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        <Desc>FRIENDS FIDUCIARY CORPORATION</Desc>
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        <Desc>BENEFICIAL INTEREST IN PERPETU</Desc>
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      <FootnoteTextInd>X</FootnoteTextInd>
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        <FormAndLineReferenceDesc>PART V, LINE 4:</FormAndLineReferenceDesc>
        <ExplanationTxt>INTENDED USE OF ENDOWMENT FUNDS INCOME DERIVED IS USED TO SUPPORT THE PROGRAM PURPOSE OF PUBLISHING FRIENDS JOURNAL 11 TIMES PER YEAR.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>PART X, LINE 2:</FormAndLineReferenceDesc>
        <ExplanationTxt>The Organization is exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code. However, income from certain activities not directly related to the Organization's tax-exempt purpose is subject to taxation as unrelated business income. GAAP requires entities to evaluate, measure, recognize and disclose any uncertain income tax positions taken on their tax returns. GAAP prescribes a minimum threshold that a tax position is required to meet in order to be recognized in the financial statements. The Organization believes that it had no uncertain tax positions as defined in GAAP.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Part XII, Line 2d:</FormAndLineReferenceDesc>
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        <PersonNm>The Better Fundraising Co</PersonNm>
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          <AddressLine1Txt>PO Box 1563</AddressLine1Txt>
          <CityNm>Edmonds</CityNm>
          <StateAbbreviationCd>WA</StateAbbreviationCd>
          <ZIPCd>98020</ZIPCd>
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        <ActivityTxt>Develop mes</ActivityTxt>
        <FundraiserControlOfFundsInd>false</FundraiserControlOfFundsInd>
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      <TotalRetainedByContractorsAmt>23100</TotalRetainedByContractorsAmt>
      <AllStatesCd>All States</AllStatesCd>
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        <FormAndLineReferenceDesc>SCHEDULE G, PART I, LINE 2B, LIST OF TEN HIGHEST PAID FUNDRAISERS:</FormAndLineReferenceDesc>
        <ExplanationTxt>(I) NAME OF FUNDRAISER: THE BETTER FUNDRAISING CO. (I) ADDRESS OF FUNDRAISER: PO BOX 1563, EDMONDS, WA 98020</ExplanationTxt>
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        <ExplanationTxt>PRIOR TO ITS FILING WITH THE IRS, AN ELECTRONIC COPY OF THE FINAL FORM 990 IS PROVIDED TO EACH BOARD MEMBER FOR REVIEW.</ExplanationTxt>
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        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 12C:</FormAndLineReferenceDesc>
        <ExplanationTxt>A CONFLICT OF INTEREST POLICY APPLIES TO ALL TRUSTEES AND EMPLOYEES. THE POLICY IS REVIEWED AT THE ANNUAL MEETING OF THE BOARD OF TRUSTEES. THE TRUSTEES ARE ASKED TO UPDATE THEIR DISCLOSURES, IF NECESSARY. EMPLOYEES ARE ASKED TO UPDATE THEIR DISCLOSURES AS NECESSARY. THE CLERK OF THE BOARD OF TRUSTEES DETERMINES WHETHER A CONFLICT EXISTS WITH RESPECT TO A TRUSTEE OR THE EXECUTIVE DIRECTOR. THE EXECUTIVE DIRECTOR DETERMINES WHETHER A CONFLICT EXISTS WITH RESPECT TO EMPLOYEES. THE DETERMINING PARTY MAY ASK A PARTY WITH A CONFLICT NOT TO PARTICIPATE IN DECISIONS REGARDING A CONFLICTED TRANSACTION, AT THEIR DISCRETION AND WITH FULL DISCLOSURE TO THE DECISION MAKING BODY THAT A CONFLICT EXISTS.</ExplanationTxt>
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