Charitable organization

Nonprofit Sector- Charities and FoundationsAccording to our reading in “The Nonprofit Economy”, Weisbrod describes nonprofit organizations as “organizations for charitable or mutual benefit purposes” who are exempt from income tax and receive other benefits as well in exchange for adhering to certain restrictions (Weisbrod 19). Regardless of their name, these nonprofit organizations do generate profit, but the way they utilize their profit is very restricted such as they are only able to put the…

re/ Registering a Non-Profit Entity in Singapore A large number of people are interested in doing their bit in the interest of society and public. Singapore allows them to register non-profit organizations (NPO) and give their efforts a legal status. Types of Business Structures  A Society  A Charitable Trust  A Public Company Limited by Guarantee In Singapore, the interested parties can use one of these business structures to setup company in Singapore as an NPO. These individuals must…

According to the National Center for Charitable Statistics, there are more than 1.5 million registered nonprofit organizations in the United States. These charities rely on the time, talent, and financial support of volunteers to achieve their goals. For many volunteers, the satisfaction of helping others is often enough reward for their efforts. However, for many people, an incentive is a major motivation to become involved within or donate to the charity or charitable event. Is this…

critical factor to why thousands of organizations exist to this day. The tax regulations that the United States has created in relation to charitable deductions allows for all of these individuals and businesses to deduct the contributions that essentially reduces their taxable income. As we work to understand charitable contributions and the effect it has on the government, some basic information will be reviewed in relations to itemized deductions and charitable deductions. First, itemized…

A charity sports event is a participatory sports event that raises funds for a charitable cause from the participants and the public in exchange for their presence at the event (Woolf et al., 2013). Several factors have contributed towards the popularity of charity sports events. Marathons, cycling events and even matches that are sponsored by voluntary organizations are considered as critical components in enhancing community prestige as well as promoting a healthier lifestyle (Edwards &…

Not-For-Profit Organizations There are various forms of businesses and one form is a not-for-profit organization. A not-for-profit organization functions similar to a standard business but provides products and/or services to better a community without making a profit. These organizations do generate revenue, but through means of funding the organization. The profit that is generated within the organization is not used for personal gain or for a single individual, it is used to benefit the…

| (TCO E) Imagine that you are the Executive Director of a nonprofit organization whose mission is to save the rain forests in Brazil. You plan to raise money for your mission by selling memberships in your organization. You have decided that in order to reach your goals, you need to hire a marketing manager. You have interviewed several qualified people, all of whom are currently marketing memberships in for-profit organizations and making about the same income that your position will pay.…

YMCA is a charitable organization with a mandate to provide healthier lifestyle and opportunities equally to all of is beneficiaries. Although YMCA was founded in June 1844 in London by George Williams, the Canadian presence of YMCA came into being in 1851, making YMCA Canada a 165 years old organization. Today, YMCA has a footprint in 125 countries with over 57 million beneficiaries. From the start YMCA grew very rapidly due to its core principles that were based upon Muscular Christianity.…

nonprofit organization from liability for harm caused by an act of negligence of the volunteer on behalf of such organization or governmental entity under certain conditions (Congress, 1997). By reforming the laws…

People are faced with several perspectives on charity. Charities do not always solve the problems they aim to solve. Charities’ target issues that are far too extensive to be fixed with mere money. Therefore, they are not fixing the issues, but rather they are covering them while the main issues continue to grow larger. Charity also does not always go to the destinations in which one believes that he or she is helping. Also, donating all of one's extra money is a completely absurd idea to…