26 USC 4944 - Taxes on investments which jeopardize charitable purpose

U.S Code last checked for updates: Jan 18, 2025

§ 4944.

Taxes on investments which jeopardize charitable purpose

(a)

Initial taxes

(1)

On the private foundation

(2)

On the management

(b)

Additional taxes

(1)

On the foundation

(2)

On the management

(c)

Exception for program-related investments

(d)

Special rules

For purposes of subsections (a) and (b)—

(1)

Joint and several liability

(2)

Limit for management

(e)

Definitions

For purposes of this section—

(1)

Taxable period

The term “taxable period” means, with respect to any investment which jeopardizes the carrying out of exempt purposes, the period beginning with the date on which the amount is so invested and ending on the earliest of—

(A)

the date of mailing of a notice of deficiency with respect to the tax imposed by subsection (a)(1) under section 6212,

(B)

the date on which the tax imposed by subsection (a)(1) is assessed, or

(C)

the date on which the amount so invested is removed from jeopardy.

(2)

Removal from jeopardy

(Added Pub. L. 91–172, title I, § 101(b), Dec. 30, 1969, 83 Stat. 511; amended Pub. L. 94–455, title XIX, § 1906(b)(13)(A), Oct. 4, 1976, 90 Stat. 1834; Pub. L. 96–596, § 2(a)(1)(E), (2)(D), (3)(D), Dec. 24, 1980, 94 Stat. 3469–3471; Pub. L. 109–280, title XII, § 1212(d), Aug. 17, 2006, 120 Stat. 1074.)

cite as: 26 USC 4944