1.501(c)(10)-1. Certain fraternal beneficiary
societies
(a) For taxable years beginning after Dec. 31, 1969, an organization
will qualify for exemption under section 501(c)(10) if it --
(1) is a domestic fraternal beneficiary society
order, or association, described in section 501(c)(8) and the
regulations thereunder except that it does not provide for the
payment of life, sick, accident, or other benefits to its members,
and
(2) devotes its net earnings exclusively to
religious, charitable, scientific, literary, educational, and
fraternal purposes.
Any organization described in section 501(c)(7),
such as, for example, a national college fraternity, is not
described in section 501(c)(10) and this section. [Reg. §1.501(c)(10)-1.]
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