charitable organization

charitable organization. Tax. A tax-exempt organization that (1) is organized and operated exclusively for religious, scientific, literary, educational, athletic, public-safety, or community-service purposes, (2) does not distribute earnings for the benefit of private individuals, and (3) does not participate in any way in political candidate campaigns, or engage in substantial lobbying. IRC (26 USCA) § 501(c)(3). — Also termed charity; 501(c)(3) organization. [Cases: Charities 1–50; Internal Revenue 4048–4069. C.J.S. Charities §§ 2–70; Internal Revenue §§ 462–464, 466–468, 470, 472–474.]

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词条贡献者

资深译员David，毕业于亚洲顶尖的高级翻译学院，擅长翻译有关汽车业的法律文件。