOTELS & RESORTS INC 2023-02-02 2023-05-08 4182 4479 -297 -297 HOST HOTELS & RESORTS INC 2022-11-14 2023-05-08 2995 3132 -137 -137 HOME DEPOT 2023-02-02 2023-05-08 9825 11339 -1514 -1514 HOME DEPOT 2022-11-14 2023-05-08 6068 6611 -543 -543 HESS CORP 2022-11-14 2023-03-24 4918 5973 -1055 -1055 GMO RESOURCES FUND 2023-07-11 2023-11-30 101 110 -9 -9 GMO RESOURCES FUND 2023-07-11 2023-11-30 139 151 -12 -12 GMO RESOURCES FUND 2022-12-21 2023-11-30 267 303 -36 -36 GMO RESOURCES FUND 2022-12-21 2023-11-30 151 172 -21 -21 FREEPORT-MCMORAN INC 2023-02-02 2023-03-24 9093 10896 -1803 -1803 DOMINION ENERGY INC 2023-02-02 2023-03-24 7506 8986 -1480 -1480 DOMINION ENERGY INC 2022-11-14 2023-03-24 4599 5364 -765 -765 DOLLAR GENERAL CORP 2023-02-02 2023-03-24 8961 10306 -1345 -1345 DOLLAR GENERAL CORP 2022-11-14 2023-03-24 5499 6801 -1302 -1302 DANAHER CORP DEL 2023-02-02 2023-11-30 7071 7605 -534 -534 DTE ELECTRIC 2023-01-03 2023-07-21 197288 197200 88 88 CUMMINS INC 2023-02-02 2023-08-28 9749 10572 -823 -823 CUMMINS INC 2022-11-14 2023-08-28 5803 6248 -445 -445 CHEVRON CORP 2023-11-09 2023-12-11 6080 5990 90 90 CHEVRON CORP 2023-02-02 2023-12-11 11436 13522 -2086 -2086 CAMECO CORP 2023-02-02 2023-03-24 17188 20866 -3678 -3678 BURLINGTON NORTHERN SANTA FE 2022-11-14 2023-08-22 229851 229877 -26 -26 BROADCOM 2023-02-02 2023-03-24 8823 8507 316 316 89122 -39560 3098 0 3098 0 3098 0 0 0 0 0 0 3098 0 0 0 0 0 0 0 0 0 0 1 1 NY 1 0 0 0 0 1 N/A THE FOUNDATION 5162967111 120 SALISBURY AVENUE GARDEN CITY NY 11530 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 THOMAS G PETROSINO 120 SALISBURY AVENUE GARDEN CITY NY 11530 DIRECTOR, PRESIDENT 1.00 0 0 0 PAMELA G PETROSINO 120 SALISBURY AVENUE GARDEN CITY NY 11530 DIRECTOR, SECRETARY, TREASURER 1.00 0 0 0 MICHAEL PETROSINO 707 STERLING DRIVE FRANKLIN LAKES NJ 07417 DIRECTOR 1.00 0 0 0 NONE 0 NONE 0 0 4655803 66855 0 4722658 0 0 4722658 70840 4651818 232591 232591 3098 3098 229493 0 229493 0 229493 377000 0 377000 229493 0 0 230204 230204 377000 0 0 0 229493 147507 0 0 377711 0 0 0 0 0 0 0 377711 230204 147507 X 4-H CLUB 423 GRIFFING AVE RIVERHEAD NY 11901 PC CHARITABLE CONTRIBUTION 10000 AMERICAN HEART ASSOCIATION 125 E BETHPAGE PLANVIEW NY 11803 PC CHARITABLE CONTRIBUTION 10000 ASPCA PO BOX 96929 WASHINGTON DC DC 20090 PC CHARITABLE CONTRIBUTION 10000 BIG BROTHERS BIG SISTERS 145 SYCAMORE LANE ISLANDIA NY 11749 PC CHARITABLE CONTRIBUTION 10000 BOWERY MISSION 227 BOWERY MISSION NEW YORK NY 10002 PC CHARITABLE CONTRIBUTION 10000 BOYS GIRLS CLUB 1275 PEACHTREE STREET NE ATLANTA GA 30309 PC CHARITABLE CONTRIBUTION 10000 CARE PO BOX 1870 MERRIFIELD VA 22116 PC CHARITABLE CONTRIBUTION 10000 CATHOLIC CHARITIES 1727 N OCEAN AVE