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An organization must meet certain requirements set forth in the code. Some organizations must also file a request with the Internal Revenue Service to gain status as a tax-exempt non-profit charitable organization under section 501(c)(3) of the tax code. A non-exhaustive list of organizations that may meet the Federal requirements are as follows:
In the United States, a donor-advised fund (commonly called a DAF) is a charitable giving vehicle administered by a public charity created to manage charitable donations on behalf of organizations, families, or individuals. To participate in a donor-advised fund, a donating individual or organization opens an account in the fund and deposits ...
The North Texas Food Bank was established in 1982 by Liz Minyard (prior owner of the Minyard's Food Stores chain), Kathryn Hall, Jo Curtis and Lorraine Griffin Kircher. . Their goal was to address the critical issue of hunger in North Texas by securing donations of surplus unmarketable, but wholesome, foods and grocery products for distribution through a network of charitable organizations in ...
Jun. 6—Committed to advancing hunger relief efforts in Texas, Charles Butt is making a $20 million personal gift to support 20 food banks across the state that are part of the Feeding Texas network.
If an organization is to qualify for tax exempt status, the organization's (a) charter — if a not-for-profit corporation — or (b) trust instrument — if a trust — or (c) articles of association — if an association — must specify that no part of its assets shall benefit any people who are members, directors, officers or agents (its principals).
Donations made to 501(c)(3) organizations are typically tax-deductible for the donors, meaning individuals and businesses can claim those donations as deductions on their tax returns, subject to certain limitations. This tax benefit encourages charitable giving. In contrast, donations made to 501(c)(4) organizations are not generally tax ...
A donor managed investment account (or DMI account) is a charitable giving mechanism in which donors receive a full tax deduction at the time they fund the DMI account, but retain investment management rights over the account, and can request donations from the account to charities.
Texas portal This category includes articles on organizations based in the U.S. state of Texas . Organizations include, among others, voluntary associations and 501(c) non-profit organizations; companies and for-profit organizations, religious organizations, and so on, are also appropriate.
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