Charitable status: Difference between revisions
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Charitable status means the legal privileges enjoyed by an organisation which conforms to the regulations set out in charity law and other relevant laws. | |||
For example, the Charities Act in the UK. | |||
Organisations with charitable status cannot use their assets for any purposes other than pursuing their charitable objectives. | Organisations with charitable status cannot use their assets for any purposes other than pursuing their charitable objectives. | ||
Revision as of 16:30, 22 August 2017
Charitable status means the legal privileges enjoyed by an organisation which conforms to the regulations set out in charity law and other relevant laws.
For example, the Charities Act in the UK.
Organisations with charitable status cannot use their assets for any purposes other than pursuing their charitable objectives.
In return charities normally enjoy:
- Preferential tax treatment and tax reliefs.
- Eligibility to apply for certain sources of grant funding.
