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501 (c) (3) organization. A 501 (c) (3) organization is a United States corporation, trust, unincorporated association or other type of organization exempt from federal income tax under section 501 (c) (3) of Title 26 of the United States Code. It is one of the 29 types of 501 (c) nonprofit organizations [ 1 ] in the US.
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.
Charity (practice) Charity is the voluntary provision of assistance to those in need. It serves as a humanitarian act, and is unmotivated by self-interest. Various philosophies about charity exist, with frequent associations with religion.
Among the donations Feeney made over the course of his lifetime are a $350 million gift to Cornell University, to help develop state-of-the-art facilities for Cornell Tech, a graduate applied ...
Philanthropy in the United States is the practice of voluntary, charitable giving by individuals, corporations and foundations to benefit important social needs. Its long history dates back to the early colonial period, when Puritans founded Harvard College and other institutions. Philanthropy has been a major source of funding for various ...
Good360 is a 501 (c) (3) charitable organization located in Alexandria, Virginia. [1] In 2021, it was ranked the 6th largest charity in the United States by Forbes magazine. [2] Good360 has distributed more than $14 billion in donated goods around the world. As a result of the COVID-19 pandemic, Good360 helped distribute over $175 million in ...
A 501 (c) organization is a nonprofit organization in the federal law of the United States according to Internal Revenue Code (26 U.S.C. § 501 (c)). Such organizations are exempt from some federal income taxes. Sections 503 through 505 set out the requirements for obtaining such exemptions. Many states refer to Section 501 (c) for definitions ...
The BBB Wise Giving Alliance (WGA) is an American charity monitoring organization. [1] Under previous names, it has been reporting on nationally soliciting charities since the 1920s. [2] BBB's Give.org evaluates charities, at no charge, using the 20 BBB Standards for Charity Accountability to help donors verify the trustworthiness of soliciting ...