Glossary

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Abandonment
An outbound telephone call is “abandoned” if a person answers and the telemarketer does not connect the call to a live sales representative within two ...
Audited Financial Statement
This statement is an organization’s financial statement that has been prepared and certified by a Certified Public Accountant (CPA). The CPA (the auditor) certifies that ...
CAN-SPAM
As society becomes more reliant on the Internet and mobile phones, more clients have also retained us to advise them regarding restrictions applicable to email ...
Certificate of Authority

Generally, a certificate of authority is required in each state where an organization, which is not incorporated in the state, but has a physical location, ...

Charitable Gift Annuity
A transfer of cash or other property by a donor to a charitable organization in return for an annuity payable over one or two lives, ...
Charitable Organization
An organization that is tax exempt under Section 501(c)(3) of the Internal Revenue Code or any organization established for any voluntary health and welfare, benevolent, ...
Charitable Prize/Promotions and Other Games
Many states allow certain charitable organizations to conduct charitable games including bingo, raffles, and other games; other states forbid these games altogether. The state statutes ...
Charitable Purpose
Any purpose described in Section 501(c)(3) of the Internal Revenue Code or any voluntary health and welfare, charitable, benevolent, philanthropic, patriotic, educational, humane, scientific, public ...
Charitable Raffle
A game conducted by a qualified charitable organization in which a participant buys a ticket for a chance at a prize with the winner determined ...