(US LAW) nonprofit corporation; legal status permitted to certain types of organizations under Treasury Regulations section 501(c)(3) that exempts it from taxation.
The 501(c)(3) is quite easy to organize, especially if one wants to funnel money from donors to some form of activism. It was first made available in 1934 but has become extremely common since 1986 because successive rulings greatly loosened restrictions on electioneering for 501(c)(3) entities.
Often 501(c)(3) entities engaged in politics are affiliated with an almost-identical 501(c)(4) entity, which has EVEN WEAKER limitations on electioneering.
The 501(c)(3) is quite easy to organize, especially if one wants to funnel money from donors to some form of activism. It was first made available in 1934 but has become extremely common since 1986 because successive rulings greatly loosened restrictions on electioneering for 501(c)(3) entities.
Often 501(c)(3) entities engaged in politics are affiliated with an almost-identical 501(c)(4) entity, which has EVEN WEAKER limitations on electioneering.
The 501(c)(3) clause in the IRS code is practically an invitation by the government to launder corporate profits into lobbying.
by Sorry, the good guys lost September 10, 2010
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by Bored ass man October 15, 2020
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by jimmy bob kentucky April 28, 2022
Get the 3.1415926535 8979323846 2643383279 5028841971 6939937510 5820974944 5923078164 0628620899 8628034825 3421170679 mug.5100 = Van Buren
B = Bahala
N = Na
D = Demonyos
3 = top secret hush hush
5100 BND is a Filipino/Sureno gang based in Riverside, CA
Active Members - 15+
(Recruitment DM our IG! 18+ Clean Rec Mando)
B = Bahala
N = Na
D = Demonyos
3 = top secret hush hush
5100 BND is a Filipino/Sureno gang based in Riverside, CA
Active Members - 15+
(Recruitment DM our IG! 18+ Clean Rec Mando)
by ToneDaBanditBND! March 28, 2022
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