The Nonprofit FAQ

Do Foundations Ever Go Out of Existence?

The September 1999 issue of Foundation News and Commentary from the Council on Foundations described in detail the plans made by the Markey Foundation to close down, as directed by its founder, and to do it in an orderly way. See http://www.foundationnews.org/CME/article.cfm?ID=625 Planned Foundation Closure: The Lucille P. Markey Charitable Trust will be published in the fall of 1999 by the Council on Foundations. Order at www.cof.org or 888/239-5221 Posted 9/22/99; new COF URL 8/2/02 -- PB