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.

Question

Quizplus · Accepted Answer

To avoid classification as a private foundation, an exempt organization must satisfy both the external support test and the internal support test, which are designed to ensure that the organization receives a significant portion of its support from the general public or government units.

An Exempt Organization Can Avoid Classification as a Private Foundation