Full 2024 budget included in mailer

FROM THE GRF

The Golden Rain Foundation has been receiving requests for copies of the full budget from shareholders, which is a document that shareholders are entitled to receive. However, for the 2024 fiscal year budget, the full budget document was included with the full budget mailer that was sent to all shareholders in November 2023. Page 3 of the mailer was the Pro Forma budget, which is what is required to be in the mailer. The full budget, which is pages 5-13, was also included. The line indicating that the full budget is available upon request should have been removed from the budget mailer.

The inclusion of the full budget with the mailer coupled with the oversight in not removing the offer to supply a copy of the full budget has created some confusion in the community, and staff regrets the error that caused that confusion. The budget mailer for 2025 will be corrected to accurately reflect what is included, and what (if anything) can be requested from GRF.