THE BPB AND HBB FOUNDATION

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THIS STATEMENT IS SUBMITTED IN ACCORDANCE WITH REG. 1.6043-3(A)(1) AND FORM 990-PF GENERAL INSTRUCTIONS TO REPORT THE DISTRIBUTION OF CERTAIN ASSETS THAT RESULTED IN A COMPLETED LIQUIDATION OF ASSETS DURING 2023. THE BPB AND HBB FOUNDATION TERMINATED ON DECEMBER 18, 2023 AND IS FILING A FINAL YEAR TAX RETURN. THE LIQUIDATING DISTRIBUTIONS MADE IN 2023 REPRESENT 100% OF THE FOUNDATIONS NET ASSETS (AS MEASURED BY THE FAIR MARKET VALUE). THE LIQUIDATING DISTRIBUTIONS WERE MADE TO THE FOLLOWING "QUALIFYING ORGANIZATION": THE BRENDAN & HELEN BECHTEL FOUNDATION EIN: 86-2824870 | | | FORM 990-PF PART XII, LINE 10 - EXCESS DISTRIBUTION CARRYOVER TO 2024: AS A RESULT OF THE TRANSFER OF ALL NET ASSETS, THE TAX ATTRIBUTES OF THE BPB AND HBB FOUNDATION WILL BECOME TAX ATTRIBUTES OF THE BRENDAN & HELEN BECHTEL FOUNDATION*: EXCESS FROM 2019 = $745,208 EXCESS FROM 2022 = $1,225,092 TOTAL EXCESS DISTRIBUTION CARRYOVER TO 2024 = $1,970,300 *THE TRANSFER OF THE EXCESS DISTRIBUTION CARRYOVER FROM THE BPB AND HBB FOUNDATION TO THE BRENDAN & HELEN BECHTEL FOUNDATION IS SUPPORTED UNDER INTERNAL REVENUE RULING 78-387. A PRIVATE FOUNDATION THAT HAD A CARRYOVER OF EXCESS QUALIFYING DISTRIBUTIONS AS DESCRIBED IN IRC SECTION 4942(I) TRANSFERED ALL OF ITS ASSETS TO ANOTHER PRIVATE FOUNDATION THAT WAS CONTROLLED, WITHIN THE MEANING OF SECTION 1.482-1(A)(3) OF THE INTERNAL REVENUE REGULATIONS BY THE SAME PERSON WHO CONTROLLED THE TRANSFER FOUNDATIONS. THE TRANSFEREE FOUNDATION IS ALLOWED TO REDUCE THE REQUIRED 5% DISTRIBUTABLE AMOUNT UNDER IRC SECTION 4942(D) BY SUCH CARRYOVER.

Focus Areas

Financial Trends

Grant Size Distribution

Based on 4 grants on record

Geographic Distribution

Key Personnel

Grants Awarded (4 total)