TY 2021 GeneralExplanationAttachment
Name:
The Moody Foundation
| Identifier |
Return Reference |
Explanation |
|
|
990-PF Part I, Line 1 - Contributions, gifts, grants, etc. received |
The Libbie Shearn Moody Trust is a split-interest trust as described in IRC 4947(a)(2) and regulations thereunder, all of the assets of which were placed in trust before May 27, 1969. Accordingly, distributions from the Libbie Shearn Moody Trust to The Moody Foundation are not includable in taxable investment income for the current year in accordance with regulation 53.4940-1(d)(2).Please note that although this amount is reported on Part I, Line 1 of Form 990-PF, it is not reported on Schedule B, Schedule of Contributors. It is distinguishable from a contribution described in regulation 1.507-6(c)(1) because it is a distribution from a split-interest trust. |