National Italian American Foundation ANNUAL REPORT 2017 2 1

Contents The Mission of The National Italian 2 American Foundation Going Forward is to preserve the Italian American heritage and culture; 4 promote and inspire a Belonging positive image and legacy of Italian Americans; 6 and strengthen and empower ties Shareholding between the United States and Italy. 8 Educating

10 Learning

12 Excelling

14 Advocating

16 Supporting

18 Connecting

20 Outreaching

24 Networking

26 Legacy

28 Donors

30 Financial Highlights

32 NIAF Headquarters at The Ambassador Peter F. Secchia Building Board of Directors Edited By Don Oldenburg 33 Designed By B&G Printed By Mosaic IALC Members Cover photograph by Lowe Llaguno/shutterstock.com 34 Council Members © The National Italian American Foundation 2018 2 3

To: NIAF Board of Directors, Members and Supporters

In 42 years of serving the Italian American community, NIAF has grown from The annual New York Gala was, again, a sold-out evening that proved to be one a promising vision shared by 19 pioneering Italian American leaders gathered of our most successful events ever in the Big Apple; and our 42nd Anniversary here in Washington, D.C., to the nation’s premier organization for Americans of Gala Weekend, in Washington, D.C., was a celebration of heritage, culture, Italian ancestry. community and contribution.

Throughout 2017, the Foundation realized continued growth and fulfillment On behalf of the NIAF Board of Directors, we are proud to be part of NIAF’s of our mission beginning with our commitment to education as we continue history as we build for the future, connecting new generations to our Italian to provide scholarships for Italian American students needing financial American heritage and culture, adding value to a strong civil society and assistance; through our funding grants to projects whose purpose and our democracy. goals align with NIAF’s; and through our support for, and creation of, programs helping to prepare the next generation of Italian American leadership. Thank you for your interest and support in helping us to achieve that goal.

In addition, the Ambassador Peter F. Secchia Voyage of Discovery program Going Forward enables college students to connect to their heritage and strengthen their ties to Italy’s culture while giving back to the community. This year we made it possible for 20 college students to travel to Sicily, our 2017 Region of Honor. In fiscal year 2017, we increased the growth of NIAF on Campus through our Italian American Leadership Fellowship, which assisted 15 young Italian American leaders to build programs and strengthen NIAF’s presence on their Hon. Patricia de Stacy Harrison & Gabriel A. Battista college campuses; and our Congressional Fellowship placed three Italian Chairpersons American college students as interns in the offices of members of the Italian American Congressional Delegation on Capitol Hill.

Based in our Nation’s Capital, NIAF is recognized for our leadership role, advo- cating for America’s 25 million self-identified Italian Americans as we interact with leaders from government, industry and business here and in Italy. Our renowned Public Policy Forums feature members from both political parties and provide an opportunity for dialogue on a wide range of issues.

NIAF also serves as the bridge between business, cultural and governmental entities of the United States and Italy. In 2017, the Foundation promoted Sicily as our Region of Honor, both here and in Italy. The NIAF Board, comprising leaders from many sectors, traveled throughout major cities in Sicily meeting with their counterparts in business, Sicilian officials and other dignitaries. The Region was also prominently featured at the 2017 NIAF Gala in Washington, D.C., and the Expo.

In 2017, NIAF’s Italian American Leadership Council (IALC) continued to grow in numbers of Italian American leaders committed to supporting the Foundation and becoming an active voice for NIAF in their communities. 4 5

The National Italian American NIAF engages with both business NIAF is an inclusive organization, and language instruction, customized Foundation is a vibrant organization and political leaders, offers programs welcomes participation at a variety of travel experiences, and Italian that focuses on the preservation and for young professionals, and through support levels. We offer the opportu- specialty products—and exclusive celebration of Italian American the Foundation’s annual Anniversary nity to engage at a modest financial invitations to NIAF’s robust calendar heritage and culture. Through Gala in Washington, D.C., honors level for teachers and students as of public screenings, workshops, thought leader forums, programs leaders from both this country and well as at the leadership and major regional galas, and more! and events throughout the year, Italy who exemplify the NIAF’s donor levels. In addition, our Affiliate NIAF brings together people who mission and have contributed at the members broaden NIAF’s network Our goal is to provide support and op- share and value our rich Italian highest levels in business, science, with other Italian American groups portunity for all who wish to connect American cultural legacy. the arts and government. NIAF’s across the country. and strengthen their Italian American Belonging goal, achieved through our Board, heritage and to build on those values funders, supporters and members, is The benefits of joining and being for the future. to ensure that our Italian American affiliated with NIAF range from heritage and values remain strong access to programs and events and serve as a resource for future comprising thought leaders from rising generations. both the private and public sectors, NIAF’s award-winning Ambassador magazine, special pricing from our corporate sponsors—including 6 7

The Italian American Leadership Council (IALC) comprises men and women of achievement from through- out the United States, who support the mission of the Foundation and serve as a resource to NIAF in their communities. IALC members assume a fiscal responsibility for the active support of the Foundation and its programs. IALC participants are active through NIAF on Campus, serving as mentors to new generations of Italian American youth. Throughout the year,

Shareholding the IALC engages with the NIAF Board for special programs and events, and serves as a valued and important component of the Foundation helping to achieve NIAF’s mission. 8 9

