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Valuation of Assets - Private Foundation Minimum Investment Return: Valuation Date for Assets Valued Annually

If an asset is required to be valued annually, the asset may be valued as of any day in the private foundation's tax year if the foundation follows a consistent practice of valuing the asset as of that date in all tax years. A valuation of real estate determined on a five-year basis by a certified, independent appraisal may be made as of any day in the first tax year of the private foundation to which the valuation is to be applied.

Page Last Reviewed or Updated: 31-Aug-2016