Lansing Christian School Foundation

“The Foundation holds investments which are board-designated funds functioning as endowments. The purpose of the endowment funds is to provide long-term financial support to the Association for Christian Instruction (d/b/a Lansing Christian School). The Foundation has a policy of appropriating for distribution to the Association for Christian Instruction (d/b/a Lansing Christian School) each year between 4.5% and 5% of the average fair value of the endowment based on the most recent five calendar year ends. The Board of Directors approves the spending rate each year within the range of 4.5% to 5.0%, and any additional amounts to be distributed, based on its consideration of a number of factors, including the current economic times, the number of families attending the School, and other factors. In recent years, the Foundation has made additional discretionary distributions to the School based on the current operational needs of the School. The Foundation made contributions/grants of $384,645 to Lansing Christian School during the year ended August 31, 2024.”

“The Foundation is a tax-exempt organization under Section 501(c)(3) of the Internal Revenue Code and, except to the extent the Foundation has unrelated business income, is exempt from federal income taxes. There is no provision for income taxes in the accompanying financial statements as the Foundation had no unrelated business income activity for the years ended August 31, 2024 and 2023. As of August 31, 2024 and 2023, the Foundation had no uncertain tax positions. The Foundation qualifies for the charitable contribution deduction under Section 170(b)(1)(A) and has been classified as a publicly supported organization which is not a private foundation under Section 509(a)(3).”