not-for-profit vs nonprofit
Definitions
noun
- an organization chartered for other than profit-making activities
Examples
The attorney general is bringing a case on the grounds that New York State's not-for-profit corporation law gives him the power to sue any nonprofit that pays excessive salaries.
After all, we're essentially trying to create a new system of accounting for the not-for-profit sector.
The series, tentatively titled So You Want to Run a Not-For-Profit Organization, will feature ten aspiring executives competing in grueling physical contests, ingesting unusual food-like items, and answering questions about section 501 (c) (3) of the Internal Revenue Code.
Definitions
adjective
- not commercially motivated
noun
- an organization chartered for other than profit-making activities
Examples
The committee submitted guidelines that applied to off-air recording by nonprofit educational institutions.
For the 1999-2000 school year EF cashed in some of its stock donated from start-ups and put $325,000 to work for the nonprofit.
It's a clever business tactic: Not only is the donation tax-deductible, but participating nonprofits bring in their lists, and shoppers are incentivized to buy, knowing the profits go to worthy causes.
