charitable corporation

A nonprofit corporation that is dedicated to benevolent purposes and thus entitled to special tax status under the Internal Revenue Code.

— Also termed eleemosynary corporation. See CHARIT-ABLE ORGANIZATION. [Cases: Internal Revenue 4045–4069. C.J.S. Internal Revenue §§ 327, 462–474.]

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词条贡献者

法律翻译Terence，毕业于欧洲顶尖的高级翻译学院，专注翻译各类与房地产与土地使用诉讼有关的法律文件。