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An organization must meet certain requirements set forth in the code. Some organizations must also file a request with the Internal Revenue Service to gain status as a tax-exempt non-profit charitable organization under section 501(c)(3) of the tax code. A non-exhaustive list of organizations that may meet the Federal requirements are as follows:
The steps required to become a nonprofit include applying for tax-exempt status. If States do not require the "determination letter" from the IRS to grant non-profit tax exemption to organizations, on a State level, claiming non-profit status without that Federal approval, then they have actually violated Federal United States Nonprofit Laws.
The Solomon R. Guggenheim Foundation is a nonprofit organization founded in 1937 by philanthropist Solomon R. Guggenheim and his long-time art advisor, artist Hilla von Rebay. The foundation is a leading institution for the collection, preservation, and research of modern and contemporary art and operates several museums around the world.
The Foundation also sponsors the Getty Leadership Institute (GLI). The major GLI program is the Museum Leadership Institute (MLI), formerly known as the Museum Management Institute, which "has served close to 1,000 museum professionals from the United States and 30 countries worldwide". [2]
Program services are the mission-related activities performed by the organization. Non-program supporting services include the costs of fund-raising events, management and general administration. [20] This is a required section of the Form 990 that is an annual informational return required by the Internal Revenue Service for nonprofit ...
A letter of thanks or thank-you letter is a letter that is used when one person/party wishes to express appreciation to another. Personal thank-you letters are sometimes hand-written in cases in which the addressee is a friend, acquaintance or relative. Thank-you letters are also sometimes referred to as letters of gratitude. These types of ...
A charitable trust is an irrevocable trust established for charitable purposes. In some jurisdictions, it is a more specific term than "charitable organization".A charitable trust enjoys varying degrees of tax benefits in most countries and also generates goodwill.
The J. Paul Getty Trust is the world's wealthiest art institution, with an estimated endowment of US$7.7 billion in 2020. [4] Based in Los Angeles, California, it operates the J. Paul Getty Museum, which has two locations—the Getty Center in the Brentwood neighborhood of Los Angeles and the Getty Villa in the Pacific Palisades neighborhood of Los Angeles.