Charitable Purpose Sample Clauses

Charitable Purpose. The University shall use the Contributed Amount solely for the Program Activities, which is a charitable purpose described in section 170(c)(2)(B) of the Code. The University shall not use the Contributed Amount to influence legislation as described in section 4945(d)(1) of the Code, to influence the outcome of any election, for a political campaign or intervention, to carry on any voter registration drive, or any other purpose that would jeopardize the Donor’s tax-exempt status or subject the Donor to penalties under Chapter 42 of the Code.
Charitable Purpose. The Foundation is making the Foundation Investment as a “program-related investment” within the meaning of Section 4944(c) of the Code. The Foundation is committed to accelerating the development of lifesaving and low-cost drugs, therapeutics, diagnostics, and prophylactics to reduce the burden of disease in developing countries in furtherance of its mission to help all people lead healthy, productive lives. The Foundation’s primary purpose in making the Foundation Investment is to secure Global Access to new, low-cost products and services developed through the use of the Company’s proprietary capabilities and intellectual property, including in respect of the development, manufacturing, commercialization and distribution of (a) diagnostic tests, (b) integrated point-of-care diagnostic platforms, and (c) connected health IT and care solutions in furtherance of the Foundation’s charitable mission (collectively, the “Charitable Purpose”). In furtherance of the Charitable Purpose, the Foundation Investment will secure the Global Access Commitments described below.
Charitable Purpose. Participant acknowledges and agrees that the University’s Athletic Facilities are devoted to use for educational and related charitable purposes. Participant acknowledges and agrees that the University is allowing Participant to use its Athletic Facilities connection with its charitable mission and that Participant is a beneficiary of this mission.
Charitable Purpose. In no case shall the Executive Committee take any action that would be deemed to cause either Project to be operated in a manner other than exclusively for charitable purposes consistent with Section 501(c)(3) of the Tax Code.
Charitable Purpose. The purposes for which the corporation is formed are those set forth in its Articles of Incorporation, which are to promote and encourage youth cheer leading. To serve young people and their families by providing a safe and positive environment for individuals to maximize their potential. FYCL inspires our athletes to learn lifelong lessons in leadership, teamwork, loyalty, and helping others. We strive to provide opportunities for all participants to develop individual skills and abilities while being a contributing member of a team. It is important that we provide a way for our athletes to build lasting friendships, make great memories, and most importantly; to have fun! This corporation may also make grants, gifts, and donations to other organizations exempt from taxation under 501 (c) (3) of the Internal Revenue Code for similar educational and charitable purposes.
Charitable Purpose includes relief of the poor, education, medical relief and any other object of general public utility. These activities are tax exempt, as they should be. However, some entities carrying on regular trade, commerce or business or providing services in relation to any trade, commerce or business and earning incomes have sought to claim that their purposes would also fall under "charitable purpose". Obviously, this was not the intention of Parliament and, hence, I propose to amend the law to exclude the aforesaid cases. Genuine charitable organisations will not in any way be affected.
Charitable Purpose. Nothing in this Agreement shall be interpreted to require United Way to distribute funds to Agency for any purpose.
Charitable Purpose. Grantee agrees to use the funds only for the purposes described in this Agreement, and to so designate the funds in Grantee’s records. Grantee further agrees to use the funds only for charitable purposes as defined from time to time by Internal Revenue Code Section 501(c)(3) and equivalent provisions of applicable state law, and not to use the funds in violation of the provisions of the Internal Revenue Code governing grantees of private foundations.
Charitable Purpose. It is the intent of the parties that this Agreement and the contributions contemplated hereby shall for all purposes be treated as a charitable contribution made to an organization organized and operated under Section 501(c)(3) of the Code. It is intended that the charitable contributions made by this Agreement be used for charitable, educational or scientific purposes as permitted to an organization organized and operated under Section 501(c)(3) of the Code.
Charitable Purpose. The relief of poverty, the advancement of education, the promotion of health, and the promotion of any other purpose, the achievement of which is beneficial to the community. It expressly includes those purposes set out hereinabove, as well as others which qualify under the applicable provisions of federal and state laws.