TY 2020 GeneralExplanationAttachment
Name:
THE RICHARD M SCHULZE FAMILY FOUNDATION
| Identifier |
Return Reference |
Explanation |
| DISASTER RELIEF FOOTNOTE |
FORM 990-PF |
THE RICHARD M. SCHULZE FAMILY FOUNDATION PROVIDED DISASTER RELIEF ASSISTANCE TO EMPLOYEES OF BEST BUY, INC. WHO WERE IMPACTED BY FEDERALLY DECLARED DISASTERS DURING THE FISCAL YEAR. ASSISTANCE ALLOWED THESE EMPLOYEES TO ACCESS BASIC NECESSITIES SUCH AS FOOD, CLOTHING, HOUSING, TRANSPORTATION, AND MEDICAL ASSISTANCE. THE AMOUNT OF AID AND TO WHOM IT WAS DISTRIBUTED WAS DETERMINED THROUGH A DOCUMENTED SELECTION PROCESS TO ENSURE NO INCIDENTAL BENEFIT TO THE FOUNDATION. ASSISTANCE WAS GIVEN DIRECTLY TO THE AFFECTED INDIVIDUALS. BEST BUY, INC. ASSISTED IN THE ADMINISTRATION OF PAYMENTS, AND PROVIDED FACTS TO THE FOUNDATION SELECTION COMMITTEE TO INFORM THE SELECTION OF AFFECTED INDIVIDUALS. NO EMPLOYEE OR AGENT OF BEST BUY, INC. PARTICIPATED IN THE SELECTION OF AFFECTED INDIVIDUALS.ALL PAYMENTS QUALIFIED UNDER THE IRC SECTION 139 EXCLUSION FOR DISASTER RELIEF PAYMENTS. |
| SCHEDULE OF CONTROLLED ENTITIES |
FORM 990-PF, PART VII-A, LINE 11 |
NAME OF CONTROLLED ENTITY:MACKAY MUNICIPAL CREDIT OPPORTUNITIES HL (CAYMAN) FUND, LPEMPLOYER ID NO:98-1370729ADDRESS:1345 AVENUE OF THE AMERICAS, 43RD FLOORNEW YORK, NY 10105MACKAY MUNICIPAL CREDIT OPPORTUNITIES HL (CAYMAN) FUND, LP IS NOT AN EXCESS BUSINESS HOLDING |