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, 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 means an organization that has been designated as a public charity by the IRS.
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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 versus private foundation In general If an organization satisfies each of the requirements for charitable status, there is a further question of what type of charitable organization it is.

  • 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.

  • Public charity assets were concentrated in the health and human services categories.

  • Public charity status under IRC 170(b)(1)(A)(iii), and therefore freedom from private foundation excise taxes, is accorded to medical research organizations described in Reg.

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

  • 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.

  • The Customer hereby represents and warrants that the Assets are not subject to any Code section governing a: 2.1.1. Public charity, private foundation, or other charitable organization, including, but not limited to, Code Sections 4941 (Taxes on Self-Dealing) et seq.

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


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 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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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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Related to Public charity

  • Public charter school means a public school that:

  • Public Key means the key of a key pair used to verify a digital signature and listed in the Digital Signature Certificate;

  • Public schools means all kindergartens and elementary

  • Public school means any institution or activity operated by

  • Public event means any event that can be attended by the

  • Public fund means the state treasurer or a retirement system.

  • Free appropriate public education means special education and related services that:

  • Participating Marriage and Family Therapist means a Marriage and Family Therapist who has a written agreement with the Claim Administrator or another Blue Cross and/or Blue Shield Plan to provide services to you at the time services are rendered.

  • Public school academy means a public school academy or strict discipline academy organized under the revised school code, 1976 PA 451, MCL 380.1 to 380.1852.

  • Public garage means a building or other place where vehicles or vessels are kept and stored and where a charge is made for the storage and keeping of vehicles and vessels.

  • Qualified Nurse means a person who holds a valid registration from the Nursing Council of India or the Nursing Council of any state in India.

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

  • Public Xxxxxx shall have the meaning assigned to such term in Section 10.01(d).

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

  • Public entity means the State of Arkansas, or a political subdivision of the state, including all boards, commissions, agencies, institutions, authorities, and bodies politic and corporate of the state, created by or in accordance with state law or regulations, and does include colleges, universities, a statewide public employee retirement system, and institutions in Arkansas as well as units of local and municipal government.

  • Non-Participating Marriage and Family Therapist means a Marriage and Family Therapist who does not have a written agreement with the Claim Administrator or another Blue Cross and/or Blue Shield Plan to provide services to you at the time services are rendered.

  • Public Vehicle means a Person whose securities are listed and traded on a national securities exchange and shall include a majority owned subsidiary of any such Person or any operating partnership through which such Person conducts all or substantially all of its business.

  • 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.

  • Child/Children means persons who are of an age of two years and above but who are less than 12 years of age;

  • public enterprise means a public enterprise as defined in Part V of the Handbook.

  • 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.

  • Inverted domestic corporation means a foreign incorporated entity that meets the definition of an inverted domestic corporation under 6 U.S.C. 395(b), applied in accordance with the rules and definitions of 6 U.S.C. 395(c).

  • Non-Regulatory Opportunity Cost means the difference between (a) the forecasted cost to operate a specific generating unit when the unit only has a limited number of starts or available run hours resulting from (i) the physical equipment limitations of the unit, for up to one year, due to original equipment manufacturer recommendations or insurance carrier restrictions, (ii) a fuel supply limitation, for up to one year, resulting from an event of Catastrophic Force Majeure; and,

  • CVM means the Comissão de Valores Mobiliários, the Brazilian National Securities Commission, or any successor governmental agency in Brazil.

  • Certified nurse midwife means an advanced practice registered nurse who is certified in the

  • Certified Domestic Violence Specialist means a person who has fulfilled the requirements of certification as a Domestic Violence Specialist established by the New Jersey Association of Domestic Violence Professionals.