THE AYCO CHARITABLE FOUNDATION ("ACF") ACCOMPLISHES ITS CHARITABLE PURPOSE BY RECEIVING CHARITABLE CONTRIBUTIONS AND MAKING GRANTS EXCLUSIVELY FOR RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY, OR EDUCATIONAL PURPOSES, PRIMARILY TO ORGANIZATIONS DESCRIBED IN SECTION 170(B)(1)(A) OF THE INTERNAL REVENUE CODE OF 1986 AS AMENDED (THE "CODE"). THE ORGANIZATION OPERATES AS A "SPONSORING ORGANIZATION" WITHIN THE MEANING OF CODE SECTION 4966 AND MAINTAINS DONOR ADVISED FUNDS. FOR THE YEAR ENDED DECEMBER 31, 2023, THE ORGANIZATION MADE APPROXIMATELY 32,400 GRANTS TOTALING APPROXIMATELY $251,751,000 TO CHARITABLE ORGANIZATIONS.
