School choice is a term for education options that allow students and families to select alternatives to public schools. It is the subject of fierce debate in various state legislatures across the United States.
A nonprofit organization (NPO) or non-profit organization, also known as a non-business entity, or nonprofit institution, is a legal entity organized and operated for a collective, public or social benefit, in contrary with an entity that operates as a business aiming to generate a profit for its owners. A nonprofit is subject to the non-distribution constraint: any revenues that exceed expenses must be committed to the organization's purpose, not taken by private parties. An array of organizations are nonprofit, including some political organizations, schools, business associations, churches, social clubs, and consumer cooperatives. Nonprofit entities may seek approval from governments to be tax-exempt, and some may also qualify to receive tax-deductible contributions, but an entity may incorporate as a nonprofit entity without securing tax-exempt status.
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. Some important terminology in charitable trusts includes the term "corpus", referring to the assets with which the trust is funded, and the term "donor," which is the person donating assets to a charity.
The Gates Cambridge Scholarship is an international postgraduate award for students to study at the University of Cambridge. The scholarship is one of the most competitive and prestigious in the world, with around 1.3% of applicants receiving an award in recent years.
A 529 plan, also called a Qualified Tuition Program, is a tax-advantaged investment vehicle in the United States designed to encourage saving for the future higher education expenses of a designated beneficiary. In 2017, K–12 public, private, and religious school tuition were included as qualified expenses for 529 plans along with post-secondary education costs after passage of the Tax Cuts and Jobs Act.
B.M.S. College of Engineering or Bhusanayana Mukundadas Sreenivasaiah College of Engineering (BMSCE) is a private engineering college in Basavanagudi, Bangalore, India. It was started in 1946 by Bhusanayana Mukundadas Sreenivasaiah and is run by the B.M.S. Educational Trust. It is affiliated with Visvesvaraya Technological University and became autonomous in 2008. BMSCE is located on Bull Temple Road, Basavanagudi, diagonally opposite to the famous Bull Temple. Though a private college, it is partially funded by the Government of Karnataka.
A charitable organization or charity is an organization whose primary objectives are philanthropy and social well-being.
A financial endowment is a legal structure for managing, and in many cases indefinitely perpetuating, a pool of financial, real estate, or other investments for a specific purpose according to the will of its founders and donors. Endowments are often structured so that the inflation-adjusted principal or "corpus" value is kept intact, while a portion of the fund can be spent each year, utilizing a prudent spending policy.
The Rajiv Gandhi Foundation was established on 21 June 1991. The foundation works on a range of issues including development of knowledge, health, disability, authorization of the destitute, livelihoods and natural resource management. Its current focus areas are community welfare, literacy, health and special programmes for children and women. All donations to the foundation are tax deductible to the extent of 50 percent under section 80G of the Income Tax Act.
A 501(c) organization is a nonprofit organization in the federal law of the United States according to Internal Revenue Code and is one of over 29 types of nonprofit organizations exempt from some federal income taxes. Sections 503 through 505 set out the requirements for obtaining such exemptions. Many states refer to Section 501(c) for definitions of organizations exempt from state taxation as well. 501(c) organizations can receive unlimited contributions from individuals, corporations, and unions.
In the United States, a donor-advised fund is a charitable giving vehicle administered by a public charity created to manage charitable donations on behalf of organizations, families, or individuals. To participate in a donor-advised fund, a donating individual or organization opens an account in the fund and deposits cash, securities, or other financial instruments. They surrender ownership of anything they put in the fund, but retain advisory privileges over how their account is invested, and how it distributes money to charities.
A 501(c)(3) organization is a United States corporation, trust, unincorporated association or other type of organization exempt from federal income tax under section 501(c)(3) of Title 26 of the United States Code. It is one of the 29 types of 501(c) nonprofit organizations in the US.
The California State Student Association (CSSA), also known as the Cal State Student Association, is an "unincorporated income tax-exempt association". CSSA is exempt from taxation under Section 501(c)(3) of the United States Internal Revenue Code and it is exempt from state franchise or income tax under California Revenue and Taxation Code Section 23701d. CSSA is registered with the California Attorney General’s Registry of Charitable Trusts.
Until 1969, the term private foundation was not defined in the United States Internal Revenue Code. Since then, every U.S. charity that qualifies under Section 501(c)(3) of the Internal Revenue Service Code as tax-exempt is a "private foundation" unless it demonstrates to the IRS that it falls into another category such as public charity. Unlike nonprofit corporations classified as a public charity, private foundations in the United States are subject to a 1.39% excise tax or endowment tax on any net investment income.
