IRC 170 CODE

An example of an indirect contribution from the public is the receipt by the organization of its share of the proceeds of an annual collection campaign of a community chest, community fund, or united fund. For such purposes, the term вЂњsupportвЂќ does not include income received in the exercise or performance by the organization of its charitable, educational, or other purpose or function constituting the basis for its exemption under section 501(a). (ii) To qualify under section 170(b)(1)(A)(iv), the organization receiving the contribution must normally receive a substantial part of its support from the United States or any State or political subdivision thereof or from direct or indirect contributions from the general public, or from a combination of two or more of such sources. The phrase вЂњexpenditures to or for the benefit of a college or universityвЂќ includes expenditures made for any one or more of the normal functions of colleges and universities such as the acquisition and maintenance of real property comprising part of the campus area the erection of, or participation in the erection of, college or university buildings the acquisition and maintenance of equipment and furnishings used for, or in conjunction with, normal functions of colleges and universities or expenditures for scholarships, libraries and student loans. (i) An organization is described in section 170(b)(1)(A)(iv) if it meets the support requirements of subdivision (ii) of this subparagraph and is organized and operated exclusively to receive, hold, invest, and administer property and to make expenditures to or for the benefit of a college or university which is an organization described in subdivision (iii) of this subparagraph. (2) Organizations for the benefit of certain State and municipal colleges and universities. However, the operation of a school by a museum does not necessarily qualify the museum as an educational organization within the meaning of this subparagraph. A recognized university which incidentally operates a museum or sponsors concerts is an educational organization within the meaning of section 170(b)(1)(A)(ii). It does not include organizations engaged in both educational and noneducational activities unless the latter are merely incidental to the educational activities. It includes Federal, State, and other public-supported schools which otherwise come within the definition. The term includes institutions such as primary, secondary, preparatory, or high schools, and colleges and universities. An educational organization is described in section 170(b)(1)(A)(ii) if its primary function is the presentation of formal instruction and it normally maintains a regular faculty and curriculum and normally has a regularly enrolled body of pupils or students in attendance at the place where its educational activities are regularly carried on. (c) Educational organization and organizations for the benefit of certain State and municipal colleges and universities. An organization is described in section 170(b)(1)(A)(i) if it is a church or a convention or association of churches. (b) Church or a convention or association of churches.

IRC 170 CODE

The term one or more organizations described in section 170(b)(1)(A) (other than clauses (vii) and (viii)) as used in sections 507 and 509 of the Internal Revenue Code (Code) and the regulations means one or more organizations described in paragraphs (b) through (f) of this section, except as modified by the regulations under part II of subchapter F of chapter 1 or under chapter 42. Section 1.170-2(b) shall continue to be applicable with respect to taxable years beginning prior to January 1, 1970. (a) The term section 170(b)(1)(A) organization as used in the regulations under section 170 means any organization described in paragraphs (b) through (j) of this section, effective with respect to taxable years beginning after December 31, 1969, except as otherwise provided.

Irc 170