charitable organization
Definition
Incorporated or non-incorporated tax exempt body which (1) is created and operated for charitable purposes, (2) employs all its resources to those charitable activities that are under its direct control, (3) does not distribute any part of the income generated for the benefit of any trustee, trustor, member, or other private individual, and (4) does not contribute to or associates with political organizations.
Mentioned in these definitions
Popular 'Entrepreneurship, Management, & Small Business' Terms
charitable organization in the news
Loading...
This content can be found on the following page:
http://www.businessdictionary.com/definition/charitable-organization.html
