RICHMOND COUNTY FINANCIAL CORP
SC 13G/A, 2000-02-11
SAVINGS INSTITUTIONS, NOT FEDERALLY CHARTERED
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<PAGE> 1


                                UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549





                                SCHEDULE  13G/A

                   Under the Securities Exchange Act of 1934
                              (Amendment No. 1)*


                        Richmond County Financial Corp.
                 -------------------------------------------------

                                (Name of Issuer)

                      Common Stock, par value $.01 per share
                ----------------------------------------------------
                        (Title of Class of Securities)


                                 764556-10-6
                       ---------------------------------
                                (CUSIP Number)

                               December 31, 1999
                   -----------------------------------------
            (Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:

      /x/ Rule 13d-1 (b)
      /_/ Rule 13d-1 (c)
      /_/ Rule 13d-1 (d)

*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).

SEC 1745 (2-95)
                              Page 1 of 5 pages

<PAGE> 2




- --------------------------  ------------------------ ---------------------------
CUSIP NO. 764556-10-6                 13G/A               Page 2 of  5  Pages
- --------------------------  ------------------------ ---------------------------

- ----    ------------------------------------------------------------------------
1       NAME OF REPORTING PERSON
        S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
        Richmond County Savings Foundation

- ----    ------------------------------------------------------------------------
2       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                        (a) /__/
                                                        (b) /__/
- ----    ------------------------------------------------------------------------
3       SEC USE ONLY


- ----    ------------------------------------------------------------------------
4       CITIZENSHIP OR PLACE OF ORGANIZATION Non-stock corporation incorporated
        in Delaware.

- -----------------  -----  ------------------------------------------------------
     NUMBER OF       5    SOLE VOTING POWER
       SHARES                   1,866,300
    BENEFICIALLY
      OWNED BY     ----   ------------------------------------------------------
        EACH         6    SHARED VOTING POWER
     REPORTING                     0
       PERSON
        WITH       ----   ------------------------------------------------------
                     7    SOLE DISPOSITIVE POWER
                               1,866,300

                   ----   ------------------------------------------------------
                     8    SHARED DISPOSITIVE POWER
                                  -0-
- ----   -------------------------------------------------------------------------
9      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
              1,866,300

- ----   -------------------------------------------------------------------------
10     CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*


- ----   -------------------------------------------------------------------------
11     PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
              6.1% of 30,409,339 shares of Common Stock outstanding
              as of December 31, 1999.

- ----   -------------------------------------------------------------------------
12      TYPE OF REPORTING PERSON*
              CO

- --------------------------------------------------------------------------------
                     *SEE INSTRUCTION BEFORE FILLING OUT!



<PAGE> 3



                      RICHMOND COUNTY SAVINGS FOUNDATION
                                SCHEDULE  13G/A

Item 1(a)   Name of Issuer:
            Richmond County Financial Corp.

Item 1(b)   Address of Issuer's Principal Executive Offices:
            1214 Castleton Avenue
            Staten Island, New York 10310

Item 2(a)   Name of Person Filing:
            Richmond County Savings Foundation

Item 2(b)   Address of Principal Business Offices or, if none, Residence:
            900 South Avenues
            Staten Island, New York 10314

Item 2(c)   Citizenship:   Non-stock corporation incorporated in Delaware.

Item 2(d)   Title of Class of Securities: Common Stock, par value $.01 per share

Item 2(e)   CUSIP Number: 764556-10-6

Item 3      The person filing this statement is an Endowment Fund.

            Item 4  Ownership.  As of December 31, 1999,  the  reporting  person
            beneficially  owned 1,866,300  shares of the issuer.  This number of
            shares  represents 6.1% of the common stock,  par value $.01, of the
            issuer,   based  upon   30,409,339   shares  of  such  common  stock
            outstanding  as of December 31, 1999.  As of December 31, 1999,  the
            reporting person has sole power to vote or to direct the vote of all
            1,866,300  shares  and has the sole  power to  dispose or direct the
            disposition of all 1,866,300 shares of common stock.




                              Page 3 of 5 pages

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Item 5      Ownership of Five Percent or Less of a Class.

            N/A

Item 6      Ownership of More than Five Percent on Behalf of Another Person.

            N/A

Item 7      Identification and Classification of the Subsidiary Which Acquired
            the Security Being Reported on By the Parent Holding Company.

            N/A

Item 8      Identification and Classification of Members of the Group.

            N/A

Item 9      Notice of Dissolution of Group.

            N/A



                              Page 4 of 5 pages

<PAGE> 5


Item 10     Certification.

            By signing below, I certify that, to the best of my knowledge and
            belief, the securities referred to above were acquired in the
            ordinary course of business and were not acquired and are not held
            for the purpose of or with the effect of changing or influencing the
            control of the issuer of the securities and were not acquired and
            are not held in connection with or as a participant in any
            transaction having that purpose or effect.

                                   SIGNATURE

      After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.

                               February 11, 2000
                  --------------------------------------------
                                    (Date)

                             /s/ Anthony E. Burke
                  --------------------------------------------
                                  (Signature)

                          Anthony E. Burke, Treasurer
                      Richmond County Savings Foundation
                  --------------------------------------------
                                    (Title)







                               Page 5 of 5 pages




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