IRS Logo
Print - Click this link to Print this page

Taxable Private Foundations

If an organization is an exempt private foundation on or after October 9, 1969, but it is later determined that it is no longer exempt as a section 501(c)(3) organization as of any date after October 9, 1969, the organization will continue to be treated as a taxable private foundation unless its status as such is terminated under section 507, even though it may operate thereafter as a taxable entity.

Note. If an organization was not exempt on October 9, 1969, it will not be treated as a private foundation, unless it becomes a private foundation on a later date.


  Return to Life Cycle of a Private Foundation

Page Last Reviewed or Updated: 20-Oct-2016