What makes a charity non-profit or charitable trust?
Sunday, September 5th, 2010 at
2:22 am
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A nonprofit has a specific Mission Statement. Meaning their goal in helping is outlined as to who benefits and how. A Trust actually accepts requests from all nonprofits and allocates money according to the Board of Directors choice.
in the US to legally be a nonprofit organization it must be incorporated and have IRS recognition as a 501c3 organization. For details see http://www.irs.gov