In the U.S., only qualified organizations recognized by the Internal Revenue Service under Section 501(c)(3) of the U.S. Internal Revenue Code of 1986, as amended (the "IRC"), are eligible to receive charitable contributions. Certain publicly and privately funded U.S. schools, colleges and universities also may be permissible recipients as qualified Section 501(c)(3) organizations, if they are accredited by a nationally recognized accrediting agency or state department of education.
Outside of the U.S., only organizations determined to be the equivalent of a U.S. organization qualifying under IRC Section 501(c)(3) are eligible to receive charitable contributions under the Policy. Certain publicly and privately funded schools, colleges and universities also may be permissible recipients, if they are accredited by a nationally recognized accrediting agency. All such organizations must meet relevant legal and regulatory requirements, including but not limited to those pertaining to charitable equivalency, national security, and anti-corruption.
In addition, the Corporate Citizenship program does not support, nor are funds used in connection with: