ON DECEMBER 17, 2020, THE CHRONIC FATIGUE INITIATIVE INC. (EIN: 27-2589147) TRANSFERRED ASSETS TO THE HUTCHINS FAMILY FOUNDATION INC. (EIN: 37-1501785) LOCATED AT 667 MADISON AVENUE, 15TH FLOOR, NEW YORK, NY 10065, IN A LIQUIDATION TRANSACTION DESCRIBED IN SECTION 507(B)(2) OF THE INTERNAL REVENUE CODE. AS A RESULT OF THE TRANSFER, FOR FEDERAL TAX PURPOSES THE TRANSACTION WOULD BE TREATED AS A TRANSFER OF ALL OF CHRONIC FATIGUE INITIATIVE INC.'S REMAINING ASSETS (SEE STATEMENT 7) TO HUTCHINS FAMILY FOUNDATION INC. AT A TIME WHEN BOTH CHRONIC FATIGUE INITIATIVE INC. AND HUTCHINS FAMILY FOUNDATION INC. WERE EFFECTIVELY CONTROLLED BY THE SAME PERSONS. ACCORDINGLY, THIS RETURN HAS BEEN PREPARED CONSISTENT WITH THE PRINCIPLES SET FORTH IN SECTION 1.507-3(A)(9)(I) OF THE TREASURY REGULATIONS AND THE CONCLUSIONS SET FORTH IN IRS REVENUE RULING 2002-28, 2002-1 C.B. 941 (2002).
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