Advantage/Disadvantages
What benefit do Non-Profit organizations receive by having 501(c)(3) status?
Being exempt from federal income taxes
Local: Helps give the less fortunate clothes, shelter, meals, and provides them with things they need
City Mission
When were nonprofits created?
19th century
Which famous singer made significant donations to food banks in cities along her "Eras Tour" in 2023-2024?
Taylor Swift
What is the Legal structure that protects personal assets of founders, directors, and members of the organization?
Limited Liability
Local: Deals with assisting with shelter for the homeless and the less fortunate
Bethesda House of Schenectady
When was the Peabody Fund founded?
1867
Which tech mogul and Facebook founder donated nearly $2 billion to charity in 2017?
Mark Zuckerberg
What is a disadvantage that comes from the amount of work needed for a Non-Profit?
Extensive Paperwork
National: It provides emergency assistance, disaster relief, preparedness education, and manages blood donation services nationwide
Red Cross
How many Non-Profit Organizations are in the US?
1.9 million
Which Microsoft co-founder created a foundation that has donated over $100 million to fight malaria?
Bill Gates
What is a disadvantage of their financial records being revealed to the public
Public Scrutiny
National: They rescue surplus food from manufacturers and retailers, provide billions of meals annually to people in need, and advocate for policies that address the root causes of hunger
Feeding America
What percentage of of the nonprofit workforce is women?
75%
Which "Shark Tank" investor and billionaire owner of the Dallas Mavericks started a Non-Profit to lower prescription drug costs?
Mark Cuban