Supporting Organization (charity)
A supporting organization, in the United States, is a public charity created by 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. However, unlike donations to a private foundation, donations to a supporting organization garner the same higher deduction rate as donations to public charities. However, supporting organizations allow less control over the organization to the founders than private foundations.
The Internal Revenue Code calls a public charity that relies on a supporting organization a "supported organization".
Read more about Supporting Organization (charity): History, Definition, Treasury Regulations, See Also
Famous quotes containing the words supporting and/or organization:
“I hope you will be benefitted by your churchgoing. Where the habit does not Christianize, it generally civilizes. That is reason enough for supporting churches, if there were no higher.”
—Rutherford Birchard Hayes (1822–1893)
“... every woman’s organization recognizes that reformers are far more common than feminists, that the passion to look after your fellow man, and especially woman, to do good to her in your way is far more common than the desire to put into every one’s hand the power to look after themselves.”
—Crystal Eastman (1881–1928)