Resumen
This case study reviews the Anchor Foundation, a private 501(c)(3) foundation associated with the Socialist Workers Party (SWP), a small radical organization. Anchor Foundation made a major sale of real estate that was donated to the Foundation. The case raises issues under the tax rules covering private foundations of "disqualified persons," fiduciary duty of care, excessive compensation, disclosure of contributors, political expenditures, and disclosures in the Form 990s.