MEDFORD NY 11763 PC CHARITABLE CONTRIBUTION 10000 COVENANT HOUSE 460 W 41ST ST NEW YORK NY 10036 PC CHARITABLE CONTRIBUTION 15000 DOCTORS WITHOUT BORDERS 40 RECTTOR ST 16TH FL NEW YORK NY 10006 PC CHARITABLE CONTRIBUTION 15000 FRESH AIR FUND 633 3RD AVE 14TH FLOOR NEW YORK NY 10017 PC CHARITABLE CONTRIBUTION 10000 GUIDE DOGS FOR THE BLIND 371 E JERICHO TPKE SMITHTOWN NY 11787 PC CHARITABLE CONTRIBUTION 10000 MAKE A WISH 1702 EAST HIGHLAND AVE SUITE 400 PHOENIX AZ 85016 PC CHARITABLE CONTRIBUTION 10000 PROJECT HOPE 170-20 140TH AVE JAMAICA NY 11434 PC CHARITABLE CONTRIBUTION 10000 RONALD MCDONALD 26345 NETWORK PLACE CHICAGO IL 60673 PC CHARITABLE CONTRIBUTION 10000 SALVATION ARMY 414 E MAIN ST PATCHOGUE NY 11772 PC CHARITABLE CONTRIBUTION 10000 SHRINERS HOSPITAL 2900 N ROCKY POINT DR TAMPA FL 33607 PC CHARITABLE CONTRIBUTION 15000 SOLDIERS ANGELS 895 NE LOOP 410 STE 107 SAN ANTONIO TX 78218 PC CHARITABLE CONTRIBUTION 15000 TOYS FOR TOTS PO BOX 130 FREEPORT NY 11520 PC CHARITABLE CONTRIBUTION 15000 UNITED SERVICE ORGANIZATIONS PO BOX 96860 WASHINGTON DC DC 20077 PC CHARITABLE CONTRIBUTION 15000 VOLUNTEERS TO AMERICA 1660 DUKE ST ALEXANDRIA VA 22314 PC CHARITABLE CONTRIBUTION 10000 WOUNDED WARRIORS PO BOX 758516 TOPEKA KS 66675 PC CHARITABLE CONTRIBUTION 10000 THE PETROSINO FAMILY FOUNDATION 66 SOUTH PEARL STREET ALBANY NY 12207 PF CHARITABLE CONTRIBUTION TO RELATED PRIVATE FOUNDATION 127000 377000 0 14 133774 14 89122 0 222896 0 222896 0 0 0 0 0 0 0 0 0 0 THE PETROSINO FAMILY FOUNDATION 66 SOUTH PEARL STREET ALBANY NY 12207 2023-11-08 127000 SEE STATEMENT 5 127000 SEE STATEMENT 5 SEE STATEMENT 5 2023-12-31 SEE STATEMENT 5 EXPENDITURE RESPONSIBILITY FORM 990-PF, PART VI-B, LINE 5A(4) & 5D DURING NOVEMBER 2023, THE THOMAS AND PAMELA PETROSINO FOUNDATION ("DONOR FOUNDATION") AND THE PETROSINO FAMILY FOUNDATION ("RECIPIENT FOUNDATION") ENTERED INTO A VERBAL GRANT AGREEMENT, WHEREIN THE DONOR FOUNDATION MADE A CHARITABLE CONTRIBUTION OF $127,000 ON NOVEMBER 12, 2023 TO THE RECIPIENT FOUNDATION. BOTH FOUNDATIONS SHARE A COMMON GOVERNANCE STRUCTURE, WITH TWO-THIRDS OF THE BOARD MEMBERS SERVING ON BOTH FOUNDATIONS' BOARDS, CREATING A CLOSE AFFILIATION AND WORKING RELATIONSHIP BETWEEN THE TWO ORGANIZATIONS. AS SUCH, BOTH FOUNDATIONS ARE COMMITTED TO ENSURING THAT THE FUNDS ARE USED EXCLUSIVELY FOR CHARITABLE PURPOSES AND IN COMPLIANCE WITH APPLICABLE IRS REGULATIONS, INCLUDING EXPENDITURE RESPONSIBILITY REQUIREMENTS.IN ACCORDANCE WITH THE VERBAL GRANT AGREEMENT, THE DONOR FOUNDATION TRANSFERRED THE FULL AMOUNT OF $127,000 TO THE RECIPIENT FOUNDATION. THE FUNDS WERE THEN FULLY ALLOCATED AND DONATED TO SEVERAL QUALIFIED CHARITABLE ORGANIZATIONS, IN ALIGNMENT WITH