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501(c)(3)

Board of Directors

Watchdog

Third Sector

By Laws

Grant

Charter

Liability

Founder's Syndrome

Mission

Altruism

Transparency

Endowment

In-Kind donation

Donor-Advised Funds

Donations given to an entity in which the person giving the money retains some control over how the funds are spent

The fundamental purpose and reason to exist for an organization

funding provided to an organization through a foundation or government source

A donation of products or services instead of money to a nonprofit by a company or an individual

A term used to describe the nonprofit sector because it is separate from government and the for-profit sector

An agency or org that scrutinizes the operations of other orgs to increase accountability and provide guidance to the public

Governing body of nonprofit organization with specific legal and ethical responsibilities for the organization.

The legal operating guidelines for a board of directors

Liability Any legal responsibility, duty, or obligation

The legal organizational document also known as Articles of Incorporation

A system of operation that allows outsiders to see how the org operates to ensure public trust in an org.

A situation in which the founder of an org is resistant to changes proposed by a board

Income-generating assets held by an organization designed to preserve them indefinitely

An unselfish need to build a better world

Tax designation to group nonprofits. Mostly humanitarian-focused.