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:

Fetal Organs

The organs inside a fetus that develop during pregnancy, crucial for life support upon birth.

First Trimester

The initial stage of pregnancy that spans from conception to 12 weeks, during which vital development such as implantation, placenta formation, and organ development occurs.

Developing Fetus

A term referring to an embryo that has reached a stage of development where it possesses recognizable human features, often considered to be after the first trimester of pregnancy.

Newborns

Infants in their first few weeks of life, characterized by rapid physical and neurological development and high dependency on caregivers.