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Art Fund (formerly the National Art Collections Fund) is an independent membership-based British charity, which raises funds to aid the acquisition of artworks for the nation. It gives grants and acts as a channel for many gifts and bequests, as well as lobbying on behalf of museums and galleries and their users.
Collective trust funds or Collective Investment Trusts (CITs) are a legal trust administered by a bank or trust company that combines assets for multiple investors who meet specific requirements set forth in the fund’s declaration of trust. [1] Typically, a collective trust pools assets from corporate and governmental profit sharing, pension ...
The CDFI Fund and the legal concept of CDFIs were established by the Riegle Community Development and Regulatory Improvement Act of 1994. Broadly speaking, a CDFI is defined as a financial institution that: has a primary mission of community development , serves a target market, is a financing entity, provides development services, remains ...
Non-residents who operate a business in the Netherlands are subject to personal or corporate income tax in the Netherlands. As of January 1, 2022, the normal Corporate Income Tax Rate (CIT) rate is 25.8 percent (25 percent in 2021). There are two income tax brackets. The first income bracket is subject to a lower rate of 15%.
Foundation (nonprofit) A foundation (also referred to as a charitable foundation) is a type of nonprofit organization or charitable trust that usually provides funding and support to other charitable organizations through grants, while also potentially participating directly in charitable activities.
A public-benefit nonprofit corporation [1] is a type of nonprofit corporation chartered by a U.S. state government, and organized primarily or exclusively for social, educational, recreational or charitable purposes by like-minded citizens. Public-benefit nonprofit corporations are distinct in the law from mutual-benefit nonprofit corporations ...
Mission Asset Fund (MAF) is a San Francisco-based nonprofit organization that seeks to offer financial stability to low-income families by facilitating zero-interest lending and simultaneous credit building. Their model, based on the Mexican "tanda" system, links community members into rotating savings and credit associations, and then reports ...
A mutual-benefit corporation can be non-profit or not-for-profit in the United States, but it cannot obtain IRS 501 (c) (3) non-profit status as a charitable organization. [1] It is distinct in U.S. law from public-benefit nonprofit corporations, and religious corporations. Mutual benefit corporations must still file tax returns and pay income ...