### Question
How is the term qualified grant defined?


### Answer
The term **qualified grant** is defined in *26 U.S.C. § 4942* as the following:

> any contribution, gift, or grant which is a qualifying distribution

#### Citation:
  - *26 U.S.C. § 4942*
  - Heading: **Subtitle D-Miscellaneous Excise Taxes > CHAPTER 42-PRIVATE FOUNDATIONS; AND CERTAIN OTHER TAX-EXEMPT ORGANIZATIONS > Subchapter A-Private Foundations**

