On what grounds can a person be considered disqualified?

A disqualified person can be either an individual or a corporation, partnership, trust, or 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