Taxes on Failure to Distribute Income: Limits on distributable amount of split-interest trust
Generally, a private foundation does not have to distribute an amount greater than required for any tax year if for that year the entire corpus of the split-interest trust making distributions to the foundation had been taken into account by the foundation as an asset used in figuring minimum investment return.
Return to Life Cycle of a Private Foundation
Page Last Reviewed or Updated: 2013-04-30
