TY 2021 ReductionExplanationStatement
Name:
The Moody Foundation
Explanation:
Description of Asset: 6,116,316 shares of American National Group Inc.Percentage of Holdings: 23%Fair Market Value Prior to Discount: $923,818,562 Amount of discount claimed: $43,995,171 Explanation of Why the Claimed Discount is Appropriate in the Valuation:The Foundation is claiming a 4.76% blockage on this stock due to the large percentage of shares owned. If the Foundation needed to liquidate this stock, liquidation could only be done over an extended period without causing the market value of the stock to decrease due to the large number of total shares owned by the Foundation.