acc 317 chap 23 homework g

As you requested, I have determined whether Pigeon, Inc., is a private foundation for the prior year. Pigeon is not a private foundation.


For Pigeon not to be classified as a private foundation, it must satisfy both an external support (i.e., broadly supported) test and an internal support test. The total support received by Pigeon is $310,800. To satisfy the external support test, more than one-third of Pigeon’s support must normally come from certain external sources. For Pigeon, this includes the following.


Governmental unit A for services rendered            $   6,300

Governmental unit B for services rendered         4,500

General public for services rendered      75,000

Contributions from other than disqualified persons           160,000

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