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

法律翻译Virginia，毕业于一所旨在培养高级翻译专业人才的翻译院校，专注翻译各类与国际贸易与投资监管有关的法律文件。