Word: tax-exempt
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...would carry messages like "Girl Scouts Choose Hillary" or "The Cleveland Library Votes Giuliani." Well, not exactly, but what Egger, who runs a Washington, D.C., soup kitchen, does want is for nonprofit organizations to break their traditional silence in presidential politics - a silence prompted by the complex rules governing tax-exempt status. Egger points out that nonprofits employ 14 million Americans, nearly 10% of the national workforce, and hold assets of $1.76 trillion. "We've got to organize," Egger urges, "take our seat at the table and be heard...
...comrades are walking a tightrope. For one thing, they risk alienating the donors on whom they count on for operating funds. More significantly, they could be breaking the law. Nearly all nonprofits are set up under Section 501 (c) (3) of the IRS code, which grants them tax-exempt status if they agree to stay out of politics - only 20% of their budgets can go to political or lobbying work, which must be mostly educational in nature...
...about a gift of $500,000 to Copeland. Dollar told TIME that he made a gift but said the sum was not that high. He and the Copelands claim to be tax-compliant. Hinn and Long did not respond by press time. White's ministry says to the best of its knowledge it complies with all tax codes. Meyer posted a 2007 IRS letter confirming tax-exempt status...
...original version of this article referred mistakenly to a 2006 letter from the IRS confirming the Joyce Meyer Ministry's tax-exempt status. While the IRS reviewed the ministry's activities from 2004 to 2006, it sent its letter of confirmation in October...
Gowher Rizvi, the director of the Institute of Government Innovation at the KSG, agreed that donations to Harvard help to promote the public good, in part by funding scholarships for needy students. At the same time, though, he called for greater transparency and accountability of tax-exempt dollars...