### Question
How does the law define substantial contributor?


### Answer
Under *26 U.S.C. § 507*, **substantial contributor** is defined as:

> any person who contributed or bequeathed an aggregate amount of more than $5,000 to the private foundation, if such amount is more than 2 percent of the total contributions and bequests received by the foundation before the close of the taxable year of the foundation in which the contribution or bequest is received by the foundation from such person

#### Citation:
  - *26 U.S.C. § 507*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter F-Exempt Organizations > PART II-PRIVATE FOUNDATIONS**

