| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 1,173 | 0 | 0 | 1,173 |
| Dissolution Name | Dissolution Address | Explanation | Dissolution Amount |
|---|---|---|---|
| ABDULLAH FAMILY TRUST |
28638 CORBARA PL WESLEY CHAPEL,FL33543 |
CASH IN THE AMOUNT OF $11,665 WAS DISTRIBUTED TO THE ABDULLAH FAMILY TRUST ON FEBRUARY 3, 2025. THIS AMOUNT CONSTITUTES THE FAIR MARKET VALUE REMAINING IN THE FOUNDATION'S BANK ACCOUNT ON THAT DATE. PLEASE NOTE THE TRUSTEE PAID THE TERMINATION TAX OF $147,247 ON DECEMBER 27,2024. THE INTENTION WAS TO HAVE THE 2024 FOUNDATION RETURN BE MARKED AS A FINAL RETURN. THE TAX SOFTWARE WILL NOT PERMIT AN E-FILED "FINAL" RETURN WITH A BALANCE IN THE BANK ACCOUNT, AND ALL PRIVATE FOUNDATION RETURNS ARE REQUIRED TO BE E-FILED. THEREFORE, THE RETURN REFLECTS THAT THE REMAINING ASSETS WERE DISTRIBUTED OUT, BUT WE ARE MAKING CLEAR IN THIS STATEMENT THAT THE FINAL DISTRIBUTION OF ASSETS OCCURRED IN 2025 ON THE DATES STATED HEREIN. | 11,665 |
| SAIF ABDULLAH |
28638 CORBARA PL WESLEY CHAPEL,FL33543 |
CASH IN THE AMOUNT OF $441,284 WAS DISTRIBUTED TO THE TRUSTEE, DR. SAIF ABDULLAH, ON FEBRUARY 3, 2025. THIS AMOUNT CONSTITUTES THE FAIR MARKET VALUE REMAINING IN THE FOUNDATION'S BANK ACCOUNT ON THAT DATE. PLEASE NOTE THE TRUSTEE PAID THE TERMINATION TAX OF $147,247 ON DECEMBER 27,2024. THE INTENTION WAS TO HAVE THE 2024 FOUNDATION RETURN BE MARKED AS A FINAL RETURN. THE TAX SOFTWARE WILL NOT PERMIT AN E-FILED "FINAL" RETURN WITH A BALANCE IN THE BANK ACCOUNT, AND ALL PRIVATE FOUNDATION RETURNS ARE REQUIRED TO BE E-FILED. THEREFORE, THE RETURN REFLECTS THAT THE REMAINING ASSETS WERE DISTRIBUTED OUT, BUT WE ARE MAKING CLEAR IN THIS STATEMENT THAT THE FINAL DISTRIBUTION OF ASSETS OCCURRED IN 2025 ON THE DATES STATED HEREIN. | 441,284 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| OTHER ASSETS | 76,000 | 0 | 0 |
| OTHER ASSETS | 7,362 | 0 | 0 |
| Description | Amount |
|---|---|
| FOUNDATION TERMINATION TAX | 147,247 |
| DISTRIBUTIONS OF NET ASSETS | 452,948 |