Community Chest (organization) in the context of Old-time radio

⭐ Core Definition: Community Chest (organization)

Community Chests, commonly referred to as community trusts, community foundations and united way organizations, are endowment funds pooled from a community for the purpose of charitable giving. The first Community Chest, "Community Fund", was founded in 1913 in Cleveland, Ohio, by the Federation for Charity and Philanthropy. Between 1919 and 1929, the number of Community Chest organizations increased from 39 to 353, surpassing 1,000 by 1948. After several name changes, in 1963 the term "United Way" was adopted in the United States, whereas the United Way/Centraide name was not adopted in Canada until 1973–1974.

The Community Chest was promoted on several old-time radio shows, including the H. J. Heinz Company–sponsored The Adventures of Ozzie and Harriet show, the S. C. Johnson & Son–sponsored Fibber McGee and Molly show, and the Chevron–sponsored Let George Do It show.

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Community Chest (organization) in the context of 501(c)(3)

A 501(c)(3) organization is a United States corporation, trust, unincorporated association, or other type of organization exempt from federal income tax under section 501(c)(3) of Title 26 of the United States Code. It is one of the 29 types of 501(c) nonprofit organizations in the U.S.

501(c)(3) tax-exemptions apply to entities that are organized and operated exclusively for religious, charitable, scientific, literary or educational purposes, for testing for public safety, to foster national or international amateur sports competition, or for the prevention of cruelty to children or animals. 501(c)(3) exemption applies also for any non-incorporated community chest, fund, cooperating association or foundation organized and operated exclusively for those purposes. There are also supporting organizations—often referred to in shorthand form as "Friends of" organizations.

View the full Wikipedia page for 501(c)(3)

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