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In the ordinary course of things, Joy would charge $10,000 for these services, plus costs of transportation, board, and child care. Assume that Joy's driving costs (gas money, oil change, etc.) amount to $150, the cost of a hotel room for the week is $400, and the cost of child care for her two kids is $500 for the week.
Its current focus areas are community welfare, literacy, health and special programmes for children and women. [2] All donations to the foundation are tax deductible to the extent of 50 percent under section 80G of the Income Tax Act. [1] The foundation is headed by Sonia Gandhi, who is also the leader of the Indian National Congress Party.
Frequent attendance at religious services is linked to both the likelihood of giving to religion and to making larger gifts to religion. [63] The impact of American religious communities in philanthropy and charitable giving can be seen across a variety of faith communities, including the Protestant, Catholic, Jewish and Muslim communities.
The Leona M. and Harry B. Helmsley Charitable Trust United States: New York City: $8.3 billion 1999 [30] 27 W. K. Kellogg Foundation Trust United States: Battle Creek, Michigan: $8.2 billion 1930 [31] 28 Jacobs Foundation Switzerland: Zürich: $7.6 billion CHF7 billion 2001 [32] 29 Else Kröner-Fresenius-Stiftung Germany: Bad Homburg: $7 billion
501(c)(3) tax-exemptions apply to entities that are organized and operated exclusively for religious, charitable, scientific, literary or educational purposes, for testing for public safety, to foster national or international amateur sports competition, or for the prevention of cruelty to children or animals. 501(c)(3) exemption applies also ...
501(c)(3) tax-exemptions apply to entities that are organized and operated exclusively for religious, charitable, scientific, literary, or educational purposes; or for testing for public safety, to foster national or international amateur sports competition, or for the prevention of cruelty to children or animals.
Donations to causes that indirectly benefit the less fortunate, like funding cancer research, also fall under the category of charity. Regarding religious aspects, recipients of charity may offer prayers for the benefactor. In medieval Europe, it was customary to provide meals to the poor at funerals in exchange for their prayers for the deceased.