T.C. Memo. 1999-166 UNITED STATES TAX COURT TAMAKI FOUNDATION, Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent Docket No. 23089-96X. Filed May 18, 1999. William J. Tully (an officer), for petitioner. Kirk M. Paxson, for respondent. MEMORANDUM OPINION LARO, Judge: Petitioner petitioned the Court to declare whether petitioner qualifies for exempt status under section 501(c)(3). See sec. 7428. The parties dispute whether petitioner meets the operational test of section 1.501(c)(3)-1, Income Tax Regs. We hold it does not. Unless otherwise stated,Page: 1 2 3 4 5 6 7 8 9 10 11 12 13 Next
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