To Satisfy the Broadly Supported Provision to Avoid Classification as a Private

question 78

True/False

To satisfy the broadly supported provision to avoid classification as a private foundation, the exempt organization must satisfy both an external support test and an internal support test. Under the internal support test, more than one- third of the exempt organization's support for the taxable year must come from gross investment income and unrelated business taxable income.

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Definitions:

Positive Messages

Communications that convey good news, positive feedback, or constructive information.

Audience Compliance

The degree to which a target audience adheres to or follows the directives, suggestions, or instructions provided by a communicator.

Main Idea

The central or most important concept, point, or message that an author or speaker intends to convey.

Justification

The reasoning behind an action or statement that explains why it is reasonable or necessary.