Since our founding, the National NIAF also supports students in In addition, NIAF continued its part- Finally, in November 2017, the NIAF Italian American Foundation has exploring their Italian roots through nership with one of the world’s most on Campus Italian American Leader- been dedicated to the future of the the Ambassador Peter F. Secchia prestigious institutions for training ship Council Fellow Program brought Italian American community. Through Voyage of Discovery Program. The professionals in the performing arts, together a select group of 15 Italian our robust scholarship program, all-expenses-paid summer trip to Accademia Teatro alla Scala, and American student leaders in the we have put our youth first, helping Italy strengthens college-age Politecnico di Milano Graduate School country to help promote the Italian to lessen the financial burdens students’ Italian American identity by of Business in Milan, Italy. Through American heritage. The program brings many students incur while earning bonding them with the culture and this partnership, a full-tuition scholar- these students to the NIAF Gala week- degrees. In 2017, NIAF’s awarded heritage of Italy. The trip includes ship was awarded to Melissa Marino, end for a conference on developing $510,000 of direct aid to deserving educational tours, visits to museums an Italian American student seeking the “NIAF on Campus” strategy to Educating Italian American students. and historic sites, meetings with a master’s degree in Performing Arts organize Italian American groups on local government officials, and a Management. university campuses nationwide. NIAF community-service day when the provides financial support to groups students give back at a local school, that organize Italian American educa- non-profit group or agency. In 2017, tional programs on their campus. In all NIAF sent 20 Italian American that we do, NIAF’s primary work is to college students to Sicily, the better the lives of the next generation Foundation’s 2017 Region of Honor. of Italian American leaders. 10 11

Preserving, protecting and promoting Another cultural mainstay of NIAF’s In 2017, NIAF also began the transition of the nationally televised Columbus Italian American and Italian culture calendar is the NIAF Photo Contest. of its Italian American Museum at Day Parade in New York City, as well and heritage is central to NIAF’s In 2017, its fifth year, it attracted NIAF Headquarters toward installing as delegation of Board members mission. In 2017, the Foundation hundreds of photo submissions from a new curated exhibition, “The Italian and management who joined in the demonstrated that commitment on amateur and professional photogra- Immigration,” whose artifacts, docu- parade alongside New York Governor many levels. NIAF’s annual celebra- phers worldwide. It’s theme, “That’s ments and art will be unveiled in 2018. Andrew Cuomo. NIAF also participat- tion of St. Joseph’s Day, in March, Amore,” tested photographic skills Open to the public, the museum is an ed in the Columbus Day ceremonies at NIAF Headquarters, attracts NIAF and creativity. Melrose, Mass., ongoing project; for the second year, in Brooklyn and in Washington, D.C. members, Capitol Hill friends and resident Nicole Alexandra Cacchiotti’s a “mobile exhibit” from the museum Learning local neighbors. In 2017, our 150 sweet image “Gli Amanti in Siena” was on view at the Anniversary Gala During the Anniversary Gala Weekend, guests donated canned foods for won the Grand Prize—an all-inclusive Weekend. Museum expansion plans the Foundation annually presents a full charity and then enjoyed an evening NIAF Anniversary Gala package for include research and family-history schedule of educational sessions open featuring Italian aperitivi. two. All winning photos were on video facilities. to the public at its NIAF University display during the Gala Weekend and —from learning Italian and exploring published on NIAF’s website and in In October, the Foundation continued Italian ancestry, to making gelato and Ambassador magazine. its nationwide dialog in defense of viewing Sicilian puppetry. NIAF Columbus Day as an Italian American University is part of NIAF’s annual holiday. For the fourth consecutive Expo, each year the largest Italian year, NIAF provided a float to be part festival in the Nation’s Capital. 12 13

Throughout the year, NIAF promotes NIAF hosted Expo Siciliana, the The black-tie Gala Awards Dinner In Spring, the New York Gala has Italian American and Italian culture largest Italian festival in the Nation’s reflected Sicilian colors and dishes, become a must-attend gathering of and contributions by recognizing a Capital, where visitors viewed films and Sicilian artists entertained in song the city’s business elite and Italian region of Italy as well as honoring by winners of the inaugural Russo and poetry. NIAF’s Gala guests gave American community leaders. At accomplished Italian and Italian Brothers Italian American Film standing ovations to distinguished this sold out event, NIAF honors American leaders in various fields Forum, sampled Sicilian and Italian Italian American and Italian honorees outstanding Italian Americans and whose values and success exemplify American foods, learned traditional representing business and finance, Italians whose contributions make the best our community has to offer. Sicilian songs and dance steps, and philanthropy, music and humanitarian a positive difference in their com- The centerpiece of that effort is the sampled a variety of Italian wines at work as each of them shared their munities and around the world, Excelling National Italian American Founda- the NIAF Wine Pavilion. inspirational stories. enabling the Foundation to continue tion’s Anniversary Gala, the most its fundraising efforts to assist in anticipated Italian American week- awarding Italian American students end on the Washington, D.C., social life-changing scholarships and grants calendar. At the 2017 Gala, NIAF throughout the year. paid tribute to the Region of Sicily, delving into its history, language and culture to reflect the timeless tradi- tions Sicily has been known for over centuries. During the Gala weekend, 14 15

