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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:
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 donation is a gift for charity, humanitarian aid, or to benefit a cause. A donation may take various forms, including money, alms, services, or goods such as clothing, toys, food, or vehicles. A donation may satisfy medical needs such as blood or organs for transplant. Charitable donations of goods or services are also called gifts in kind. [1]
Wikipedia and its fellow sites are hosted by the Wikimedia Foundation, a non-profit organisation based in the United States. Sites like Google or Yahoo are hosted on thousands of servers, with thousands of employees; we have around 800 servers and around 350 staff, and cover our costs through donations—almost all from members of the public.
Two major kinds of such donations deserve specific consideration, charitable as well as political donations. According to a 2020 study of large United States–based corporations, "6.3 percent of corporate charitable giving may be politically motivated, an amount 2.5 times larger than annual PAC contributions and 35 percent of federal lobbying.
A foundation (also referred to as a charitable foundation) is a type of nonprofit organization or charitable trust that usually provides funding and support to other charitable organizations through grants, while also potentially participating directly in charitable activities.
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They also donate a portion of ticket sales in every city visited a local charity (predominantly food banks) Michael Bloomberg – donations include over US$1.1 billion to Johns Hopkins University; Michael Dell – established the Michael and Susan Dell Foundation, which focuses on grants, urban education, childhood health, and family economic ...
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