Public charities receive more favorable tax treatment than do exempt organizations which are classified as private foundations.

Question

Quizplus · Accepted Answer

Public charities are classified under section 501(c)(3) of the Internal Revenue Code and are eligible for more favorable tax treatment, including tax-deductible donations for their donors, whereas private foundations are subject to stricter regulations and limitations, including excise taxes on their investment income.

Public Charities Receive More Favorable Tax Treatment Than Do Exempt