Throughout 2017, NIAF has served NIAF was proud to continue its the visit of Italian Prime Minister Delegation (IACD). The fellows were as the voice for the Italian American close and collaborative relationship Paolo Gentiloni, and the White House placed in the offices of U.S. Rep. Bill community in the Nation’s Capital, with the Italian American Congres- reception honoring Italian National Pascrell, U.S. Rep. Tim Ryan, and U.S. representing more than 25 million Ital- sional Delegation (IACD) and the Day. Throughout the year, we had a Rep. Steve Scalise. ian Americans, the fifth largest ethnic Italian American Congressional Staff presence through NIAF programs on group in the United States. NIAF Association. Capitol Hill as well as policy dinners. The Foundation continues to strength- works closely with the U.S. Congress, We were also pleased to rename en its connections and prestige with the White House, and relevant agen- By bringing together NIAF leaders, NIAF’s popular bocce ball event, as key decision makers while serving as cies, including the European Union, government and foreign-affairs digni- the NIAF Mark Valente Memorial an educational resource for gov- the U.S. Embassy in Rome, and the taries, corporate executives, and Ital- Congressional Bocce Ball Tournament. ernment officials about the Italian Italian Embassy to the United States. ian diplomats at its Frank J. Guarini American community and relations

Advocating Public Policy Forums and NIAF Public For the second consecutive year, between the United States and Italy. Policy events, NIAF has height- NIAF chose three outstanding Italian ened its and the Italian American American college students to take community’s visibility and influence part in the NIAF Congressional in Washington. In 2017, NIAF leaders Fellows program, in which fellows were invited to the White House on work in the offices of members of several occasions, including during the Italian American Congressional 16 17

Thanks to generous donations, Partnering with news-media com- In 2017, we were pleased to launch NIAF believes it is important that the Foundation is able advance its pany i-Italy, NIAF created 10-month, the first year of The Russo Brothers the opportunities we provide young mission by lending our support to New York-based internships for four Italian American Film Forum grant Italian Americans reflect the mission organizations, programs and projects bilingual Italian American graduates which awarded seven $7,500 grants and spirit of community NIAF was focused on ensuring the preserva- interested in media careers and to inspire creative artists to craft films founded upon, and have positive tion, promotion and teaching of our furthering their proficiency in the Ital- that explore the Italian American impact on today’s youth with training, heritage and culture. In 2017, NIAF ian language through full-language experience. The top three films mentorship and experience. continued providing fellowship and submersion. then debuted at the NIAF Gala internship grants to fund unique Weekend, and the winning filmmaker, opportunities that support the career In September 2017, three outstand- Roberto Angotti, was announced development of the next generation ing Italian American college students at the Gala Awards Dinner for his

Supporting of Italian American leaders as well as were chosen as the second group documentary “The Italian American their appreciation of their roots. of NIAF Congressional Fellows and Baseball Family.” placed in the offices of members of the Italian American Congressional Delegation (IACD). 18 19

An important part of the National NIAF annually designates a specific In addition to business consulta- In return, a large contingent of Italian American Foundation’s core Region of Honor in Italy, promoting tions, the Mission to Italy delegation business representatives from Sicily mission is to work with business the region in the United States and visited some of the Region of Honor’s traveled to NIAF’s Anniversary Gala and political leaders to strengthen in Italy, while collaborating with its renowned cultural locations, including weekend in November to promote cultural and economic ties between leaders. During the Mission to Italy, the Cappella Palatina and the Cathedral Sicilian businesses and products, and Italy and the United States. In June, the NIAF delegation visited Sicily, the in Palermo; the Greek Theater in Italian-U.S. friendship and cooperation. NIAF Co-chairs Patricia De Stacy 2017 Region of Honor, and met with Taormina; the Palazzo Beneventano in Harrison and Gabriel A. Battista, the President of the Region Rosario Siracusa; Valle dei Templi in Agrigento; and then–NIAF President John M. Crocetta; Regional Council Member and the Duomo in Monreale. Viola, traveled to Italy with NIAF Mariella Lo Bello; the President of NIAF leadership also met the 20 Board members and Italian American Sicindustria Nino Salerno; and the college students participating in the

Connecting Leadership Council members for Vice Rector of the University of 2017 Ambassador Peter F. Secchia the annual Mission to Italy—a trip Palermo Fabio Mazzola. Locally, NIAF Voyage of Discovery program, which that included a NIAF Board meeting, Board members met with local busi- is dedicated to strengthening the as well as meetings with Italian ness leaders in Taormina, Siracusa younger generation’s understanding dignitaries, business leaders and and Palermo. of its rich cultural heritage. local officials. 20 21

Communications is critical to Our monthly eNewsletter provides NIAF’s Facebook page is our most Further spreading NIAF-related educating, empowering and bringing news and calendar updates about active digital resource besides the content across social media, and together NIAF members and the Ital- NIAF’s upcoming events nationwide website. Serving as the face of the promoting NIAF educational programs ian American community. NIAF shares as well as relevant activities of our Foundation to a majority of view- and employment opportunities, information, notifications, event affiliate organizations and friends. ers, NIAF’s Facebook presence has NIAF’s 2017 LinkedIn members updates and ideas, and engages in With its monthly readership exceed- increased to 168,500 in 2017. Our reached 2,718. conversation with the Italian Ameri- ing 170,000 in 2017, the eNewsletter audience is predominantly female and can community and the general public also provides high visibility and rich age 55 and under; our posts reach, on Further, NIAF continued its through a variety of media initiatives. advertising opportunities for NIAF average, over 300,000 people weekly. initiative to improve the Pensieri sponsors who want to reach an Italo-Americani Blog. With a bi-weekly NIAF’s acclaimed Ambassador audience dedicated to the Italian By the close of 2017, our followers posting schedule featuring blog posts magazine, published three times American community and to Italy. on Twitter had increased by nearly from NIAF staff, guest bloggers,

