Which of the following § 501(c)(3) exempt organizations is appropriately classified as a private foundation?
A)First Methodist Church.
B)University of Richmond.
C)Williamsburg Community Hospital.
D)Salvation Army.
E)None of the above.

Question

Quizplus · Accepted Answer

Private foundations are typically created and funded by a single individual, family or corporation, while public charities are supported by a larger donor base. None of the options listed fit the characteristics of a private foundation, therefore E is the correct answer.

Which of the Following § 501(c)(3) Exempt Organizations Is Appropriately