pratfall (plural pratfalls) A fall onto the buttocks. A humiliating mistake. A staged trip or fall, often for comedic purposes. The motivational speaker started with a pratfall so he could speak about the importance of getting back up. Synonyms (a fall on to the buttocks): (a humiliating mistake): blunder, howler
The Many Advantages of 501c3 Status. 1  Tax-deductibility of donations to the organizationâyou can give tax-deductible receipts for all cash and non-cash donations. 2  Lower nonprofit postage rates for mailing over 250 identical pieces of mail. 3  Public service announcements on radio and TV (free but limited availability).
The primary distinction between public- and mutual-benefit nonprofits is in their treatment by the Internal Revenue Service. Section 501 of the federal tax code classifies nonprofit entities and establishes two benefits for which nonprofits can qualify: tax exemption and tax-deductible donations.