Charitable status: Difference between revisions

Line 1:

For a [[non-profit organization]] to have '''charitable status''' under the law means that a [[donation]] to that organization results in the issue of a [[tax receipt]] - that is, a [[receipt]] that entitles the [[donor]] to a [[tax deduction]]. Effectively, citizens of that jurisdiction give up a right to tax some amount on the assumption that the organization acts in their own interests.

For a [[non-profit organization]] to have '''charitable status''' under the law means that a [[donation]] to that organization results in the issue of a [[tax receipt]] - that is, a [[receipt]] that entitles the [[donor]] to a [[tax deduction]] in the [[US]]. Effectively, citizens of that jurisdiction give up a right to tax some amount on the assumption that the organization acts in their own interests.

Accordingly, organizations with such '''status''' fall under much closer scrutiny than those without it.