Charitable entity definition

Charitable entity means a corporation, trust, community chest, fund, foundation, or other entity organized for scientific, educational, philanthropic, or environmental purposes, social welfare, the arts and humanities, or another civic or public purpose described by Section 501(c)(3) of the Internal Revenue Code of 1986 (26 U.S.C. 501(c)(3)).
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Charitable entity means an entity registered as a charity under the Charities Act or any equivalent legislation in any other jurisdiction;
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Charitable entity means one or more private tax exempt foundations established by the Stockholder, other entities selected by the Stockholder which are exempt from tax pursuant to Section 503(c) of the Internal Revenue Code, or are foreign charitable or educational institutions, and one or more trusts or other entities established by the Stockholder, exclusively for the benefit of some or all of the foregoing.
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Examples of Charitable entity in a sentence

  • The Wellington Museums Trust Incorporated (the Trust) is registered as a Charitable entity under the Charities Act 2005 and domiciled in New Zealand.

  • It enables, in particular, Te Kapu O Waitaha to review the performance of Waitaha Charitable Trust for the use of resources and powers, as a Charitable entity.

  • It is hoped that New Zealand will consider and adopt an equivalent mechanism.https://www.bcorporation.com.au/legal-requirement9Purpose-driven structures for Impact Entrepreneurs in Aotearoa New Zealand:Considering Kaitiakitanga and Steward Ownership Charitable entity In New Zealand it is possible for impact-driven entrepreneurs to choose a charitable overlay to their legal entity.

  • Money does not burn holes in pockets, but problematic acquisitions can be a perma- nent drain.We will stay alert and, should suitable opportunities arise, we will be in a position to act.

  • If the DGR trust or Charitable entity requires grant recipients to sign a grant agreement setting out conditions or obligations, beyond the standard conditions the ATO has agreed to, then GST will be payable by the grant recipient.Freehills has a paper on GST and Grants, with a sample grant agreement without GST.

  • It may be possible to make grants from the Charitable entity for charitable purposes to an entity which is not charitable but extreme care must be taken – see section 4.2.

  • If after obtaining all the above information and analysis, Charitable entity decides to make the grant for charitable purposes, then it must specify and limit in writing the purposes of the grant in the grant agreement or terms of the grant.

  • The financial statements presented here are for Badminton Canterbury Incorporated, a Charitable entity under the Charities Act 2005.

  • Section 50-52 requires the fund to be endorsed by the ATO.Section 50-60(a) applies to Charitable entity which requires Charitable entity to pursue its charitable purposes solely in Australia.Taxation rulingsTR 2005/21: This detailed ruling explains the ATO’s interpretation of the meaning of charitable purposes and is a useful reference.

  • The primary advantage for a business is the ability to centralise its grant making and for the responsibility, including administration, to be with the Foundation.Businesses will generally provide a sponsorship grant to the Charitable entity as this entity gives greater flexibility as to recipients of grants from the Charitable entity.


More Definitions of Charitable entity

Charitable entity means any organization, foundation, impact investing enterprise, public benefit entity or similar entity whose primary purpose is to preserve the natural environment, combat climate change or support any other environmental, educational or charitable cause.
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Charitable entity means an entity that is registered as a charitable entity under the Charities Act 2005
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Charitable entity means any nonprofit limited liability
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Related to Charitable entity

  • Charitable means for a benevolent purpose, including environmental, health, educational, humane, patriotic, scientific, artistic, social welfare, and civic.