THE MISSIONS OF BOTH FOUNDATIONS. THE DONATION WAS EXCLUSIVELY UTILIZED FOR CHARITABLE PURPOSES, AS INTENDED, AND NO REPAYMENT OR RETURN OF UNUSED FUNDS WAS REQUIRED BY THE DONOR FOUNDATION, AS ALL FUNDS WERE EXPENDED IN SUPPORT OF THE RECIPIENT FOUNDATION'S GRANT-MAKING ACTIVITIES.ON DECEMBER 31, 2023, THE RECIPIENT FOUNDATION PROVIDED THE DONOR FOUNDATION WITH DETAILED DOCUMENTATION REGARDING THE ALLOCATION AND DISTRIBUTION OF THE FUNDS, INCLUDING A COMPREHENSIVE REPORT OF ALL DONATIONS MADE BY THE RECIPIENT FOUNDATION. AS STIPULATED IN THE VERBAL GRANT AGREEMENT AND IN COMPLIANCE WITH EXPENDITURE RESPONSIBILITY REGULATIONS, THE RECIPIENT FOUNDATION MADE AVAILABLE ALL RELEVANT BOOKS, RECORDS, RECEIPTS, AND FINANCIAL DOCUMENTATION. THESE RECORDS ENABLED THE DONOR FOUNDATION TO TRACK AND VERIFY THAT THE FUNDS WERE USED FOR THE SPECIFIED CHARITABLE PURPOSES, ENSURING TRANSPARENCY AND ACCOUNTABILITY. THE DONOR FOUNDATION REVIEWED THESE RECORDS AND CONFIRMED THAT THE FUNDS WERE SPENT IN ACCORDANCE WITH THE VERBAL GRANT AGREEMENT.BOTH FOUNDATIONS RECOGNIZE THE IMPORTANCE OF FORMALIZING THE VERBAL GRANT AGREEMENT IN WRITING TO ENSURE FULL COMPLIANCE WITH EXPENDITURE RESPONSIBILITY REQUIREMENTS UNDER THE INTERNAL REVENUE CODE. THIS INCLUDES ENSURING THAT THE GRANT IS USED FOR ITS INTENDED CHARITABLE PURPOSES, THAT THE GRANTEE (RECIPIENT FOUNDATION) SUBMITS APPROPRIATE DOCUMENTATION AND ANNUAL REPORTS DETAILING HOW THE FUNDS WERE SPENT, AND THAT PROPER RECORDS OF RECEIPTS AND EXPENDITURES ARE MAINTAINED AND MADE AVAILABLE TO THE DONOR FOUNDATION. AS OF 11/15/2024 THE FOUNDATIONS ARE IN THE PROCESS OF DRAFTING AND EXECUTING A FORMAL WRITTEN AGREEMENT TO MEMORIALIZE THE TERMS OF THE VERBAL GRANT AGREEMENT, WHICH WILL FURTHER ENSURE THAT ALL COMPLIANCE REQUIREMENTS ARE MET.THE DONOR FOUNDATION HAS MADE REASONABLE EFFORTS TO ENSURE THAT THE GRANT WAS SPENT FOR ITS INTENDED CHARITABLE PURPOSES (AS WELL AS TO COMPLY WITH THE OTHER ASPECT OF EXPENDITURE RESPONSIBILITIES), INCLUDING REVIEWING THE REPORTS AND DOCUMENTATION PROVIDED BY THE RECIPIENT FOUNDATION. THESE EFFORTS ARE CONSISTENT WITH THE GRANTOR RESPONSIBILITIES UNDER THE EXPENDITURE RESPONSIBILITY REGULATIONS.BOTH PARTIES HAVE COMMITTED TO ENSURING THAT ALL RELATED ACTIVITIES ARE FULLY TRANSPARENT AND COMPLIANT WITH IRS REGULATIONS, INCLUDING MAINTAINING ADEQUATE DOCUMENTATION TO SUPPORT THE EXPENDITURE OF FUNDS. THE RECIPIENT FOUNDATION HAS AGREED TO REFRAIN FROM ENGAGING IN PROHIBITED ACTIVITIES AND HAS COMMITTED TO USING THE GRANT FUNDS SOLELY FOR THE CHARITABLE PURPOSES OUTLINED IN THE VERBAL GRANT AGREEMENT. 4682987 4682987 LEGAL FEES 2500 0 2500 0 MISCELLANEOUS 4822 0 4822 0 UNREALIZED GAIN 300029