| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 3,600 | 0 | 0 | 0 |
| Identifier | Return Reference | Explanation |
|---|---|---|
| PART VII-B STATEMENT REQUIRING ACTIVITIES FOR WHICH FORM 4720 MAY BE REQUIRE | SANDESTIN FOUNDATIONFEIN: 45-XXX-XX-XXXX/31/2021PART VII-B STATEMENT REQUIRING ACTIVITIES FOR WHICH FORM 4720 MAY BE REQUIRED ATTACHMENTDURING 2021, THE SANDESTIN FOUNDATION ("THE ORGANIZATION") MADE GRANTS TO SECLUDED AFRICAN PROPERTIES TRUST IN THE TOTAL OF $3,731, NYAMAHARAGA CATHOLIC CHURCH IN THE TOTAL OF $2,500, AND RULENGE DIOCESE IN THE TOTAL OF $22,500. THE GRANTS WERE MADE TO FOREIGN CHARITABLE ORGANIZATION AND IT WAS DETERMINED WHILE PREPARING THE 2021 TAX RETURN IN 2022 THAT THE ORGANIZATION DID NOT EXERCISE EXPENDITURE RESPONSIBILITY WHEN THE MAJORITY OF THESE GRANTS HAD ALREADY BEEN GIVEN. PRIOR TO THE GRANTS BEING MADE, THE ORGANIZATION HAD GONE THROUGH THE PROCESS AND PERFORMED RESEARCH REGARDING THIS FOREIGN CHARITABLE ORGANIZATION TO DETERMINE THEIR CHARITABLE MISSION AND THE USAGE OF THE GRANT MONEY. HOWEVER, THE ORGANIZATION DID NOT REALIZE ADDITIONAL STEPS WERE NEEDED TO MAKE A QUALIFIED DISTRIBUTION TO A FOREIGN CHARITABLE ORGANIZATION. SINCE, THE ORGANIZATION WAS DUE DILIGENT BEFORE MAKING THE GRANTS THERE IS NO REASON TO BELIEVE THE FOREIGN CHARITABLE ORGANIZATION WOULD USE THE FUNDS TO INFLUENCE LEGISLATION, TO INFLUENCE THE OUTCOME OF ELECTIONS, TO CARRY ON VOTER REGISTRATION DRIVES, TO MAKE GRANTS TO INDIVIDUALS OR OTHER ORGANIZATIONS OR TO UNDERTAKE ANY NONEXEMPT ACTIVITY, WHEN SUCH USE OF THE FUNDS WOULD BE A TAXABLE EXPENDITURE. THE ORGANIZATION HAS BEEN EDUCATED AS TO ELIGIBLE GRANT RECIPIENTS AND THE NEED FOR EXPENDITURE RESPONSIBILITY WHEN MAKING GRANTS TO FOREIGN CHARITABLE ORGANIZATIONS.THE GRANTS WERE MADE IN GOOD FAITH TO A FOREIGN CHARITABLE ORGANIZATION WITH THE PURPOSE OF PROVIDING ASSISTANCE FOR THEIR CHARITABLE MISSION. THE ORGANIZATION WILL EXPLICITLY INCLUDE IN THEIR GRANTING PROCEDURES AND POLICIES INSTRUCTIONS ON EXERCISING EXPENDITURE RESPONSIBILITY WHEN GRANTING TO FOREIGN CHARITABLE ORGANIZATIONS. |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| BANK SERVICE CHARGES | 514 | 514 | 0 | 0 |
| SUPPLIES | 6 | 0 | 0 | 0 |
| Name | Address |
|---|---|
| BAYTOWNE WHARF NEIGHBORHOOD ASSOCIA |
9100 BAYTOWNE BLVD STE 120 MIRAMAR BEACH,FL32550 |
| SANDESTIN INVESTMENTS LLC |
9300 EMERALD COAST PARKWAY MIRAMAR BEACH,FL32550 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FEDERAL EXCISE TAXES | 64 | 0 | 0 | 0 |