| CONDUIT ELECTION |
Form 990-PF, Part XIII IRC 170(B)(1)(F)(II) |
Pursuant to IRC 170(b)(1)(F)(ii), the Karsh Family Foundation hereby elects to make qualifying distributions, as defined in section 4942(g), without regard to paragraph (3) thereof, which are treated, after the application of section 4942(g)(3), as distributions out of corpus, in accordance with section 4942(h), in an amount equal to 100 percent of such contributions. For the year ended June 30, 2019, the foundation received contributions in the amount of $43,896,310 with the resulting qualifying distributions being made out of corpus, as follows: FROM 2015 - $8,817,838 FROM 2016 - $9,497,801 FROM 2017 - $10,645,511 FROM 2018 - $14,935,160 _____________ TOTAL $43,896,310 SIGNED:_______________________________________________________ DATE:_________________________________________________________ NAME AND TITLE:_______________________________________________ |
| ELECTION AS TO THE TREATMENT OF QUALIFYI |
Form 990-PF, Part XIII, Line 7 |
ELECTION TO TREAT UNUSED PRIOR YEAR CORPUS DISTRIBUTIONS AS CURRENT YEAR CORPUS DISTRIBUTIONS: THE KARSH FAMILY FOUNDATION EIN: 13-7147287 9595 WILSHIRE BLVD, SUITE 1010 BEVERLY HILLS, CA 90212 TAX YEAR ENDED: JUNE 30, 2019 PURSUANT TO REG. 53.4942(A)-3(C)(2)(IV), THE ABOVE REFERENCED FOUNDATION HEREBY ELECTS TO TREAT, AS A CURRENT CORPUS DISTRIBUTION, THE FOLLOWING UNUSED PRIOR TAX YEARS' DISTRIBUTIONS THAT WERE TREATED AS CORPUS DISTRIBUTIONS UNDER REG. 53.4942(A)-3(D)(1)(III) IN SUCH PRIOR TAX YEARS: FROM 2015 - $8,817,838 FROM 2016 - $9,497,801 FROM 2017 - $10,645,511 _____________ TOTAL $28,961,150 SIGNED:_______________________________________________________ DATE:_________________________________________________________ NAME AND TITLE:_______________________________________________ |