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Logo of the United Nations Children's Fund (UNICEF), an organization of the United Nations. A nonprofit organization (NPO), also known as a nonbusiness entity, [1] nonprofit institution, [2] or simply a nonprofit, [a] is a legal entity organized and operated for a collective, public or social benefit, as opposed to an entity that operates as a business aiming to generate a profit for its owners.
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 ] [ 2 ] While not-for-profit organizations and non-profit organizations (NPO) are distinct legal entities, the terms are sometimes used interchangeably. [ 3 ]
Their facebook page has over 2.4 million followers. The Brights' Net is a nonprofit educational organization dedicated to "building a constituency" and "constructively address[ing] the marginalized situation of persons who have a naturalistic worldview." [7]
The Chan Zuckerberg Initiative, in partnership with The San Francisco Foundation and other philanthropic, business, and health organizations, created the Partnership for the Bay's Future in 2019 to "preserve, produce, and protect affordable housing". The Partnership includes a $500+ million fund for subsidized affordable housing units in the ...
On February 21, 2018, Moxie Marlinspike and WhatsApp co-founder Brian Acton announced the formation of the Signal Foundation, a 501(c)(3) nonprofit organization. [4] [8] The foundation was started with an initial $50 million loan from Acton, who had left WhatsApp's parent company, Facebook, in September 2017. [8]
In the United States and Canada, a web-based membership association that provides non-profit organizations with discounts on products and services, including technology providers, is the Non-Profit Purchasing Group. For developing areas or nations, technology may be available from organizations mentioned in Computer technology for developing areas.
The for-profit entity may also be directed by a sole proprietor, while a non-profit organization needs a board of directors. Like any other for-profit organization, it will base its accounting on the quarterly income, whereas a non-profit charity will purely focus on the activities carried out. [10]
In December 2013, Facebook enabled a "Donate" button for charities and non-profit organizations to raise money. [176] Approximately two years later, the company released a new fundraiser feature, exclusively allowing non-profits to set up campaign pages and collect payments.