Eleemosynary Corporation

English Legal System: Eleemosynary Corporation

In the context of the English law, A Dictionary of Law provides the following legal concept of Eleemosynary Corporation : (from Latin: eleemosyna, ‘alms’)

Originally, a lay (rather than an ecclesiastical) charity. An eleemosynary corporation is now a charity directed to the relief of individual distress.

Concept of Eleemosynary Corporation in the context of Real Property

A short definition of Eleemosynary Corporation: A corporation created for a charitable purpose. There are tax advantages accorded to such corporations. The corporation may operate the same as a profit making corporation. Commonly called a nonprofit corporation.

Concept of Eleemosynary Corporation in the context of Real Property

A short definition of Eleemosynary Corporation: A corporation created for a charitable purpose. There are tax advantages accorded to such corporations. The corporation may operate the same as a profit making corporation. Commonly called a nonprofit corporation.