INFLECTION GRANTS

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TERMINATION STATEMENT INFLECTION GRANTS EIN: 88-2711168 IN ACCORDANCE WITH A RESOLUTION BY THE BOARD OF DIRECTORS, INFLECTION GRANTS HAS BEEN FULLY DISSOLVED AND TERMINATED IN COMPLIANCE WITH ALL APPLICABLE FEDERAL AND STATE REGULATIONS GOVERNING PRIVATE FOUNDATIONS. INFLECTION GRANTS, INC. OPERATED AS A PRIVATE FOUNDATION DEDICATED TO SUPPORTING CREATIVE YOUNG INDIVIDUALS IN PURSUING INNOVATIVE ENDEAVORS. THE FOUNDATION'S ASSETS CONSISTED SOLELY OF CASH BALANCES HELD IN A BANK ACCOUNT. ALL FINANCIAL ACTIVITYINCLUDING INCOME, EXPENSES, AND FINAL DISTRIBUTIONSIS FULLY REPORTED IN PART I OF THIS FINAL FORM 990-PF. IN PREPARATION FOR TERMINATION, A PORTION OF THE FOUNDATION'S ASSETS WAS ALLOCATED TO PROFESSIONAL FEES FOR LEGAL AND ADVISORY SERVICES RELATED TO THE DISSOLUTION OF A 501(C)(3) ORGANIZATION, AS WELL AS ACCOUNTING AND TAX PREPARATION EXPENSES NECESSARY TO ENSURE COMPLIANCE WITH ALL REGULATORY REQUIREMENTS. ADDITIONALLY, THE FOUNDATION INCURRED INCIDENTAL ADMINISTRATIVE COSTS, INCLUDING NOMINAL BANKING FEES AND OTHER DE MINIMIS EXPENSES ASSOCIATED WITH FINAL OPERATIONS AND ACCOUNT CLOSURES. AS ITS FINAL MAJOR EXPENDITURE, THE FOUNDATION AWARDED CONCLUDING GRANTS TOTALING $37,905.42 TO THE EDGE INSTITUTE INC, WHOSE MISSION SHARES KEY ELEMENTS WITH THAT OF INFLECTION GRANTS. THIS FINAL DISBURSEMENT WAS MADE IN NOVEMBER 2024 AND REPRESENTS THE FOUNDATION'S LAST SIGNIFICANT FINANCIAL TRANSACTION. THE GRANT WAS ISSUED TO: EDGE INSTITUTE INC 1300 S 6TH ST AUSTIN, TX 78704

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Grant Size Distribution

Based on 2 grants on record

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Key Personnel

Grants Awarded (2 total)