Sunbury Area Community Foundation

“Sunbury area community foundation has an agreement with the community giving foundation for the administration of the various funds of the foundation.”

“In january 2017, the board of directors approved the dissolution of the foundation and the transfer of the foundation assets to the community giving foundation (cgf). Final dissolution of the foundation was approved by the commonwealth of pennsylvania, bureau of corporations and charitable organizations on july 27, 2020. Foundation assets remaining after payments of expenses through july 27, 2020 were transferred to cgf.”

“The board of directors reviews the form 990 prior to signing and submission.”

“Sacf has a written conflict of interest policy as part of its adopted bylaws. Each board member has a board manual that includes a copy of the bylaws. A manual is given to new directors when they come on the board. Sacf has no employees and all board members serve as volunteers.”

“All required public inspection documents are available upon request free of charge. The sunbury area community foundation is working to improve the communication of how and where those documents can be viewed.”

“In january 2017, the board of directors approved the dissolution of the foundation and the transfer of the foundation assets to the community giving foundation (cgf). Final dissolution of the foundaiton was approved by the commonwealth of pennsylvania, bureau of corporations and charitable organizations on july 27, 2020. Foundations assets remaining after payments of expenses through july 27, 2020 were transferred to cgf. See attached articles of dissolution.”

“Change in value of perpetual, remainder and lead trusts -27,805. Transfer of beneficial interest in net assets of a community foundation -5,746,351. Transfer of beneficial interest in perpetual trusts held by others -486,526. Transfer of beneficial interest in remainder trusts held by others -444,185. Transfer of beneficial interest in lead trust held by others -20,811.”

“The foundation's board of directors assumes the responsibility for oversight of the compilation of its financial statements and selection of an independent accountant. All proposals are reviewed by the board and an accountant is selected based on the needs of the organization. This process has not changed from the previous year.”

“The sunbury area community foundation dissolved effective july 27, 2020. The initial extension was filed with a dissolution date of may 2020; however the final dissolution was not approved until july 2020. As such, the short year return reflects the revised dates of january 1, 2020 through july 27, 2020.”