TY 2021 IRS 990 e-File Render

efile Public Visual Render ObjectId: 202300489349100230 - Submission: 2023-02-17 TIN: 95-4259961

TY 2021 IRS 990 e-File Render

Name:

THE STANLEY & JOYCE

BLACK FAMILY FOUNDATION

EIN:

95-4259961

Identifier	Return Reference	Explanation
	FORM 990-PF PART VII-B; QUESTIONS 1A(3) AND 1B	PURSUANT TO I.R.C. SECTION 4941(D)(2)(E) EXCEPT IN THE CASE OF A GOVERNMENT OFFICIAL (AS DEFINED IN SECTION 4946(C)), THE PAYMENT OF COMPENSATION (AND THE PAYMENT OR REIMBURSEMENT OF EXPENSES) BY A PRIVATE FOUNDATION TO A DISQUALIFIED PERSON FOR PERSONAL SERVICES WHICH ARE REASONABLE AND NECESSARY TO CARRYING OUT THE EXEMPT PURPOSE OF THE PRIVATE FOUNDATION SHALL NOT BE AN ACT OF SELF-DEALING IF THE COMPENSATION (OR PAYMENT OR REIMBURSEMENT) IS NOT EXCESSIVE. BLACK EQUITIES IS OWNED BY A DISQUALIFIED PERSON, THEREBY MAKING IT A DISQUALIFIED PERSON. BLACK EQUITIES PROVIDES MANAGEMENT SERVICES TO THE STANLEY & JOYCE BLACK FAMILY FOUNDATION (THE "FOUNDATION"). THE SERVICES PERFORMED ARE REASONABLE AND NECESSARY FOR CARRYING OUT THE FOUNDATION'S EXEMPT PURPOSES AND THE AMOUNT PAID BY THE FOUNDATION FOR SUCH SERVICES IS NOT EXCESSIVE. THE PAYMENT OF SUCH COMPENSATION TO BLACK EQUITIES SHALL NOT CONSTITUTE AN ACT OF SELF-DEALING.