501(c)(3) Organization

An organization that is exempt from federal income taxation under Section 501(a) of the Code.

Dive Deeper on Tax Issues

Learn more about how various aspects of tax law intersect with municipal securities.

See Also

Qualified 501(c)(3) Bonds

The term used in Section 145 of the code to refer to a type of tax-exempt bonds issued as private activity bonds for the benefit of a 501(c)(3) organization.


  • News,

Public Finance Perspective: Rays of Hope for Public Works Financing

Two recent IRS releases offering relief and promoting financial stability in uncertain economic times address regulatory exceptions for bond guarantees and the treatment of Demand Deposit State and Local Government…

  • Webinars
  • CLE Eligible

Qualified 501(c)(3) Bonds [The Essentials 2023]

This session will introduce federal tax laws governing municipal bonds.

Port of Seattle, Washington. Source: Wikimedia Commons
  • Issue Briefs

Expand Private Activity Bonds (PABs)

Expand Financing Options for Innovative and Critical Projects

  • Webinars
  • CLE Eligible

Tax Issues in 501(c)(3) Financings [Workshop 2022]

This panel focuses on Section 501(c)(3) organizations created by or “backed” by developers or other private parties to accomplish tax-exempt bond financing, with discussion of the issues that arise under…

  • Webinars
  • CLE Eligible

Multifamily Housing [Workshop 2022]

This panel reviews current and emerging market trends and related issues for housing practitioners, including current deal structures and issues relating to volume cap use, federal legislation, the interplay of…

  • Webinars
  • CLE Eligible

Health Care Facilities – Non-Tax Matters [Workshop 2022]

This panel examines non-tax issues for financings of 501(c)(3) health care providers, with the panel addressing hot topics in health care finance. The primary focuses are expected to be considerations…

Hudson Yards Rail Yards

Start with the Bond Basics

Hundreds of Terms and Concepts

Interest Rate Swap

A type of derivative, in which the interest rate on the bonds is swapped, or exchanged, by the issuer for an agreed-upon fixed rate or variable rate based upon an index, calculated on a notional principal amount.