Exempt Organizations Technical Guide›TG 3-22: Termination of Private Foundation Status - IRC Section 507›Table of Contents
Section 507(b)(1) Termination
0324 Publ 5614 (PDF) · 2026-10-03 edition · updated 2026-10-04 · United States
(1) There are two kinds of termination of private foundation status described in
Section 507(b):
a. Distribution of net assets to certain public charities. See Treas. Reg. 1.507 2(a).
b. Operation as a public charity. See Treas. Reg. 1.507-2(b).
(2) Private foundations terminating private foundation status under Section 507(b)
are not subject to Section 507(c) tax. See Treas. Reg. 1.507-2(a)(1) and 1.5072(b)(2).
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