When you dissolve your foundation, you should notify the IRS so that we will no longer expect you to file annual returns. To do this, send a letter to EO Determinations. The following items must be submitted with the request:
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One of the following:
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Minutes of the meeting where the vote was taken to dissolve (signed and dated by an officer)
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For a trust, resolution to dissolve (signed and dated by a trustee)
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A list of the last set of officers or trustees and their daytime telephone numbers,
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A statement signed by an officer giving details on final distribution of assets
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Consent to extend the assessment period for all years in the termination period to four years, four months, and fifteen days after the end of the last year in the sixty-month termination period.
When you file your final annual return (Form 990-PF), you should check the Final Return box in the header area on page 1 of the return. Also consider the special rules that apply to termination of a private foundation.
You may also want to request a private letter ruling or determination letter on the tax consequences of dissolving.
Additional information
Administrative reinstatement of corporate charter - new exemption application not required
Return to Life Cycle of a Private Foundation
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