A RESOLUTION OF DISSOLUTION WAS APPROVED BY THE FOUNDATION'S BOARD OF DIRECTORS ON OCTOBER 19, 2021. THE PLAN OF DISTRIBUTION WAS APPROVED BY THE OFFICE OF THE ATTORNEY GENERAL OF THE STATE OF WASHINGTON ON SEPTEMBER 20, 2021. ACCORDING TO THE PLAN OF DISSOLUTION, ALL ASSETS OF THE FOUNDATION SHALL BE DISTRIBUTED AS FOLLOWS: A. ALL LIABILITIES AND OBLIGATIONS OF THE FOUNDATION SHALL BE PAID, SATISFIED AND DISCHARGED, OR ADEQUATE PROVISION SHALL BE MADE THEREFOR (APPROXIMATELY $136,000 IN EXPENSES); B. THE BALANCE OF THE ASSETS WILL BE DISTRIBUTED AS FOLLOWS: 1. $1,400,000 TO THE CENTRAL MONTANA FOUNDATION TO SUPPORT THE PETROLEUM COUNTY COMMUNITY CENTER TO ESTABLISH A NON-ENDOWED FIELD OF INTEREST FUND TO SUPPORT CHARITABLE PROGRAMS AND SERVICES THAT A) PROVIDE OPPORTUNITIES TYPICALLY NOT OTHERWISE AVAILABLE PARTICULARLY IN SMALLER COMMUNITIES, (B) WHICH PROMOTE A TECHNICAL OR PROFESSIONAL SKILL NOT OTHERWISE GENERALLY AVAILABLE IN THE COMMUNITY TO YOUNG MEN AND WOMEN LEADING TO A LIFETIME CAREER, ( C) WHICH ENABLE THE HANDICAPPED OR UNDERPRIVILEGED TO ACHIEVE LIFE GOALS AND (D) WHICH PROMOTE THE ABILITY OF WORKING INDIVIDUALS TO BECOME MORE PRODUCTIVE MEMBERS OF SOCIETY;; 2. $200,000 TO THE COMMUNITY FOUNDATION OF SOUTH PUGET SOUND TO ESTABLISH A NON-ENDOWED FIELD OF INTEREST FUND TO SUPPORT CHARITABLE PROGRAMS AND SERVICES THAT A) PROVIDE OPPORTUNITIES TYPICALLY NOT OTHERWISE AVAILABLE PARTICULARLY IN SMALLER COMMUNITIES, (B) WHICH PROMOTE A TECHNICAL OR PROFESSIONAL SKILL NOT OTHERWISE GENERALLY AVAILABLE IN THE COMMUNITY TO YOUNG MEN AND WOMEN LEADING TO A LIFETIME CAREER, ( C) WHICH ENABLE THE HANDICAPPED OR UNDERPRIVILEGED TO ACHIEVE LIFE GOALS AND (D) WHICH PROMOTE THE ABILITY OF WORKING INDIVIDUALS TO BECOME MORE PRODUCTIVE MEMBERS OF SOCIETY; 3. $100,000 TO THE COMMUNITY FOUNDATION OF NORTH CENTRAL WASHINGTON TO CREATE A DESIGNATED FUND FOR THE BENEFIT OF THE BREWSTER BOYS AND GIRLS CLUB; 4. $400,000 TO THE COMMUNITY FOUNDATION OF NORTH CENTRAL WASHINGTON TO CREATE A FIELD OF INTEREST FUND. DISTRIBUTIONS SHALL BE MADE ANNUALLY TO ONE OR MORE PUBLIC CHARITIES IN THE FOLLOWING FIELD(S) OF INTEREST: (A) PROVIDE OPPORTUNITIES TYPICALLY NOT OTHERWISE AVAILABLE PARTICULARLY IN SMALLER COMMUNITIES, (B) WHICH PROMOTE A TECHNICAL OR PROFESSIONAL SKILL NOT OTHERWISE GENERALLY AVAILABLE IN THE COMMUNITY TO YOUNG MEN AND WOMEN LEADING TO A LIFETIME CAREER, (C) WHICH ENABLE THE HANDICAPPED OR UNDERPRIVILEGED TO ACHIEVE LIFE GOALS AND ( D) WHICH PROMOTE THE ABILITY OF WORKING INDIVIDUALS