Private foundation means a tax exempt corporation described in section 501(c)(3) of the internal revenue code of 1986, 26 USC 501, that is classified as a private foundation under section 509(a) of the internal revenue code of 1986, 26 USC 509.
Private foundation means "private foundation" as defined in the Income Tax Act(Canada) as amended from time to time;
Private foundation means a private foundation as defined in Section 509 of the
Examples of Private foundation in a sentence
If at any time the Company shall be deemed to be a Private Foundation within the meaning of the Code and notwithstanding any other provision of this Article to the contrary, the Company shall not engage in any act of self-dealing as defined in Section 4941(d) of the Code or any successor provision thereto.
More Definitions of Private foundation
Private foundation means a charitable foundation that is not a public foundation;
Private foundation means a foundation as defined in article 31B of the Second Schedule of the Civil Code.
Private foundation means "private foundation" as defined in the Income Tax Act
Private foundation means “private foundation” as defined in the Tax Act; (oo) "Public Foundation" means “public foundation” as defined in the Tax Act; (pp) "Registered Charity" means “registered charity” as defined in the Tax Act;
Private foundation means the legal entity, defined in section 60.3, established and registered under this Law;
Private foundation is defined in Section 2.12.
Private foundation means a foundation which is established for the private interest or benefit of a named person or a class of persons who are natural persons. For the avoidance of doubt, the term "private foundation" shall have the meaning herein attributed to it and not the meaning attributed to it in the Second Schedule;