The Camp Airy & Camp Louise Foundation Inc

“The foundation is a nonprofit organization and is exempt from the payment of taxes on income other than net unrelated business income under section 501(c)(3) of the internal revenue code. No provision for income tax is required for the years ended october 31, 2025 and 2024, as the foundation had no significant net unrelated business income. The foundation applies the accounting for uncertainty in income taxes standard of the fasb accounting standards codification. The standard requires the recognition and measurement of uncertain tax positions taken or expected to be taken by the foundation in the preparation of its tax returns. The foundation determines whether it is more-likely-than-not that a certain tax position will be sustained upon examination by a taxing authority. If an uncertain tax position is less-likely-than-not to be sustained, an estimate of the potential effect is recognized in the financial statements and the uncertain tax position is required to be disclosed. Per the foundation's evaluation as of october 31, 2025, including all prior years subject to examination, it was determined that no material adjustments were required in the financial statements for positions less-likely-than-not to be sustained upon examination by a taxing authority. The foundation believes it is no longer subject to income tax examinations prior to 2022.”

“Part v, line 4: the purpose of the endowment is to provide financial support for campers at camp louise. The endowment is to be held in perpetuity to generate returns to fund annual scholarships. The foundation will begin distribution of the proceeds from the endowment once the total income reaches 1,000, or sooner with the written approval of the donor. At no time should the endowment balance fall below 25,000 at the time of spending encumbrance for the upcoming years.”