Can a nonexempt charitable trust be treated as a private foundation?
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Last modified 7/5/2022 1:54:48 AM EST |
Applicable To
990-PF
990-N
990-EZ
990
8868
1120-POL
A non-exempt charitable trust or 4947(a)(1) is a trust treated as a private foundation if it has any unexpired interests devoted to charitable purposes for which a charitable deduction was allowed. These trusts are not subjected to taxable income if it contributes or uses all of their income for charitable purposes.