Self Dealing: Transactions involving securities acquired by a private foundation before May 27, 1969

Any transaction between a private foundation and a corporation that is a disqualified person will not be an act of self-dealing if:

1. The transaction is under the terms of securities of the corporation;
2. The terms existed when the foundation acquired the securities; and
3. The foundation acquired the securities before May 27, 1969.

Return to Lifecycle of a private foundation