Announcement 2001-53

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction to final regulations.

SUMMARY: This document contains corrections to final regulations (T.D.

8940, 2001-15 I.R.B. 1016) relating to deemed and actual asset acquisitions under sections 338 and 1060. The final regulations were published in the Federal Register on Tuesday, February 13, 2001 (66 FR 9925).

DATES: This correction is effective March 16, 2001.

FOR FURTHER INFORMATION CONTACT: Richard Starke (202) 622-7790 (not a toll-free number).

SUPPLEMENTARY INFORMATION:

Background

The final regulations that are the subject of these corrections are under sections 338 and 1060 of the Internal Revenue Code.

Need for Correction

As published, the final regulations contain an error that may prove to be misleading and is in need of clarification.

Correction of Publication

Accordingly, the publication of the final regulations (T.D. 8940), that were the subject of FR Doc. 01-981, is corrected as follows:

1. On page 9929, in the table, the entry for §1.197-2(k), Example 23 is corrected to read as follows:

May 14, 2001 1186 2001–20 I.R.B.

Cleveland, OH Buena Park-So Cal Judo-Wrestling Club,

§1.338-3 [Corrected]

2. On page 9935, column 3, §1.338-3, paragraph (b)(3)(iv), paragraph (ii) of Example 1., line 9 from the bottom of the paragraph, the language “338(h)(3) (A)(iii). See §1.338-2(b)(3)(ii)(C).” is corrected to read “338(h)(3)(A)(iii). See §1.338-3(b)(3)(ii)(C)”.

§1.338-6 [Corrected]

3. On page 9944, column 3, §1.338-6, paragraph (d), paragraph (ix) of Example 1 line 1, the language “The liabilities of T as of the beginning” is corrected to read “The liabilities of T1 as of the beginning”.

Cynthia E. Grigsby, Chief, Regulations Unit, Office of Special Counsel (Modernization and Strategic Planning).

(Filed by the Office of the Federal Register on March 29, 2001, 8:45 a.m., and published in the issue of the Federal Register for March 30, 2001, 66 F.R. 17362)

Foundations Status of Certain Organizations

Announcement 2001–57

The following organizations have failed to establish or have been unable to maintain their status as public charities or as operating foundations. Accordingly, grantors and contributors may not, after this date, rely on previous rulings or designations in the Cumulative List of Organizations (Publication 78), or on the presumption arising from the filing of notices under section 508(b) of the Code. This listing does not indicate that the organizations have lost their status as organizations described in section 501(c)(3), eligible to receive deductible contributions.

Former Public Charities. The following organizations (which have been treated as organizations that are not private foundations described in section 509(a) of the Code) are now classified as private foundations:

American Association of Laboratory

Cincinnati, OH Bernice Troy Home, Columbus, OH Bethel Foster Family Agency, Covina, CA Blue Chip Figure Skating Association,

Animal Science-Southern Ohio Branch, Milford, OH American Friends of Religious Freedom

Brighter Future Maternity Home, Inc.,

in Israel Hemdat Afrf, Inc., Palm Springs, CA American Indian Movement Confederation

Buena Park, CA Butch Reynolds Care for Kids

Foundation, Columbus, OH Cabbage Patch Kids Daycare Center,

Inc., Marrero, LA California Council Physical Fitness &

of Autonomous, Anaheim, CA American Senior Theatre Company,

Mt. Vernon, OH Anaheim Amateur Hockey Association,

Sports, Irvine, CA California Institute for Enhanced

Learning Outcomes, Carlsbad, CA California Neuropsychological Institute,

Huntington Beach, CA Andres Rojas Memorial Fund,

Chula Vista, CA Angelus Plaza East, Inc.,

Long Beach, CA Animal Sanctuary, Franklin, OH An-Nasr Social Services Center, Inc.,

San Diego, CA California Senior Drivers Association,

Inc., Orange, CA Camden Recreation Association, Inc.,

Camden, OH Capitol Ballet Studio, Inc.,

Jacksonville, FL Anndorr Incorporation,

Pacific Palisades, CA Any Body Can Youth Resorts

Foundation, San Diego, CA Appleseed Childcare Center, Inc.,

Washington, DC Care for our Lords Animals,

Palm Desert, CA Caring Resource Center, Inc.,

Mansfield, OH Artability Artists, Long Beach, CA As He is Ministries, Redondo Beach, CA Association to Broaden Learning

