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Le file Topographic print DO NOT Processes Filed Data DAN: 93491011003006 OMB No 15450052990PFReturn of Private Foundation2014or Section 4947(a)(1) Trust Treated as Private Foundation Department of

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What is termination of private foundation?

The termination of a private foundation refers to the process by which the foundation ceases its operations and is legally dissolved, usually involving the distribution of its remaining assets and compliance with appropriate legal requirements.

Who is required to file termination of private foundation?

The board of directors or trustees of the private foundation is responsible for filing the termination paperwork, and this may also involve the foundation's legal representatives or authorized individuals.

How to fill out termination of private foundation?

To fill out the termination of a private foundation, one must complete the required IRS forms, typically Form 990-PF, including details about the foundation's activities, assets, liabilities, and how its remaining assets will be distributed.

What is the purpose of termination of private foundation?

The purpose of terminating a private foundation is to formally end its operations, settle its financial affairs, and ensure compliance with legal requirements regarding charitable distributions and tax obligations.

What information must be reported on termination of private foundation?

Key information to be reported includes the foundation's identification details, financial statements, a summary of activities, asset distribution plans, and compliance with any state and federal regulations.

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