Is foundation taxable entity?

I think this s kind of ambiguous. Is foundation a taxable entity? Yes or No? I know some of them are, some of them not, tax rate is very low, but again, can I say, “Foundation is same as endowment, tax free, blar blar blar…”

no bro

not taxable as long as they meet their annual distribution requirement

Typically tax free as long as they meet a spending hurdle.

Minimum spending rate applies to private foundations.

The Schweser content is incomplete on the issue of Private Foundations and Taxation. You need to re-read the CFAI text on this one. No one here has given you the right answer.