On what grounds can a person be considered disqualified?
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Last modified 9/28/2020 7:51:10 AM EST |
Added by ExpressTaxExempt Team
Applicable To
990-PF
990-N
990-EZ
990
8868
1120-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
- Other Entities Owned by Disqualified Persons
- Government Officials