Public charity definition

Public charity means an organization, usually nonprofit, that holds federal 501(c)(3) tax exempt status. Public charities are generally recognized as those organizations with broad based public support and active programs, for example, houses of worship, benevo- lence organizations, animal welfare agencies, and educational organi- zations.
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Public charity means an organization that has been designated as a public charity by the IRS.
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Public charity. MEANS A CORPORATION ORGANIZED UNDER § 21 501(C)(3) OF THE INTERNAL REVENUE CODE THAT IS NOT A PRIVATE FOUNDATION 22 WITHIN THE MEANING OF § 509(A) OF THE CODE.
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Examples of Public charity in a sentence

  • Public charity status is a more favorable tax status than private foundation status.

  • Public charity classification isa more favorable tax status than private foundation classification.

  • Public charity managers may also rely on the professional advice of certified public accountants or accounting firms with relevant tax law expert- ise, as well as independent appraisers or compensation con- sultants who perform such valuation services on a regular basis, are qualified to make valuations of the particular type of property or services involved, and who provide certifications regarding those qualifications.

  • Column (e) Predominant income.limited partnership, or a managing partnerColumn (e) Public charity status.

  • Public charity classification is a more favorable tax status than private foundation classification.

  • Public charity managers may also rely on the professional advice of certified public accountants or accounting firms with relevant tax law expert- ise, and independent appraisers or compensation consultants who perform such valuation services on a regular basis, are qualified to make valuations of the particular type of property or services involved, and who provide certifications regarding those qualifications.

  • Public charity status could mean thousands of dollars in tax breaks annually.

  • For governmental units, instrumentalities, and foreign governments that do not have a section 501(c) determination letter, leave blank.Column (e) Public charity status.

  • Public charity" has the same meaning as in section 194.[ 2001, c.

  • All requests regarding player eligibility, permission to play or similar requests MUST be submitted in writing a minimum of 48 hours PRIOR to fixture game start time.


More Definitions of Public charity

Public charity. Means a Charity described in any of the paragraphs of IRC § 509(a).
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Public charity means an organization, usually nonprofit, that holds federal 501(c)(3) tax exempt status. Public charities are generally recognized as those organiza- tions with broad based public support and active programs, for example, houses of worship, benevolence organizations, animal welfare agencies, and educational organizations.
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Public charity shall have the meaning ascribed to such term under Section 501(c)(3) of the Internal Revenue Code of 1986, as amended.
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Related to Public charity

  • Charity means a body which is either a “Scottish charity” within the meaning of section 13 of the Charities and Trustee Investment (Scotland) Act 2005 or a “charity” within the meaning of section 1 of the Charities Act 2011, providing (in either case) that its objects are limited to charitable purposes;

  • Public body means a devolved public body listed in Schedule 3 of the Ethical Standards in Public Life etc. (Scotland) Act 2000, as amended.

  • Certified registered nurse anesthetist means an advanced practice registered nurse who is certified

  • Public entity means this State, a political subdivision of this STATE or an agency, board, commission or department of this state or a political subdivision of this state.

  • Public corporation means a county, city, village, township, port district, drainage district, special assessment district, or metropolitan district of this state, or a board, commission, or another authority or agency created by or under an act of the legislature of this state.

  • Charitable gaming or "charitable games" means those raffles and games of chance explicitly