Page 5 - 2022 June Report

Resilience
2022 Grant Distribution Plan (2)
Alexander Graham Bell Fnd.
Bridges to Work
Clarke Schools for Hearing & Speech
Eye to Eye
George Washington University Groves Learning Organization Landmark College
Landmark East School Minnesota Diversified Inc. Mount Allison University Perkins School for the Blind SUSF - matching grants University of North Florida Weingarten Children's Center
Subtotal - Disability
Director Discretionary Grants Matching Grants
Board mtgs. & mtg. stipends;CEP$5,000 grant
Professional Memberships
Subtotal - Other Grants PLANNED DISTRIBUTIONS
PROGRAMS - DISABILITY
50,000 75,000 150,000 250,000
200,000 200,000
50,000 50,000 125,000
75,000
200,000 200,000
50,000
30,000 30,000 19,866 36,000
100,000 150,000 150,000 50,000 100,000 100,000
75,000
62,500
100,000 100,000
337,500
95,000 33,750
10,000 8,000
146,750 2,015,262
commitment for ~$40,000
TARGET = $1,873,556
1,074,866
OTHER GRANTS
120,000 225,000 58,700 100,000
22,250 39,000 10,700 17,000
1,366,000
211,650 9,026,214
381,000 10,220,622
ESTIMATED DISTRIBUTION REQUIREMENT
You will note that the Estimated Distribution Requirement in the above chart is lower than previously projected. John Chenoweth of Templeton has done a 2nd quarterly estimated 990PF for 2021 to determine tax payments due May 16, 2022. The Estimated Distribution Requirement for 2022 has decreased approximately $100,000+ based on 2021 K1s received to date. Remember our 2021 returns were quite high but the Annual 990PF is based only on realized income and not on unrealized income which means our investment managers must actually sell off investments. John will do a 3rd quarterly estimated 990PF for 2021 in August when most of the 2021 K1s are received. This is part of our standard quarterly review and will be completed on November 1 when the Audit & Risk Committee reviews and approves the final 2021 990PF as presented by Templeton.
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