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Exempt Organizations Technical Guide›TG 3-22: Termination of Private Foundation Status - IRC Section 507›Table of Contents

Certain Transfer of Assets

0324 Publ 5614 (PDF) · 2026-10-03 edition · updated 2026-10-04 · United States

(1) Private foundations attempting to accomplish a Section 507(b)(1) and (2)

termination might dispose of certain assets by making transfers to one or more private foundations or to other types of organizations.

(2) A transfer to a private foundation during the termination period is a transfer

described in Section 507(b)(2), even though the transferor foundation thereafter successfully terminates under Section 507(b)(1)(B).

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