Jack R Macdonald Charitable Trust

“The compensation shown on the return that is paid to Bank of America, N.A. as corporate trustee is not calculated based upon an hourly rate for time spent by the trustee; rather, Bank of America's compensation as corporate trustee is calculated using a market value fee schedule. The trust officer's time spent performing administrative responsibilities for this foundation averages one hour per week. In addition, time is spent by other staff members for”

“recordkeeping, investment management, income collection, rendering statements and accountings, regulatory reporting, regulatory compliance, and tax services.”

“Non-Judicial Agreement dated 10/28/2022 was executed to grant trustee explicit authority to invest in alternative investment funds.”

“When decisions are made, they are documented in the permanent record”

“THERE ARE NO COMMITTEES.”

“This organization is formed as a trust under state law, and bank of america is the institutional trustee. The form 990 is prepared by bank of america tax professionals under the direct supervision of a corporate officer. Thus, the form 990 is reviewed prior to filing by an officer of the bank, the sole trustee of the trust.”

“Annual statement by all institutional trustee employees are signed and documented”

“Not applicable, trust has corporate trustee.”

“Upon request - see contact information for organization records and books below.”

“The trust and / or the bank as institutional trustee makes its goverance documents, conflicts of interest policy and financial statements available to the public as required by federal and state laws.”

“Year-end sales adjustment 68,968; net income adjustment (14,313); ctf timing adjustment (80,341); basis adjustment-sales (34,550); purchased accrued interest-2021 2,569; purchased accrued interest-2022 (13,618); roc basis adjustment (2,376,271); partnership adjustment -nbcr iv & v (1,260,071); partnership adjustment 2,342,500; net timing adjustment (87,128); net rounding 11; total adjustment = (1,452,244).”