Springfield, OH Carol Madden Scholarship Fund of

Arcanum, OH Cavitenos of Southern California USA,

Seasons, Inc., Cincinnati, OH Castine Area Food Bank, Inc.,

Experiences, Inc., Huber Hts., OH Assumption Alumnae Association

Cerritos, CA Cavu Foundation, Rocky River, OH Cbc Enterprises, Cincinnati, OH Celebrity Corps, Lakewood, CA Center for American Ingenuity,

Abroad of Southern California, San Pedro, CA Autism Coalition for Creative

Educational & Social Services, Irvine, CA Avondale Coalition of Churches,

Cincinnati, OH Awakening Hand in Hand Forever,

Carmel, CA Center for Historical Analysis,

San Diego, CA Baptist Ministries United of San Diego,

Huntington Beach, CA Center for Perinatal and Family Support,

Cleveland, OH Century Care Foundation, Santa Ana, CA Chapel Ridge Botanical Gardens, Inc.,

San Diego, CA Barberton Youth Football Association,

S. Bloomingville, OH Charity Without Borders, Inc.,

Barberton, OH Basic Re-Education Against Violent

Garden Grove, CA Cherry Grove Gardens, Inc.,

Environments, San Diego, CA Beacon Glenn Resident Counsel,

Lancaster, OH Christ Emmanuel Ministries, Inc.,

Cincinnati, OH Christian Covenant Group, Columbus, OH Christian Gays and Lesbians for Justice,

Inc., Newport Beach, CA Christians United for Life, Inc.,

13th and Pendleton Arts Center, Fruitland, NM Acon Bridging the Gap,

Cleveland, OH Cincinnati Hockey 96, Inc., Cincinnati, OH Citizens Committee for County

Laguna Niguel, CA Adoption Resource Center,

Association, Lakewood, OH

Long Beach, CA Aids Food Store, Inc., Long Beach, CA Alternatives for Battered Women,

Cincinnati, OH Blue Waters Festival, San Diego, CA Bombrule Association, Riverside, CA Boyds Hot Rod & Harley Extravaganza,

La Habra Hgts., CA Braasch Ministries, Inc., Tulsa, OK Bridge Development Center,

Long Beach, CA

Columbus, OH

Government Reform, Cleveland, OH Cleveland Soo Bahk Do Cultural

2001–20 I.R.B. 1187 May 14, 2001

Club Hueyapense Poblano,

Historical Air Museum Foundation,

Scholarship Fund, Gallipolis, OH Homeward Bound House, Whitehall, OH Horn of Salvation Ministry, Stanton, OH Hospice by the Sea Foundation,

Southgate, CA Club Sober, Inc., Brewster, NY Club Villa Hidalgo San Luis Potosi

Mexico, Lakewood, CA Colgan Foundation, Encinitas, CA Columbus Tennis Foundation, Inc.,

Flyers Track Club, Inc., Cleveland, OH Forest Green, San Diego, CA Foundation for Chinese Christian

Authors, Cincinnati, OH Foundation for Chino Valley Education,

Irvine, CA Home Together, Inc., San Diego, CA Homer Pellegrinon Memorial

Westerville, OH Committed Parents for Afrikan Culture &

Chino, CA Friends of Crest, El Cajon, CA Friends of Lulu, Lompoc, CA Friends of the International School of

Amsterdam, Inc., Palm Harbor, FL Frontline Christian Center, Cypress, CA Fulford Flag Foundation, Inc.,

Quality Education, Inc., Columbus, OH Community Church of Palm Desert,

Rancho Mirage, CA Community Counseling Associates,

Solana Beach, CA Huntington Beach High School

Foundation, Huntington Beach, CA I Am Somebody, Fairfield, OH Imani Community Action Partners, Inc.,

