The Darrell & Susan Keith Foundation

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DUE TO ECONOMIC CONDITIONS, THE TRUSTEES ARE FORCED TO TERMINATE THE FOUNDATION. SINCE 2013, THERE HAVE BEEN INSUFFICIENT ASSETS WITH WHICH TO MAKE CHARITABLE DISTRIBUTIONS. THE ESTIMATED REMAINING CASH IN THE ONLY BANK ACCOUNT (ESTIMATED TO BE $443.64) IS NOT SUFFICIENT TO COVER THE CURRECT OUTSTANDING INDEBTEDNESS OF THE FOUNDATION. THERE ARE NO OTHER ASSETS TO BE LIQUIDATED. THE TRUSTEES ARE UNABLE TO ACCESS THE CASH IN THE CHECKING ACCOUNT DUE TO RESTRICTIONS PLACED ON THE ACCOUNT BY WELLS FARGO, THE BANK THAT MAINTAINS THE CHECKING ACCOUNT. WELLS FARGO CEASED SENDING BANK STATEMENTS TO THE TRUSTEES IN EARLY 2016; THEREFORE, THE EXACT AMOUNT OF CASH REMAINING IS AN ESTIMATE. WHEN (AND IF) THE TRUSTEES ARE ABLE TO OBTAIN BANK ACCOUNT FUNDS FROM WELLS FARGO, THEY WILL PAY FOUNDATION INDEBTEDNESS AND IF ANY FUNDS REMAIN, THEY WILL BE PAID TO QUALIFIED CHARITIES. ATTACHED IS A COPY OF THE STATE OF TEXAS CERTIFICATE OF TERMINATION OF A DOMESTIC NONPROFIT CORPORATION. THIS SERVES AS THE LIQUIDATION PLAN AS THERE WERE NO ASSETS TO DISTRIBUTE. THE DATE OF TERMINATION IS DECEMBER 15, 2017.

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