THE ROBERT & LYNDA ALTMAN FAMILY

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AMOUNTS SET ASIDE - CASH DISTRIBUTION TESTTHE FOLLOWING INFORMATION IS PROVIDED IN ACCORDANCE WITH TREAS. REG. SECTION 53.4942(A)-3(B)(7)(II) AS ALLOWED FOR A NEW FOUNDATION: (A) THE ROBERT & LYNDA ALTMAN FAMILY FOUNDATION (THE "FOUNDATION") IS ALLOWED BY REASON OF ITS PREVIOUS ELECTION TO SET 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. THE START-UP PERIOD CONSISTS OF THE FOUR TAX YEARS AFTER THE TAX YEAR IN WHICH THE FOUNDATION WAS CREATED. (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 IRC SECTION 4942(D) FOR PAST TAXABLE YEARS IN THE FOUNDATION'S START-UP AND FULL PAYMENT PERIODS:YEAR OF CREATION: 2021START-UP % OF DISTRIBUTABLE DISTRIBUTABLE START-UP PERIODPERIOD AMOUNT AMOUNT MINIMUM AMOUNT2022 20% $10,723,235 $2,144,647 2023 40% $11,420,545 $4,568,2182024 60% $13,035,566 $7,821,3402025 80% $13,035,566 $10,428,453TOTAL $48,214,912 $24,962,658MINIMUM TO BE DISTRIBUTED BY 12/31/2025 $24,962,658 (LESS CASH DISTRIBUTIONS NOTED BELOW IN PARAGRAPH E). NOTE - THE 2024-2025 DISTRIBUTABLE AMOUNTS REFLECTED ABOVE ARE ESTIMATED AND WILL BE FINALIZED ONCE THOSE PERIODS HAVE BEEN COMPLETED. (E) AGGREGATE DISTRIBUTIONS FOR CHARITABLE PURPOSES DURING THE FOUNDATION'S START-UP AND FULL PAYMENT PERIODS:START-UP PERIOD CASH DISTRIBUTIONSYEAR OF CREATION: 2021 $02022 $4,525,6842023 $5,924,3162024 $800,0002025 TO BE DETERMINEDTOTAL $11,250,000THE TAXPAYER MADE A SET ASIDE ELECTION OF $65,000,000, ON ITS 2021 FORM 990-PF AS AN ESTIMATE OF THE TOTAL DISTRIBUTABLE AMOUNT AT THE OUTSET OF THE START-UP PERIOD. THE ACTUAL DISTRIBUTABLE AMOUNT FOR THE START-UP PERIOD AS WELL AS ACTUAL CASH DISTRIBUTIONS ARE REFLECTED ABOVE. THE SET ASIDE AMOUNT SHALL BE THE AGGREGATE OF THE START-UP PERIOD MINIMUM DISTRIBUTIONS AS STATED ABOVE.FORM 990-PF, PART XII, LINE 3DON THE 2021 TAX RETURN THE TAXPAYER ESTIMATED THE SET ASIDE AMOUNT TO BE $65,000,000. AS PER THE CALCULATION ABOVE, THE SET ASIDE AMOUNT HAS BEEN REDUCED TO $24,962,658. AS SUCH, THE 2021 EXCESS DISTRIBUTION CARRYOVER OF $44,202,707 (AS SHOWN ON THE 2022 FORM 990-PF, PART XII, LINE 10, ITEM D) HAS BEEN REDUCED TO $22,824,994. FORM 990-PF, PART X, LINE 7 AND PART XII, LINE 1, COLUMN D - DISTRIBUTABLE AMOUNT:THIS AMOUNT REPRESENTS THE MINIMUM DISTRIBUTION AMOUNT FOR 2023 AS PER THE ABOVE SET ASIDE CALCULATIONS.

Focus Areas

Financial Trends

Grant Size Distribution

Based on 7 grants on record

Geographic Distribution

Key Personnel

Grants Awarded (7 total)