PFS2206. Opening Remarks | Foundation Lifecycle

This session will cover the various aspects of a private foundation's life cycle after formation including mergers, split ups, dissolutions and conversion to public charity status.

Learning Objectives:

• Appreciation of when and how the IRC 507 termination tax may apply to a private foundation.
• Understanding of when and how a private foundation's tax attributes may follow the assets upon dissolution or distribution of significant assets.
• Discussion of how and when a private foundation might qualify for conversion to public charity status and the process for making the change.