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)
“To fight oppression, and to work as best we can for a sane organization of society, we do not have to abandon the state of mind of freedom. If we do that we are letting the same thuggery in by the back door that we are fighting off in front of the house.”
—John Dos Passos (1896–1970)