privilege

  

Definition

Additional, exceptional, exclusive, or special advantage, benefit, exemption, immunity, or power, granted to a person or a group as a favor or honor, or belonging to an entity by virtue of formal certification, office, rank, status, or operation of law. See also franchise, prerogative, and right.

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Quid Pro Quo Contributions

Contributions of more than $75 that give a benefit to the donor are considered quid-pro-quo contributions. They are deductible only to the extent the contribution exceeds the value of the benefit, and ... Read more

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