Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / closing-letter-to-caldwell.docx
closing-letter-to-caldwell.docx
Parties
HARKNESS LLP
Strathmore Corp
Greaves LLP
Havensbrook Wealth Advisors LLC
Ashford Valuation Group LLC
Stonecrest Realty Holdings LLC
Caldwell Ridgeline Capital LP
Strauss LLP
Dates
September 29, 2023
February 15, 2023
March 1, 2023
April 15, 2023
April 15, 2024
April 15, 2025
May 1, 2023
May 1, 2024
May 1, 2025
May 1, 2026
Amounts
$15,000,000
$300,000,000
$134,000,000
$6,750,000
$12,920,000
$6,170,000
$293,830,000
$117,532,000
$6,580,000
$24,000,000
Obligations
The new Will contains pour-over provisions directing that any assets owned by you at death that are not otherwise disposed of by beneficiary designation, joint tenancy, or other non-probate transfer mechanism shall be distributed to the Trustee of the Caldwell Revocable Trust, to be administered and distributed in accordance with the terms of the trust
The key requirements are summarized below: • Minimum Annual Distribution (IRC § 4942): The Foundation is required to distribute at least 5% of the fair market value of its net investment assets annually for charitable purposes
• Annual Tax Filing: The Foundation is required to file IRS Form 990-PF (Return of Private Foundation) annually with the Internal Revenue Service
Any proposed transaction involving the Foundation and a disqualified person must be reviewed by legal counsel before it is consummated
The following administrative steps must be completed each year: 1
Caldwell must be filed by April 15, 2024 (or by October 15, 2024, if an automatic extension of time to file is obtained by filing IRS Form 4868 or Form 8892)