charitable institution

charitable institution
One which dispenses charity to all who need and apply for it, does not provide gain or profit in private sense to any person connected with it, and does not appear to place obstacles of any character in way of those who need and would avail themselves of charitable benefits it dispenses.
Distinctive features are that it has no capital stock or shareholders and earns no profits or dividends; but rather derives its funds mainly from public and private charity and holds them in trust for objects and purposes expressed in its charter. Methodist Old Peoples Home v. Korzen, 39 I11.2d 149, 233 N.E.2d 537, 541, 542; People ex rel. Nordlund v. Association of Winnebago Home for Aged, 40 I11.2d 91, 237 N.E.2d 533, 539

Black's law dictionary. . 1990.

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  • charitable institution — index foundation (organization) Burton s Legal Thesaurus. William C. Burton. 2006 …   Law dictionary

  • charitable institution —    A charitable institution is an institution established out of the motive of charity to provide help to those in need, such as the poor, handicapped, infirm, elderly, and victims of natural disasters …   Glossary of theological terms

  • charitable institution — An institution organized for benevolent and charitable purposes, free from any element of private or corporate gain, and which devotes its entire revenue to the payment of current expenses and the relief of the poor and needy, albeit it may… …   Ballentine's law dictionary

  • charitable institution — One which dispenses charity to all who need and apply for it, does not provide gain or profit in private sense to any person connected with it, and does not appear to place obstacles of any character in way of those who need and would avail… …   Black's law dictionary

  • charitable — [ ʃaritabl ] adj. • fin XIIe; de charité 1 ♦ Qui a de la charité pour son prochain, qui donne, pardonne aisément, est indulgent. Une âme charitable. Vous n êtes pas très charitable envers lui. Ce n était pas très charitable de le lui faire… …   Encyclopédie Universelle

  • Charitable — Char i*ta*ble, a. [F. See {Charity}.] 1. Full of love and good will; benevolent; kind. [1913 Webster] Be thy intents wicked or charitable, . . . . . . I will speak to thee. Shak. [1913 Webster] 2. Liberal in judging of others; disposed to look on …   The Collaborative International Dictionary of English

  • Institution — In sti*tu tion, n. [L. institutio: cf. F. institution.] [1913 Webster] 1. The act or process of instituting; as: (a) Establishment; foundation; enactment; as, the institution of a school. [1913 Webster] The institution of God s law is described… …   The Collaborative International Dictionary of English

  • institution — The commencement or inauguration of anything, as the commencement of an action. The first establishment of a law, rule, rite, etc. Any custom, system, organization, etc., firmly established. An elementary rule or principle. See also institute An… …   Black's law dictionary

  • institution — The commencement or inauguration of anything, as the commencement of an action. The first establishment of a law, rule, rite, etc. Any custom, system, organization, etc., firmly established. An elementary rule or principle. See also institute An… …   Black's law dictionary

  • institution — The act of instituting or establishing something. Something that has been established, particularly a place where an educational or charitable enterprise is conducted. Trustees of Kentucky Female Orphan School v Louisville, 100 Ky 470, 36 SW 921 …   Ballentine's law dictionary

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