On what grounds can a person be considered disqualified?
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Last modified 6/4/2020 7:06:58 AM EST |
Added by ExpressTaxExempt Team
Applicable To
990-PF990-N990-EZ99088681120-POL
A disqualified person can be either an individual or a corporation, partnership, trust, estate with one or more particular relationships with a private company.
The following persons are considered disqualified persons for a private foundation:
All substantial contributors to the foundation
All managers of the foundation
Owners of businesses that are substantial contributors to the foundation.
Family members
Corporations and partnerships owned by Other Disqualified Persons
