Bulletin No. 1997–22 June 2, 1997

EMPLOYEE PLANS

Notice 97–33, page 22. Weighted average interest rate update. Guidelines are set forth for determining for May 1997, the weighted average interest rate and the resulting permissible range of interest rates used to calculate current liability for purposes of the full funding limitation of section 412(c)(7) of the Code as amended by the Omnibus Budget Reconciliation Act of 1987 and by the Uruguay Round Agreements Act (GATT).

EXEMPT ORGANIZATIONS

Announcement 97–54, page 23. A list is provided of organizations that no longer qualify as organizations to which contributions are deductible under section 170 of the Code.

Announcement 97–55, page 23. A list is given of organizations now classified as private foundations.