Gardena, CA Connecticut Re-Employment Workshops,

Inc., Avon, CT Consumer Credit Counseling Corsortium

Madison, FL Gardena Valley Art Association,

Torrance, CA GE Aircraft Engines African American

Forum, Cincinnati, OH Gene Affective Disorders Institute,

Pittsburgh, PA Get in the Game, Redondo Beach, CA G.I.F.T.T. Inc., Flintstone, GA Global Christian Education & Youth

Cleveland, OH Immigration & Refugee Assistance

Center, El Cajon, CA Improve Foundation, Santa Ana, CA Indio Arts Foundation, Indio, CA International Dolphin Project,

of California, San Diego, CA Corona Legal Services Clinic,

for Ethiopia, Fullerton, CA International Society of Urologic

Corona, CA Countywide Outreach Program Services,

Ministry, Fullerton, CA Golden Endings-Golden Retriever

Incorporated, Ventura, CA International Recovery & Development

Inc., Columbus, OH Cox-Long Community Development,

Inc., Harbor City, CA Crown of Beauty Ministries,

Pathology, Washington, DC Jericho Evangelistic Ministries,

Rch Cucamonga, CA Cybertouch Foundation, Issaquah, WA Dana Point Youth Aquatic Foundation,

Rescue, Ostrander, OH Goodhope Educational Group Home,

Inc., East Point, GA Grand Terrace Swim Club,

Lakeside, CA Jonathan Foundation, Anaheim, CA Jump Start Learning is Fun,

Middletown, OH Junior Warriors for Jesus,

National City, CA Juvenile Firesetter Education Council of

Dana Point, CA Delta Gamma Lambda Foundation, Inc.,

Cincinnati, OH DGI Services, Inc., Riverside, CA Divisions Ministries, Inc., Clinton, NC Dream Works Institute, Carlsbad, CA Drug Free Partners, Inc., Thompson, OH Eagle Rock, Inc., Lebanon, OH East 93rd Street Club, Inc.,

Corona, CA Granite Hills High School Girls Aquatics,

Development Organization, Inc., Memphis, TN Hamilton Appalachian Peoples Service

Spring Valley, CA Greater Cincinnati Area Safety Council,

Clermont County, Inc., Cincinnati, OH Juventus Soccer Club, Tallmadge, OH Kids in Difficult Situations, Inc.,

San Pedro, CA Kids with Urea Cycle Disorders Research

Enterprise, Inc., Anaheim, CA Kingdom Ministries, Inc., Covington, KY Knorr Lymhedema Information and Care

Addyston, OH Greek Childrens Fund at Memorial

Sloan Kettering Cancer Center, Paramus, NJ Greenlaw Community Housing

Cleveland, OH Electric Vehicle Association of North

Organization, Hamilton, OH Hannaford Hall Social Club Assoc.,

Carolina, Durham, NC Emanuel 2000 Partnership, Inc.,

Swainsboro, GA Emergency Wildlife Rehab,

Foundation, Inc., Shaker Heights, OH Korean American Retailers Foundation,

Santa Ana, CA Korean Community Public Library,

Garden Grove, CA La Quinta Wildcats Softball Association,

Lakeside, CA Epiphanies, Inc., Marion, OH Executors-Strictly Business, Dayton, OH Families Against Violence Crime,

Hamilton, OH Harbor Community Fund Organization,

San Pedro, CA Hawaiian Gardens Food Bank, Inc.,

La Quinta, CA La Va Love Angels, Inc., Torrance, CA Laymens Conference, Inc.,

Lyndhurst, OH Legacy Park, San Marcos, CA Leipsic Association for Parks and Pools,

Cathedral City, CA Family Intervention Parenting Program,

Inc., San Diego, CA Fangs Gang, Inc., Reisterstown, MD Fatow Ministries, Inc., Knoxville, TN First 50 Productions, Inc., Cincinnati, OH First Baptist Korean Church,

Fontana, CA Flonzie B. Wright Scholarship Fund, Inc.,

Hawaiian Gardens, CA Hds, Inc., Palm Desert, CA Healing Foundation, Pepper Pike, OH Helping Hand Housing Association,

Newport Beach, CA Helping Hand Thrift Store,

Program, London, OH Hill Manor I, Inc., Columbus, OH Hill Manor II, Inc., Columbus, OH

Youngstown, OH Hemet Ballet, San Jacinto, CA Hidden Treasures Domestic Violence

Leipsic, OH Lesbian Health News, Inc.,

Columbus, OH Liberty Center Historical Society, Inc.,

Liberty Ctr., OH Licking County Stallions, Newark, OH

Germantown, OH

May 14, 2001 1188 2001–20 I.R.B.

