Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

charitable corporation

Read a random definition: capital lease

A quick definition of charitable corporation:

A charitable corporation is a type of organization that is set up to help others. It is a special kind of company that is allowed to do good things without having to pay taxes. Charitable corporations can be set up for many different reasons, like to help people who are sick, to protect animals, or to support education. They cannot use their money to help just one person or family, and they cannot get involved in politics. Charitable corporations are also called charities or 501(c)(3) organizations.

A more thorough explanation:

A charitable corporation is a type of corporation that is organized and operated for charitable purposes. Charitable corporations are eligible for tax-exempt status and are subject to certain regulations and requirements.

  • 501(c)(3) organization: A nonprofit organization that is organized and operated exclusively for religious, scientific, literary, educational, athletic, public-safety, or community-service purposes, and does not distribute earnings for the benefit of private individuals, or participate in political campaigns or substantial lobbying.
  • Charitable gift: A donation made to a charitable organization for the purpose of supporting its charitable activities.
  • Charitable deduction: A tax deduction that allows taxpayers to deduct charitable contributions from their taxable income.

These examples illustrate the definition of a charitable corporation by showing different aspects of its operations and benefits. A 501(c)(3) organization is a specific type of charitable corporation that is eligible for tax-exempt status. Charitable gifts are a way for individuals to support charitable organizations, while charitable deductions provide a tax benefit for those who make such donations.

charitable bequest | charitable purpose

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
18:41
I think I just wouldn’t reach out and if they ask for them then say that
Dkk
18:41
@tgm Yeah sounds good, say that if they ask
18:47
hey yall
18:47
im premed idk why im here
18:48
we’re like cool and sexy and fun I get it
18:48
true i love ur user
18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
LSD+ is ad-free, with DMs, discounts, case briefs & more.