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

Filing Requirements

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

(1) A private foundation is required to file an information return on Form 990-PF

regarding any liquidation, dissolution, Section 507(b)(1)(A) termination, partial liquidation, or "substantial contraction." This requirement applies whether the private foundation is a corporation, association, or trust. See Section 6043(b) and Treas. Reg. 1.6043-3.

(2) A private foundation which fails to meet the requirements of Section

507(b)(1)(A) may be required to file a return under Section 6043(b) because of a transfer of assets to one or more sections 509(a) (1), (2), or (3) organizations. However, such filing does not necessarily mean that a Section 507(b)(2) transfer has occurred. See Treas. Reg. 1.507-3(c)(3).

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(3) A private foundation which has terminated its private foundation status under

Section 507(b)(1)(B) (regarding operating as a public charity) is not required to file Form 990-PF with respect to a liquidation, dissolution, termination, or substantial contraction which is in connection with the termination under section 507(b)(1)(B). See Treas. Reg. 1.507-2(b)(6).

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