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2022 AICPA & CIMA Private Foundation Summit

PFS2206 - Foundation Lifecycle

Dec 13, 2022 10:05am ‐ Dec 13, 2022 10:55am


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.
Category: General Session (Online)

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