Outreaching a year, is a prestigious consumer 20 percent to 7,328; and our and writers in the Italian American magazine for Italian Americans. Each NIAF’s social media and online Instagram followers increased by community, NIAF has continued to issue is filled with original features, presence continues to grow and is about 40 percent to 5,840. One of the add guest posts promoting intellectual positive and inspiring profiles, insider transforming how the Foundation fastest-growing social media platforms discussions on Italian American travel stories, personalized columns, interacts with members and the today, Instagram has been fundamen- issues. During 2017, 12,330 visitors discerning reviews, and high-quality general public. tal in reaching younger audiences and viewed the blog 15,961 times. photography. expanding NIAF’s online presence. 22 23

Linked to the NIAF website, we had of traditions and community values discussion. And, through social media tions throughout 2017 and brought a soft launch of the Foundation’s between NIAF and our Italian and PR outreach, NIAF launched the its message inside and outside of new “#WeAreNIAF” online fund- American audience – particularly, Italian American Relief Fund campaign the Foundation through a steady raising campaign, and we continue photos and stories of “Sunday to assist communities in central Italy stream of official statements, to work on design and strategy Sauce” and “Sunday Dinner.” The affected by the fall 2016 earthquakes. public service announcements, of the campaign. The soft launch campaign has been steadily gaining In 2017 NIAF has raised $7,510,406 and radio announcements and of #WeAreNIAF was successful, traction, reaching new audiences. We for earthquake relief. news. Throughout 2017, NIAF was raising about $11,000 in just over additionally created NIAF-branded featured in prominent media outlets one month. We project increased wooden spoons with the etched NIAF reached large and diverse covering our events and national fundraising and online community slogan “Make Sunday Italian Again” audiences through its use of social influence in education, politics and engagement when we reintroduce a in 2017, which we sold on NIAF’s media to celebrate and promote the cultural relations. These news out- finalized #WeAreNIAF campaign. website and are generating revenue 42nd Anniversary Gala Weekend lets include The New York Times, from in 2018. in 2017, offering opportunities for Eater DC, Yahoo Finance, New York NIAF also undertook a soft launch higher-level sponsors to benefit from Business Journal, Newswire, New of the “#MakeSundayItalianAgain” We have continued to use apps such our connections and online presence. York Social Diary, Boston Business social media campaign, with a hard as Periscope to livestream videos of Journal, ABC 6 (Boston), Travel launch projected for later in 2018. The our Congressional Staff Association NIAF’s public relations effectively Weekly, Today in New York, NY Fox purpose of #MakeSundayItalianAgain symposiums, which have garnered connected with national and inter- 40, Street Insider, and The Wall is to promote the mutual sharing a great deal of engagement and national press and other organiza- Street Journal’s Digital Journal. 24 25

Affiliations Corporate Relationships Italian American organizations across NIAF’s current roster of Affiliates NIAF corporate sponsorships are Meridian Villas, La Cucina Sabina, the country that share a vision and highlights the continuing expansion for-profit businesses and organiza- La Bella Italia Tours, CyberItalian and mission similar to ours have the of NIAF’s network, with groups in a tions that join in an ongoing relation- ByItaly. Among the newest corporate opportunity to become official NIAF variety of regions, including: Il Circolo ship to provide programming and sponsors to join the Foundation are Affiliates. These non-profit organi- in Palm Beach, Fla.; Italian Cultural services to our membership reflecting Roots ‘n Tours, a travel and genealogy zations receive complimentary NIAF and Community Center in Houston, and supporting NIAF’s mission. company, and Gioielli DOP, a company memberships for their members, Texas; Italian Association of Arizona of second-generation jewelry makers. and, most importantly, are eligible in Scottsdale, Ariz.; The Abruzzo and In 2017, NIAF continued to build rela- for matching scholarships and grants Molise Heritage Society in Wash- tionships with a variety of Italian and NIAF also continues its longstanding with NIAF. ington, D.C.; Northern Ohio Italian Italian American brands, highlighting relationship with Italian airline Alitalia, American Foundation in Cleveland, customized travel, language instruc- Colavita, DelGrosso, Ferrero and Cibo Networking Ohio; and The Italian American Club of tion app, dual citizenship services, Italia, which are all annual supporters Southern Nevada in Las Vegas, Nev. Italian specialty products, and more. of NIAF’s Anniversary Gala. With many Our growing list of corporate sponsors of these corporate sponsors, NIAF include Your Italian Passport, Babbel, has been able to network and provide the Sant’Anna Institute, Santa Rosalia our members special discounts and Favors, Weddings in Tuscany, Nonna access to exclusive programs. Box, Moneta Cookware, 26 Among the Organizations that benefitted from 27 NIAF funding and grants in 2017:

The National Italian American Foun- As shown by the 2010 history-making Accademia Teatro alla Scala National Italian American Sports dation offers you a unique opportu- gift from Victoria J. Mastrobuono, a AAIC Hall of Fame nity to help us support the contin- bequest to NIAF can forever boost our Bloomfield Little Italy Days, Inc. National Christopher Columbus ual promotion of Italian American outreach and the programs we are Columbus Citizens Foundation Association heritage and culture through planned able to offer to Italian American youths. Conference of Presidents of Major National Organization of Italian giving. Your confidence in our mis- Italian American Organizations American Women sion, as embodied by your generous All legacy gifts are customized to Friends of Italy Society of Hawai’i National Society Daughters of the Legacy voluntary support, will enable us to fit the specific program criteria to Fordham Prep American Revolution be of even greater service in the fu- ensure donations are supporting Futures in Education Foundation Order of Sons of Italy in America ture and provide you and your family the NIAF mission most important to i-Italy Sonia Raiziss Giop with a lasting legacy. the donor’s interests. Many giving Il Circolo Cultural Society of the St. Francis College options are available that provide Palm Beaches The Consular Corps of Arizona Foundation exceptional planning strategies Italian American St. Josephs The Lido Civic Club of Washington, D.C. and flexibility while also possibly Society of New Orleans The South Florida Italian Culture & minimizing your tax implications. Italian American Studies Association Heritage Festival Italian Welfare League Washington and Ancient Rome: John D. Calandra Italian American The NIAF Pellegri Program on Roman Institute Antiquity and its Legacy in America La Scuola Italiana Enrico Fermi at The University of Maryland 28 29

