Ads
related to: should you start a non-profit foundation- Start Your Dream Business
7 easy steps to start the business
you've been dreaming of.
- Converting A Sole Prop
Learn About Converting Sole
Proprietorships To An LLC.
- Start An LLC Today
Here's What You Need To Know
About Getting Your LLC Started.
- Business resource center
Here's what you need to start, run,
and legally protect your business.
- Start Your Dream Business
Search results
Results from the WOW.Com Content Network
A foundation should not have commercial activities as its main purpose, but they are permitted if they serve the main purpose of the foundation. There is no minimum starting capital, although in practice at least €50,000 is considered necessary. A German foundation can either be charitable or serve a private interest.
A not-for-profit or non-for-profit organization (NFPO) is a legal entity that does not distribute surplus funds to its members and is formed to fulfill specific objectives. [1] An NFPO does not earn profit for its owners, as any revenue generated by its activities must be put back into the organization.
In a non-profit corporation, the "agency problem" is even more difficult than in the for-profit sector, because the management of a non-profit is not even theoretically subject to removal by the charitable beneficiaries. The board of directors of most charities is self-perpetuating, with new members chosen by vote of the existing members.
Being nonprofit doesn’t mean nonprofit organizations can’t, or shouldn’t, make a profit. If they don’t, they put themselves in danger of becoming unable to provide the community services ...
A foundation in the United States is a type of charitable organization. Though, the Internal Revenue Code distinguishes between private foundations (usually funded by an individual, family, or corporation) and public charities ( community foundations and other nonprofit groups that raise money from the general public).
[37] [38] A private nonprofit organization, GuideStar, provides information on 501(c)(3) organizations. [39] [40] ProPublica's Nonprofit Explorer provides copies of each organization's Form 990 and, for some organizations, audited financial statements. [41] Open990 is a searchable database of information about organizations over time. [42]
Ads
related to: should you start a non-profit foundation