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Not-for-profit |
Also found in: Dictionary/thesaurus, Wikipedia, Hutchinson | 0.04 sec. |
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Not-for-profit An organization established for charitable, humanitarian, or educational purposes that is exempt from some taxes and in which no one in profits or losses. Not-for-profit. A not-for-profit organization pays taxes and may make a profit, but those profits are not distributed to its owners or members. Private clubs, sports organizations, political organizations, and advocacy groups are examples of not-for-profit institutions. Contributions to these not-for-profits are not tax deductible. Until it became a publicly traded company in 2006, the New York Stock Exchange was a not-for-profit membership association. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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