Donor Organizations

Abruzzo Molise Heritage Society The Eleanor and Anthony DeFrancis Scholarship Fund

Emanuele Gianturco Memorial Scholarship The Ferdinand J. Maggiore Scholarship

Eva Franchi and the Sergio Franchi Scholarship Fund The Italian Sons and Daughters of America Donors Filomena C. Peloro Scholarship Fund The John R. Mott Foundation

Gene Pettignano Scholarship Fund The Lido Civic Club of Washington, D.C.

Giargiari Medical Scholarship Fund The NIAF Jack Valenti Scholarship Fund

Il Circolo Cultural Society of the Palm Beaches The NIAF Jim Cantalupo Scholarship Fund

Maurizio A. Gianturco Scholarship Fund The NIAF MAACO Enterprises Inc. Scholarship

Società da Vinci The Vincent Zecchino Scholarship 30 31

Revenues Grants & Scholarships National Italian American Foundation Statement of Financial Position – as of Dec 31, 2017 Multiple streams comprise the National Italian A core function of the NIAF mission includes the Unrestricted Restricted1 American Foundation’s annual revenue. These var- support of organizations and programs throughout Assets ious areas all benefit our Foundation by making it the country and overseas which add value to the Cash and cash equivalents $140,774 $1,001,544 possible for NIAF to conduct its work in educational Italian American cultural experience. Furthering that Investments - $10,824,756 programming, grants, scholarships, public policy end, each year NIAF disburses funds to assist with Accounts receivable $221,353 and general operations. NIAF’s major revenue this goal. In 2017, NIAF successfully disbursed a Prepaid expenses $10,000 generating activities include: record amount of funds in this effort. NIAF sent more Property and equipment, net - $922,930 n Fundraising Opportunities than $8 million to a variety of entities that share our Mastrobuono receivable from unrestricted - $300,000 n Membership same goals. These funds benefit others and help Total Assets $372,127 $13,049,230 n Contributions and Donations us to fulfill our mission. They also serve to promote Liabilities and net assets n Investment Income the continued interest in our shared heritage. Some Accounts payable and accrued expenses $167,628 - highlights of this initiative are: Credit card payable $6,040 - While the fall Gala remains our primary fundraising n The NIAF Italian American Relief Fund Loan payable to Mastrobuono $300,000 - vehicle, other notable opportunities aid in this area. $7,510,406.05 Line of credit payable $50,000 - NIAF’s annual New York Golf Outing, the New York n John R. Mott Foundation Scholarships Total Liabilities $523,660 - Gala and several other smaller events throughout $162,500.00 Net Assets the calendar year ensure that we continue to raise n Filomena Peloro Scholarships Unrestricted ($151,542) - the necessary funds to enable the success of $157,000.00 Restricted - $13,049,230 our core mission. NIAF is working hard to ensure n

Financial Highlights Sonia Raiziss GIOP Foundation Scholarships Total Net Assets ($151,542) $13,049,230 that these opportunities, and others, assist in $69,000.00 Total Liabilities and Net Assets $372,127 $13,049,230 continually moving the Foundation forward. Total: $7,907,906.05 1We have classified property and equipment as “Restricted” for purposes of presenting this financial information in order to provide a clearer presentation of the Foundation’s financial position at the end of this financial period. Property and equipment not classified as Additionally, NIAF funds the Ambassador Peter F. “Restricted” for US GAAP purposes. *Unaudited financials Secchia Voyage of Discovery program, which in 2017 sent 20 students on an all-expenses-paid Investment Portfolio trip to the region of Sicily. Out of our portfolio balance of $10,843,737, U.S. Equities remain the majority of our invested asset classes, followed by Mutual Fund – Fixed Income. The asset allocation is as follows: Historical Asset Allocation 2017 J F M A M J J A S O N D 2017 Revenue Streams Cash 3% 3% 3% 3% 4% 3% 2% 3% 3% 3% 3% 3% Temp. Restricted Unrestricted Total US equities 52% 48% 49% 51% 51% 51% 51% 49% 49% 48% 48% 49% n Fundraising Events $28,954 $2,358,616 $2,387,570 Mutual funds - international equities 11% 13% 14% 12% 12% 12% 13% 13% 13% 13% 13% 14% n Memberships $468,494 $468,494 Mutual funds - fixed income bond funds 30% 31% 31% 30% 30% 30% 30% 31% 31% 31% 31% 31% n Contributions $469,424 $274,906 $744,330 n Investment Income $1,406,100 $27,821 $1,433,921 Mutual funds - treasury inflation 4% 4% 4% 4% 4% 4% 4% 4% 4% 4% 4% 4% n Other $419,813 $40,203 $460,016 Total 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% Total $2,324,291 $3,170,040 Composition of Invested Assets Portfolio Detail1 Description Balance 2017 Disbursements Permanently Restricted $8,805,502 n Scholarships $505,850 Temporarily Restricted $2,038,235 n Grants $7,828,566 Total $10,843,737 Total $8,334,418 1This data reflects an aggregation of balances based on their custodial account type. A significant of the stated permanently restricted balance is technically temporarily restricted because investment gains on permanently restricted funds become temporarily restricted and are reclassified for purposes constructing the foundation’s net asset value. The above does not reflect this reclassification. 32 33

