Jack Goldstein Charitable Trust

“There is a business relationship between the trustees; some of the trustees are directors/officers in the same business entity.”

“In 2021, the trustees of the jack goldstein charitable trust made a fourth amendment to its trust agreement, as authorized by such agreement's terms. The fourth amendment contains certain clarifications made to address developments in applicable tax law since the trust's third amendment in 1988 in order to preserve both the trust's tax-exempt status and the original grantor's intent. The fourth amendment confirms the trust's charitable purposes and status as a type i supporting organization under section 509(a)(3) of the code to its original class of supported organizations, namely, organizations described under section 501(c)(3) of the code that benefit the community of manhattan, kansas (see schedule a, part vi for additional information on the trust's class of supported organizations). The fourth amendment also updates the number of trustees to six(6), with the manhattan chamber foundation (ein:48-1206159), the kansas state university foundation (ein: 48-0667209), and greater manhattan community foundation (ein:48-1215574), as members of the class of supported organizations, empowered to select the majority of the trust's trustees. Sps companies, inc., a local business enterprise founded by the grantor's family, appoints the minority of the trustees.”

“The number of trustees shall be six. The trustees shall be selected as follows: manhattan chamber foundation shall appoint one trustee kansas state university foundation shall appoint one trustee greater manhattan community foundation shall appoint two trustees the board of directors of sps companies, inc. Shall appoint two trustees”

“An independent accounting firm prepares and reviews the 990. The 990 with all required schedules is then provided to the sps trustees. Any questions and concerns the sps trustees have are addressed and any corrections or clarifications that need to be made are made prior to filing.”

“Annually, all trustees are required to complete and affirm a conflict of interest statement. The trustees regularly and consistently monitor and enforce compliance with the policy. If any trustee has a conflict of interest in a particular matter they will excuse themselves from voting on that matter.”

“No documents available to the public.”

“Change in value of shawnee petro, inc. $ 20,429”