PLR 202053017
Set-Asides
Internal Revenue Service
P.O. Box 2508 Cincinnati,
OH 45201
Date: October 6, 2020
Number: 202053017
Release Date: 12/31/2020
LEGEND
B= Name
C= Name
D= Name g dollars = Amount h dollars= Amount j dollars= Amount
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 April 1, 2020, letter requesting approval of a set-aside under Internal Revenue Code Section 4942(g)(2). You've been recognized as taxexempt under Section 501 (c)(3) of the Code and have been determined to be a private foundation under Section 509(a).
Our determination
Based on the information furnished, your set-aside program is approved under
Internal Revenue Code Section 4942(g)(2). As required under SE[ction 4942(g)(2), the set aside amount must be paid within the 60-month period after the date of the first set-aside.
Description of set-aside request
You have requested a set-aside of g dollars for the tax year ending December 31,
2020.
Your mission in part is to operate and fund educational programs for schools as well as the general public located in your metropolitan area.
You are requesting the set aside of g dollars because of the tremendous impact the COVID 19 shutdown in the state of B has had on all current construction projects. Further, due to the shutdown, contractors have been unable to manage
Source: view the official PDF
The source document contains 3 figures (charts or worksheet graphics) not reproduced in this text version. See the official PDF above.
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