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Section 501(c)(3) organizations are prohibited from supporting political candidates, as a result of the Johnson Amendment enacted in 1954. [45] Section 501(c)(3) organizations are subject to limits on lobbying, having a choice between two sets of rules establishing an upper bound for their lobbying activities. Section 501(c)(3) organizations ...
IRS Supporting Organization Flow Chart. A supporting organization, in the United States, is a public charity that operates under the U.S. Internal Revenue Code in 26 USCA 509(a)(3). A supporting organization either makes grants to, or performs the operations of, a public charity similar to a private foundation.
A 501(c)(4) organization may directly or indirectly support or oppose a candidate for public office as long as such activities are not a substantial amount of its activities. [36] [47] A 501(c)(4) organization that lobbies must register with the Clerk of the House if it lobbies members of the House or their staff. [42]
Gifting low-basis stock instead of cash can be a strategic option to support a 501(c)(3) charitable organization. Donors can avoid paying capital gains taxes while taking a charitable donation ...
The Johnson Amendment is a provision in the U.S. tax code, since 1954, that prohibits all 501(c)(3) non-profit organizations from endorsing or opposing political candidates. Section 501(c)(3) organizations are the most common type of nonprofit organization in the United States, ranging from charitable foundations to
The Leukemia & Lymphoma Society (LLS), a 501(c)(3) charitable organization founded in 1949, is a voluntary health organization dedicated to fighting blood cancer world-wide. LLS funds blood cancer research on cures for leukemia , lymphoma , Hodgkin's disease , and myeloma .
The benefits of 501(c)(3) status include exemption from federal income tax as well as eligibility to receive tax-deductible charitable contributions. In 2017, there were a total of $281.86 billion in tax-deductible donations by individuals. [64] To qualify for 501(c)(3) status, most organizations must apply to the IRS for such status. [65 ...
Organizations created to prevent cruelty to children or animals; However, the IRS allows certain groups to be automatically exempt from filing Form 1023, yet still eligible to be classified as a 501(c)(3) organization: Churches, their integrated auxiliaries, and conventions or associations of churches [3]