TY 2016 IRS 990 e-File Render

efile Public Visual Render ObjectId: 201711159349100416 - Submission: 2017-04-25 TIN: 20-1660366

TY 2016 IRS 990 e-File Render

Name:

THORNTON FOUNDATION

EIN:

20-1660366

Software ID:

16000303

Software Version:

2016v3.0

Identifier	Return Reference	Explanation
	General Explanation Supplemental Information for Form 990-PF	ALL CONTRIBUTIONS ARE MADE TO PUBLIC CHARITIES THAT ARE UNRELATED TO THE THORNTON FOUNDATION OR ITS MANAGERS.ON THE SCHEDULE ATTACHED, THE CHARITABLE PURPOSE AS UNDERSTOOD BY THE FOUNDATION IS INDICATED USING THE FOLLOWING CODES:1. COMMUNITY SERVICE2. RELIGIOUS3. EDUCATIONAL
	General Explanation Supplemental Information for Form 990-PF	STATEMENT REGARDING FUND BALANCES ADJUSTMENT:STOCKS DONATED TO THE FOUNDATION ARE RECORDED IN THE GIFTS AMOUNT AT LINE ONE OF PAGE ONE OF FORM 990-PF AT THE FAIR MARKET ON THE DATE TRANSFERRED TO THE FOUNDATION. FOR GAIN PURPOSES THE BASIS OF THE STOCKS IS THE ORIGINAL COST BASIS IN THE HANDS OF THE DONOR. ALL STOCKS RECEIVED WERE IMMEDIATELY SOLD. AN ADJUSTMENT TO THE FUND BALANCES IS NEEDED TO AVOID REPORTING THE FAIR MARKET VALUE OF THE GIFT OVER THE COST BASIS AS BOTH GIFT INCOME TO THE FOUNDATION AND ALSO AS A GAIN ON SALE AT LINE 6A OF PAGE ONE OF THE FORM 990-PF.