MAKE DISCIPLES CHARITABLE FOUNDATION

About

MAKE DISCIPLES CHARITABLE FOUNDATION FORM 990-PF SET ASIDE UNDER SECTION 4942(G)(2) TAX YEAR ENDED FEBRUARY 28, 2022 TREAS. REG. SECTION 53.4942(A)3(B)(7)1. MAKE DISCIPLES CHARITABLE FOUNDATION IS SETTING ASIDE $400,000 OF ITS DISTRIBUTABLE AMOUNT FOR ITS TAX YEAR ENDING FEBRUARY 28, 2022 FOR THE FOLLOWING SPECIFIC PROJECT:NAME OF PROJECT: LIFTABLE TV PROGRAM RELATED INVESTMENT AMOUNT OF SET ASIDE: $400,000NATURE AND PURPOSE OF THE PROJECT: THE LIFTABLE TV PROJECT IS A PROGRAM RELATED INVESTMENT IN WHICH THE FOUNDATION WILL RETAIN SIGNIFICANT INVOLVEMENT. THE PRIMARY PURPOSE OF THE PROJECT IS TO ACCOMPLISH ONE OR MORE PURPOSE DESCRIBED IN SECTION 170(C)(2)(B) AND NO SIGNIFICANT PURPOSE OF THE PROJECT IS THE PRODUCTION OF INCOME OR THE APPRECIATION OF PROPERTY. THE PURPOSE OF THE FOUNDATION'S PROGRAM RELATED INVESTMENT IN LIFTABLE TV IS TO ENHANCE, PROMOTE, PROTECT, AND EDUCATE INDIVIDUALS ABOUT THE CHRISTIAN FAITH. LIFTABLE.TV IS A POSITIVE MEDIA COMPANY THAT FEATURES DIVERSE VOICES UNITED BY A BIBLICAL WORLDVIEW. THE FOUNDATION WILL WORK WITH LIFTABLE.TV TO INVEST IN CONTENT CREATION AND DISTRIBUTION TO SUPPORT LIFTABLE.TV'S MORPH INTO AN AD FREE, EVANGELISTIC STREAMING PLATFORM AVAILABLE TO THE PUBLIC FOR FREE WITH THE GOAL OF REACHING PEOPLE'S HEARTS IN CHRIST.2. THE SET-ASIDE AMOUNT WILL BE PAID FOR THE PROJECT NO LATER THAN 60 MONTHS FROM THE DATE OF THE SET-ASIDE.3. THE FOUNDATION IS A NEWLY-CREATED PRIVATE OPERATING FOUNDATION AND IS IN ITS FIRST YEAR. THE PROGRAM RELATED INVESTMENT WILL NOT BE COMPLETED BEFORE THE END OF THE TAXABLE YEAR IN WHICH THE SET-ASIDE IS MADE, FEBRUARY 28, 2022. THIS IS DUE MAINLY TO DIFFICULTY IN IDENTIFYING AND HIRING A QUALIFIED EXECUTIVE DIRECTOR TO MANAGE THE FOUNDATION'S PROGRAMS. THE FOUNDATION'S TRUSTEES AND VOLUNTEERS WORKED DILIGENTLY TO HIRE AND RETAIN AN EXECUTIVE DIRECTOR TO MANAGE THE FOUNDATION'S THE DAY-TO-DAY OPERATIONS, INCLUDING DILIGENCE NEEDED TO CLOSE ON THIS IMPORTANT PROGRAM RELATED INVESTMENT. DUE TO THE LIMITED POOL OF CANDIDATES AND GENERAL DIFFICULTY IN HIRING THAT MANY ORGANIZATIONS HAVE FACED SINCE 2020, THE FOUNDATION WAS UNABLE TO RETAIN AN EXECUTIVE DIRECTOR UNTIL FEBRUARY 14, 2022. IT IS UNREASONABLE THAT THE NEW EXECUTIVE DIRECTOR WILL BE ABLE TO COMPLETE THE PRE-GRANT INQUIRY AND OTHER DILIGENCE OR DRAFT THE INVESTMENT AGREEMENT WITH EXPENDITURE RESPONSIBILITY TERMS IN THE TWO WEEKS BETWEEN THE HIRE DATE AND THE CLOSE OF THE FOUNDATION'S FIRST TAX YEAR. ATTEMPTING TO DO SO WOULD BE NEGLIGENT. 4. THE FOUNDATION IS IN ITS FIRST YEAR OF EXISTENCE AND DOES NOT HAVE ANY DISTRIBUTABLE AMOUNTS TO REPORT FOR PAST TAXABLE YEARS.5. THE FOUNDATION IS IN ITS FIRST TAXABLE YEAR AND HAS NOT YET BEGUN ITS START-UP PERIOD; THUS THE FOUNDATION HAS NO PAYMENTS FOR CHARITABLE PURPOSES TO REPORT DURING ITS START-UP AND FULL-PAYMENT PERIODS.

Focus Areas

Financial Trends

Grant Size Distribution

Based on 18 grants on record

Geographic Distribution

Key Personnel

Grants Awarded (18 total)