GRACE GLOCAL OUTREACH

The organization supported theological education through a grant to Fuller Theological Seminary in Pasadena, a leading institution for training Christian ministers and missionaries. This grant contributed to the seminarys mission of preparing leaders for global Christian ministry.

Grants to Foreign Organizations During the tax year, the organization inadvertently made two grants to organizations in Taiwan: one for $50,000 and another for $10,000. When the organization applied for 501(c)(3) status, it indicated it would not make grants to foreign entities. Upon realizing this error, the organization immediately contacted both recipients to request return of the funds. The first recipient returned $46,549 (the $50,000 grant less currency exchange rate losses of $3,450). The second recipient was unable to return their $10,000 grant due to Taiwanese banking restrictions. The net amount reported on Line 3 ($13,450) represents the unreturned grant ($10,000) plus the currency exchange loss ($3,450) from thereturned grant. The organization acknowledges these were mistakes and has implemented procedures to ensure all future grants comply with the restrictions stated in its 501(c)(3) application. No foreign grants will be made going forward