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Charitable Foundation
An organization that manages assets and uses the investment proceeds from those assets exclusively to provide funding for religious, charitable, scientific, artistic, literary, educational, or humanitarian activities. If the organization qualifies for exemption from federal taxation under Section 501(c)(3) of the Internal Revenue Code, you may be able to deduct the current cash value of a donation to a charitable foundation from your taxable income or taxable estate.
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Charitable Foundation 
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