Washington Financial Charitable

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ON APRIL 21, 2016, THE TRUSTEES OF THE WASHINGTON FINANCIAL CHARITABLE FOUNDATION, A CHARITABLE TRUST (THE "TRUST") UNANIMOULSY VOTED TO TERMINATE THE TRUST AND DELIVER ALL ASSETS TO A NONPROFIT CORPORATION, ALSO NAMED THE WASHINGTON FINANCIAL CHARITABLE FOUNDATION (THE "CORPORATION"), PENDING THE APPROVAL OF THE PENNSYLVANIA ATTORNEY GENERAL. THE CORPORATION IS A FEDERALLY TAX-EXEMPT ORGANIZATION PURSUANT TO IRC SECTION 501(C)(3) WITH A MISSION NEARLY -IDENTICAL TO TRUST. THE CORPORATION WAS ESTABLISHED BY THE TRUSSTEES OUT OF A DESIRE TO OPERATE THE FOUNDATION IN THE CORPORATE, RATHER THAN TRUST, FORM. ATTACHED IS A COPY OF THE COPRORATION'S IRS DETERMINATION LETTER; A COPY OF THE RESOLUTION OF THE TRUSTEES AUTHORIZING THE TERMINATION OF THE TRUST AND DELIVERY OF ASSETS TO THE CORPORATION; A COPY OF THE LETTER TO THE PENNSYLVANIA ATTORNEY GENERAL'S OFFICE DATED APRIL 27, 2016 ASKING FOR THEIR CONSENT TO THE TRANSACTION; AND A COPY OF THE LETTER FROM THE ATTORNEY GENERAL'S OFFICE DATED JUNE 21, 2016 APPROVING THE TRANSACTION. ON JUNE 30, 2016, CASH OF 54,200.12 WAS TRANSFERRED FROM TRUST TO CORPORATION.

Grant Size Distribution

Based on 1 grants on record

Geographic Distribution

Grants Awarded (1 total)

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