TY 2020 IRS 990 e-File Render

Election:

ELECTION TO TREAT QUALIFYING DISTRIBUTION AS BEING MADE OUT OF THE UNDISTRIBUTED INCOME OF A DESIGNATED PRIOR TAX YEAR OR OUT OF CORPUS UNDER REG. 53.4942(A)-3(D)(2) AS ATTACHED TO THE ELECTRONIC FILING OF THE 2020 FORM 990PF. SM & JD REYNOLDS SCHOLARSHIP TRUST DECLARES THAT IT IS MAKING AN ELECTION UNDER REG. 53.4942(A)-3(D)(2) TO TREAT ITS QUALIFYING DISTRIBUTION FOR THE TAX YEAR ENDING 12/31/2020 AS SET FORTH BELOW. THE QUALIFIED DISTRIBUTION TOTALED 3678 AND SHALL FIRST BE MADE OUT OF THE UNDISTRIBUTED INCOME OF THE IMMEDIATELY PRECEDING TAX YEAR IN THE AMOUNT OF 1910. THEREAFTER, THE QUALIFIED DISTRIBUTION SHALL BE MADE OUT OF UNDISTRIBUTED INCOME OF THE FOLLOWING DESIGNATED PRIOR TAX YEARS AND/OR CORPUS AS FOLLOWS: 368 OUT OF THE UNDISTRIBUTED INCOME OF THE TAX YEAR ENDING 12/31/2015. SM & JD REYNOLDS SCHOLARSHIP TRUST BY: JANE R. GOODSON TRUSTEE DATE: 11/10/2021