Non-profit organization

A non-profit organization (sometimes abbreviated to "not-for-profit," "non-profit" or "NPO") is an organization whose primary objective is to support some issue or matter of private interest or public concern for non-commercial purposes. Non-profits may be involved in an innummerable range of areas relating to the arts, charities, education, politics, religion, research, or some other endeavour.

Examples

The largest non-profit organization in the United States is the Bill and Melinda Gates Foundation, which has an endowment of approximately $27 billion. The second-largest is the Howard Hughes Medical Institute, which has an endowment of approximately $11 billion. The largest organisation of this kind in the rest of the world is probably the British Wellcome Trust, though it is a "charity" in British usage, not a "non-profit". Note that this listing excludes universities, at least a few of which have assets in the tens of billions of dollars.

Related Topics:
Bill and Melinda Gates Foundation - Howard Hughes Medical Institute - Wellcome Trust - Universities

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