BECAUSE THE FOUNDATION HAS WOUND DOWN ITS OPERATIONS IN RECENT YEARS AND IT HAS NO CURRENT OPERATING ASSETS, IT IS IN THE BEST INTERESTS OF THE FOUNDATION TO CEASE ALL OPERATIONS AND DISSOLVE BY TRANSFERRING ITS REMAINING ASSET TO A LIKE-MINDED CHARITABLE ORGANIZATION, THE COMMUNITY OF JESUS, INC., WHICH IS DEDICATED TO TEACHING AND PREACHING THE GOSPEL. CURRENTLY THE CORPORATION'S ASSETS CONSIST OF A BANK ACCOUNT WITH A BALANCE OF LESS THAN 10,000, AND A PROMISSORY NOTE ("NOTE") DATED NOVEMBER 15, 2019 DUE FROM PARACLETE PRESS, INC., A CHRISTIAN PUBLISHER, HAVING A PRINCIPAL BALANCE OF APPROXIMATELY 170,500. THE OFFICERS OF THE FOUNDATION ARE HEREBY AUTHORIZED AND DIRECTED TO TRANSFER SUCH NOTE TO THE COMMUNITY OF JESUS, INC., AND TO SIGN SUCH DOCUMENTS OF TRANSFER AS MAY BE NECESSARY TO ASSIGN AND TRANSFER THE NOTE, AND TO WIND UP THE AFFAIRS OF THE FOUNDATION, PAY ITS JUST DEBTS, AND DISSOLVE.
Application Information
Accepts Unsolicited ProposalsUnknown
Contact PersonJOHN P FRENCH JR
Phone5088733426
DeadlinesNONE
How to ApplyFULL INFORMATION ON ORGANIZATION AND ITS GOALS
RestrictionsUSUALLY CHRISTIAN RELIGIOUS ORGANIZAITONS(NO INDIVIDUALS)