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The Nonprofit FAQ > Organization >

Do Foundations Ever Go Out of Existence? Some are set up that way by the founders. The Markey Foundation produced a handbook on the process of dissolution - From Foundation News and Commentary.
What happens when nonprofits go out of business? A plan of dissolution is supposed to be filed. Often that doesn't happen. Assets must be passed on to another organization with a similar purpose.
Resources for Understanding Nonprofit Mergers Here's a link to a page with references on this topic.
Can we re-incorporate in another state? Although the organization may feel it is just a formality when the state of incorporation is changed, in fact one organization has gone out of existence and a new one has been formed. New standing with the IRS is necessary.
'Milestones' in the Life of a Nonprofit The IRS and the UK Charities Commission have brief guides to starting, operating, and closing down a community-service organization or charity.
Can a nonprofit declare bankruptcy? Yes. This item includes references to several discussions of the question from a variety of sources.

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