To Be Classified as a Private Foundation, the Exempt Status

question 87

True/False

To be classified as a private foundation, the exempt status of an organization can be provided under either § 501(c) (1) or § 501(c)(3).

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Definitions:

Faultily Designed

Incorrectly or poorly planned and constructed, leading to inadequate performance or function.

Passive

Involves receiving or experiencing an action without actively participating or initiating it.

Subordinate Clause

A part of a sentence that cannot stand alone as a complete sentence because it does not express a complete thought.

Compound-complex Sentence

A sentence type that has at least two independent clauses and one or more dependent clauses, offering sophistication and nuance in writing.