Certain fraternal beneficiary societies.

§ 1.501(c)(10)–1 Certain fraternal beneficiary societies. (a) For taxable years beginning after December 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. [T.D. 7172, 37 FR 5618, Mar. 17, 1972]