Charitable status: Difference between revisions
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imported>Doug Williamson (Create the page. Source: https://knowhownonprofit.org/basics/...a-charity/charitable-status/what-is-a-charity-ncvo) |
imported>Doug Williamson (Example in a separate sentence.) |
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The legal privileges enjoyed by an organisation which conforms to the regulations set out in charity law and other relevant laws, | The legal privileges enjoyed by an organisation which conforms to the regulations set out in charity law and other relevant laws. For example, in the UK the Charities Act. | ||
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. | ||
Revision as of 13:57, 22 August 2017
The legal privileges enjoyed by an organisation which conforms to the regulations set out in charity law and other relevant laws. For example, in the UK the Charities Act.
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.
