Certain transactions involving limited amounts not indirect self-dealing with private foundation
The term indirect self-dealing does not include any transaction between (1) a disqualified person and an organization controlled by a private foundation or (2) between two disqualified persons when the foundation's assets may be affected by the transaction if:
- The transaction arises in the normal and customary course of a retail business engaged in with the general public,
- In a transaction between a disqualified person and an organization controlled by a private foundation, the transaction is at least as favorable to the organization controlled by the foundation as an arm's length transaction with an unrelated person, and
- The total amounts involved in all these transactions with any one disqualified person in any one tax year is no more than $5,000.