  • Charitable purpose means a charitable purpose under section 7 of the Charities and Trustee Investment (Scotland) Act 2005 which is also regarded as a charitable purpose in relation to the application of the Taxes Acts;

  • Charitable purposes means the relief of poverty; the improvement of health through the alleviation of illness, disease, or injury; the operation of an organization exclusively for the provision of professional, laundry, printing, and purchasing services to hospitals or charitable institutions; the operation of a home for the aged, as defined in section 5701.13 of the Revised Code; the operation of a radio or television broadcasting station that is licensed by the federal communications commission as a noncommercial educational radio or television station; the operation of a nonprofit animal adoption service or a county humane society; the promotion of education by an institution of learning that maintains a faculty of qualified instructors, teaches regular continuous courses of study, and confers a recognized diploma upon completion of a specific curriculum; the operation of a parent-teacher association, booster group, or similar organization primarily engaged in the promotion and support of the curricular or extracurricular activities of a primary or secondary school; the operation of a community or area center in which presentations in music, dramatics, the arts, and related fields are made in order to foster public interest and education therein; the production of performances in music, dramatics, and the arts; or the promotion of education by an organization engaged in carrying on research in, or the dissemination of, scientific and technological knowledge and information primarily for the public.

  • Charitable trust means any trust provided for in Section 8.2(a)(ii) and Section 8.3(a).

  • Charitable Institution shall refer to an organization described in section 501(c)(3) of the Code (or any corresponding provision of a future United State Internal Revenue law) which is exempt from income taxation under section 501(a) thereof; and (iii) “presumptive remaindermen” shall refer to those Persons entitled to a share of a trust’s assets if it were then to terminate.

  • Charitable organization means a charitable organization as described by Section 501(c)(3) of the Internal Revenue Code of 1986, as in effect from time to time.

  • Charitable contribution means any donation or gift of money or any other thing of value.

  • Nonprofit entity means any entity organized and operated exclusively for charitable purposes, or operated by the Federal Government, the State, or any political subdivision of the State.

  • Charitable Trustee means each Person, unaffiliated with the Trust and a Prohibited Owner, that is appointed by the Trust from time to time to serve as a trustee of a Charitable Trust as provided by Section 8.3(a).

  • Charitable sales promotion means an advertising or sales campaign, conducted by a commercial co-venturer, which represents that the purchase or use of goods or services offered by the commercial co-venturer will benefit, in whole or in part, a charitable organization or purpose.

  • Charitable Beneficiary means one (1) or more beneficiaries of the Trust as determined pursuant to Section 5.9(iii)(f), provided that each such organization must be described in Section 501(c)(3) of the Code and contributions to each such organization must be eligible for deduction under each of Sections 170(b)(1)(A), 2055 and 2522 of the Code.

  • Outside Entity means any:

  • Qualified nonprofit organization means, with respect to a Project, an organization exempt from federal income tax under Section 501(c) (3) or (4) of the Internal Revenue Code, which is not and during the Compliance Period will not be affiliated with or controlled by a for-profit organization, whose exempt purposes include the fostering of low income housing, which owns an interest in the Project, which will materially participate in the development and operation of the Project throughout the Compliance Period, and which is not affiliated with or controlled by a for-profit organization.

  • Eligible entity means a political subdivision that has:

  • Nonprofit means a nonprofit corporation as defined and established through

  • 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 2006, providing (in either case) that its objects are limited to charitable purposes;

  • Religious organization means a church, ecclesiastical corporation, or group, not organized for pecuniary profit, that gathers for mutual support and edification in piety or worship of a supreme deity.

  • Nonresident unincorporated business entity means an unincorporated business entity not having an office or place of business within the Municipality.

  • School entity means a school district, intermediate

  • Joint Venture Entity means any Joint Venture, any Wholly-Owned Subsidiary of a Joint Venture or any JV Subsidiary.

  • Proprietary or Sub-advised Mutual Fund means any open-end Mutual Fund for which MSIM acts as investment adviser or sub-adviser.

  • Business entity means a natural or legal person, business corporation, professional services corporation, limited liability company, partnership, limited partnership, business trust, association or any other legal commercial entity organized under the laws of this State or of any other state or foreign jurisdiction;

  • Resident unincorporated business entity means an unincorporated business entity having an office or place of business within the Municipality.

  • Designated Entity shall have the same meaning provided in the Operating Agreement. Direct Assignment Facilities:

  • investor relations person means a person that is a registrant or that provides services that include investor relations activities;

  • Foreign nonprofit corporation means an entity: