William Scheid Fund for a Better Future

“Client Note 1 - William Scheid Fund for a Better Future.The fund is filing a form 990-PF since that was the original approval by the IRS. However, due to an error on the tax exempt filing of form 1023-EZ, the fund should have been classified as a public charity. The fund filed an application for retroactive determination as a public charity on 10/12/2016, and has not yet received a determination from the IRS.”

“Client Note 2 - William Scheid Fund for a Better Future. Information for Part VII-B, Line 5c, and Regulation 53.4945-5(d)(i) The name and address of the grantee is Colegio Antigua, Colonia San Francisco No. 10, Antigua Guatemala(ii) The date and amount of the grant: 12/7/2015, $700.(iii) The purpose of the grant, To provide funding for scholarship funds to worthy and poor students.(iv) The amounts expended by the grantee (based upon the most recent report received from the grantee), $700(v) Whether the grantee has diverted any portion of the funds (or the income therefrom in the case of an endowment grant) from the purpose of the grant (to the knowledge of the grantor), Grantee has diverted no funds.(vi) The dates of any reports received from the grantee, 8/1/2016(vii) The date and results of any verification of the grantee's reports undertaken pursuant to and to the extent required under paragraph (c)(1) of this section by the grantor or by others at the direction of the grantor. Grantor did not conduct an independent verification of report since it had no reason to dobut their accuracy or reliability.”