TY 2021 GeneralExplanationAttachment
Name:
HAROLD ALFOND FOUNDATION
| Identifier |
Return Reference |
Explanation |
| FOUNDATION TRUSTEE POWELL ADDITIONAL INFORMATION |
FORM 990-PF, PART VIII |
GREGORY POWELL IS AN EMPLOYEE OF DEXTER ENTERPRISES, LLC. DEXTER ENTERPRISES, LLC IS COMPENSATED UNDER A MANAGEMENT CONTRACT WITH THE FOUNDATION. SEE STATEMENT 6 FOR DEXTER ENTERPRISES, LLC INFORMATION. |
| DISTRIBUTION OF PROPERTY FOR CHARITY |
990-PF, PART I, LINE 6A, COLUMN A |
UNDER REGULATION 53.4940-1, A DISTRIBUTION OF PROPERTY FOR CHARITABLE PURPOSES UNDER SECTION 170(C)(1) OR (2)(B) MADE BY A FOUNDATION TO A CHARITABLE ORGANIZATION IS NOT TREATED AS A TAXABLE SALE OR DISPOSITION. THE CAPITAL GAIN RECORDED ON THE BOOKS IS NOT TAXABLE; THEREFORE, THE PROPERTY DISTRIBUTION IS EXCLUDED FROM NET INVESTMENT INCOME, LINE 7, COLUMN (B). |