Cal. Code Regs. tit. 18 § 15442.4
Current through Register 2024 Notice Reg. No. 25, June 21, 2024
A gift to or for an institution established for the purpose of advancing the learning or education of an indefinite and undetermined group of people, and not operated for private gain, is ordinarily charitable in nature. The charitable character of the gift is not vitiated by the fact that the institution may charge tuition, if its income from such source is used for its support and is not diverted to private purposes.
Gifts for the founding of public institutions of learning, for providing scholarships for worthy young men and women, for the establishment of university chairs, and for the maintenance of public libraries are all charitable in nature.
NOTE: Reference: Section 15442, Revenue and Taxation Code.
Cal. Code Regs. Tit. 18, § 15442.4