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prolly named veronica or sarah
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LSDefine
Simple English definitions for legal terms
charitable purpose
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A quick definition of charitable purpose:
Charitable purpose: A reason for creating an organization that helps people in need or supports a good cause. To be considered a charitable organization by the government, the organization must have a purpose that meets certain criteria outlined in the Internal Revenue Code. This purpose is also known as a charitable use.
A more thorough explanation:
Definition: Charitable purpose refers to the reason for which an organization is formed in order to qualify as a charitable organization under the Internal Revenue Code. It is also known as charitable use.
Example: A nonprofit organization that provides food and shelter to homeless people is an example of an organization with a charitable purpose. Another example is an organization that provides education and training to underprivileged children.
These examples illustrate how organizations can have a charitable purpose by providing services or resources to those in need. The purpose of these organizations is to improve the lives of others and make a positive impact on society.