Chairpersons Chairmen Emeriti Italian American Leadership Council Members Gabriel A. Battista Dr. A. Kenneth Ciongoli Hon. Patricia de Stacy Harrison Jerry Colangelo Abruzzo & Molise Heritage Society Scott LaGanga Joseph V. Del Raso Robert V. Allegrini * Gerard S. LaRocca * Vice Chairs Hon. Frank J. Guarini Jeanne Allen Marcella Leonetti-Tyler Kenneth J. Aspromonte Frank D. Stella Peter Arduini * Lido Civic Club of Washington, D.C. John F. Calvelli Lorenzo Ascoli Frank Mancini Robert E. Carlucci Board Emeriti Charles D. Balsamo Anthony Manganiello Hon. Anita Bevacqua McBride Matthew J. DiDomenico Sr. John Barbieri Nicholas Marsini Jr. Mario J. Gabelli Antonio Biondi Hon. Anita Bevacqua McBride * Executive Vice Presidents Richard A. Grasso Nicholas Caiazzo * Joseph H. Moglia * Robert V. Allegrini Francesco Nicotra John F. Calvelli * Joseph Molluso Frank Giordano Aileen Riotto-Sirey Caterina Marcella Cannariato Northern Ohio Italian Foundation Gerard S. LaRocca Salvatore J. Zizza Alfred Carfora Francesco Oliveri Mary Casanta Susan Paolercio IALC Members Treasurer Board Of Directors Anthony Catanese Joseph Petracca Sr. Salvatore M. Salibello Peter J. Arduini Art Certosimo Albert Pisa Maria Bartiromo Pat Cipollone Frank Plantemoli

Board of Directors Secretary Chris Berardini Anthony de Nicola Angelo Puglisi Linda R. Carlozzi Nicholas R. Caiazzo, Esq. Claire Demarco Peter Riguardi Paolo Catalfamo Michael Destefano Philip L. Rinaldi * General Counsel Hon. Capri S. Cafaro Franco Di Maio Louis Romeo Joseph D. Lonardo Joseph M. Della Ratta Patrick Dicerbo Salvatore Rotella Anthony S. DiSandro Jr., Esq. Frank DiGioia Hon. Basil M. Russo, Esq. * Founding Chairman Hon. Mike Ferguson Anthony S. DiSandro Jr., Esq. * Salvatore M. Salibello * Jeno F. Paulucci Dr. Antonio Giordano Tommaso Dragotto Pasquale Scalise Joseph H. Moglia Marino Fabio Marc Scarduffa Dr. John P. Rosa Anthony Famiglietti George Simeone * Philip L. Rinaldi Hon. Mike Ferguson * Anthony Tamburri Alfonso Ruffo Arthur Furia, Esq. Vito Tanzi Hon. Basil M. Russo, Esq. Thomas Gentile John Tardy George Simeone Giulio Gianturco Vincent Tedone, MD. Louis E. Tosi Patrick Gnazzo Josephine Templeton Michael J. Zarrelli Robert Greco, Esq. Pietro Toscano Hon. Frank J. Guarini Louis E. Tosi, Esq. * Jim Halpin Charles Turano III Ali Houshmand Samuel Vitale Italian American Club of Sandra Wirta Southern Nevada Kurt Zanelotti Italian American Forum Inc. * Current NIAF Board Members 34 NIAF Business Paul Guarracino Thomas Castellano Karen Dvorak Daniel Luciano Mike Sarcona 35 Council Carol Jahanger Dino Caterini Michael Esposito Jr. Anthony Luiso Giuseppe Savarese Membership Gloria Lagrassa Vincent Celeste Peter Farina Steven Madonna Joseph Savasta Rosana Biondo William Martin Jr. Randy Cellone Stephen Ferlazzo Victor Malatesta William Scari Gennaro Bizzarro Onofrio Mezzina Gil Chimes Cecilia Ferro Gianpaolo Manzolillo John Scarpa Charles Bonsignore Peter Michelotti Jolene Chinchilli Joseph Fioravanti Michael Marchese Joseph Sciame Paul Chiapparone Lisa Napolitano Michael Chionchio Donis Flagello, Ph.D. Perry Martini Chris Scopa-Smith Salvatore Cianflone Sr. Vincenzo Naschi J Richard Ciccone Thomas Flood Donald Mash Nicolina Seay Vincent Cino Joseph Orrico Daniel Cifelli Anna Flori (Mascio-Malena) John Serafino Robert Colombo Salvatore Pellerito John Cifichiello, CPA Conrad Foa Meredithe Mastrella Michael Shippole Andrea De Benedittis Massimo Rapparini Anthony Colaizzo Ed Foglia Scott Matagrano Christopher Sieger Tina Del Casale Salvatore Restivo Matthew Conti Michael Forino Marilouise Mattioli Joe Simari Joseph Della Ratta Guy Rizzo Maria Corbo Stephen Fortunato, MD. John Mattioni Joseph Simonelli Jr. Guido DiBenedetto Gina Rubel, Esq. Anthony & Angela Ciro Fraschilla Marilouise McNally Nicholas Simonetta Gerard Diconza Michael Sasu Cordisco Matthew Gallo Grace Mele John Sivori Anthony Durante William Schneider Vincent Cortese Robert Gazzola, Esq. Salvatore Mendolia Joseph Spagnuola Diana Femia Joseph Sorbera Jr. Giuseppe Corvino Roberta Gentili Purcell Tony Meoli Frank Spano, Esq. Louis Furlo Samuel Strada Rosario Criscuolo William Giammarese Robert Michielutti Vito Spitaleri Vincent Greco Joseph Tranchina Ricky Curotto Thomas Giancarlo Robert Minutillo William Staffieri Thomas Iacoboni Patricia Varano Bert Cutino David Giannotti Dominic Monetta Vincent Stracquadanio Loriann Low, Esq. Anthony Venturino, Esq. Frank D’Alessandro Alessandra Giansanti Nicholas Montesano Beatrice Stradling Peter Mangin Mario VillaSanta Carmine D’Aloisio Zorlas Shirley Moran Walter Tabaschek Ed Danberry Anthony Giliberto Henry Muschio Joseph & Nancy

