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What Do We Mean When We Say "Nonprofit"?

What Do We Mean When We Say "Nonprofit"?

What Do We Mean When We Say "Nonprofit"?

Terminology obscures distinctions that are critical to understanding the rules that apply to organizations

We often start our lectures by quizzing the participants on their understanding of “nonprofits.”

By show of hands, how many think the following organizations are nonprofits?:

The Bill Gates Foundation; your church, synagogue, or mosque; the local United Way; the local community foundation; a major local university such as Harvard; a local social service organization; the Sierra Club; the local private golf club; the National Football League; the New York Stock Exchange.

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