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Submitted By: Mike Selvon
A corporation that is formed to fill a particular need, such as educational, literary, scientific, religious or charitable is called a nonprofit organization. Normally, the state and federal governments do not tax those corporations on the income they receive that is in relation to their charity work and purpose because of the beneficial contributions made to society.
They are able to receive both private and public donations and grant money from companies and individuals. There are also som ...
In Category: Non Profit Organizations
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Submitted By: Mike Selvon
The foundation is a non profit company that helps to support charitable activities so that they can help those in need. A foundation is usually created with donations or endowments, which is money given by families, corporations or as part of private philanthropy. Normally, this type of foundation will run programs from the income that has been earned by investing endowments.
There are a few foundations that have a great deal of discretion when it comes to which of the charitable organization ...
In Category: Non Profit Organizations
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Submitted By: Mike Selvon
Giving your time, money or thoughts to a charitable organization or any other good cause is a definition of donate. It is also defined as giving of yourself, (such as in blood, tissues or organs, etc.) while alive or even after your death, with the hope that someone will benefit from this unselfish deed. It is also used to describe the transfer of electrons to another atom or molecule in a chemical reaction.
Many people are under the mistaken impression that you need to be a millionaire, or a ...
In Category: Personal Finances
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Submitted By: Mike Selvon
To put it in simple terms, an organization is a gathering of people, anywhere from 2 people to tens of thousands of people, that have a common ideal or goal that they work toward. With organizations, many aspects need to be discussed and implemented from the beginning. It also needs to be determined if the business will operate on an explicit (recognized and deliberate) basis or more of an implicit (behind-the-scenes or unrecognized) basis.
Normally, members of an organization have some type ...
In Category: Non Profit Organizations
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Submitted By: Mike Selvon
At one time, if you were approached and asked for a donation to help a nonprofit charity, then you may very well have given it with no questions asked. Unfortunately today, there are some unscrupulous people who only pretend to be working with one; so unless you personally know the person and the charity then it is a good idea to check it out before giving. One way to find out is to go to the IRS website, locate the charities listing and see if that particular one is on their legitimate list.
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In Category: Non Profit Organizations
Viewed: 110 Times. Read More ...
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Submitted By: Mike Selvon
If the world were a fair place there would be no poverty or illness anywhere. Money would be a thing of the past because everyone would have exactly what they needed. There would be no need for charities to help those that are less fortunate.
Unfortunately the world is not a fair place. There are people that are starving and have nothing to call their own. There are individuals who are afflicted with terrible diseases that have no cure.
But thanks to philanthropy many people are finding ...
In Category: Non Profit Organizations
Viewed: 117 Times. Read More ...
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