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Charitable Foundation USA

Charitable Foundation USA is organized and operated exclusively for charitable purposes as set forth in Section 501(c)(3) of the Internal Revenue Code of 1986. It is authorized to negotiate and receive contributions, gifts, bequests, and devises of real and personal property, outright or in trust, to be paid to or held in trust for itself or other organizations which are described in Section 501(c)(3), and to serve as trustee of any such trust. Charitable Foundation USA is also authorized to hold, administer, purchase, lease, sell, manage, convey, invest, pay, mortgage, exchange and receive property, real and personal, on its own behalf or as trustee or custodian.

The Internal Revenue Service has determined that Charitable Foundation USA is a tax-exempt organization described in Section 501(c)(3), and that it is a publicly supported organization – not a private foundation - under Sections 509(a) and 170(b)(1)(A)(vi). Donors may deduct contributions to Charitable Foundation USA as provided in Section 170. Bequests, legacies, devises, transfers, or other gifts to or for the use of Charitable Foundation USA are deductible for federal estate and gift tax purposes to the extent permitted under Sections 2055, 2106, and 2522.

Charitable Foundation USA is not a "community foundation" limited by Regulations 1.170A-9(e)(10) – (14). These regulations prohibit a "community foundation" from accepting materially restricted gifts. The board of directors of a "community foundation" must have discretion about how they use gifts. Charitable Foundation USA on the other hand, is legally obligated to follow the donor's restriction, if any.

CFUSA keeps information donors, lenders and borrowers provide through applications and other forms and agreements, including information about grant-making confidential. However, for donor recognition purposes, the normal practice of CFUSA is to identify the source of grants to the grantees receiving them, except where the donor has requested anonymity.

Web Site Terms of Use

The information on this site is offered "AS IS" for the use and convenience of visitors without warranty of any kind, either expressed or implied, including, but not limited to, the implied warranties of merchantability, fitness for a particular purpose, or non-infringement. Information on this website may contain inaccuracies or errors. Information may be changed or updated without notice. CFUSA has no obligation to update information presented on this website; therefore, information contained herein may be out of date at any given time. Changes, revisions or enhancements to charitable products, services, account or fund information described in this site may occur at any time without notice. CFUSA is not rendering any legal or professional service by placing information on this web site. All viewers of the information on this website regarding charitable products, services, account and fund information should contact CFUSA during normal business hours before making any decisions based on information found in this website. This website is not designed to advance, solicit or offer any particular charitable product or service. Any such reference to charitable products or services is purely for illustrative and informational purposes. Unauthorized copying, reproduction, transmitting, duplication, or use of the information on this website is prohibited.