Charitable status: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Example in a separate sentence.) |
imported>Doug Williamson (Add link.) |
||
| (3 intermediate revisions by the same user not shown) | |||
| Line 1: | Line 1: | ||
Charitable status means the legal privileges enjoyed by an organisation which conforms to the regulations set out in charity law and other relevant laws. | |||
For example, the Charities Act in the UK. | |||
Organisations with charitable status cannot use their assets for any purposes other than pursuing their charitable objectives. | Organisations with charitable status cannot use their assets for any purposes other than pursuing their charitable objectives. | ||
| Line 11: | Line 14: | ||
== See also == | == See also == | ||
* [[Credit union]] | * [[Credit union]] | ||
* [[Grant]] | |||
* [[Housing association]] | * [[Housing association]] | ||
* [[Mutual]] | * [[Mutual]] | ||
| Line 16: | Line 20: | ||
* [[Profit]] | * [[Profit]] | ||
* [[Third sector]] | * [[Third sector]] | ||
* [[Trustees]] | |||
[[Category:Accounting,_tax_and_regulation]] | |||
[[Category:The_business_context]] | |||
Latest revision as of 20:02, 18 August 2022
Charitable status means the legal privileges enjoyed by an organisation which conforms to the regulations set out in charity law and other relevant laws.
For example, the Charities Act in the UK.
Organisations with charitable status cannot use their assets for any purposes other than pursuing their charitable objectives.
In return charities normally enjoy:
- Preferential tax treatment and tax reliefs.
- Eligibility to apply for certain sources of grant funding.
