MLchartDataset catalogue

Inurement

Term · Law · MLC-T-LAW-002739

The process by which the assets or income of a non-profit organization benefit a private individual, such as an insider or board member. This practice is generally prohibited for tax-exempt organizations, as it violates the principle that their resources must be used for public or charitable purposes. The Internal Revenue Service scrutinizes transactions for evidence of private inurement.

Table 1. Record
IdentifierMLC-T-LAW-002739
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-002739",
  "term": "Inurement",
  "field": "Law",
  "definition": "The process by which the assets or income of a non-profit organization benefit a private individual, such as an insider or board member. This practice is generally prohibited for tax-exempt organizations, as it violates the principle that their resources must be used for public or charitable purposes. The Internal Revenue Service scrutinizes transactions for evidence of private inurement.",
  "url": "https://mlchart.com/terminology/law/inurement/"
}

Record 2,667 of 5,441 in Law terminology (MLC-0107). Request the full dataset.