ORGANIZATION: GIRARD SCHOOL TRUST TIN: 31-6584705 TAX YEAR ENDED: JULY 31, 2020 (FINAL SHORT YEAR RETURN) FORM 990-PF, PART VII-A, ITEM 5 THIS STATEMENT IS SUBMITTED IN ACCORDANCE WITH REG. 1.6043-3(A)(1) AND FORM 990-PF GENERAL INSTRUCTION T TO REPORT THE DISTRIBUTION OF CERTAIN ASSETS THAT RESULTED IN A SUBSTANTIAL CONTRACTION OF ASSETS DURING THE CURRENT TAX YEAR. DURING THE FINAL YEAR (JANUARY 1, 2020 THROUGH JULY 31, 2020), THE GIRARD SCHOOL TRUST MADE A DISTRIBUTION OF ASSETS AS THE ORGANIZATION WAS BEING DISSOLVED. SUCH DISTRIBUTIONS REPRESENTED 100% OF GIRARD SCHOOL TRUST'S NET ASSETS OF $112,081.79 (AS MEASURED BY FAIR MARKET VALUE) AT THE DATE OF DISPOSITION. INFORMATION REGARDING THESE DISTRIBUTIONS IS AS FOLLOWS: NAME AND ADDRESS OF DISTRIBUTEES: THE JOHN AND DOROTHY MASTERNICK FOUNDATION 101 W. LIBERTY STREET GIRARD, OH 44420 TIN: 31-1681589 ASSETS DISTRIBUTED: CASH AND INVESTMENTS DATE OF DISTRIBUTION: 7/31/2020 FAIR MARKET VALUE OF DISTRIBUTION: $112,081.79 THE JOHN AND DOROTHY MASTERNICK FOUNDATION IS EXEMPT FROM TAXES UNDER IRC SEC. 501(C)(3) AND IS A PRIVATE OPERATING FOUNDATION AS DEFINED IN IRC SEC. 4942(J)(3). THE DISTRIBUTIONS WERE MADE TO HELP THE JOHN AND DOROTHY MASTERNICK FOUNDATION CONTINUE OUT THEIR CHARITABLE CAUSES THROUGHOUT THE COMMUNITY. HOWEVER, THE JOHN AND DOROTHY MASTERNICK FOUNDATION IS UNDER NO OBLIGATION TO USE THE FUNDS IN A MANNER THAT WILL DIRECTLY BENEFIT THE GIRARD SCHOOL TRUST.
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