Eleemosynary corporations are nonprofit organizations established for charitable purposes. Examples include charities like the Red Cross, educational institutions like Harvard University, and religious organizations such as the Salvation Army. These entities primarily focus on providing support, relief, and services to the community rather than generating profit.
a corporation that both receives and dispenses charity
An example of an eleemosynary corporation is the American Red Cross. This organization operates as a nonprofit, providing humanitarian aid and disaster relief services without the intent of making a profit. Its activities are funded through donations, grants, and volunteer efforts, reflecting its mission to support those in need.
During difficult financial times, the city's soup kitchens were able to stay open due to the eleemosynary contributions of an anonymous donor.
Charity begins at home.
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The address of the Alabama Mens Hall Of Fame An Eleemosynary Corp is: 1125 E Collinwood Cir, Opelika, AL 36801-2703
Smart Communications and Bank of the Philippine Islands are examples of close corporation in the Philippines. The ABS-CBN Broadcasting Corporation is another example.
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Some examples of S corporation names include: ABC Consulting Services, XYZ Technologies Inc., Smith Associates LLC, Johnson Enterprises Group, and Greenway Investments Corporation.
The McDonald's corporation and McDonald' restaurants
examples of account title