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      <ExplanationTxt>January 1, 2023 RE: Laughing Buck Farm Foundation EIN: 83-2623993 To Whom Is Taking Their Time on This: Laughing Buck Farm Foundation has been awaiting the IRS to change the Private Foundation designation to Public Charity Status, which was the 2nd week of March 2023. During this time as we were waiting for this to happen, we did file our 2020 &amp; 2021 990 as a Private Foundation. I am including the conversation with the IRS Agent as to our next steps needed: On March 8th, 2023 I called the IRS and asked about the following: * Reclassification from a Private Foundation to a Public Charity-the lady agent had to "reset" the Master File manually to show that you have filed the necessary paperwork, the 2nd week of April (2nd Monday of every month) the IRS system will update, and your updated status should show up correctly. * Tax Filings-once the system updates to show that you are a Public Charity I can e-file your tax return for 2021 &amp; 2022. I think that I will only be able to file a 990n electronic postcard for 2022 &amp; submit a 990EZ for 2021. Moving forward, Laughing Buck Farm Foundation will be filing its annual tax filings by using the 990N or 990EZ series of forms. I, Rosemary Graff - President, declare, under penalties of perjury, that I am authorized to sign this Reasonable Cause Statement on behalf of Laughing Buck Farm Foundation, and I further declare that I have examined this request, including the written explanation of all the facts of the claim for reasonable cause, and to the best of my knowledge and belief, this request is true, correct, and complete. Thank you for your time spent assisting us in the Reasonable Cause Statement of Laughing Buck Farm Foundation. We appreciate your help. Thank you dearly, Rosemary Graff-President of Laughing Buck Farm Foundation</ExplanationTxt>
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