The Dwight D Opperman Foundation

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THE DWIGHT D. OPPERMAN FOUNDATION (41-1856258), A MINNESOTA NONPROFIT BENEFIT CORPORATION, WAS DISSOLVED ON DECEMBER 3, 2020 BY THE UNANIMOUS WRITTEN CONSENT OF THE BOARD OF DIRECTORS OF THE CORPORATION. ALL ASSETS WERE TRANSFERRED TO AN ARIZONA NONPROFIT CORPORATION BEARING THE SAME NAME. THE ARIZONA CORPORATION WAS FORMED ON MARCH 16, 2015 AND ASSIGNED AN EMPLOYER IDENTIFICATION NUMBER OF 61-1761422 BY THE INTERNAL REVENUE SERVICE. THE ARIZONA FOUNDATION WAS GRANTED TAX-EXEMPT STATUS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE IN A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE DATED JUNE 11, 2020. THE MINNESOTA FOUNDATION WAS EFFECTIVELY CONTROLLED BY THE SAME PERSONS WHO NOW CONTROL THE ARIZONA FOUNDATION. ATTACHED IS THE FOLLOWING DOCUMENTATION REGARDING THE DISSOLUTION OF THE MINNESOTA CORPORATION: 1. ACTION TAKEN BY UNANIMOUS WRITTEN CONSENT OF THE BOARD OF DIRECTORS OF THE CORPORATION REGARDING DISSOLUTION OF THE MINNESOTA CORPORATION. 2. NOTICE OF INTENT TO DISSOLVE THE MINNESOTA CORPORATION. 3. CERTIFICATE OF DISSOLUTION ENDORSED BY THE MINNESOTA SECRETARY OF STATE ON DECEMBER 3, 2020. ALL ASSETS WERE DISTRIBUTED TO THE DWIGHT D. OPPERMAN FOUNDATION, AN ARIZONA NONPROFIT CORPORATION, THE PRINCIPAL OFFICE OF WHICH IS LOCATED AT 4340 E. INDIAN SCHOOL ROAD, SUITE 21-442, PHOENIX, ARIZONA 85018. THE FOLLOWING DOCUMENTATION IS ATTACHED REGARDING THE ARIZONA CORPORATION: 1. A COPY OF THE INTERNAL REVENUE SERVICE DETERMINATION LETTER DATED JUNE 11, 2020 GRANTING TAX-EXEMPT-STATUS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. 2. A COPY OF THE ARTICLES OF INCORPORATION. 3. A COPY OF THE BYLAWS DATED MARCH 16, 2015. 4. A SCHEDULE SHOWING THE DESCRIPTION AND FAIR MARKET VALUE OF THE ASSETS TRANSFERRED TO THE ARIZONA CORPORATION BY THE MINNESOTA CORPORATION ON AUGUST 31, 2020. CARRYOVER OF TAX ATTRIBUTES FROM MINNESOTA FOUNDATION TO ARIZONA FOUNDATION PURSUANT TO SEC. 507(B)(2), REG. 1.507-3(A)(1), AND REV. RUL. 2002-28, THE ARIZONA FOUNDATION WILL NOT BE TREATED AS A NEWLY CREATED ORGANIZATION. THE TAX ATTRIBUTES AND CHARACTERISTICS OF THE MINNESOTA FOUNDATION WILL CARRY OVER TO THE ARIZONA FOUNDATION. PAGE 8, PART X, MINIMUM INVESTMENT RETURN THE AVERAGE MONTHLY FAIR MARKET VALUES OF SECURITIES AND CASH BALANCES FOR THE MINNESOTA FOUNDATION WERE COMPUTED WITHOUT REMOVING THE VALUE OF THE ASSETS THAT WERE TRANSFERRED TO THE ARIZONA FOUNDATION ON AUGUST 31, 2020 FROM THE AUGUST MONTH END VALUES. TO REMOVE THEM WOULD HAVE DISTORTED THE COMPUTATION OF THE DISTRIBUTABLE AMOUNT FOR 2020 AND WOULD NOT BE A REASONABLE METHOD PURSUANT TO REG. 53.4942(A)-2(C)(4)(I). SIMILARLY, THESE ASSETS WILL NOT BE INCLUDED IN COMPUTING THE AVERAGE MONTHLY FAIR MARKET VALUES FOR THE ARIZONA FOUNDATION FOR THE AUGUST VALUES. THE ARIZONA FOUNDATION WILL INCLUDE THE ASSETS IN THE ASSETS IN THE SEPTEMBER BEGINNING AND ENDING MONTH VALUES. PAGE 9, PART XIII, UNDISTRIBUTED INCOME PURSUANT TO REG. 1.507-3(A)(9)(I), THE UNDISTRIBUTED INCOME FOR 2019 AND 2020 OF THE MINNESOTA FOUNDATION CARRIED OVER TO THE ARIZONA FOUNDATION SINCE ALL ASSETS WERE DISTRIBUTED TO THE ARIZONA FOUNDATION ON AUGUST 31, 2020. THE AMOUNT OF THE 2019 AND 2020 UNDISTRIBUTED INCOME WAS REPORTED ON THE 2020 FORM 990-PF FOR THE ARIZONA FOUNDATION. ALL UNDISTRIBUTED INCOME OF THE MINNESOTA FOUNDATION WAS DISTRIBUTED BY THE ARIZONA FOUNDATION BY DECEMBER 31, 2020.

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Grant Size Distribution

Based on 2 grants on record

Geographic Distribution

Grants Awarded (2 total)

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