Blue,Inc. ,receives its support from the following sources. Which of the following statements is correct?
A)Blue,Inc. ,is a private foundation because it satisfies the external support test and fails the internal support test.
B)Blue,Inc. ,is not a private foundation because it fails both the internal and external support tests.
C)Blue,Inc. ,is a private foundation because it satisfies both the external support test and the internal support test.
D)Blue,Inc. ,is not a private foundation because it satisfies both the external support test and the internal support test.
E)None of the statements is true.

Question

Blue,Inc. ,receives its support from the following sources.  Which of the following statements is correct?
A)Blue,Inc. ,is a private foundation because it satisfies the external support test and fails the internal support test. 
B)Blue,Inc. ,is not a private foundation because it fails both the internal and external support tests. 
C)Blue,Inc. ,is a private foundation because it satisfies both the external support test and the internal support test. 
D)Blue,Inc. ,is not a private foundation because it satisfies both the external support test and the internal support test. 
E)None of the statements is true.

Quizplus · Accepted Answer

Blue,Inc. ,is not a private foundation because it satisfies both the external support test and the internal support test. To qualify as a private foundation, an organization has to fail one of the two tests. However, since Blue,Inc. ,satisfies both tests, it does not meet the definition of a private foundation.

Blue,Inc ,Receives Its Support from the Following Sources