Why Charitable Registration is Important?
- Author Scott Paul
- Published March 18, 2012
- Word count 406
A charitable organization needs to be registered with the local jurisdiction of that particular area. For charitable registration you need to complete certain prerequisites. If an online facility for charitable registration is available in your area then you may collect all the required documents and apply online registration. But if such a facility is not provided by your area you may have go to personally and submit registration form. Some important conditions that you have to fulfill for charitable registration are discussed below:
There should be at least two trustees to register a charitable organization. Number may be increased further as there is no upper limit.
You have to prepare a trust deed or Memorandum of Association stating the aims and objectives of your trust. Your aims and objectives should completely be in favor of helping needy and for the cause of refinement of the society and should not involve any political or religious activity. Trust deed includes the following:
• The names of the authors and trustees
• The names of the beneficiaries
• Name of the trust
• Name of the Place where office of the trust will be located.
• Aims and objectives of the trust
• Sources from where the trust will receive funds
• Addresses and id proofs of the trustees
Advantages of Charitable registration
• Registration will help to exempt the organization from paying income taxes. It also helps the donor to receive back the tax paid by the donor.
• An organization can issue official receipts for gifts received
• Once registered a charitable organization become eligible to receive gifts from other non-profit organizations, corporations and government agencies.
• A registered charitable organization has to follow some rules and regulations that are laid down by the jurisdiction of that area.
• Credibility of a charitable organization increases and become easy to receive charitable grants.
There are certain obligations that every charitable organization has to follow after the registration. A charitable organization cannot support any personal entity and has to devote all its funds for charitable purposes and activities. They have to file annual return stating about the use of its fund. A charitable organization has to maintain proper records and account statements to present if asked by any government agency. After registration a charitable organization has to follow all the rules and regulations of the act while giving official receipts of donations. From time to time a registered charitable organization has to update their address, names of directors, objectives and structures.
Must visit charitable registrations, Fundraising Counsel and Fundraising counsel registration
Article source: https://articlebiz.comRate article
Article comments
There are no posted comments.
Related articles
- Vintage Furniture, Armoires, and Sideboards in Luxury Rentals: Curating Character and Charm
- Hospitality Design and Carved Doors: Crafting First Impressions Through Artistry
- Exercises to Help Plantar Fasciitis in the Foot
- The Foundation of Health: How to Tell if You Need Arch Supports
- The Best COREtec Flooring Colors for Every Design Style
- SEPTIC SYSTEM VS. SEWER SYSTEM: KEY DIFFERENCES EXPLAINED
- “When the Camera Lies: The True Stories Behind Hollywood’s Greatest Myths.”
- The Weight of Deception: Unmasking False Promises in the Weight Loss Market.
- The Silent Saboteur: Unraveling the Health Risks of Being Overweight.
- “Chaos Behind the Camera: Legendary On-Set Feuds and Filmmaking Nightmares That Changed Hollywood Forever.”
- The Expanding Burden: How Excess Weight Reshapes Human Health
- “Alternate Reels: How Cinema Might Have Changed if History Rolled Differently.”
- ICCTA Successfully Completes Second Beijing International Week of Intangible Cultural Heritage
- Weight Loss Myths: The Hidden Truth Behind Why So Many People Struggle to Keep the Weight Off
- CNC Milling In The Prototype-To-Production Process: How It Speeds Up Product Development
- The Hidden Truth About Weight Loss: Why Your Body Resists and How to Work With It.
- “Francis Ford Coppola: Genius and Chaos in the Making of a Hollywood Legend.”
- Why the ARRI Alexa Mini Still Outnumbers Every 4K Flagship on Professional Sets
- Beyond the Scale: The Real Truth About Weight Loss and Weight Management.
- “Marlon Brando: The Actor Who Changed Hollywood Forever.”
- “The Genius and the Scandal: Woody Allen’s Films and the Shadows Behind Them.”
- Grounded Farmhouse Living: The Soul of Vintage Furniture
- “Leonardo DiCaprio: The Reluctant Star Who Redefined Hollywood Stardom.”
- The Grounded Bohemian Home: Hand-Painted Antique Doors & Vintage Furniture
- “Behind the Curtain: The Private World of Raymond Burr.”
- Cabin Decor: A Perfect Mountain Hideaway
- Vintage Carved Wood: Where Ancient Symbols Meet Vibrant Color
- “From Pixels to Projectors: How Video Games Reshaped Modern Cinema.”
- THE TWO MOST BEAUTIFUL WORDS
- Zimbabwe News as a Catalyst: How Informed Journalism is Shaping a New African Reality