Nonprofit organizations are a crucial part of our society, providing help to the needy, education for a lifetime and funds for good causes. These do not distribute its surplus funds to owners or shareholders, but instead uses them to help pursue its goals.[2] Examples of NPOs include charities (i.e. charitable organizations), trade unions, and public arts organizations. Most governments and government agencies meet this definition, but in most countries they are considered a separate type of organization and not counted as NPOs. They are in most countries exempt from income and property taxation.
There is a wide diversity of structures and services offered by RBC are
- Supervision and management
- Representation
- Accountability and Auditing
- Tax status of corporate and private donors
- Tax status of the foundation