Transitional Rules Self Dealing by Private Foundations

Transitional rules provide special treatment for certain transactions predating the enactment of the self-dealing excise taxes in 1969. The transitional rules include the following:

• Use of property in which a private foundation and disqualified person acquired joint or common interests before October 9, 1969
• Certain transactions involving securities acquired by a foundation before May 27, 1969

Return to Life Cycle of a Private Foundation