On what grounds can a person be considered disqualified?
1.6k views | Last modified 9/28/2020 7:51:10 AM EST | Added by ExpressTaxExempt Team

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