TO BECOME MORE PRODUCTIVE MEMBERS OF SOCIETY; 5. $500,000 TO THE SOUTH PUGET SOUND COMMUNITY COLLEGE FOUNDATION TO CREATE AN ENDOWED FUND TO SUPPORT NURSING SCHOLARSHIPS; 6. $500,000 TO ST MARTINS UNIVERSITY FOUNDATION TO CREATE THE BRUNO AND EVELYNE BETTI FOUNDATION LEGACY NURSING SCHOLARSHIP ENDOWMENT; AND 7. NET ASSETS WILL BE SPLIT EVENLY BETWEEN ST MARTINS UNIVERSITY FOUNDATION AND SOUTH PUGET SOUND COMMUNITY FOUNDATION TO SUPPORT THE NURSING SCHOLARSHIPS. ALL OF THE ABOVE DISTRIBUTIONS WERE MADE, IN ACCORDANCE WITH PLAN OF DISSOLUTION BY NOVEMBER 30, 2021. ACCORDING TO ITEM 7 ABOVE, ST MARTIN'S UNIVERSITY FOUNDATION AND SOUTH PUGET SOUND COMMUNITY FOUNDATION EACH RECEIVED $105,000, AS A SPLIT OF THE REMAINING NET ASSETS. THE FOUNDATION HAS $36,056 OF REMAINING CASH TO PAY THE TAX DUE WITH THE FINAL FORM 990-PF, AS WELL AS ANY ADDITIONAL OUTSTANDING LIABILITIES THAT MAY ARISE. ANY CASH REMAINING AFTER THE SATISFACTION OF ALL OTHER OUTSTANDING LIABILITIES WILL BE PAID OUT AS A FINAL GRANT IN ACCORDANCE WITH THE PLAN OF DISSOLUTION, AS DESCRIBED BELOW. THE PLAN OF DISSOLUTION WAS UPDATED. THE ONLY CHANGE WAS TO THE DISTRIBUTION OF NET ASSETS. ALL SPECIFIC DISTRIBUTIONS WERE MADE AS OUTLINED IN THE ORIGINAL PLAN. WITH RESPECT TO THE NET ASSETS, THE ORIGINAL PLAN IS MODIFIED AS FOLLOWS: - AN ADDITIONAL $10,000 TO THE CENTRAL MONTANA FOUNDATION FOR THE PETROLEUM COUNTY COMMUNITY CENTER (ONE OF THE SPECIFIED DISTRIBUTION RECIPIENTS). - AN ADDITIONAL $5,000 TO THE COMMUNITY FOUNDATION OF NORTH CENTRAL WASHINGTON FOR THE BENEFIT OF THE BREWSTERS BOYS AND GIRLS CLUB (ONE OF THE SPECIFIC DISTRIBUTION RECIPIENTS). - $13,000 TO THE TENINO BOYS AND GIRLS CLUB (A PRIOR RECIPIENT OF FUNDS FROM THE FOUNDATION, BUT NOT SPECIFIED IN THE ORIGINAL PLAN OF DISTRIBUTION). -$5,000 TO METHOW VALLEY RIDING UNLIMITED (A PRIOR RECIPIENT OF FUNDS FROM THE FOUNDATION, BUT NOT SPECIFIED IN THE ORIGINAL PLAN OF DISTRIBUTION). - THE BALANCE ONLY TO THE SOUTH PUGET SOUND COMMUNITY FOUNDATION TO SUPPORT NURSING SCHOLARSHIPS - ONE OF THE TWO NET ASSET RECIPIENTS (NO ASSETS WILL GO TO ST MARTIN UNIVERSITY FOUNDATION). AMONG THE GIFTS OUTSTANDING ARE SEVERAL IN WHICH THE PURPOSE OF THE GIFTS WILL NOT BE COMPLETELY RECOGNIZED AT THE TIME OF CLOSURE. FURTHER THE HOLDERS OF FOUNDATION GRANTS MAY HAVE QUESTIONS ABOUT THE INTENT OR USE OF CERTAIN GIFTS UNDER THEIR CONTROL. TO THIS END, THE BOARD AUTHORIZES AND TASKS INDIVIDUAL MEMBERS OF THE BOARD TO CONTINUE TO WO
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