The Annenberg Foundation Trust at Sunnylands (the Sunnylands Trust) was created May 14, 2001 as a Pennsylvania charitable trust.  On May 31, 2001, The Annenberg Foundation transferred $250 million in cash to the Sunnylands Trust.  The Sunnylands Trust was granted tax-exempt status under Section 501(c)(3) of the Internal Revenue Code on July 9, 2001 and was classified as a private foundation under Section 509(a).  On September 21, 2004, the Internal Revenue Service further classified the Sunnylands Trust as an operating foundation under Section 4942(j)(3), effective July 1, 2004.