A bill to extend for an additional period the existing tax treatment of certain activities of certain private foundations.

[AI summary unavailable — showing source text] Exempts trustee services by tax exempt foundations for disqualified persons from excise tax treatment as self-dealing where: (1) the service is pursuant to an irrevocable trust established before October 9, 1969; (2) the foundation's chartering State forbids it from acting as a trustee where it has no beneficial interest; (3) the foundation receives reasonable compensation for its services; and (4) the disqualified person's status as such arises solely from the trust instrument.…