Princeton Cannon Dial Elm Foundation a Nj Nonprofit Corporat

“The Foundation transferred grant monies to the Cannon Dial Elm Club, Inc (EIN 21-0439210), a 501(c)(7) organization. Grants were for charitable purposes.”

“Activity Classification: EDUCATIONAL & CHARITABLE. Grantee Name: CANNON DIAL ELM CLUB. Grantee Address: 21 PROSPECT AVENUE PRINCETON, NJ 08543. Property Description: CASH. Date of Gift: Various. Amount Given: 100,000.”

“Description: PROMOTIONS. Amount: 11,718. Description: BANK FEES. Amount: 1,308. Description: SUPPLIES. Amount: 1,005. Description: REUNION EXPENSE. Amount: 1,500. Total to Form 990-EZ, line 16: 15,531.”

“The Foundation adopted new bylaws on June 29, 2018. The bylaws changed the corporate purpose to read as follows: The corporation has been organized exclusively for: "charitable"purposes within the meaning of Section 50l(c)(3) of the Internal Revenue Code, including, for such purposes, (a) to further the education of Princeton undergraduate members of Cannon Dial Elm Club (the "Club") by providing a facility ("Clubhouse") in which they can use Clubhouse facilities (including computers, precept rooms and library) to study, receive instruction from Princeton faculty, and exchange ideas with fellow students; (b) to provide financial assistance, where required, to enable Club members to avail themselves of Clubhouse facilities; and (c) to facilitate the preservation and restoration of the historically and architecturally significant Clubhouse owned and occupied by the Club and educate the general public about the history and architecture of this building.”