The provisions subjecting nonexempt charitable trusts to certain private foundation requirements generally apply to trusts in which some but not all unexpired interests are charitable. An estate from which the executor or administrator is required to distribute all of the net assets in trust, or free of trust, to both charitable and noncharitable beneficiaries will not be considered a split-interest trust during the period of estate administration or settlement with the exception of the provisions discussed under Estates. A split-interest trust created by a will is considered a split-interest trust as of the date of death of the decedent-grantor except for the exceptions discussed under Certain revocable and testamentary trusts that wind up. Additional information: Application of rules relating to termination of private foundation status Return to Life Cycle of a Private Foundation
