Do Foundations Ever Go Out of Existence?

Summary:

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.

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