Is foundation taxable entity? foundation

cjs238

I think this s kind of ambiguous. Is foundation a taxable entity? Yes or No?

I know some of them are, some of them not, tax rate is very low, but again, can I say, "Foundation is same as endowment, tax free, blar blar blar....."

bpdulog

not taxable as long as they meet their annual distribution requirement

cityboy

Typically tax free as long as they meet a spending hurdle.