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(a) the sale or exchange of property;The absolute prohibition on self-dealing, with the limited carve outs noted above, such as payment of a reasonable salary from a private foundation to a disqualified person, applies even if the transaction between the private foundation and disqualified person is reasonable and at arm's length. A disqualified person, for purposes of applying self-dealing rules, includes a substantial contributor to the foundation, a foundation manager and certain entities that have an interest in a disqualified person or are owned by a disqualified person. The spouse of a disqualified person, as well as the disqualified person's ancestors, descendants and the spouses of any descendants, will also be considered disqualified. Sec. 4946. Whether a person is in a position to exercise substantial influence is determined by the facts and circumstances of the situation. Reg. 53.4946-1.
(b) leasing of property (unless from a disqualified person to a private foundation without charge);
(c) lending of money (unless by disqualified person to a foundation if the loan is without interest and the loan proceeds are used exclusively for charitable purposes);
(d) furnishing of goods, services or facilities (other than (i) furnishing goods, services or facilities without charge and (ii) if from the foundation to disqualified person, on a basis no more favorable than made available to the general public);
(e) payment of compensation or reimbursement of expenses (other than reasonable salary);
(f) transfer or use of assets or income of the foundation by or for the benefit of a disqualified person (e.g., satisfaction of charitable pledges or purchase of tickets and tables at charitable functions). Reg. 53.4941(d)-2.