RoundRock, Inc. is a qualifying § 501(c)(3) organization. Determine if RoundRock, Inc. is a public charity or a private foundation if RoundRock receives its support from the following sources:

Grants from Government Unit A   $18,000

General Public (for services rendered) $25,000

Gross Investment Income $ 8,000

Contributions from one Individual   $19,000

Answer rating: 100% (QA)

Meaning of Private foundations A private foundation is a nonprofit organization o... View the full answer