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"Other adjustment, organization, or reorganization" - Private Foundations

The term other adjustment, organization, or reorganization includes any partial liquidation, or any other significant disposition of assets, to one or more private founda­tions, other than transfers for full and adequate consideration or distributions out of current in­come (including qualifying distributions out of current and earlier years’ undistributed income).

Return to Life Cycle of a Private Foundation


Page Last Reviewed or Updated: 11-Oct-2016