Which of the Following Statements Regarding a Private Foundation Is

question 140

Multiple Choice

Which of the following statements regarding a private foundation is not correct?

• A) Only certain exempt organizations are classified as private foundations.
• B) A donor who makes a contribution to a private foundation has identical tax consequences as a donor who makes a contribution to a public charity.
• C) A private foundation may be subject to certain excise taxes because it is a private foundation.
• D) A church is not a private foundation.
• E) All of the statements are correct.

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A branch of Christianity based in the Vatican and led by the Pope, characterized by its liturgical traditions and doctrines.

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