TY 2019 LiquidationExplanationStmt
Name:
SD BECHTEL JR FOUNDATION
Statement:
THE S.D. BECHTEL JR. FOUNDATION ("FOUNDATION") HAS INCURRED A SUBSTANTIAL CONTRACTION DURING 2019. THE FOUNDATION IS IN THE PROCESS OF DISSOLUTION AND AS A RESULT HAD A SIGNIFICANT DISPOSITION OF ASSETS IN 2019. THE FOUNDATION IS EXPECTED TO WIND UP OPERATIONS BY DECEMBER 31, 2020.