Why are academic institutions and charitable organizations asked to provide the Trust with a formal receipt for grants received?
As a Trust we are subject to taxation on our earnings and are accountable for the management and dispersal of our resources. Grants which we make to academic institutions and charitable organizations, and which are verified by a formal tax receipt, serve to reduce our taxable income. Applicants should know, however, that the Trust does not operate on a quota system and that the tax status of an applicant is never taken into consideration in determining whether or not a grant will be approved for them.
Related Questions
- Why are academic institutions and charitable organizations asked to provide the Trust with a formal receipt for grants received?
- Has the Trinity River Corridor Project received any grants or special recognition from other organizations?
- Can religious organizations and institutions that are not ATS accredited apply for grants?
