GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
---|---|---|---|---|---|---|
|
18:57 Feb 6, 2012 |
|
Dutch to English translations [PRO] Bus/Financial - Finance (general) / Algemeen Nut Beogende Instelling | |||||||
---|---|---|---|---|---|---|---|
|
| ||||||
| Selected response from: Lianne van de Ven United States Local time: 08:23 | ||||||
Grading comment
|
Summary of answers provided | ||||
---|---|---|---|---|
4 +3 | not-for-profit organization |
|
Summary of reference entries provided | |||
---|---|---|---|
|
Discussion entries: 15 | |
---|---|
not-for-profit organization Explanation: Or nonprofit organization In US also: 501(c) organization http://en.wikipedia.org/wiki/501(c)_organization http://en.wikipedia.org/wiki/Algemeen_nut_beogende_instellin... -------------------------------------------------- Note added at 4 hrs (2012-02-06 23:15:57 GMT) -------------------------------------------------- Organizations described in section 501(c)(3) are commonly referred to as charitable organizations. Organizations described in section 501(c)(3), other than testing for public safety organizations, are eligible to receive tax-deductible contributions in accordance with Code section 170. http://www.irs.gov/charities/charitable/article/0,,id=96099,... You may be interested to know that, in order to receive donations that are deductible you would need to have some articles of organization, like articles of incorporation or articles of association or trust document which is discussed starting on page 22 of www.irs.gov/pub/irs-pdf/p557.pdf http://en.allexperts.com/q/Nonprofit-Law-2266/2009/1/Donatio... You must contribute to a qualified tax-exempt organization. Charities will let you know if they have received their 501(c)(3) tax-exempt status. Some organizations are not required to obtain 501(c)(3) status from the IRS. These include churches and other religious organizations. http://taxes.about.com/od/deductionscredits/a/CharityDonatio... Most nonprofit organizations will make sure they are able to receive tax deductible donations. For proper translation, it should be noted that the organization has achieved tax exemption status, which are typically charitable organizations. But since you cannot assume that status for any organization that calls itself charitable, the only correct translation would be to describe it as such. ANBI-status itself is Dutch. http://en.wikipedia.org/wiki/Tax_exemption -------------------------------------------------- Note added at 3 days6 hrs (2012-02-10 01:36:01 GMT) Post-grading -------------------------------------------------- IMI ANBI/Charitable Status As of January 1st 2009, the Dutch Tax Service (Belastingdienst) has granted to IMI ANBI status. The Dutch abbreviation ANBI means Algemeen Nut Beogende Instellingen (Institution Aimed at the Common Good) refers to charitable, religious, humanistic, cultural and scientific institutions whose mission and operations are deemed by the Tax Service overwhelmingly to serve the Common Good. The Dutch government implements a fiscal policy that encourages the donation of funds to causes that advance the Common Good. Apart from granting tax advantages to IMI, ANBI status also favors IMI's Sponsors, Contributors and Patrons in countries that grant tax concessions to foreign registered charities, as well as those based in the Netherlands. Sponsors, Contributors and Patrons who have made a donation to IMI may be able to deduct the amount from taxable income. http://imimediation.org/imi-anbi-charitable-status |
| |
Grading comment
| ||