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        <FormAndLineReferenceDesc>STATEMENT OF EXPLANATION FOR LATE FILING</FormAndLineReferenceDesc>
        <ExplanationTxt>BIVF FOUNDATION INC WAS FORMED IN THE YEAR 2022 FOR THE PURPOSE TO PROVIDE GRANTS TO INDIVIDUALS WHOSE FAMILY BUILDING NEEDS (INCLUDING BUT NOT LIMITED TO INFERTILITY TREATMENT) ARE NOT COVERED BY INSURANCE. IN THE FIRST YEAR THERE WAS NO ACTIVITY, AND NO GRANTS WERE RECEIVED. DUE TO DELAYS IN WEBSITE DEVELOPMENT, GRANT APPLICATIONS WERE RECEIVED IN LATE 2023 AND EARLY 2024. DURING THIS PERIOD THE PRIOR CFO RESIGNED . THE TAXPAYER WAS NOT AWARE OF THE FILING REQUIREMENTS AND WAS UNDER THE IMPRESSION THAT THE GRANTS NEED TO BE REPORTED ON THE 2024 TAX RETURN. AS SOON AS THE TAXPAYER WAS MADE AWARE OF THE FILING REQUIREMENTS THEY TOOK THE NECESSARY STEPS TO GET IT FILED. WE RESPECTFULLY REQUEST THAT THE FAILURE TO FILE PENALTIES BE ABATED BASED ON THE TAXPAYER'S FIRST TIME FILING. THE TAXPAYER WILL BE DILIGENTLY FILING ALL ITS TAX RETURNS IN A TIMELY AND EFFICIENT MANNER GOING FORWARD.</ExplanationTxt>
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