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:
“It is handsomer to remain in the establishment better than the establishment, and conduct that in the best manner, than to make a sally against evil by some single improvement, without supporting it by a total regeneration.”
—Ralph Waldo Emerson (1803–1882)
“It is essential that there should be organization of labor. This is an era of organization. Capital organizes and therefore labor must organize.”
—Theodore Roosevelt (1858–1919)