Charitable Deductions Sample Clauses
The Charitable Deductions clause defines how donations or contributions made to qualified charitable organizations are treated for tax or accounting purposes within the agreement. Typically, this clause outlines the eligibility criteria for deductions, such as requiring that the recipient organization has recognized tax-exempt status, and may specify documentation or reporting requirements for substantiating the deduction. Its core practical function is to ensure that parties understand the conditions under which charitable contributions can be deducted, thereby promoting compliance with tax laws and providing clarity on the financial implications of such donations.
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Charitable Deductions. The Board agrees to deduct charitable contributions from employees' salaries only for charity fund drives approved by the Association and the Board when the employee has duly authorized such deductions and has voluntarily determined the amount of such a contribution. No school or individual quotas will be established.
Charitable Deductions. The City agrees to deduct from employees giving written authorization any monies for the City-sponsored Charitable Deduction Programs and remit such withholdings to the proper authorities.
Charitable Deductions. The Donor and the Foundation intend that federal income, gift, and estate tax charitable deductions shall be allowed to all individual donors to this Fund and to their respective estates and that the Foundation shall continue to qualify as an organization described in Sections 170(b)(1)(A) (vi), 170(c), 2055(a), and 2522(a) of the Internal Revenue code of 1986. This Agreement shall be construed and applied so as to comply with the requirements of federal tax law for allowance of such charitable deductions and for such qualifications.
Charitable Deductions. It is intended that the Community Foundation qualify as a public charity described in Section 501(c)(3) of the Internal Revenue Code, contributions to which are deductible for income, gift, and estate tax purposes. This Agreement shall be construed and applied so as to comply with the requirements of federal tax law for allowance of such charitable deductions and for such qualifications.
Charitable Deductions. The Board agrees to administer payroll deductions for any employee who wishes to contribute to an employee who has exhausted all of his/her accumulated sick leave. Deductions may also be forwarded to the East ▇▇▇▇▇▇ Employee Foundation to help with the Sick Leave Assistance Program.
Charitable Deductions. TSDF has provided no advice or assurance to Project Proponent as to the tax treatment of the amounts deposited in the Fund by Project Proponent. Project Proponent has been advised and given the opportunity to seek independent advice as to such tax treatment.
Charitable Deductions. It is intended by the Donor(s) and by OJCF that federal gift, income, and estate tax charitable deductions will be allowed to Donor(s) and to Donor(s)’s estate and that OJCF will continue to qualify as an organization described in Sections 170(b)(1)(A)(vi), 170(c), 2055(a), and 2522(a) of the Internal Revenue Code of 1986, as amended.
Charitable Deductions. It is intended by Founders and by TSDF that federal gift, income and estate tax charitable deductions shall be allowed to Founders and to Founders’ estate and that TSDF shall continue to qualify as an organization described in Sections 170(b)(1)(A)(vi), 170(c), 2055(a), and 2522(a) of the Internal Revenue Code of 1986.
Charitable Deductions. TSDF has provided no advice or assurance to Founder as to the tax treatment of the amounts deposited in the Fund. Founder has been advised and given the opportunity to seek independent advice as to such tax treatment.
Charitable Deductions. The City shall deduct charitable contributions periodically when authorized by employees and the City Manager.