Nonprofit Terminology
This term refers to a nonprofit organization’s tax-exempt status under the U.S. Internal Revenue Code.
What is a 501(c)(3)?
This global nonprofit organization is known for its humanitarian work and was awarded the Nobel Peace Prize in 1999.
Who is Médecins Sans Frontières (Doctors Without Borders)?
This annual fundraising event, observed on the Tuesday after Thanksgiving, encourages people to give to charities worldwide.
What is #GivingTuesday?
This term describes a donation of goods or services instead of cash, often used by nonprofits to support their programs.
What is an in-kind donation?
This U.S. nonprofit organization helps improve education, health, and financial stability for families and children across the country.
What is United Way?
True or False: Nonprofits are allowed to make a profit.
True – They can generate surplus revenue, but it must be reinvested into their mission, not distributed to individuals.
The legal term for an individual who donates their time and effort to a nonprofit without receiving payment.
What is a volunteer?
This nonprofit provides affordable housing to people in need by building homes with volunteer labor and donations
What is Habitat for Humanity?
This term refers to a nonprofit’s major financial supporters, often offering large, multi-year grants to fund programs.
Who are major donors?
This phrase means “no” but sounds like “yes, eventually, if I live through this meeting.”
What is ‘Let’s circle back on that’?
This phrase, often typed through gritted teeth, means “You’re wrong, but I’m being polite.”
What is ‘Per my last email’?
This common phrase translates roughly to “I don’t know what I’m doing either.” Often uttered by Larry!
What is ‘Let’s play it by ear’?