|
|
| 10%
Limitation |
Ten percent of corporate donors' taxable income,
without regard to charitable contribution tax deductions, is the maximum
amount that C corporations can claim as deductions for gifts to nonprofits
in any tax year. |
| 11
Digit Barcode |
A series of vertical bars and half bars representing
the ZIP + 4 Code, the delivery sequence and a check digit required for automation
rate discounts. Although it is referred to as 11 digits, it is actually
comprised of 12 digits.
|
| 20%
Limitation |
A percentage limitation which individual donors
must apply to some gifts to private foundations. |
| 30%
Limitation |
Thirty percent of an individual donors' contribution
bases, which is the maximum amount that they can claim as deductions for
gifts of appreciated property to nonprofits in any tax year (and to gifts
"for the use of," rather than "to," nonprofits, and to certain gifts to
private foundations). The limit may actually be less because of the donors'
gifts qualifying for the 50% limitation.
|
| 360
Degree Feedback |
An evaluation method that provides each employee
the opportunity to receive performance feedback from his or her supervisor
and four to eight peers, reporting staff members, co-workers and customers. See
also:Evaluation, Performance Evaluation
|
| 50%
Election |
An election which donors can make on their
original tax returns so that gifts of appreciated property to nonprofits
can be deducted under the 50% limitation rather than the 30% limitation.
To qualify, donors must subtract all the long-term capital gain from the
value of the gift.
|
| 50%
Limitation |
Fifty percent of individual donors' contribution
bases, which is the maximum amount that they can claim as deductions for
gifts to nonprofits in any tax year. Gifts must be "to," not just "for the
use of," a nonprofit to qualify for the 50% limitation. |
| 50%
Limitation Charity |
An organization described in IRS Section 170(b)(1)(A). |
| 50%
Organization |
An organization described in IRS Section 170(b)(1)(A).
|
| 501(c)(3) |
Section of the Internal Revenue Code that
designates an organization as charitable and tax exempt. Organizations qualifying
under this section include religious, educational, charitable, amateur athletic,
scientific or literary groups, foundations, organizations testing for public
safety or organizations involved in prevention of cruelty to children or
animals. |
| 501(c)(4
through 26) |
The tax code sets forth a list of sections—501(c)(4–26)—to
identify other nonprofit organizations whose function is not solely charitable
(e.g., professional or veterans organizations, chambers of commerce, fraternal
societies, etc.).
|
| 501(c)(4) |
Nonprofit entities to which contributions
are tax-deductible to the extent permitted by law. 501c(4) organizations
are community or fraternal organizations that are not solely charitable.
|
| 501(c)(6) |
Section of the Internal Revenue Code that
exempts organizations such as chambers of commerce, boards of trade, business
leagues, and similar organizations from federal taxation. Such organizations
may not receive tax-deductible donations. A section 501(c)(6) organization
that engages in lobbying may be required either to notify its members about
the percentage of dues that are used for lobbying activities or to pay a
proxy tax.
|
| 501(h) |
The expenditure test for lobbying activity
under IRS section 4911, which sets limits for lobbying expenditures based
on budget size, but capped at $1,000,000. |
| 501(h)
Election |
The option to have lobbying activity evaluated
under the 501(h) expenditure test, rather than the Insubstantial Part Test.
|
| 509(a) |
Section of the tax code that defines public
charities (as opposed to private foundations). A 501(c)(3) organization
also must have a 509(a) designation to further define it as a public charity.
|
|
Glossary information provided by the Nonprofit Good Practice Guide, a project of the Philanthropic and Nonprofit Knowledge Management Initiative (PNKM) at the Dorothy A. Johnson Center for Philanthropy & Nonprofit Leadership.
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