elletorningh
05-04-2008, 07:02 PM
A charitable organization (also known as a charity) is an organization with charitable purposes only.
Trusts, foundations, unincorporated associations and in some jurisdictions specific types of companies, may be established for a charitable purpose or may acquire such purpose after establishment.
Charities are all non-profit organizations, however, not all non-profit organizations are charities.
Organizations that are only partly dedicated to charitable purposes are sometimes considered as, or treated as, charities, depending on specific regulations at a given jurisdiction.
Some charitable organizations may be established by companies as part of tax planning and strategies.
Trusts, foundations, unincorporated associations and in some jurisdictions specific types of companies, may be established for a charitable purpose or may acquire such purpose after establishment.
Charities are all non-profit organizations, however, not all non-profit organizations are charities.
Organizations that are only partly dedicated to charitable purposes are sometimes considered as, or treated as, charities, depending on specific regulations at a given jurisdiction.
Some charitable organizations may be established by companies as part of tax planning and strategies.