Title: Philanthropic Organizations - Personal Finance and Fundraising HQ
Headings: Philanthropic Organizations
Philanthropic Organizations
Table of Contents
The Historical Transformation of Philanthropic Organizations
Types of Philanthropic Organization
Animal charities:
Environmental charities:
Education charities:
Arts and Culture charities:
International nongovernmental organizations:
Health charities:
Funding
Legal Restrictions
Tax Exempt Status
Conclusion

Content: Legal Restrictions
While a charity organization might have great intentions, they might hit a brick wall if they don’t fulfill certain requirements. Regardless of a philanthropic organization’s great plan to couple the running of a business and pursuing charitable causes, there are restrictions on what they can venture into. Also, while the relevant regulations do not completely ban business activities, the charity organization is expected to guide against making wrong investment decisions that could endanger the actual intent behind the nonprofit’s creation. Tax Exempt Status
Contrary to popular opinion, not all philanthropic organizations enjoy a tax exempt status. In the US, every charitable organization interested in such a status would have to conform to the dictates of the Internal Revenue Code. The disparity doesn’t come as a surprise as the states have the power to accept the registration of a nonprofit but a tax-exempt status is solely in the grip of the IRS – a federal government agency. Conclusion
Philanthropic organizations ease the workload of the government. They help people, the environment and animals. Some charity organizations play vital roles in safeguarding our cultural heritage and art. This explains the tax exemption benefits that come with fulfilling the requirements of the Internal Revenue Code.