Council Members Anthony Marnell II William Martini NIAF Patron Joseph D’Andrea Vincent Gismondi Michael Natale, MD. Ladd Tarantino Louis Milo Membership Ernani D’Angelo Vincenzo Giuliano Silvano Orsi, Esq. David Tedesco Paul Minolfo Nicholas Acker Lawrence D’Angelo Theodore Granata Jr. Bianca Ottone John Terranova Angelo Mozilo John Agnello Anita D’Angio Joseph Graziano Lawrence Palaia Aldo Terranova Vincent Naccarato Samuel Alito Jr. Flora D’Angio Michael Grow Antoinette Palanca Beatrice Tierney Stephen Nardi Thomas Allegretti George Dapra Donald Guadagnoli Robert Palma Charles & Dorothy Tornetta Michael Palmieri Dorothy Amore Gaetano D’Aquino Patrick Guarino Marc Palmieri Frederick Tramutola Jr. Jeffrey Reh Lamberto Andreotti Guy De Genaro Joseph Guerrieri Jr. Frank Pasquesi, Esq. Vincent Trasatti Sr. Frank Serravalli Susan Antonelli Michael De Laurentis Mario Guerriero David Perini Michael Trentacoste Armando Stavole Sr. Michael Baio Julian De Lia Paul Hickey, Esq. John Picardi Anthony Tringale Pierluigi Zappacosta Robert Baldassari Vera de Paulis Peter Iovino, Esq. Luigi Pietrantoni Tony Tripodi Salvatore Zizza Vicki Balzano Lou DeBeradinis Francesco Isgro Larry Pilot Thomas Troiano, Esq. Daniel Zucchi Pietro Barberi Rob Del Moro Michael Italiano Anthony Pinto Thomas Uva Robert Barbuto Anthony Dellorso Donna Iucolano Christopher Pontrelli Stephen Vaccarezza NIAF Council Anthony Battista Angela DeMarco Anthony Izzo Gilberto Prebelli John Valenti Membership Greg Bergamo Rose Christine Demarco, Len Izzo Josie Press Brandon Vallorani Sal Amato Grace Bileta MSM, CFRE Marie Jordan Joseph Puglise, MD. Henry Varriano Bruce Arella Joseph Brancato Nicholas DiGiorgio Rose Kaufman Rita Rana Paul Victor Andrew Barberio Ashley Browder Joseph DiLorenzo Diane Kelley Maria Gloria Rando Joseph Violante Jerry Bello Sr. Mary Brown Salvatore DiLorenzo Michael Kulp Tommaso Rendino Lisa Violetto-Desposito Phillip Cacioppo Robert Bruno Anthony DiLucia Joseph LaForgia Angelo Reppucci Joseph Volpe Jr. Vincent Cali Ralph Caccia, Esq. Salvatore Dimartino Rudolph Lamone Mark Ricci Thomas Volpe John Cordasco Juanita Campitelli Bernard Dimuro, Esq. Grace Lappin Steven Rivellino La Malva Vorsanger Emily Deady Valerie Cappello Perry DiNapoli Bill LaRosa Rosemarie Ruggiero Michael Votto Francis Demita Sr. Bart Caprario Mario Dirienzo III Edoardo Lebano Paul Russitano Angela Weisskopf Denise Di Costanzo John Carbone Victor DiSerio Richard Libretti Margherita Russo Vincent Durso Gregory Carnevale, M.D. Christopher DiTuri Sal Lifrieri Frank Sabatelli, MD. Agostino Galluzzo Cynthia Caruso Vince D’Onofrio Vincent Lisanti Nancy Sacco Stephen Giordano, Esq. Joseph Cashia Jerolene Drefs Anthony Lisanti Thomas San Giovanni, MD. 36 NIAF Sustaining Daniela Cardillo Susan D’Ottavio M. Martha Lauro Eid Alexander Pampalone Chris Simone 37 Membership Albert Carsillo Joann Eagan Wendy Lazarus Elizabeth Paparo Christopher Simone Joseph Agostino Alfred Castino Jeff Egizii Robert Lefavi Jeffrey Paravano, Esq. Albertina Simone Stephanie Almagno Andrew Castrodale Stacy Esposito Light Ruth Leininger Joseph Parrino James Simunek Michael Ambrosini II Carolyn Cate Stephen Falanga, Esq. Domenick Lepore Rose Ann Pascucci Patricia Sinicropi Tommaso Ammazzalorso Joseph Cavallo Thomas Falcone Judy Lloyd Ernest Passarelli Silvio Solari Jan Angilella William Cerami Daniel Faraci Melissa Lombardi Lucio Pavone Robert Sorrentino Anthony Arcudi Vincent Chiaramonte Jerry Farrell Jr. Michael Losurdo Lynette Pellettiere Michael Spagnoli Domenico Artusa Alan Ciamporcero John Fer Doug Lyon Thomas Pennella Anthony Spatola Marie Assante Mario C. Ciano Maria Ferguson John Magnani Guy Perego Toni Sterling Massimo Audi Lawrence Cicchiello Dominick Fiorilli Lisa Mammel Pasquale Perrotta Catia Sternini Heather Avellone Angelo Cicolani Susan Fludgate