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A 501(c)(3) organization is allowed to conduct some or all of its charitable activities outside the United States. [64] [65] A 501(c)(3) organization is allowed to award grants to foreign charitable organizations if the grants are intended for charitable purposes and the grant funds are subject to the 501(c)(3) organization's control. [66]
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]
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 ...
501(c)(3) is a classification for organizations operated exclusively for religious, charitable, scientific, testing for public safety, literary, educational purposes, to foster national or international amateur sports competition, or for the prevention of cruelty to children or animals.
If the organization purpose is one of those described in §501(c)(3) of the Internal Revenue Code, [3] it may apply for a ruling that donations to it are tax deductible to the persons or business entities who make them. The organization itself will be exempt from taxation as long as it does not engage in unrelated business activities.
In addition, most donor-advised funds can solely give to IRS certified 501(c)(3) organizations or their foreign equivalents. This rules out, for example, most kinds of donations to individuals, and scholarships—both things a private foundation can do more easily. As well, it precludes political donations, lobbying organizations, etc.
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 ACU comprises three entities: The American Conservative Union, a 501(c)(4) organization which conducts lobbying; The American Conservative Union Foundation, a 501(c)(3) organization best known for hosting the Conservative Political Action Conference; and The American Conservative Union Political Action Committee, a PAC that formally endorses and funds conservative candidates for federal ...