TY 2019 GeneralExplanationAttachment
Name:
THE MACLELLAN FOUNDATION INC
| Identifier |
Return Reference |
Explanation |
| DONOR ADVISED FUNDS |
FORM 990-PF, PART VII-A, LINE 12 |
IN 2019, DISTRIBUTIONS TOTALING $5,000,000 WERE MADE TO A DONOR ADVISED FUND AT NATIONAL CHRISTIAN FOUNDATION (NCF), DISTRIBUTIONS TOTALING $5,624,910 WERE MADE TO A DONOR ADVISED FUND AT CHATTANOOGA CHRISTIAN COMMUNITY FOUNDATION (CCCF - DBA THE GENEROSITY TRUST), AND DISTRIBUTIONS TOTALING $2,002,856 WERE MADE TO A DONOR ADVISED FUND AT TRUSTBRIDGE GLOBAL FOUNDATION USA, INC.. THE TRUST RETAINED ADVISORY PRIVILEGES OVER DONATIONS TO THE DONOR ADVISED FUNDS. NCF, CCCF, AND TRUSTBRIDGE GLOBAL FOUNDATION USA, INC. ARE SECTION 509(A)(1) ORGANIZATIONS AS REFERRED TO IN SECTION 170(B)(1)(A)(VI). THE ENTIRE AMOUNTS WERE TREATED AS A QUALIFYING DISTRIBUTION IN PART XV, LINE 3, CONTRIBUTIONS, GIFTS, GRANTS PAID.THE DONOR-ADVISED FUND AGREEMENTS BETWEEN THE MACLELLAN FOUNDATION AND CCCF AND NCF INCLUDE THE FOLLOWING: ALL PROPERTY AND INCOME DERIVED FROM THE INVESTMENT OF THE FUNDS BELONG EXCLUSIVELY TO THE FUND ADMINISTRATOR. THE FUND ADMINISTRATOR RETAINS FULL AND UNLIMITED CONTROL OVER WHETHER OR NOT TO FOLLOW SPECIFICATIONS AND/OR RECOMMENDATIONS GIVEN BY THE FOUNDATION. NO INCOME OR PRINCIPAL OF THE FUND SHALL BE USED FOR ANY PURPOSE OR PAID TO ANY BENEFICIARY IF SUCH USE OR PAYMENT WOULD NOT BE PERMITTED BY THE INTERNAL REVENUE CODE (THE "CODE") OR REGULATIONS THEREUNDER FOR AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE CODE, TO WHICH CONTRIBUTIONS ARE DEDUCTIBLE UNDER SECTION 170(C)(2) OF THE CODE. |
| STATEMENT FOR 5471 FILER INCLUDED ON ANOTHER RETURN |
FORM 5471 |
THE FILING REQUIREMENT FOR FORM 5471 FOR THE FOREIGN CORPORATIONS BELOW WERE SATISFIED ON BEHALF OF THE MACLELLAN FOUNDATION BY:NAME: SHARED-X, LLCADDRESS: PIONEER BUILDING 2925 WOODSIDE ROADWOODSIDE, CA 94062FEIN: 47-3473179IRS SERVICE CENTER: E-FILEFOREIGN CORPORATIONS FOR WHICH A FORM 5471 WAS FILED FOR:NAME: SHARED-X PERU S.A.CADDRESS: AV. LA ENCALADA 1388, OFFICE 902SANTIAGO DE SURCO, PERUFEIN: 00-0000000NAME: SHARED-X DOMINICANA, S.R.L.ADDRESS: AV. ABRAHAM LINCOLN 847 SUITE 3BDOMINICAN REPUBLICFEIN: 00-0000000NAME: CANNFARM PERU S.A.CADDRESS: AV. LA ENCALADA 1388, OFFICE 902SANTIAGO DE SURCO LIMA, PERUFEIN: 00-0000000 |