If your organization was a private foundation on October 9, 1969, or becomes a private foundation on any later date, it will be treated as a private foundation for all periods after that time unless its status is terminated under section 507. Thus, if a section 501(c)(3) organization was a private foundation on October 9, 1969, it will be treated as a private foundation for all periods thereafter, even though it is also exempt under some other paragraph of section 501(c). Return to Life Cycle of a Private Foundation
