THE FOUNDATION IS MAKING AN ELECTION UNDER REGULATIONS SECTION 53.4942(A)-3(D)(2) TO APPLY REMAINING QUALIFYING DISTRIBUTIONS OF $203 AND $225 TO UNDISTRIBUTED INCOME REMAINING FROM TAX YEARS 2023 AND 2022, RESPECTIVELY.THIS ELECTION IS MADE PURSUANT TO REGULATIONS SECTION 53.4942(A)-3(D)(2) AND SECTION 4942(H)(2) OF THE INTERNAL REVENUE CODE.