Transfers Between Private Foundations

At some point in the life of a private foundation (PF), it may be advantageous to transfer most or all of its assets to one or more other PFs. The most common reasons are to enable a PF's board members with incompatible objectives to pursue their interests independently and to achieve administrative efficiencies and a possible reduction in operating expenses by changing the PF's structure (trust vs.

At some point in the life of a private foundation (PF), it may be advantageous to transfer most or all of its assets to one or more other PFs. The most common reasons are to enable a PF's board members with incompatible objectives to pursue their interests independently and to achieve administrative efficiencies and a possible reduction in operating expenses by changing the PF's structure (trust vs. corporation) or domicile.

The Internal Revenue Service requires a PF to comply with a

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