Michaele Manigrasso Caterina Petrucco Michael Strutton A Bairani Family Karen Cirillo Sarah Ford Michael Manzino Littleton Carlos Tapia Albert & Patricia Lisa Citarella Mark Forziati Robert Marcarelli Mary Jane Petruzzi Jack Terranova Bajohr, MD. Lucy Civitello Angelo Fraioli Ralph Marchetta Jr. Katherine Philbin Vincent Tiseo Raymond Barbieri Angelina Cobello Crimi Christopher Francese John Marchetti Christopher Pino Domenico Tolomeo Alexander Barletta Patricia Coburn Thomas Franco Donna Marinacci Vincent Policelli Karen Torghele Aldo Barsotti, Ph.D. Paul Cognata Frank Franzini Riccardo Marratzu John Polimeni Guy Tressler III Stephen Battaglia Ronny Cohen Silvia Fregni Joy Marsella Marianna Pontoriero, Esq. Frank Uzzi Jon Bellantoni William Colavito Raymond Frigo P. Marshio J. Pooler Jr. Dana Vagnoni Dan Bello Joseph Coniglio Anthony Furio Carmen Martucci, Esq. Carmine Primeggia Salvatore Valente Michael & Diane Dean Coppola Mary Gabriele Anthony Marziani Jr. Charles Privitera Jr. Frank Van Riper Bertocchi Dena Cornett Cesare Gallo Joe Masisak Jr. Ronald Profili Gene Venetta Jason Bertocchi Rosa Corrado-Nanji Antonio Gargano Eugene Massamillo, Esq. Louis Proietti Steven Venezia Esq William Bertolani Jr. John Costanzo Kenneth Gazzola Michele Mattioli-Kulick Maria Theresa Quaranta Christopher Ventresca Jr Trudi Bertolucci Joseph Cucchiaro Jonathan Gentile Michael Mattioni Michael Ragusa Peter Vercilla Balestreri Paul Cuccinelli Andrew Giacini Louis Mattucci Robert Raimondi Emilio Viano Paul Bertucci Ciro Cuono James & Susan Daniel Mazza Clement Raiteri Susan Viselli Graziella Bianchi Michael Curreri Giangarra Lissa Mckinney Peter Reali Gaetano Vitolo Laura Blue Elizabeth Daly Charles Giarratana, MD. Amy Meszaros Santuccio Ricciardi Kevin Vitting John Bonaccorsi Francine D’Amato Robert Gionfriddo David Micciulla Mary-frances Richards Anthony Volpe Mary Bonafede Anthony Dardano Jr. Holly Giordano Joseph Migliozzi Gianna Rigoni Margherita Marcel Borg Stephanie Dauzat Lyons, Esq. Mark Mineo Peter Robbio Volpe-Mcintosh Eric Borsoni David De Santo Roberto Giua Vincent Mirrione Robert Romano II Sue Walker Paula Branca-santos, Esq Michael De Sapio, Esq. Scott Granieri Dona Mistichelli Robert Ruffolo Lori Wasserman Kenneth Breglio Richard Deagazio Shelley Greggs Andrew Monteleone, Anthony Russo Molly Weiner Michael Brescia Greg DeCola Leanne Grev Esq. Gregory Salvato Patricia Woodcock Maria Brower Joseph Decredico James Grisaffe John Moraca Chris Sanchirico, Ph.D. George Yannotti Kristin Bruno, Ph.D. Denis Defrange Stephen Gronda Bill Moraca Michael Sandelli Vincent Zappa Samuel Bruttomesso John Del Monaco Elena Gumina Mike Mucci George Santopietro Anthony Zarillo Marco Bulzomi Stephen DeSena Angela Hale Umberto Mucci Michael Santore Barbara Zippi Raymond Caccioli Vincent Desomma III Anne Hammer Jason Nappi Paola Sapienza Michael Cafiero Jr. Michele Di Pietro Sandra Harris Marialena Nichols, John Sarlo Anthony Calabrese, MD. Thomas Diamante William Hawkins RN, MN, CNS Anthony Sassan C. Vincent Caminiti Geraldine Dicostanzo Michele Herndon Peter Nolfo Steven Scarlata Ronald Campana Sr. Bruce DiFrancisco Joanne Hollrah Kathryn Occhipinti John Scarpati John Cangelosi Michael DiGirolamo Melanie Holtz Karen O’Leary Frank Scattino Gerard Cantalupo Elizabeth DiGregorio Vanessa Janus Carmelo Oliveri Ramon Scavelli Pete Capacchione Kathleen Dimeglio Michael Klein Federico Pacchioni Daniel Schepis Daniel Cappello Vincent & Maria DiPierro Rianne Kravitz Anthony Palazzolo Russell Scinta Richard Caputo, Ph.D. Joseph Dipompeo Richard La Rocca Ronald Palmeri Phillip Scrima Thomas Caradonna Enrico Doganiero Alfred Laporta Donna Palumbo Luciana Sikula National Italian American Foundation Ambassador Peter F. Secchia Building 1860 19th Street NW Washington, D.C. 20009-5501 202-387-0600 www.niaf.org