 Background |
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To insure that the Foundation’s assets
are distributed in the primary areas
that the founders, Wayne and Gladys
Valley, designated, and — equally as
important — that grants are awarded on the
basis consistent with the founders’
intentions, the Members have unanimously
elected to wind-down and terminate the
Wayne and Gladys Valley Foundation. Due to the magnitude of the Foundation’s assets and to allow sufficient time to successfully complete the wind-down, a target date of September 2018 has been set. The Board of Directors and staff have been developing a Strategic Plan to accomplish the termination. On September 15, 2003, the Members filed a Certificate to Wind Up and Dissolve — required under California Code Section 6611 — with the State Attorney General’s office.
Tamara A. Valley, President/Member John P. Stock, Member | |