How does the IRS define a charitable foundation?
As defined by the Internal Revenue Service, “An organization organized and operated exclusively for one or more of the exempt purposes…includes relief of the poor, the distressed, or the underprivileged, advancement of religion, advancement of education or science;…elimination of prejudice and discrimination; defense of human and civil rights secured by law; and combating community deterioration and juvenile delinquency.”
Related Questions
- To what charitable causes will the money raised through the Sean Caton Memorial Foundation go towards?
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- How do I get a copy of the Bob Woodruff Foundation IRS Form 990 and Audited Financial Statements?
