foundation manager
Defined in 1 place of the United States Code.
For purposes of this subchapter, the term "foundation manager" means, with respect to any private foundation—
Source
- 1994–present26 U.S.C. § 4946Internal Revenue Code · Definitions and special rules · for purposes of this subchapter
For purposes of this subchapter, the term “foundation manager” means, with respect to any private foundation—
(1) an officer, director, or trustee of a foundation (or an individual having powers or responsibilities similar to those of officers, directors, or trustees of the foundation), and
(2) with respect to any act (or failure to act), the employees of the foundation having authority or responsibility with respect to such act (or failure to act).
Source
- 201326 U.S.C. § 4946Internal Revenue Code · Definitions and special rules · for purposes of this subchapter