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Nonprofit Leaders
| Question | Answer |
|---|---|
| foundation | a nonprofit corporation or a charitable trust that makes grants to organizations, institutions, or individuals for charitable purposes such as science, education, culture, and religion. |
| board of directors | A group of volunteers that serve as the governing body of a non profit organization |
| Sources of revenue a nonprofit can take in | Donations Income from sales of goods and services Government funding Grant funding |
| Social capital | To permit a full and warm joining with others to address issues of public and community concern by means of voluntary associations and bureaucratic organizations as well |
| What choices made by the government can affect the size and scale of its nonprofit sector ? | The degree to which it will provide social service programs |
| How does the government set the stage for non profit action? | By certifying those organizations it will recognize as tax exempt |
| What are the three levels foundations come in? | National Regional Community |
| Regional foundations | Support programs that are perceived to have a particular impact on problems of a region typically those identified by the donors themselves |
| National foundations | Support programs that are seen to have a particular impact on a pressing problem of broad concern |
| Community foundations | Draw support from many local donors and seek to enhance the social capacity of organizations of particular city |
| Process by which an organization receives tax exemption | One time review conducted in full rigor only before the org moves into fully operational mode |
| What is the annual form that to achieve tax exemption? | 990 |
| Better business bureau, charities information bureau, charity navigator and the American institute of philanthropy are examples of what? | Regulators |