CMDC is organized for charitable purposes in accordance with I.R.C. § 501(c)(3). CMDC’s charitable purposes are delineated in the following four categories:
(1) Community Development: In accordance with IRS Publication 557, Tax-Exempt Status for your Organization, erection or maintenance of public buildings, monuments, or works, lessening the burden of government, and combating community deterioration are charitable purposes for purposes of I.R.C. § 501(c)(3); and engaging in community development activities and furthering economic development and social welfare by fostering increased employment opportunities as set forth herein falls under that umbrella. (2) Environmental Conservation: In accordance with Rev. Rul. 80-278, it is generally recognized that efforts to preserve and protect the natural environment for the benefit of the public constitute a charitable purpose within the meaning of I.R.C. §501(c)(3), and that the promotion and protection of natural resources has been recognized by Congress as serving a broad public benefit. (3) Elderly Services: In accordance with IRS Publication 557, Tax-Exempt Status for your Organization, relief of the poor, distressed, or underprivileged is a charitable purpose for purposes of I.R.C. § 501(c)(3), and the provisioning of services to the elderly falls under that umbrella. (4) Transportation Improvement: In accordance with IRS Publication 557, Tax-Exempt Status for your Organization, the erection or maintenance of public works and the lessening the burden of government are charitable purposes under I.R.C. § 501(c)(3), and improving public transportation in the Central Midlands Area falls under that umbrella.
