THE NANCY ANN HUNT & RAY L. HUNT PHILANTHROPIC FUND HAS TERMINATED ITS OPERATIONS AS OF OCTOBER 24, 2024. ITS REMAINING ASSETS, WHICH CONSISTED OF $50,522 IN CASH, WERE DISTRIBUTED IN JULY AND OCTOBER 2024 TO THE NANCY ANN HUNT FOUNDATION, A SECTION 509(A)(3) ORGANIZATION. THE ADDRESS OF THE NANCY ANN HUNT FOUNDATION IS 1900 N. AKARD ST., DALLAS, TX 75201-2300. THE NANCY ANN HUNT & RAY L. HUNT PHILANTHROPIC FUND IS VOLUNTARILY TERMINATING ITS PRIVATE FOUNDATION STATUS UNDER SECTION 507(A)(1) AND SUBMITTED ITS NOTICE ON OCTOBER 30, 2024. INTERNAL REVENUE CODE SECTION 507(C) IMPOSES A TERMINATION TAX ON AN ORGANIZATION WHOSE PRIVATE FOUNDATION STATUS IS VOLUNTARILY TERMINATED. THE TERMINATION TAX IS THE LOWER OF (1) THE AMOUNT THE PRIVATE FOUNDATION DETERMINES IS THE AGGREGATE TAX BENEFIT FROM THE 501(C)(3) STATUS OF THE FOUNDATION, OR (2) THE VALUE OF THE NET ASSETS OF THE FOUNDATION. FOR THE NAH FOUNDATION, THE LOWER AMOUNT IS THE VALUE OF ITS NET ASSETS. THE VALUE OF ITS NET ASSETS WAS $0, AS OF BOTH THE DATE IT NOTIFIED THE IRS OF ITS INTENT TO TERMINATE AND THE DATE IT CEASED TO BE A PRIVATE FOUNDATION; THEREFORE, THE TAX IMPOSED BY SECTION 507(C) IS $0.
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