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Use Caution When Making Grants That Could Benefit Disqualified Persons  


Author:  Katherine E. David.


Source: Volume 15, Number 05, July/August 2016 , pp.5-6(2)




Family Foundation Advisor

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Abstract: 

In PLR 200644038, the IRS ruled that the grant would not constitute self-dealing provided that the grant funds would be used exclusively for a particular program and not for general operating expenses, compensation for a disqualified person, or for a program or activity in which a disqualified person is expected to participate as a beneficiary.

Keywords: PLR 200644038; Ancillary Benefit Problem; Rev. Rul. 77-160

Affiliations:  1: Strasburger & Price, LLP.

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