Grant Recommendation Fund

GRANT RECOMMENDATION FUND WAS FORMED IN 2018 IN THE STATE OF NEW YORK AS A DONOR ADVISED FUND TO ASSIST DONORS IN DISTRIBUTING CHARITY. THE DONOR, OR THE DONOR'S REPRESENTATIVE, WILL RETAIN ADVISORY PRIVILEGES WITH RESPECT TO THE DISTRIBUTION OF FUNDS AND THE INVESTMENT OF ASSETS IN THE ACCOUNT. SAID CORPORATION WILL DISTRIBUTE FUND EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, EDUCATIONAL, AND SCIENTIFIC PURPOSES, INCLUDING, FOR SUCH PURPOSES, THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, OR THE CORRESPONDING SECTION OF ANY FUTURE FEDERAL TAX CODE.