not-for-profit

not-for-profit Definition

not·-for-profit (nät′fər präf′it)

adjective

not-for-profit Finance Definition

An organization that exists to fulfill a charitable, educational, or humanitarian purpose instead of making a profit. These organizations are exempt from paying sales and income tax, unless they undertake profit-making activities that are extensive enough to risk their tax-free status. Donations to not-for-profit corporations are tax deductible for the donor. Also called nonprofit.

not-for-profit Usage Examples

Modifies a noun

organization: Anchor Staying Put is a not-for-profit organization, part of Anchor Trust.
organization: Other lawyers work for not-for-profit organizations or disadvantaged people, usually being paid with legal aid monies.
sector: Working in the not-for-profit sector II: case studies.
consortium: The BBC says the lead co-ordinator is Digital UK, a not-for-profit consortium of public- sector broadcasters ( including the BBC ).
corporation: American Institute of Physics The American Institute of Physics ( AIP ) is a not-for-profit membership corporation.
association: Freedom From Fear - Freedom From Fear is a national not-for-profit mental health advocacy association.

Modifying Another Word

mainly: We believe it should remain a mainly not-for-profit entity and do not support its privatization.
strictly: The gradual growth and refinement of the collection has been a strictly not-for-profit enterprise.

Used with adjective complement

include: The broadening of marketing to include not-for-profit, services, good causes ( charities ) and even politics.

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not-for-profit

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