Not-for-profit organization/Definition: Difference between revisions
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imported>Roger A. Lohmann (Add def.) |
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A [[nonprofit organization]]. Many authorities have tried (so far unsuccessfully) to establish a generally acceptable definition of this term that distinguishes it from the preferred [[nonprofit organization]]. Most efforts rely on drawing a subtle distinction (not making a profit vs. not ''intending'' to make a profit) | A [[nonprofit organization]]. Many authorities have tried (so far unsuccessfully) to establish a generally acceptable definition of this term that distinguishes it from the preferred [[nonprofit organization]]. Most efforts rely on drawing a subtle distinction (not making a profit vs. not ''intending'' to make a profit). Most authorities regard this as a false dichotomy (since nonprofit organizations are constrained from ''distributing'' profits, not making them) or as a distinction without a difference. | ||
Revision as of 16:07, 30 September 2007
A nonprofit organization. Many authorities have tried (so far unsuccessfully) to establish a generally acceptable definition of this term that distinguishes it from the preferred nonprofit organization. Most efforts rely on drawing a subtle distinction (not making a profit vs. not intending to make a profit). Most authorities regard this as a false dichotomy (since nonprofit organizations are constrained from distributing profits, not making them) or as a distinction without a difference.