A nonprofit organization (NPO), also known as a non-business entity, not-for-profit organization, or nonprofit institution, is dedicated to furthering a particular social cause or advocating for a shared point of view. In economic terms, it is an organization that uses its surplus of the revenues to further achieve its ultimate objective, rather than distributing its income to the organization's shareholders, leaders, or members. Nonprofits are tax exempt or charitable, meaning they do not pay income tax on the money that they receive for their organization. They can operate in religious, scientific, research, or educational settings.
A charitable trust is an irrevocable trust established for charitable purposes and, in some jurisdictions, a more specific term than "charitable organization". A charitable trust enjoys a varying degree of tax benefits in most countries. It also generates good will. Some important terminology in charitable trusts is the term ‘corpus’ which refers to the assets with which the trust is funded and the term ‘donor’ which is the person donating assets to a charity.
The Charity Commission for England and Wales is the non-ministerial government department that regulates registered charities in England and Wales and maintains the Central Register of Charities.
Trustee is a legal term which, in its broadest sense, is a synonym for anyone in a position of trust and so can refer to any person who holds property, authority, or a position of trust or responsibility for the benefit of another. A trustee can also refer to a person who is allowed to do certain tasks but not able to gain income. Although in the strictest sense of the term a trustee is the holder of property on behalf of a beneficiary, the more expansive sense encompasses persons who serve, for example, on the board of trustees of an institution that operates for a charity, for the benefit of the general public, or a person in the local government.
A foundation is a legal category of nonprofit organization that will typically either donate funds to and support other organizations, or provide the source of funding for its own charitable purposes. Foundations incorporate public foundations to pool funds and private foundations who are typically endowed by an individual or family.
A charitable organization or charity is a non-profit organization (NPO) whose primary objectives are philanthropy and social well-being.
The Cambridge University Hospitals NHS Foundation Trust is one of the United Kingdom's NHS foundation trusts. It was originally named Addenbrooke's NHS Trust. It became a foundation trust and was renamed in 2004.
Alder Hey Children's Hospital is a children's hospital and NHS foundation trust in West Derby, Liverpool, England. It is one of the largest children's hospitals in the United Kingdom, and one of several specialist hospitals within the Liverpool City Region, alongside the Royal Liverpool University Hospital, Liverpool Women's Hospital, Liverpool Heart and Chest Hospital, the Walton Centre, Mersey Regional Burns and Plastic Surgery Unit, and Clatterbridge Cancer Centre.
A private foundation is a charitable organization that, while serving a good cause, might not qualify as a public charity by government standards. The Bill & Melinda Gates Foundation is the largest private foundation in the U.S. with over $38 billion in assets. Most private foundations are much smaller. Approximately two-thirds of the more than 84,000 foundations which file with the IRS, in 2008, have less than $1 million in assets, and 93% have less than $10 million in assets. In aggregate, private foundations in the U.S. control over $628 billion in assets and made more than $44 billion in charitable contributions in 2007.
Neurocare is a UK registered charitable organisation (1067575) which raises money for the neurosurgery department at Sheffield’s Royal Hallamshire Hospital.
The East Anglian Air Ambulance is an air ambulance providing Helicopter Emergency Medical Services (HEMS) across the counties of Norfolk, Suffolk, Cambridgeshire and Bedfordshire. The appeal to fund the service was launched in the summer of 2000 by top jockey Frankie Dettori, who had been a casualty in a serious plane crash a couple of months earlier. Flying commenced in January 2001 and the service was initially available only one day a week. The East Anglian Air Ambulance now operates two helicopters from its bases at Cambridge and Norwich airports, and the service now operates 365 days, covering over 5,000 square miles (13,000 km2) and a population of approximately 3.5 million.
The Nuffield Trust, formerly the Nuffield Provincial Hospitals Trust, is a charitable trust with the mission of improving health care in the UK through evidence and analysis.
Trust for London is an independent charitable foundation which aims to tackle poverty and inequality in London and its root causes. It was established in 1891 as the City Parochial Foundation and changed its name to Trust for London in 2010.
The Charity Commission for Northern Ireland is the independent regulator of Northern Ireland charities. It was established in 2009 under the Charities Act (NI) 2008.
Charities Services, formerly known as the Charities Commission, was established by the Charities Act 2005. Its responsibilities include:
Charitable trusts in English law are a form of express trust dedicated to charitable goals. There are a variety of advantages to charitable trust status, including exception from most forms of tax and freedom for the trustees not found in other types of English trust. To be a valid charitable trust, the organisation must demonstrate both a charitable purpose and a public benefit. Applicable charitable purposes are normally divided into categories for public benefit including the relief of poverty, the promotion of education, the advancement of health and saving of lives, promotion of religion and all other types of trust recognised by the law. There is also a requirement that the trust's purposes benefit the public, and not simply a group of private individuals.
Pod Children's Charity is a British non-profit organisation, which provides live entertainment for children in hospital and hospices throughout the UK.
