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Status of organization after termination of private foundation status - Termination tax

The tax imposed on termination of private foundation status is imposed on the organization and is equal to the lesser of::

1) The amount the private foundation can verify by adequate records or other evidence as the total tax benefit resulting from the section 501(c)(3) status of the foundation, or

2) The value of the foundation's net assets.

Additional information

Private foundation termination tax

Return to Life Cycle of a Private Foundation

Page Last Reviewed or Updated: 23-Aug-2016