An Exempt Organization Can Avoid Classification as a Private Foundation

question 128

Multiple Choice

An exempt organization can avoid classification as a private foundation if it is broadly publicly supported.To be broadly publicly supported, which of the following is required?

• A)The exempt organization does not receive support from a feeder organization.
• B)An external support test is satisfied.
• C)An internal support test is satisfied.
• D)Only b.and c.must be satisfied.
• E)a., b., and c.must be satisfied.

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Definitions:

Ownership Interest

Refers to the legal rights and claims an individual or entity has over a property or asset.

Ethical Reasoning

The process of evaluating what is right or wrong in a moral sense and making decisions based on ethical principles.

Relevant Stakeholders

Individuals or groups who may be affected by or have an interest in a particular decision or action within a business or project.

Legal

Legal pertains to matters related to laws, the system of rules that are created and enforced through social or governmental institutions to regulate behavior.