Rev. Rul. 77-7
Rev. Rul. 77-7; 1977-1 C.B. 354
DOCUMENT ATTRIBUTES
- Cross-Reference
26 CFR 53.4942(a)-3: Qualifying distributions defined.
- Code Sections
- LanguageEnglish
- Tax Analysts Electronic Citationnot available
Citations: Rev. Rul. 77-7; 1977-1 C.B. 354
In conjunction with a request for approval of a set-aside pursuant to section 4942(g)(2) of the Internal Revenue Code of 1954, a private foundation has asked whether the term "specific project" includes the accumulation of funds to endow a specific building project of an unrelated public charity.
Held, the term "specific project" as defined in section 53.4942(a)-3(b)(2) of the Foundation Excise Tax Regulations includes a project to be undertaken by a public charity unrelated to the private foundation making the set-aside.
DOCUMENT ATTRIBUTES
- Cross-Reference
26 CFR 53.4942(a)-3: Qualifying distributions defined.
- Code Sections
- LanguageEnglish
- Tax Analysts Electronic Citationnot available