Who is considered a disqualified person?
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Last modified 12/26/2023 4:38:24 AM EST |
Applicable To
990-PF
990-N
990-EZ
990
8868
1120-POL
A disqualified person can be an essential contributor, a foundation manager, a person who owns more than 20% of the corporation, or a family member of any of those people who makes all contributions for a private foundation.
If you own the organization and make all the contributions to the organization by yourself, you are considered a disqualified person.