Pass-Through Organization definition

Pass-Through Organization means an organization that has been awarded grant funds, but is not carrying out or performing the grant, rather passing the funds through to another organization (i.e. Sub-recipient) who is responsible for completing the work of the grant.
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Pass-Through Organization means an organization that, for federal income tax purposes, is not treated as a corporation or an association taxable as a corporation but is, for federal income tax purposes, either (i) not a separate entity, (ii) a grantor trust, or (iii) a partnership.
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Examples of Pass-Through Organization in a sentence

  • The execution and delivery of this Agreement shall constitute an acknowledgment by the Cooperative, CFC and the Trustee on behalf of the Certificateholders that they intend hereby to establish (for federal income tax purposes), a Pass-Through Organization and not an association taxable as a corporation.

Related to Pass-Through Organization

  • PASS-THRU ENTITY A "Pass-Thru Entity" as defined in Section 860E(e)(6) of the Code.

  • 17j-1 Organization means the Corporation or the Adviser, as the context requires.

  • Pass-through entity means a partnership not treated as an association taxable as a C corporation for federal income tax purposes, a limited liability company not treated as an association taxable as a C corporation for federal income tax purposes, an S corporation, or any other class of entity from which the income or profits of the entity are given pass-through treatment for federal income tax purposes. "Pass-through entity" does not include a trust, estate, grantor of a grantor trust, or disregarded entity.

  • ADR Organization means The American Arbitration Association or, if The American Arbitration Association no longer exists or if its ADR Rules would no longer permit mediation or arbitration, as applicable, of the dispute, another nationally recognized mediation or arbitration organization selected by the Sponsor.

  • Member organization means any individual, corporation, limited liability company, partnership, or association that belongs to an association.