STEPHEN & PAMELA THORNE FOUNDATION 26-0276194 STATEMENT OF SUBSTANTIAL CONTRACTION DURING ITS 2019 TAX YEAR, THE STEPHEN AND PAMELA THORNE FOUNDATION DISTRIBUTED A SIGNIFICANT AMOUNT OF ITS ASSETS TO A SUCCESSOR FOUNDATION, THE STEPHEN & PAMELA THORNE FOUNDATION TRUST (82-1937637). THE SUCCESSOR FOUNDATION IS A QUALIFIED SEC. 501(C)(3) PRIVATE NONOPERATING FOUNDATION THE 2019 TRANSFER OF ASSETS WAS PART OF A PLAN OF COMPLETE TRANSFER OF ALL ASSETS TO THE SUCCESSOR FOUNDATION, WHICH IS EXPECTED TO BE COMPLETED IN 2020. WE ANTICIPATE THAT THE STEPHEN & PAMELA THORNE FOUNDATION (I.E. THE PREDECESSOR FOUNDATION) WILL DISSOLVE AND LIQUIDATE IN 2021. THE DISTRIBUTION OF ASSETS TO THE SUCCESSOR FOUNDATION DURING 2019 WAS AS FOLLOWS: 1/1/2019: ASSETS WITH AGGREGATE VALUE OF $2,449,972 WERE DISTRIBUTED TO THE SUCCESSOR FOUNDATION. TOTAL FOUNDATION ASSETS AS OF THAT DATE HAD A VALUE OF $2,457,571. THUS 99.7% OF THE FOUNDATION'S TAX ATTRIBUTES WERE TRANSFERRED TO THE SUCCESSOR FOUNDATION AS OF 1/1/2019. 8/29/2019: ASSETS WITH AGGREGATE VALUE OF $57,565 WERE DISTRIBUTED TO THE SUCCESSOR FOUNDATION. TOTAL FOUNDATION ASSETS AS OF THAT DATE HAD A VALUE OF $57,565. THEREFORE 100% OF THE FOUNDATION'S REMAINING TAX ATTRIBUTES AS OF 8/29/2019 WERE TRANSFERRED TO THE SUCCESSOR FOUNDATION.
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2022 data appears limited (dashed line) because the IRS transitioned its e-filing system that year and only published 2 months of XML archives.