id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
ftr-465	Sharpe, Donald L.	Unfair Business Competition and the Tax on Income Destined for Charity: Forty-Six Years Later	2022	103	.pdf	application/pdf	50618	2077	48	In contrast to other countries where major institutions attending to social needs are financed and operated by the government, many of the universities, schools, scientific research organizations, hospitals, libraries, museums, symphony orchestras, and social welfare agencies in the United States are voluntarily supported and operated by private citizens.' From the very beginning, tax law in the United States has recognized the unique role played by private, nonprofit charitable organizations by affording them exemption from tax.2 Section 501(c)(3) of the Internal Revenue Code exempts from income tax organizations organized and operated exclusively3 for religious, charitable,4 scientific, literary, or 1. The Statutory Standard Revisited.-From this perspective, the statutory exemption from tax afforded business activities substantially related (contributing importantly) to the fulfillment of the organization's charitable purpose is an appropriate standard in furtherance of this national policy.	cache/ftr-465.pdf	txt/ftr-465.txt