Code of Virginia - Title 58.1 Taxation - Section 58.1-3618 College alumni associations and foundations

§ 58.1-3618. College alumni associations and foundations

Incorporated alumni associations operated exclusively on a nonprofit basis for the benefit of colleges or other institutions of learning located in Virginia, and incorporated charitable foundations conducted not for profit, the total income from which is used exclusively for literary, scientific or educational purposes, are hereby classified as charitable and cultural organizations.

(Code 1950, § 58-12.25; 1974, c. 469; 1984, c. 675.)

Sections:  Previous  58.1-3611  58.1-3612  58.1-3613  58.1-3614  58.1-3615  58.1-3616  58.1-3617  58.1-3618  58.1-3619  58.1-3620  58.1-3621  58.1-3622  58.1-3650  58.1-3650.1  58.1-3651  Next

Last modified: April 3, 2009