What information is requested in Part VII of Form 1023?
Part VII of Form 1023 combines in one place information needed to rule on several related issues:
Classification of the organization as a private foundation or public charity ; and
- Request for classification as a private operating foundation.
For organizations that are private foundations, Part VII secures information needed to verify that organizing documents comply with requirements relating to the private foundation excise taxes. For organizations requesting public charity status, Part VII cross-references required schedules.