Pigeon, Inc., a 501(c)(3) organization, received support from the following sources. a. Regarding the tests for receiving broad public support, compute the following. Enter your amounts as percentages, rounded to one decimal place. External support test: X% Internal support test: X% c. Elena Mariez, Pigeon's treasurer, has asked you for advice on whether Pigeon is a private foundation. Complete a letter to Elena in which you address the issue. SWFT, LLP 5191 Natorp Boulevard Mason, OH 45040 February 25, 2023 Ms. Elena Mariez, Treasurer Pigeon, Inc. 250 Bristol Road Phoenix, AZ 85264 Dear Ms. Mariez: As you requested, I have outlined below my findings regarding the question of whether Pigeon, Inc. is a private foundation. For Pigeon classified as a private foundation, it must satisfy both an external support (i.e., broadly supported) test and an internal support test. The total support received by Pigeon is $310,800. To satisfy the external support test, more than of Pigeon's support normally must come from certain external sources. For Pigeon, this support amount is $ Thus, the external support test is To satisfy the internal support test, not more than of Pigeon's support normally must come from the entity's investments. For Pigeon, this includes gross investment income of Thus, the internal support test is If I can be of further assistance, please let me know. Sincerely, Sharon Boucher, CPA Pigeon, Inc., a 501(c)(3) organization, received support from the following sources. a. Regarding the tests for receiving broad public support, compute the following. Enter your amounts as percentages, rounded to one decimal place. External support test: X% Internal support test: X% c. Elena Mariez, Pigeon's treasurer, has asked you for advice on whether Pigeon is a private foundation. Complete a letter to Elena in which you address the issue. SWFT, LLP 5191 Natorp Boulevard Mason, OH 45040 February 25, 2023 Ms. Elena Mariez, Treasurer Pigeon, Inc. 250 Bristol Road Phoenix, AZ 85264 Dear Ms. Mariez: As you requested, I have outlined below my findings regarding the question of whether Pigeon, Inc. is a private foundation. For Pigeon classified as a private foundation, it must satisfy both an external support (i.e., broadly supported) test and an internal support test. The total support received by Pigeon is $310,800. To satisfy the external support test, more than of Pigeon's support normally must come from certain external sources. For Pigeon, this support amount is $ Thus, the external support test is To satisfy the internal support test, not more than of Pigeon's support normally must come from the entity's investments. For Pigeon, this includes gross investment income of Thus, the internal support test is If I can be of further assistance, please let me know. Sincerely, Sharon Boucher, CPA
