A private foundation has asked if compensation paid to its two individual trustees for personal services rendered on its behalf would constitute a prohibited act of self-dealing. The foundation makes direct grants to public charities, private operating foundations and other qualifying 501(c)(3) organizations.ul. 200135047, the Service has ruled that compensation for personal services rendered by individual trustees on behalf of a private nonoperating foundation, based on a percentage of assets under management, will not be a prohibited act of self-dealing if such compensation is not excessive.. Published in Sep 2001.
Definition of 'Expense Ratio'. Definition: Expense ratio is the fee charged by the investment company to manage the funds of investors. Description: All the investment companies incur cost for operating mutual funds and they charge a percentage of asset funds to cover the expenses.
operating expense ratio noun [S]. âº the ârelationship between âoperating âexpenses and âgross âincome. (Definition of operating expense ratio from the Cambridge Business English Dictionary Â© Cambridge University Press).perating expense ratio noun [S]. âº the ârelationship between âoperating âexpenses and âgross âincome. (Definition of operating expense ratio from the Cambridge Business English Dictionary Â© Cambridge University Press).