Tag: Foundations
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Compensation
Compensation in United States Compensation Definition (Lat. compendere, to balance). Indemnification ; recompense. Something to be done for or paid to another of equal value with something of which he has been deprived by the act or negligence of the party so doing or pajring. That which […]
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Compensation
Compensation in United States Compensation Definition (Lat. compendere, to balance). Indemnification ; recompense. Something to be done for or paid to another of equal value with something of which he has been deprived by the act or negligence of the party so doing or pajring. That which […]
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Due Diligence
Due Diligence in the United States Due Diligence in Environmental Law See innocent purchaser.Based on "Environment and the Law. A Dictionary". Basic Meaning of Due Diligence Due Diligence means: the attention reasonably expected from, and ordinarily exercised by, a person who […]
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Equity
Equity in the United States Decisions based on a judge's sense of fairness rather than strict common law standards. The equity model permits judges to issue remedies in civil cases based on equitable principles that are outside or that supplement common law. Some of the flexibility of equity […]
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Equity
Equity in the United States Decisions based on a judge's sense of fairness rather than strict common law standards. The equity model permits judges to issue remedies in civil cases based on equitable principles that are outside or that supplement common law. Some of the flexibility of equity […]
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OMB Circular A-133
Definition of Office of Management and Budget (OMB) Circular A-133 A concept of Office of Management and Budget (OMB) Circular A-133 applicable in the United States: The instructions provided by the Office of Management and Budget (OMB) regarding audits of states, local governments, and […]
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Whistleblower Protection Policy
Definition of Whistleblower Protection Policy (in Charity Law) A concept of Whistleblower Protection Policy in the context of charitable ogranizations applicable in the United States is provided here: A policy to encourage staff and volunteers to come forward with credible information on […]
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Sponsoring Organization
Definition of Sponsoring Organization A concept of Sponsoring Organization applicable in the United States: A sponsoring organization is a public charity that maintains, owns, and controls one or more donor-advised funds. See also Donor-advised fund; Public Charity. Substantial Contributor. A […]
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Prudent Investor
Definition of Uniform Prudent Investor Act (UPIA) A concept of Uniform Prudent Investor Act (UPIA) applicable in the United States: Model legislation approved in 1994 by the National Conference of Commissioners on Uniform State Laws to govern the investment practices of fiduciaries. UPIA is […]
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Prudent Investor
Definition of Uniform Prudent Investor Act (UPIA) A concept of Uniform Prudent Investor Act (UPIA) applicable in the United States: Model legislation approved in 1994 by the National Conference of Commissioners on Uniform State Laws to govern the investment practices of fiduciaries. UPIA is […]
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Form 8282
Definition of Form 8282 A concept of Form 8282 applicable in the United States: The IRS form that charitable organizations must file if they sell or dispose of donated property valued at $5,000 or more (based on the value claimed by the donor on Form 8283) within two years of receiving the […]
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Form 8282
Definition of Form 8282 A concept of Form 8282 applicable in the United States: The IRS form that charitable organizations must file if they sell or dispose of donated property valued at $5,000 or more (based on the value claimed by the donor on Form 8283) within two years of receiving the […]
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Section 509 (a)
Definition of Section 509(a) A concept of Section 509(a) applicable in the United States: The section of the Internal Revenue Code that defines the rules for determining that an organization is a public charity (as opposed to a private foundation) and thereby eligible to receive tax-deductible […]
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Section 509 (a)
Definition of Section 509(a) A concept of Section 509(a) applicable in the United States: The section of the Internal Revenue Code that defines the rules for determining that an organization is a public charity (as opposed to a private foundation) and thereby eligible to receive tax-deductible […]
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Nonprofit Corporation
Nonprofit Corporation in United States Plain-English Law Nonprofit Corporation as defined by Nolo’s Encyclopedia of Everyday Law (p. 437-455):A business structure that allows people to come together to obtain support for an organization (such as a club) or for some public purpose (such as a […]