The book Marcus Aurelius: A Biography (2000) by Anthony R. Birley will be used to illustrate some points. Marcus Aurelius: The Philosopher-Emperor of Rome Imperator Caesar Marcus Aurelius Antoninus Augustus (April 26, 121 â March 17, 180) was Roman Emperor in the second century AD. He is considered to be the last of the so called Five Good Emperors who ruled Rome at the height of Roman power.
Despite whether a private foundation is. organized as a trust or a corporation, each. private foundation will qualify as one of. the three basic types of private founda-. tions, a private operating foundation, an. exempt operating foundation, or a grant-. making foundation.
Thus, it is subject to the private foundation excise tax provisions and the other provisions that apply to exempt private foundations, including termination requirements and governing instrument requirements. HowÂ­ever, a charitable trust is not treated as a chariÂ­table organization for purposes of exemption from tax. Accordingly, the trust is subject to the excise tax on its investment income under the rules that apply to taxable foundations rather than those that apply to tax-exempt foundations.