{"data":{"id":"us/12-cfr-192.560","jurisdiction":"us","citation":"12 CFR 192.560","heading":"Limitations on charitable contributions.","body":"A savings association may contribute a reasonable amount of conversion shares or proceeds to a charitable organization if such contribution will not exceed limits for charitable deductions under the Internal Revenue Code and the appropriate Federal banking agency does not object on supervisory grounds. If the savings association is well-capitalized, the appropriate Federal banking agency generally will not object if the savings association contributes an aggregate amount of eight percent or less of the conversion shares or proceeds.","path":["Title 12—Banks and Banking","CHAPTER I—COMPTROLLER OF THE CURRENCY, DEPARTMENT OF THE TREASURY","PART 192—CONVERSIONS FROM MUTUAL TO STOCK FORM","Subpart A—Standard Conversions"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-12.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:16Z","sha256":"e016a21e36a6789a4679eaa8321bd7e40262a242baed287e820082a4d9670f45","source_id":"us-cfr","stale":true,"prev":"us/12-cfr-192.555","next":"us/12-cfr-192.565"},"notice":"GroundRules: Original legal text. Not legal advice."}