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OMB NO 1545 0047 Return of Organization Exempt From Income Tax 2002 Under section 507(c), 527, or 4947(a)(1) of the Internal Revenue Code (except black or private foundation) lung benefit trust Department

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What is foundation?

A foundation is a legal entity, often established as a nonprofit organization, that aims to support charitable activities and purposes.

Who is required to file foundation?

Organizations that meet the legal criteria for being classified as a foundation, including private foundations and certain public charities, are required to file.

How to fill out foundation?

To fill out a foundation's application, organizations must provide details such as their purpose, governance structure, financial data, and planned activities.

What is the purpose of foundation?

The purpose of a foundation is primarily to provide support for charitable activities, promote education, and often to fund specific projects or initiatives that align with its mission.

What information must be reported on foundation?

Foundations must report information including financial statements, activities, board members, donations received, and grants made.

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