Trusts which enjoy tax-exempt status must conform strictly to their remit and cannot disburse any surplus monies except to fulfill their stated objectives.
And that doesn't even count the many other charitable organizations that have not filed for this tax-exempt status with the federal government.
The Campaign for Human Dignity is a tax-exempt, not-for-profit organization which has been warned by the state attorney general for improper tax filings.
They cannot, for example, gift monies simply as general assistance to a body which does not have tax-exempt status.
The core product offered by friendly societies remains the tax-exempt savings bond.
