The L Bravmann Foundation Inc

About

ATTACHMENT TO PART VI-A, LINE 5: STATEMENT REGARDING SUBSTANTIAL CONTRACTION EFFECTIVE ON OR ABOUT JUNE 25,2024, THE L. BRAVMANN FOUNDATION, INC. (THE "FOUNDATION") MADE A DISTRIBUTION OF ASSETS WITH A FAIR MARKET VALUE EQUAL TO APPROXIMATELY 50% OF THE FAIR MARKET VALUE OF THE FOUNDATION'S TOTAL ASSETS AS OF SUCH DATE, NET OF ANY EXPENSES PROJECTED TO BE INCURRED (OR ALREADY INCURRED) BUT NOT PAID BEFORE JUNE 30, 2024. THE GOAL OF THE DISTRIBUTION WAS TO DIVIDE THE ASSETS OF THE FOUNDATION AS NEARLY AS POSSIBLE INTO TWO EQUAL PARTS, ONE TO BE DISTRIBUTED TO THE BELOW NAMED RECIPIENT AND ONE TO BE RETAINED BY THE FOUNDATION. THE SOLE RECIPIENT OF SUCH DISTRIBUTION WAS: J.P. MORGAN CHARITABLE GIVING FUND NATIONAL PHILANTHROPIC TRUST 165 TOWNSHIP LINE ROAD SUITE 1200 JENKINTOWN, PA 19046 SUCH RECIPIENT IS EXEMPT FROM INCOME TAXATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE "CODE") AND IS FURTHER CLASSIFIED AS A PUBLIC CHARITY UNDER CODE SECTION 170(B)(1)(A)(VI). CONSEQUENTLY, THE DISTRIBUTION IS A QUALIFYING DISTRIBUTION UNDER CODE SECTION 4942. THE FOUNDATION DOES NOT PLAN TO DISSOLVE, AND NO STATE FILINGS WERE REQUIRED IN CONNECTION WITH SUCH DISTRIBUTION. HOWEVER, FOR PURPOSES OF THE FOUNDATION'S OWN RECORDS, THE BOARD OF DIRECTORS OF THE FOUNDATION DID ADOPT A FORMAL RESOLUTION TO MAKE SUCH DISTRIBUTION. A CERTIFIED COPY OF THAT RESOLUTION IS ATTACHED HERETO. IN SATISFACTION OF THE REMAINING REQUIRED ELEMENT OF THIS STATEMENT (AN EXPLANATION OF THE NATURE AND FAIR MARKET VALUE OF THE ASSETS DISTRIBUTED TO EACH RECIPIENT), THAT RESOLUTION ALSO CONTAINS AS SCHEDULE A THERETO A SCHEDULE OF THE ASSETS DISTRIBUTED AND THE FAIR MARKET VALUE OF EACH.

Financial Trends

Grant Size Distribution

Based on 35 grants on record

Geographic Distribution

Grants Awarded (35 total)