Tax990 Knowledge Base
Have questions? We've got you covered!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
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