Light of the World Ministries, Inc.,

St. Petersburg, FL Linn Skinner Foundation, Columbus, OH Living Dreams of Ohio, Inc.,

Nub Relief Rehabilitation and

Development Society, Cincinnati, OH Ohio Coalition for Music Education, Inc.,

Columbus, OH Ohio Emergency Medical Services

San Diego Baseball Historical Society,

San Diego, CA San Diego County Quality of Life

Foundation, Escondido, CA San Diego Public Library Foundation,

Columbus, OH Living Hope, Centerville, OH Marriage Family Enrichment Program,

Foundation, Wilmington, OH Ohio Legislative Host Committee, Inc.,

San Diego, CA San Jose Retired Veterans, San Jose, CA Sara Foundation, Redlands, CA Scioto Athletic Booster, Dublin, OH Sea Explorer Ship 294, Inc.,

Laguna Hills, CA Marysville Housing II, Inc.,

Marysville, OH McComb Community Awareness, Inc.,

Columbus, OH Onelife International, Inc.,

San Diego, CA Sima Environmental Fund,

McComb, OH Med-Life Foundation, Westminster, CA Melissa Margaret Mueller Fund,

Newport Beach, CA Operation Youth, Inc., Portland, TN Orphans Industries, Dayton, OH Pacific Housing Foundation,

San Diego, CA Pallas Communications, Inc.,

Bloomington, CA Mercy Flight of Ohio, Columbus, OH Mercy Health System-Western Ohio

Dana Point, CA Simons Kids, Inc., Cleveland, OH Somali Global Communities, Inc.,

San Diego, CA Southeast Civic Association, Inc.,

Foundation, Springfield, OH Metro Area Justice Interfaith Committee,

Cleveland, OH Palm Springs Film Museum Group,

Palm Springs, CA Park Foundation for Community Health

Hamilton, OH Southern California Consortium for

Birmingham, AL Mexican American Neighbor

Organization, San Diego, CA Michigan Street Community

Improvement, Columbus, OH Parma Community Service Network,

Paralegal Education, Brea, CA Southwest Technology Transfer Center,

Inc., San Diego, CA Start With Art, Cincinnati, OH Step Ahead-Preschool and Schoolagers

Carson, CA Success Against all Odds, Inc., Camden, NJ Support Committee for Maquiladora

Workers, San Diego, CA Technology Access Partnership

Development Corp., Memphis, TN Mis Foundation-U-S-A-Inc.,

San Diego, CA Muslim Prisoner Association of America,

Parma, OH Pay-Up of Georgia, Inc., Savannah, GA People Placing Pets, Riverside, CA People With Pride, Ontario, CA Perrysburg Playground Project

Foundation, Perrysburg, OH Plymouth Park Productions, Irving, TX Positively Gay, Columbus, OH Press Club of Toledo Scholarship

Program, Columbus, OH St. Lukes Development Corporation,

Gahanna, OH Succeeding With Computer Technology,

Akron, OH National Math and Science Federation,

Inc., San Juan Capo, CA Neighborhood Citizens Committee,

Long Beach, CA New Community Center, Irvine, CA New Covenant Urban and Disabled

Foundation, San Bernardino, CA Teen Harbor, Tippencanoe, OH Tender Hearts Family Ministries,

Palm Desert, CA Therapeutic Health Centers of America,

Community Services, Inc., San Diego, CA New Creations Ministries, Inc.,

La Jolla, CA New Day Resources, Inc., Torrance, CA New Morning Light Community

Foundation, Toledo, OH Prisoners Renewed Ministries, Inc.,

Santa Ana, CA Project Share, Inc., Defiance, OH Prospect Foundation, Arlington, VA Protégé Organization, Carson, CA Provide-A-Home, Inc., Toledo, OH Quad County Friends of Animals,