The Commission on Private Philanthropy and Public Needs, better known as the Filer Commission, was formed in 1973 to study philanthropy, the role of the private sector in American society, and then to recommend measures to increase voluntary giving. Organized as a privately supported citizen's board, the Commission came into being through the efforts of John D. Rockefeller III, Wilbur D. Mills, George P. Shultz, and William E. Simon. The selection of participants on the Commission reflected a desire for diversity of experience and opinions and included heads of religious and labor groups, former cabinet secretaries, corporate and fd Foreign Securities Corporation and President of Metropolitan Museum of Art.
- Edwin D. Etherington, Former President of Wesleyan University and Trustee of Alfred P. Sloan Foundation.
- Bayard Ewing, Tillinghast, Collins and Graham and Vice Chairman of United Way of America.
- Frances Tarlton Farenthold, Past Chairperson of National Women's Political Caucus.
- Max M. Fisher, Chairman of United Brands Company and Honorary Chairman of United Foundations.
- Reverend Raymond J. Gallagher, Bishop of Lafayette-in-Indiana.
- Earl G. Graves, Publisher of Black Enterprise and Commissioner of Boy Scouts of America.
- Paul R. Haas, President and Chairman of Corpus Christi Oil and Gas Company and Trustee of Paul and Mary Haas Foundation.
- Walter A. Haas Jr., Chairman of Levi Strauss and Company and Trustee of the Ford Foundation.
- Philip M. Klutznick, Klutznick Investments and Chairman of Research and Policy Committee and Trustee of Committee for Economic Development.
- Ralph Lazarus, Chairman of Federated Department Stores, Inc. and Former National Chairman of United Way of America.
- Herbert E. Longenecker, President Emeritus of Tulane University and Director of United Student Aid Funds.
- Elizabeth J. McCormack, Special Assistant to the President of Rockefeller Brothers Fund, Inc.
- Walter J. McNerney, President of Blue Cross Association.
- William H. Morton, Trustee of Dartmouth College.
- John M. Musser, President and Director of General Service Foundation.
- Jon O. Newman, Judge, U.S. District Court and Chairman of Hartford Institute of Criminal and Social Justice.
- Graciela Olivarez, State Planning Officer and Director of Council on Foundations, Inc.
- Alan Pifer, President of Carnegie Corporation of New York.
- George Romney, Chairman of the National Center for Voluntary Action.
- William Matson Roth, Regent of University of California and Chairman of San Francisco Museum of Art.
- Althea T. L. Simmons, Director for Education Programs of the NAACP Special Contribution Fund.
- Reverend Leon H. Sullivan, Pastor of Zion Baptist Church, Philadelphia.
- David B. Truman, President of Mount Holyoke College.
The University of the People (UoPeople) is a non-profit private, distance education university.
White-Williams Scholars is an education charity that assists underprivileged children in the Philadelphia, Pennsylvania area. It is one of the oldest charitable organizations in the United States. In 2011, White-Williams Scholars merged with Philadelphia Futures, another education organization in the area.
The US–China Education Trust is a non-profit organization based in Washington D.C. Founded in 1998 by Ambassador Julia Chang Bloch, the first Chinese-American U.S. Ambassador, USCET seeks to promote China–United States relations through a series of education and exchange programs. The organization sponsors a variety of fellowships, conferences, workshops and exchanges, focused primarily on strengthening Chinese academic institutions related to the fields of American Studies, Media and Journalism, American Governance, and International Relations.
The National Society of Public Accountants (NSPA), later shortened to National Society of Accountants (NSA), is a professional association for tax and accounting professionals; NSA and its state affiliates represent more than 30,000 independent practitioners who provide accounting, tax, auditing, financial and estate planning, and management services to 19 million individuals and businesses. NSA's mission is to provide national leadership in the profession of accountancy and taxation through the advocacy of practice rights, and by the establishment and promotion of high standards in ethics, education, and professional excellence.
The Jack Kent Cooke Foundation is a private, independent foundation which provides scholarship programs to gifted students in the U.S. who have financial need. It offers academic advising and other support services to students from 8th grade to graduate school. Since 2000, it has awarded over $175 million in scholarships to nearly 2,300 students and more than $97 million in grants to organizations that serve gifted low-income students.
