AMERICAN RED CROSS

History and Present of American Red Cross

Abstract

In this study we try to explore the concept of “American Red Cross” in a holistic context. The main focus of the research is on “American Red Cross” and the implication of “section 501 (c) (3)”. The research also analyzes the impact of “section 501 (c) (3)” on the “American Red Cross” in terms of the qualification of the organization for tax exemption. Finally the research focuses on “the history and present scenario” of “American Red Cross” in order to enlighten the advancements that have been made and the improvement of the organization's tactics to assist the victims of diverse calamities.

Table of Contents

Introduction1

Thesis Statement2

Information Sources2

Findings2

History2

American Red Cross3

The Functions and Significance of American Red Cross4

American Red Cross Spending5

American Red Cross and Implication of Section 501 (c) (3)6

The Stakeholders of American Red Cross7

Conclusion8

References10

Appendices11

History and Present of American Red Cross

Introduction

The purpose of this paper is to enlighten and explore the Red Cross of America. The paper discusses the historical background of the Red Cross along with the current status of the organization. Nevertheless, the study intends to focus on the section 501 (c) (3). The section specifically enlightens the prospects through which the tax exemption may be applied. International Committee of Red Cross (commonly known as Red Cross) was established in 1863 as a non-profit social organization. Red Cross works under the head of The International Red Cross and Red Crescent Movement, which is the world's largest humanitarian network. Main objective of the Red Cross is to protect life and health, assuage human suffering, and endorse human dignity. Red Cross supported the development of international humanitarian law (IHL) to make basis for guiding its vision and mission. Red Cross has global operations, and present in nearly every country.

The human service, nonprofit, charitable, and voluntary sector is important to our society. The labels used to distinguish these organizations from government and private-sector corporations reveal their merits: nonprofit, accenting altruism and disregard of self-interest; charitable, referring to reliance on donations and generosity; and voluntary, indicating the significance of volunteers as a primary resource. They are powerful generators of social value for certain, but they also create economic value. The human service organization that has been selected for this paper is International Committee of Red Cross.

Red Cross organization governing bodies consists of a Governing Assembly, Executive Directorate Body, and an Assembly Council. Assembly is dominated by the President, two vice-presidents, Swiss national 25 co-opted members, and 15 national members. Assembly enables the Red Cross to monitor all ICRC activities across the globe. This provides provision to the Red Cross for enhancing the support level of the organization across the globe, and fostering quick decision making and uniform policy development.

Thesis Statement

American Red Cross is a non-profit organization that works for the betterment of human life by providing food, shelter and assistance to the victims of several disasters; hence, the implication of the section 501 (c) (3) has a significant impact on the services offered by American Red Cross as it ...