Which of the following § 501(c)(3)exempt organizations is appropriately classified as a private foundation?
A)Cincinnati Memorial Hospital.
B)University of Arizona.
C)Bill and Melinda Gates Foundation.
D)United Fund.
E)All of the above.

Question

Quizplus · Accepted Answer

Only § 501(c)(3)organizations can be classified as private foundations.However,certain § 501(c)(3)organization such as hospitals (option a.)and educational institutions (option b.)are statutorily excluded from being classified as a private foundation.In addition,exempt organizations that are broadly supported by the general public are excluded from the classification (option d.).

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