Turning over items donated to a 501(c)(3) nonprofit to a for-profit company is inconsistent with the intent of the gift. Also, donations to a nonprofit can earn the donor tax credits, whereas ...

These entities range from social welfare groups to religious and educational organizations.A 501(c)(3) is a specific type of non-profit organization that is also exempt from federal income tax.

However, there are several requirements for issuing tax-exempt 501(c)(3) bonds that will need to be adhered to prior to issuance. There are also several ongoing obligations that must be monitored ...

A nonprofit organization gains 501(c)(3) status by filing Form 1023 with the Internal Revenue Service. Gaining 501(c)(3) status means the nonprofit organization will be federally tax-exempt.

Media reports about the Trump administration’s desire to revoke the tax-exempt status of prominent charitable organizations recently jolted the United States’s nonprofit community with anxiety ...

Section 501(c)(3) of the tax code lists the following charitable purposes: educational, literary, scientific, religious, public safety testing, amateur sports competition, and prevention of ...

The announcement from Trump comes after Fox News reported last week that his administration asked the Internal Revenue Service to revoke Harvard University’s tax-exempt status. The Ivy League school's ...

Harvard is exempt from federal income tax as it operates as a 501(c) (3) educational institution. The move would be an extraordinary step for the government to take against a major university ...

Obtaining the 501 (c)(3) status was a hard and long road that involved finding the right board members and the initial funding to file for tax-exempt status with the IRS. After 25 years of ...

allows for the creation of tax-exempt charitable organizations through the granting of 501(c)(3) status. These groups exist as private foundations or public charities. There are a number of ...

501(c)(3), according to the IRS. Facts: A local community pickleball club was organized and duly incorporated in a state by filing articles of incorporation. The club sought tax-exempt status with the ...

Grand Canyon University says the Internal Revenue Service reaffirmed the school's status as a nonprofit institution following a four-year audit.