Russell Shertzer Tr 2 Fbo Shells 32V016013

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IN ACCORDANCE WITH THE TERMS OF THE TRUST'S GOVERNING DOCUMENT, THIS IRC SECTION 501(C)(3) EXEMPT CHARITABLE TRUST MAKES DISTRIBUTIONS TO SHELLS LUTHERAN CHURCH CEMETERY, A TAX EXEMPT ORGANIZATION, FOR OPERATIONAL AND MAINTENANCE NEEDS OF THE CHURCH CEMETERY. THE TRUST, WHICH WAS FUNDED FROM THE ESTATE OF RUSSELL T SHERTZER ON 9/7/1995, HAS MADE DISTRIBUTIONS FOR TWENTY FIVE (25) CONSECUTIVE YEARS TO SHELLS LUTHERAN CHURCH CEMETERY IN CARRYING OUT ITS CHARITABLE PURPOSES. HOWEVER, DUE TO THE SMALL SIZE AND ONGOING ADMINISTRATIVE EXPENSES OF THE TRUST, LIQUIDATING DISTRIBUTIONS TO THE ABOVE NAMED BENEFICIARY, IN ACCORDANCE WITH THE GOVERNING DOCUMENT AND AS PERMITTED UNDER APPLICABLE LOCAL LAW, WERE DETERMINED TO BE IN THE BEST INTEREST OF ALL PARTIES. THE DISTRIBUTIONS EXHAUSTED THE TRUST FUNDS. AS SUCH, THIS IRC SECTION 501(C)(3) EXEMPT CHARITABLE TRUST IS VOLUNTARILY TERMINATING ITS PRIVATE FOUNDATION STATUS PURSUANT TO IRC SECTION 507(A)(1). ACCORDINGLY, THE TRUST HAS SUBMITTED A STATEMENT TO THE DISTRICT DIRECTOR OF ITS INTENT TO TERMINATE ITS PRIVATE FOUNDATION STATUS. THE STATEMENT INCLUDES A DETAILED CALCULATION OF THE TAX IMPOSED UNDER IRC SECTION 507(C). THE VALUE OF THE ASSETS REMAINING IN THE TRUST ON THE DATE OF NOTICE TO THE IRS ARE ZERO AND AS SUCH, THE TAX IS EQUAL TO ZERO. PLEASE REFER TO PART XV, LINE 3A, FOR A SCHEDULE THAT LISTS THE NAME AND ADDRESS OF THE RECIPIENT OF THE ASSETS AND FOR AN EXPLANATION OF THE NATURE AND FAIR MARKET VALUE OF THE ASSETS, WHICH WAS STRICTLY CASH, DISTRIBUTED TO THE RECIPIENT. FINAL DISTRIBUTION OF ASSETS TO THE CHARITABLE ORGANIZATION NOTED IN PART XV, LINE 3A, WAS MADE ON 12/23/2020, AND AFTER A BRIEF WINDING UP PERIOD, THE TRUST TERMINATED ON 12/31/2020.

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