For example, X was an exempt private foundation on October 9, 1969. It was later determined that, as of July 1, 1972, X was no longer a section 501(c)(3) organization because its governing instrument did not contain required provisions. X will continue to be treated as a private foundation after July 1, 1972, unless its status as such is terminated under section 507. Return to Life Cycle of a Private Foundation
