The Tallent Foundation

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THE TALLENT FOUNDATIONE.I.N.: 85-41086022021 FORM 990-PFPART XI, LINE 3BAMOUNTS SET ASIDE - CASH DISTRIBUTION TEST THE FOLLOWING INFORMATION IS PROVIDED IN ACCORDANCE WITH TREAS. REG. 53.4942(A)-3(B)(7)(II): (A) THE TALLENT FOUNDATION (THE "FOUNDATION") IS SETTING ASIDE FUNDS TO DEVELOP AN ENDOWMENT FUND FROM WHICH GRANTS WILL BE MADE TO PUBLICLY SUPPORTED CHARITIES IN FURTHERANCE OF THEIR LONG-TERM SUPERVISED CHARITABLE PROJECTS. (B) THE AMOUNTS SET ASIDE FOR THE PROJECTS DESCRIBED ABOVE WILL ACTUALLY BE PAID WITHIN A PERIOD OF TIME THAT ENDS NOT MORE THAN 60 MONTHS AFTER THE DATE OF THE SET-ASIDE. (C) THE PROJECTS DESCRIBED ABOVE WILL NOT BE COMPLETED BEFORE THE END OF THE TAXABLE YEAR OF THE FOUNDATION IN WHICH THE SET ASIDE IS MADE. (D) THE DISTRIBUTABLE AMOUNT DETERMINED UNDER 4942(D) FOR PAST TAXABLE YEARS IN THE FOUNDATION'S START-UP AND FULL PAYMENT PERIODS:YEAR OF CREATION: THE DATE OF LEGAL FORMATION OF THE FOUNDATION WAS NOVEMBER 1, 2020, AS PROVIDED IN THE IRREVOCABLE TRUST AGREEMENT; HOWEVER, PURSUANT TO THE IRS REQUIREMENTS, THE FOUNDATION WAS NOT CONSIDERED TO BE CREATED UNTIL THE TAX YEAR IN WHICH ITS DISTRIBUTABLE AMOUNT FIRST EXCEEDS $500; AND, THUS, THE YEAR OF CREATION IS 2021.START-UP PERIOD DISTRIBUTABLE AMOUNT START-UP PERIOD MINIMUM DISTRIBUTION2022 N/A 20%2023 N/A 40%2024 N/A 60%2025 N/A 80% (E) AGGREGATE DISTRIBUTIONS FOR CHARITABLE PURPOSES DURING THE FOUNDATION'S START-UP AND FULL PAYMENT PERIODS:START-UP PERIOD CASH DISTRIBUTIONSYEAR OF FORMATION OF TRUST: 2020 DISTRIBUTABLE AMOUNT WAS UNDER $500YEAR OF CREATION: 2021 N/A2022 N/A2023 N/A2024 N/A2025 N/ATOTAL $0

Focus Areas

Financial Trends

Grant Size Distribution

Based on 35 grants on record

Geographic Distribution

Key Personnel

Grants Awarded (35 total)