THE BARRIS FOUNDATION

About

THE BARRIS FOUNDATION (THE "FOUNDATION") WAS FORMED AS A NONPROFIT DELAWARE NON-STOCK CORPORATION BY FILING ARTICLES OF INCORPORATION ON DECEMBER 7, 2020. PURSUANT TO THE UNANIMOUS WRITTEN CONSENT OF THE BOARD OF DIRECTORS, THE FOUNDATION'S BOARD OF DIRECTORS HAS RESOLVED TO WIND UP AND DISSOLVE THE FOUNDATION AND TRANSFER ALL OF THE FOUNDATION'S ASSETS, AFTER PAYMENT OF ANY OUTSTANDING LIABILITIES, TO THE BESSEMER GIVING FUND. THE BESSEMER GIVING FUND IS A TAX-EXEMPT NONPROFIT ORGANIZATION AND PUBLIC CHARITY UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). THE BESSEMER GIVING FUND WILL USE THE TRANSFERRED ASSETS EXCLUSIVELY FOR EXEMPT PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, CONSISTENT WITH THE FOUNDATION'S EXEMPT PURPOSES SET FORTH IN ITS GOVERNING DOCUMENTS. THE FOUNDATION DISTRIBUTED ITS ASSETS TO THE BESSEMER GIVING FUND ON NOVEMBER 14, 2022 AND DECEMBER 19, 2022. THE FOUNDATION TRANSFERRED ITS TOTAL NET ASSETS OF APPROXIMATELY $727,568 IN CASH ON THESE DATES. ACCRUED INTEREST AND DIVIDENDS OF $468 AND THE $3,248 TAX REFUND REQUESTED ON THIS 2022 990-PF WILL ALSO BE TRANSFERRED TO THE BESSEMER GIVING FUND AS SOON AS THEY ARE RECEIVED. THE FOUNDATION WAS OFFICIALLY DISSOLVED UNDER DELAWARE LAW ON DECEMBER 11, 2022. THE REQUISITE DOCUMENTS RELATED TO THE TERMINATION OF THE FOUNDATION ARE ATTACHED TO THIS RETURN HEREWITH, INCLUDING THE CERTIFIED COPY OF THE DELAWARE CERTIFICATE OF DISSOLUTION. INFORMATION ON THE FINAL CHARITABLE DISTRIBUTIONS, INCLUDING THE NAME AND ADDRESS OF THE FINAL GRANTEE AND THE NATURE AND FAIR MARKET VALUE OF ASSETS DISTRIBUTED, IS FURTHER DESCRIBED IN STATEMENT 7.

Focus Areas

Financial Trends

Grant Size Distribution

Based on 3 grants on record

Geographic Distribution

Key Personnel

Grants Awarded (3 total)