Sarang Fund

“Total $7200 (First Korean Baptist Church - 8905 Ray Rd Raleigh, NC 27613) - Supporting refugee mission $1,200.00, Hesed retreat support $300.00, Hesed leader's retreat support $200.00, Main sanctuary construction support $200.00, Supporting a local church suffering from Hurricane Florence (Jacksonville, NC) $5,000.00, Lottie Moon Christmas Offering $300.00”

“Description;Amount^PNC bank fees;31|Check order;17|GoFundMe fees;78|BBT bank fees;43^Total;169^”

“Sarang Fund ("Sarang Fund" or "we") is a 501(c)(3) tax-exempt organization. Since incorporation, and as stated in our bylaws, our operation has been to receive funds from donors and, in turn, make contributions to help our communities and neighbors in need and share the love and the gospel of Jesus Christ. / We submitted our 1023-EZ application, dated July 29, 2017 (the "Application") and received the tax-exempt status from the IRS on August 8, 2017. Part III, Question 6 of the Application asked the following: "Do you or will you donate funds to or pay expenses for individual(s)?" At the time we were filing out the Application, our plan had been to donate funds to and pay expenses for organizations and projects only (and not any individuals) and, accordingly, we answered the question by checking "No." Recently, we have identified a couple of potential contribution opportunities, where we would be able to realize the stated purpose above by donating funds to or paying expenses of certain individuals who have been experiencing serious financial difficulties. We believe that financially supporting these individuals is consistent with one or more 501(c)(3) exempt purposes and the purpose and mission of Sarang Fund. We will interview potential recipients, review relevant documents and/or take all other actions necessary to confirm the validity of individual recipients' requests, and provide grants accordingly.”