The term indirect self-dealing does not include any transaction between (1) a disqualified person and an organization controlled by a private foundation or (2) between two disqualified persons when the foundation's assets may be affected by the transaction if: The transaction arises in the normal and customary course of a retail business engaged in with the general public, In a transaction between a disqualified person and an organization controlled by a private foundation, the transaction is at least as favorable to the organization controlled by the foundation as an arm's length transaction with an unrelated person, and The total amounts involved in all these transactions with any one disqualified person in any one tax year is no more than $5,000. Return to Life Cycle of a Private Foundation
