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.
charitable organization is in the Entrepreneurship, Management, & Leadership subject.
charitable organization appears in the definitions of the following terms: charitable contribution, charitable remainder trust, charitable lead trust, charitable foundation, charitable gift annuity and public foundation
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