PURSUANT TO REGULATION 53.4942(A)-3(B)(7)(II), THE FOUNDATION HAS ALLOWABLE SET ASIDES FOR THE ORGANIZATIONS START UP PERIOD AS FOLLOWS:1ST YEAR - TAX YEAR ENDING 12/31/182ND YEAR - TAX YEAR ENDING 12/31/193RD YEAR - TAX YEAR ENDING 12/31/204TH YEAR - TAX YEAR ENDING 12/31/21FULL PAYMENT YEAR PERIOD CONSISTS OF ALL TAX YEARS BEGINNING AFTER THE TAX YEAR ENDING 12/31/21TO DATE, THE ORGANIZATION HAS ACCUMULATED THE FOLLOWING SET ASIDES: DISTIBUTABLE MINIMUM DURING START-UP PERIODSTARTING YEAR $ 9,291 $ 01ST YEAR $ 21,358 $ 4,272 (20% OF 1ST YEAR)2ND YEAR $ 21,608 $ 8,643 (40% OF 2ND YEAR)3RD YEAR $ 21,095 $ 12,657 (60% OF 3RD YEAR)4TH YEAR $ 22,055 $ 17,644 (80% OF 4TH YEAR)5TH YEAR $ 20,3806TH YEAR $ 19,5037TH YEAR $ 20,375 TOTAL TO DATE $ 155,665 $ 43,216TO DATE, THE ORGANIZATION HAS DISTRIBUTED THE FOLLOWING AMOUNTS:STARTING YEAR $ 01ST YEAR $ 14,1112ND YEAR $ 21,2873RD YEAR $ 12,7654TH YEAR $ 19,0985TH YEAR $ 26,7606TH YEAR $ 15,3837TH YEAR $ 20,725 TOTAL TO DATE $ 130,129
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