Set-Asides

Internal Revenue Service
P .0. Box 2508
Cincinnati, OH 45201
Number: 202017032
Release Date: 4/24/2020
Date: January 30, 2020
LEGEND x dollars = Amount
M = Name
N = Name y dollars = Amount
B = Date
C = Date
D = Date
E = Date
Dear
Why you are receiving this letter
Department of the Treasury
Employer Identification Number:
Contact Person - ID Number:
Contact Telephone Number:
UIL
4942.03-07
This is our response to your August 23, 2019 letter requesting approval of a setaside under Internal Revenue Code (IRC) Section 4942(9)(2). You've been recognized as tax-exempt under IRC Section 501(c)(3) and have been determined to be a private foundation under IRC Section 509(a).
Our determination
Based on the information furnished, your set-aside program is approved under
IRC Section 4942(9)(2). As required under Section 4942(9)(2), the set aside amount must be paid within the 60-month period after the date of the first setaside.
Description of set-aside request
You wish to set aside a grant of x dollars to M, a public charity recognized as taxexempt under IRC Section 501(c)(3). M owns and maintains the historic N building and was organized to restore the building and drive revitalization of the blighted surrounding neighborhood. M seeks to transform the building so it can once again serve the community by functioning as a center for culture, community, and education in the local area.
M has proposed a project to restore the building consistent with historic