CHARLES N MATHEWSON FOUNDATION

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DISSOLUTION OF THE CHARLES N. MATHEWSON FOUNDATION THE CHARLES A. MATHEWSON FOUNDATION ENTERED INTO AN INFORMAL PLAN OF LIQUIDATION UPON THE DEATH ON OCTOBER 25, 2021 OF ITS FOUNDER AND PRIMARY CONTRIBUTOR OF FUNDS. ON NOVEMBER 27, 2023 SUBSTANTIALLY ALL OF THE FOUNDATION FUNDS MADE UP OF CASH TOTALING $278,470 WERE CONTRIBUTED TO 5 DONOR ADVISED FUNDS IN EQUAL AMOUNTS OF $55,694. AS OF DECEMBER 31, 2023 THE FOUNDATION HAS BEEN FULLY LIQUIDATED. ORGANIZATION: CHARLES N. MATHEWSON FOUNDATION TIN: 94-3179777 TAX YEAR ENDED: DECEMBER 31, 2023 THIS STATEMENT IS SUBMITTED IN ACCORDANCE WITH REG. 1.6043-3(A)(1) AND FORM 990-PF GENERAL INSTRUCTIONS TO REPORT THE DISTRIBUTION OF CERTAIN ASSETS THAT RESULTED FROM THE TERMINATION OF THE CHARLES N. MATHEWSON FOUNDATION (THE FOUNDATION), AN EXEMPT PRIVATE FOUNDATION ESTABLISHED AS A TRUST UNDER THE LAWS OF THE STATE OF NEVADA. STATEMENT OF TRANSACTION THE FOUNDATION HEREBY PROVIDES NOTICE OF ITS TERMINATION AS A PRIVATE FOUNDATION PURSUANT TO SECTION 507(B)(1)(A) OF THE INTERNAL REVENUE CODE (THE CODE). IN ACCORDANCE WITH SECTION 507(B)(1)(A) OF THE CODE, THE FOUNDATION TRANSFERRED ALL OF ITS NET ASSETS TO DONOR-ADVISED FUNDS (DAFS) MAINTAINED BY QUALIFIED PUBLIC CHARITIES DESCRIBED IN SECTION 170(B)(1)(A)(I THROUGH VI) OF THE CODE. THE DAFS ARE MANAGED BY PUBLIC CHARITIES THAT HAVE BEEN IN CONTINUOUS EXISTENCE FOR AT LEAST 60 MONTHS AND MEET ALL QUALIFICATIONS AS RECOGNIZED PUBLIC CHARITIES UNDER U.S. FEDERAL TAX LAW. THE FUNDS DISTRIBUTED TO THE DAFS WERE DESIGNATED SOLELY FOR FURTHER DISTRIBUTION TO QUALIFYING PUBLIC CHARITIES TO ENSURE THAT ALL ASSETS ULTIMATELY BENEFIT CHARITABLE ORGANIZATIONS THAT MEET IRS STANDARDS. THE TRANSFER OF ASSETS FROM THE FOUNDATION TO THE DAFS OCCURRED ON OR ABOUT NOVEMBER 27, 2023, IN A COMPLETE AND IRREVOCABLE MANNER, WITH THE FOUNDATION AND ITS TRUSTEES AND DIRECTORS RETAINING NO CONTROL, INTEREST, OR OWNERSHIP OVER THE FUNDS ONCE TRANSFERRED TO THE DAFS. ALL DISTRIBUTIONS WERE MADE TO FURTHER THE TAX-EXEMPT ACTIVITIES OF EACH OF THE DAFS AND THE CORRESPONDING PUBLIC CHARITY RECIPIENTS. NO RECIPIENT WAS UNDER ANY OBLIGATION TO USE THE FUNDS IN A MANNER THAT WILL DIRECTLY BENEFIT THE FOUNDATION THE TERMINATION OF THE FOUNDATION IS EFFECTIVE AS OF DECEMBER 31, 2023, AND IS INTENDED TO COMPLY WITH ALL APPLICABLE PROVISIONS OF SECTION 507(B)(1)(A), THUS AVOIDING ANY TERMINATION TAX UNDER SECTION 507(A). THIS FINAL TERMINATION IS ALSO DOCUMENTED IN THE FOUNDATIONS FINAL FORM 990-PF, WHICH INCLUDES AN ACCOUNTING OF THE TRANSFERRED ASSETS. A CERTIFIED COPY OF THE FOUNDATIONS RESOLUTIONS AUTHORIZING THE TERMINATION ARE ATTACHED.

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Based on 47 grants on record

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Grants Awarded (47 total)