National Italian American Foundationinc

“The victoria j. Mastrobuono bequest: the fund will be used for several foundation programs including the victoria j. Mastrobuono fellowship in the arts for students pursuing academics in italy; the victoria j. Mastrobuono challenge grant for advanced placement (ap) of italian for the continued funding of the college board's ap italian program; the victoria j. Mastrobuono distinguished speakers series in the arts, literature and music featuring leading experts in their respective fields; the victoria j. Mastrobuono digital archive at the foundation, a public, online index of the foundation's history and the victoria j. Mastrobuono engagement initiative, an online education, communication and outreach program utilizing new media. Campitelli endowment: the anthony campitelli endowed fund, named in honor of anthony campitelli, was created to support various projects and establishments in the province of chieti in abruzzo italy and in the town of castel frentano. All interest earned from the donation and any interest earned from funds added to the principal donation will be used for annual donations to support nursing homes for the elderly, local schools and churches or other projects in the chieti province. The national italian american foundation endowment trust fund (endowment trust) is an irrevocable trust fund created for the purpose of encouraging donations to the foundation and to ensure continued financing of the operating expenses of the foundation. Only the income derived from the principal maintained within the endowment trust can be used to finance the operating expenses of the foundation. The endowment trust was amended in june 2018 to allow for the broad use of both principal and interest for operating purposes, consistent with any lawful purpose of the foundation as a non profit entity and at the discretion of three trustees of the endowment. Voyage of discovery: the voyage of discovery is an educational and cultural exchange program for young italian american college students between the ages of 18 and 23. The purpose of the voyage of discovery is to strengthen the italian american identity by bonding young italian-americans to the country, culture, and heritage of italy; to help them gain an understanding of their heritage and a pride in preserving that heritage for the next generation; and to understand the historical significance of italy and the current contribution italy is making to the us and the world. The program is all-expenses paid trip covering round-trip airfare between italy and america and 10 days of programs. The niaf ernest pellegri endowed fund: the fund will be used to support college and university students of italian american heritage who are studying the latin language and the history of the roman empire. The salvatore catanese memorial scholarhsip: the purpose of this gift is to establish an endowed scholarship fund within national italian american foundation to support scholarships in the name of salvatore catanses. The donor wishes that upon his demise, 100% of the salvatore catanese estate be sold and gift to the national italian american foundation to exstable the salvatore catanese sholarship fund. Lamantia family scholarship fund: the purpose of this gift is to establish scholarships fund (fund) within the foundation. The foundation understands that the donor has specific selection criteria for the scholarship recipients. The donor is aware that the foundation will only award scholarships greater than or equal to $2,500.”

“Management has evaluated tax positions that could have significant effect on the financial statements and determined the foundation had no uncertain tax positions at december 31, 2022 and 2021, which require disclosure or recognition. Generally, the foundation's tax returns remain open for three years for federal income tax examination.”

“INTEREST EXPENSE 14,414.”