Mountville Vfw Playground Trust 47F031018

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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 MOUNTVILLE VFW PLAYGROUND TRUST, AN ORGANIZATION EXEMPT FROM TAX UNDER IRC SECTION 501(C)(3), FOR USE SOLELY FOR PARK AND/OR PLAYGROUNDS FOR THE BENEFIT OF THE PUBLIC, PRIMARILY THOSE CITIZENS WHO RESIDE IN OR NEAR THE BOROUGH OF MOUNTVILLE. THE TRUST, WHICH WAS FUNDED FROM THE VETERANS HOME ASSOCIATION IN THE BOROUGH OF MOUNTVILLE, PA ON MAY 9, 1974, HAS MADE DISTRIBUTIONS FOR FORTY NINE (49) CONSECUTIVE YEARS TO MOUNTVILLE BOROUGH IN CARRYING OUT ITS CHARITABLE PURPOSES. HOWEVER, DUE TO THE SMALL SIZE AND ONGOING ADMINSTRATIVE EXPENSES OF THE TRUST, VOLUNTARY TERMINATION PURSUANT TO IRC SECTION 507(B)(1)(A) WAS DETERMINED TO BE THE BEST COURSE OF ACTION FOR ALL INTERESTED PARTIES. AS SUCH, THE CHARITABLE TRUST DISTRIBUTED ALL OF ITS RIGHT, TITLE, AND INTEREST IN AND TO ALL OF ITS NET ASSETS, AS PERMITTED UNDER APPLICABLE LOCAL LAW, TO THE ABOVE NAME BENEFICIARY, A PERMISSIBLE CHARITABLE ORGANIZATION DESCRIBED IN IRC SECTION 170(B)(1)(A), WHICH HAS BEEN IN EXISTENCE FOR A CONTINUOUS PERIOD OF AT LEAST 60 CALENDAR MONTHS IMMEDIATELY PRECEEDING THE DISTRIBUTION. 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 PERMISSIBLE CHARITABLE ORGANIZATION NOTED IN PART XV, LINE 3A, WAS MADE ON FEBRUARY 24, 2023, AND AFTER A BRIEF WINDING UP PERIOD, THE TRUST TERMINATED ON APRIL 7, 2023.

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Based on 4 grants on record

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Grants Awarded (4 total)

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