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Is JREF a Charity?

The Atheist

The Grammar Tyrant
Joined
Jul 3, 2006
Messages
36,189
I wouldn't know where to find the answer to the question, but I am presuming that the word "charity" has a legal meaning in USA.

Simple question requiring a yes/no answer: Is JREF a charity within the meaning of the word in US law?

Anyone able to point me to the correct legislation? The Foundation Center doesn't seem to help.

(I'd email the question, but it won't be answered so I'm asking here.)
 
Wow, with over 13,000 posts to your name, I would have hoped you could perform the simplest of researches. One click found the fact that it is a 501(c)3 corporation. (under support us)

Then a quick Google tells us that type of corporation is a charity. Here is the Wiki info:

In the United States a charitable organization is an organization that is organized and operated for purposes that are beneficial to the public interest,[18] however a distinction is made between types of charitable organizations.

Every U.S. and foreign charity that qualifies as tax-exempt under Section 501(c)(3) of the Internal Revenue Code is considered a "private foundation" unless it demonstrates to the IRS that it falls into another category. In a general sense, any organization that is not a private foundation (i.e. it qualifies as something else) is usually a public charity as described in Section 509(a) of the Internal Revenue Code.[19]

In addition, a private foundation usually derives its principal fund from an individual, family, corporation, or some other single source and is more often than not a grantmaker and does not solicit funds from the public. In contrast, a foundation or public charity generally receives grants from individuals, government, and private foundations and although some public charities engage in grantmaking activities, most conduct direct service or other tax-exempt activities.

This leads to another distinction: Foundations that are generally grantmakers (i.e. they use their endowment to make grants to other organizations, which in turn carry out the goals of the foundation indirectly) are usually referred to as "grantmaker" or "non-operating" foundations. These of course tend to be private foundations. Some private foundations however, (and most public charities) use their received funds to directly engage in service activities themselves and achieve their goals "personally," so-to-speak.

Examples of a non-operating private foundation would be the Rockefeller Foundation and the Bill & Melinda Gates Foundation.

Examples of operating foundations or public charities include the Elizabeth Glaser Pediatric AIDS Foundation, American Cancer Society, Inc., and the World Wildlife Fund.

The requirements and procedures for forming charitable organizations vary from state to state, as do the registration and filing requirements for charitable organizations that conduct charitable activities or solicit charitable contributions.[20] So effectively in practice the detailed definition of charitable organization is determined by the requirements of state law of the state in which the charitable organization operates, and the requirements for federal tax relief set by the IRS.


I'll say you are getting smarter though, at least you didn't ask if the FORUM is a charity.
 
Careful about how you choose to use the information provided. If you are trying to get a tax deduction for a donation then it is local law that matters, not USA law.
 
Careful about how you choose to use the information provided. If you are trying to get a tax deduction for a donation then it is local law that matters, not USA law.

I have a feeling this has more to do with the forum donations going to the foundation than anything else.
 
Careful about how you choose to use the information provided. If you are trying to get a tax deduction for a donation then it is local law that matters, not USA law.

No, but that's a good point, because I know a few blokes who are about to make a $50 donation to it from the gold astrology thread. Might have to give Foolmewunz a discount.

I have a feeling this has more to do with the forum donations going to the foundation than anything else.

Psychic predictions belong here.
 
No, but that's a good point, because I know a few blokes who are about to make a $50 donation to it from the gold astrology thread. Might have to give Foolmewunz a discount.



Psychic predictions belong here.

HA! No, educated guesses are not eligible for the MDC.
 
No, but that's a good point, because I know a few blokes who are about to make a $50 donation to it from the gold astrology thread. Might have to give Foolmewunz a discount.



Psychic predictions belong here.

Ha. Thanks but while I can't take a deduction on my HK taxes, I can take one on the portion I pay in the US, and besides.... I spread the vig around; I lose $50 here, but saying to myself, "Hmmm, TA actually does know business", I bought an ounce of gold as a hedge.:spjimlad::spjimlad:
 
You can even search the IRS's database of charities:

http://www.irs.gov/app/pub-78/

I find Guidestar easier to use than the IRS list:

http://www2.guidestar.org/

It lists all 501(c)(3)s that file a tax return w/ the IRS, and has been expanding to cover other tax-exempt organizations (like (c)(4)s). Includes the publicly available tax return plus more. Free registration required to access some info, payment necessary to get everything, like archived info from more than 3 years ago.
 
Ha. Thanks but while I can't take a deduction on my HK taxes, I can take one on the portion I pay in the US, and besides.... I spread the vig around; I lose $50 here, but saying to myself, "Hmmm, TA actually does know business", I bought an ounce of gold as a hedge.:spjimlad::spjimlad:

Ah, you'll be able to pay everyone else's bets! Up over $1100 and climbing.

Wonder how much the astrology bloke has made?
 
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