Akron, OH Quality Free Care, Inc.,

Orange, CA Theatre Mirage Productions,

Development, Inc., Conley GA Niagara Historical Society, Inc.,

Santa Ana, CA Time for Children Foundation,

Niagara, WI North Avondale Daycare Center, Inc.,

Cincinnati, OH North County Winterball Association,

Carlsbad, CA North Hanna Foundation Educational

Montclair, CA Tomorrow Foundation, Inc., Redlands, CA Total Access, Escondido, CA Trilby Youth Sports Foundation,

Fund, Lansing, MI Northeastern Pennsylvania Conservancy,

National City, CA R & J Foundation, Akron, OH Rainbow Kids Ranch, Palm Desert, CA Reach Back Program, Inc.,

Cleveland, OH Re-Entry, Inc., Fullerton, CA Regional Youth Board, San Jacinto, CA R H F Bunker Hill II, Inc.,

Long Beach, CA Richcreek Bailey Rehabilitation Services,

Toledo, OH Tri-State Housing Partnership,

Cincinnati, OH Truce International, Inc., Racine, WI True Bread of Life Ministry,

Temecula, CA Trumbull Homes Tenant Association,

Pittston, PA Northern Ohio Branch of the American

Association for Laboratory Science, Cleveland, OH Northern Ohio Naiop Charities, Inc.,

Columbus, OH Riverside County Flyway Foundation,

Newport Beach, CA San Diego Alliance for the Future,

Inc., Mentor, OH Right for Harvest Ministries, Inc.,

Warren, OH United Art Spectrum, Inc.,

St. Croix, VI Universal Mission Society,

Independence, OH Northwest Ohio Youth Basketball

San Diego, CA

Lake Mary, FL

League, Toledo, OH

2001–20 I.R.B. 1189 May 14, 2001

U S A Tongan Community,

North Tustin, CA Valkyrie Theatre of Dance and Drama,

West Africa Support Team, Inc.,

Cleveland, OH West Jefferson July 4th Streetfest,

West Jefferson, OH West Price Hill Community Council,

Yucaipa Valley Youth Baseball

Inc., Atlanta, GA Values for a Better America,

Organization, Yucaipa, CA Zaharias Classic Events, Inc.,

Cincinnati, OH

Costa Mesa, CA Vanlue Parent Teacher Association,

Findlay, OH Vietnam Education and Development

Organization, Fountain Valley, CA Vision for African Nationals, Inc.,

Cincinnati, OH Womens Alternatives Center, Inc.,

Capo Beach, CA World Aware Reality Education,

Dayton, OH Vision Youth Center, Long Beach, CA Vocalart, Inc., Columbus, OH Voice of Faith, Inc., Flowery Branch, GA Warner Booster Foundation, Inc.,

Yorba Linda, CA World Harmony Network-San Diego

California, San Diego, CA World Outreach Vision Ministry,

Incorporated, Germantown, OH You Help Foundation, Inc.,

Springvalley, CA Worldwide Harvest Ministries,

Warner Springs, CA Washington School for the Blind

If an organization listed above submits information that warrants the renewal of its classification as a public charity or as a private operating foundation, the Internal Revenue Service will issue a ruling or determination letter with the revised classification as to foundation status. Grantors and contributors may thereafter rely upon such ruling or determination letter as provided in section 1.509(a)–7 of the Income Tax Regulations. It is not the practice of the Service to announce such revised classification of foundation status in the Internal Revenue Bulletin.

Foundation, Vancouver, WA Water for Children Africa, Incorporated,

El Cajon, CA Welcome All Park Athletic Association,

Birmingham, AL Young Mothers Program, Coshocton, OH Youngstown Youth Academy, Inc.,

Youngstown, OH Youth Rehab and Construction, Inc.,

Columbus, OH

Inc., Red Oak, GA

May 14, 2001 1190 2001–20 I.R.B.