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(4) CED that Promotes Commerce or Industry
•This type of CED can be charitable if it benefits the public or a sufficient section of the public, and not just members of the industry. Unlike other type of charitable CED, it is not required to benefit a specific eligible beneficiary
•Examples of purposes that may be acceptable are:
–Promoting greater efficiency within an industry
–Promoting the achievement or preservation of high standards of practice within an industry
•Organizations that conduct these types of activities and wish to obtain charitable status will require independent and objective expert opinions stating their activities benefit the public
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