The Fremont Area Elderly Needs Fund

“To complement and supplement the objectives of fremont area community foundation by making grants to charitable organizations that serve the elderly population of newaygo county and the surrounding western michigan area.”

“The internal revenue service has ruled that the foundation and its supporting organizations are public charities as described in sections 509(a)(1), 509(a)(3), and 170(b)(1)(a)(vi) of the internal revenue code. Consequently, the foundation is exempt from federal income tax. The community foundation has analyzed the tax positions in federal and state jurisdictions where it is required to file income tax returns, as well as all open tax years in these jurisdictions, to identify potential uncertain tax postions. The community foundation treats interest and penalties attributable to income taxes, and reflects any charges for such, to the extent they arise, as a component of its mangement and general expenses. The community foundation has evaluated its income tax filing postions for the fiscal years 2010 through 2013, the years which remain subject to examination as of december 31, 2013. The community foundation concluded that there are no uncertain tax positions requiring recognition in the community foundation's combined financial statements. The community foundation does not expect the total amount of unrecognized tax benefits ("utb") (e.g. Tax deductions, exclusions,or credits cliamed or expected to be claimed) to significantly change in the next twelve months. The community foundation does not have any amounts accrued for interest and penalties related to utbs at december 31, 2013 or 2012, and is not aware of any claims for such amounts by federal or state income tax authorities.”