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Forms and Instructions

Individual Tax Return
Instructions for Form 1040
Request for Taxpayer Identification Number (TIN) and Certification
Request for Transcript of Tax Return

 

Employee's Withholding Allowance Certificate
Employer's Quarterly Federal Tax Return
Employers engaged in a trade or business who pay compensation
Installment Agreement Request

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Amend/Fix Return
Apply for Power of Attorney
Apply for an ITIN
Rules Governing Practice before IRS

Private Operating Foundations

In general, a private operating foundation is a private foundation that devotes most of its resources to the active conduct of its exempt activities.

A private foundation may qualify for treatment as a private operating foundation. These founda­tions generally are still subject to the tax on net investment income and to the other requirements and restrictions that gener­ally apply to private foundation activity. How­ever, operating foundations are not subject to the excise tax on failure to distribute income. Also, contributions to private oper­ating foundations described in Internal Revenue Code section 4942(j)(3) are deductible by the donors to the extent of 50 percent of the donor’s adjusted gross income, whereas contributions to all other private foun­dations (except those discussed under Private Pass-through Foundation ) are gen­erally limited to 30 percent of the donor’s adjusted gross income.  In addition, a private operating foundation may receive qualifying distributions from a private foundation if the private founda­tion does not control it.

Additional information:


Return to Life Cycle of a Private Foundation