United Charitable is a non-profit organization that helps wealth advisors, donors, and charity ambassadors make a more significant impact through their donations. Through a charitable vehicle, the Donor Advised Fund, they are able to increase the donor's ability to do more with their contributions while reducing their tax liability. As a 501c3 organization, United Charitable also offers fiscally sponsored programs that simplify any non-profit program’s administration's complex needs.
Section 501(c)(3) is a part of the U.S. Internal Revenue Code (IRC) and a distinct tax category for non-profit organizations. 501(c)(3) excludes organizations that fulfill their requirements from paying federal income tax. Besides, it makes these organizations unique because any donation is tax-deductible for the donor.
Three different organization types, namely private foundations, churches, religious entities, and charitable institutions fall under this particular classification.
To be considered a charitable institution by the IRS, the entity must solely operate for one of the following objectives: scientific, preventing cruelty to children or animals, religious, charitable, literary, educational, testing for public safety, or fostering national or international amateur sports competition.
All kinds of non-profit organizations should not foster private interests or use earnings to reward any private shareholder. The code also prohibits any institution under its umbrella from using any of its activities to sway legislation, engage in any political campaign, or endorse any candidate running for office.
Furthermore, an organization mustn't stray away from its initial mission or objectives that it reported to the IRS to remain in this grouping. However, if it decides to engage in another assignment, it must notify the IRS.
Section 501(c)(3) is a part of the U.S. Internal Revenue Code (IRC) and a distinct tax category for non-profit organizations. 501(c)(3) excludes organizations that fulfill their requirements from paying federal income tax. Besides, it makes these organizations unique because any donation is tax-deductible for the donor.
Three different organization types, namely private foundations, churches, religious entities, and charitable institutions fall under this particular classification.
To be considered a charitable institution by the IRS, the entity must solely operate for one of the following objectives: scientific, preventing cruelty to children or animals, religious, charitable, literary, educational, testing for public safety, or fostering national or international amateur sports competition.
All kinds of non-profit organizations should not foster private interests or use earnings to reward any private shareholder. The code also prohibits any institution under its umbrella from using any of its activities to sway legislation, engage in any political campaign, or endorse any candidate running for office.
Furthermore, an organization mustn't stray away from its initial mission or objectives that it reported to the IRS to remain in this grouping. However, if it decides to engage in another assignment, it must notify the IRS.
