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Statutory exceptions - indirect self-dealing - private foundations

A transaction involving a disqualified person in which a private foundation is not a party is not considered indirect self-dealing if it is described under Exceptions to Self-Dealing as a transaction in which a private foundation could itself engage.

For example, even if a private foundation controls a corporation, the corporation may pay a disqualified person (except a government official) reasonable compensation for personal services.


Return to Life Cycle of a Private Foundation

 

Page Last Reviewed or Updated: 13-Oct-2016