OEDEL FOUNDATION

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OEDEL FOUNDATION STATEMENT OF LIQUIDATION DECEMBER 31, 2023 04-66555524 IN 2022 AND THE OEDEL FOUNDATION BEGAN CONVERTING INVESTMENTS INTO CASH AND COMPLETED THIS PROCESS IN 2023. IN 2023, THE OEDEL FOUNDATION MADE ITS ANNUAL CHARITABLE DISTRIBUTIONS AS WELL AS ITS LARGER LIQUIDATING CHARITABLE DISTRIBUTIONS OF CASH (ONLY ASSET REMAINING) TO WHERE IT HAD NO REMAINING ASSETS BY YEAR END. INCLUDED IN THE GRANTS OR CONTRIBUTIONS ON PAGE 11 OF THE 990PF WERE THE FOLLOWING CONTRIBUTIONS MADE TO LIQUIDATE THE OEDEL FOUNDATION. NORTHSHORE COMMUNITY COLLEGE, ONE FERNCROFT RD., DANVERS, MA 01923 $1,200,000 CASH. PHOENIX CHARTER ACADEMY, 175 HAWTHORNE ST., CHELSEA, MA 02150 $ 500,000 CASH. MIDDLESEX COMMUNITY COLLEGE, 591 SPRINGS RD., BEDFORD, MA 01730 $ 250,000 CASH. GREATER LAWRENCE TECHNICAL SCHOOL, 57 RIVER RD., ANDOVER, MA 01810 $ 700,000 CASH. YOUTH DEVELOPMENT ORGANIZATON, 15 UNION ST., STE 500, LAWRENCE, MA 01840 $ 300,000 CASH. THEREFORE, INCLUDED IN THE 2023 CHARITABLE DISTRIBUTIONS REPORTED ON PAGE 11 AND RELATED CONTINUATION PAGES ARE $2,950,000 LIQUIDATING THE FOUNDATION. ALL CONTRIBUTIONS AND DISTRIBUTIONS WERE TO QUALIFIED CHARITABLE ORGANIZATIONS. THE FEDERAL OVERPAYMENT OF $390.00 FROM THE 2023 FORM 990-PF WILL BE PAID TO A LOCAL CHARITY ONCE RECEIVED.

Financial Trends 2022 data appears limited (dashed line) because the IRS transitioned its e-filing system that year and only published 2 months of XML archives.

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