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        <FormAndLineReferenceDesc>Part X : FIN48 Footnote</FormAndLineReferenceDesc>
        <ExplanationTxt>The Foundation is recognized as a public charity exempt from federal and state income tax under Section 501(c)(3) of the Internal Revenue Code and Section 23701d of the California Revenue and Taxation Code, whereby only unrelated business income, as defined by Section 512(a)(1) of the Internal Revenue Code and similiar code section of the California Revenue and Taxation Code, is subject to income tax. Management believes that substantially all the Foundation's income during the year ended June 30, 2021 was related to the Foundation's exempt purpose.</ExplanationTxt>
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          <CityNm>Belvedere Tibur</CityNm>
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        <ExplanationTxt>As part of the organization's mission it only makes grants to Tiburon Library Agency. The grant award amounts are recommended by the Finance Committee and substantiated in the Board minutes.The departments of the grantee keep records for their expenditures of grant funds. Activities and use of grant funds is reported back to the grantor at each board meeting.</ExplanationTxt>
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