BOARD RESOLUTION OF
UNIVERSITY OF SCIENCE AND TECHNOLOGY OF CHINA ALUMNI FOUNDATION
(GBR-2025-51)
ON
ACCEPTANCE OF UNUSUAL GRANT
WHEREAS:
The University of Science and Technology of China Alumni Foundation ("USTCAF") is a Delaware nonprofit corporation, recognized by the IRS as exempt under IRC §501(c)(3) and classified as a public charity described in IRC §§509(a)(1) and 170(b)(1)(A)(vi).
M▉▉▉▉▉▉▉▉▉ ("Donor") has generously agreed to contribute ▉▉▉▉▉▉▉▉▉ Dollars (approximate) to USTCAF, pursuant to the Unusual Grant Donation Agreement executed between USTCAF and Donor dated Aug 20, 2025 (the "Agreement").
Under Treasury Regulation §1.170A-9(f)(6)(ii), certain extraordinary and non-recurring contributions from disinterested donors may be designated as "unusual grants", allowing exclusion from both the numerator and denominator of USTCAF’s public support calculation for IRS purposes.
The Board has reviewed the Agreement, determined that the contribution meets the criteria of an unusual grant, and finds that it aligns with USTCAF’s charitable mission, bylaws, and fiduciary responsibilities.
RESOLVED THAT:
1. Acceptance of Gift: USTCAF hereby formally accepts the ▉▉▉▉▉▉▉▉▉ Dollars (approximate) donation from M▉▉▉▉▉▉▉▉▉ under the terms of the Agreement.
2. Unusual Grant Designation: The Board designates this contribution as an "unusual grant" in accordance with Treasury Regulation §1.170A-9(f)(6)(ii), and directs that it be excluded from both the numerator and denominator of USTCAF’s public support calculation on IRS Form 990, Schedule A.
3. Sub Fund Establishment: A dedicated sub fund titled the "▉▉▉▉▉▉▉▉▉ Fund" shall be created to track all income, gains, losses, and disbursements associated with this Gift, consistent with the Agreement.
4. IRS Compliance: USTCAF’s officers are authorized and directed to:
- Report this unusual grant on IRS Form 990, Schedule A, Part II, Line 28, with a supporting explanatory attachment;
- Maintain a complete record of this Agreement, Board resolution, and donor correspondence in USTCAF’s permanent records for IRS and audit purposes.
5. Implementation: The Executive Director and Treasurer are authorized to take all actions necessary to implement this resolution, including providing donor reports, overseeing investment and accounting of the sub fund, and ensuring compliance with the Agreement’s terms.
CERTIFICATION:
I, the undersigned Secretary of USTCAF, hereby certify that the foregoing resolution was duly adopted by the Board of Directors of USTCAF at a meeting held on the date first written above, and that it remains in full force and effect.
<Signed> John Hu
Secretary, USTCAF
Date: __11/17/2025____