Not-for-profit organizations are those organizations:
- where contributions of significant amounts of resources from resource providers who do not expect commensurate or proportionate pecuniary return,
- where operating purposes other than to provide goods or services at a profit, and
- where absence of ownership interests like those of business enterprises
The presentation “Best Practices on Global Legal Structure of Not-for-profit Organizations” – PDF/PPT – highlights organizations that are categorized as public charity status and Private Foundation and explains the best practices related to these organizations. It also briefly touches upon Not-for-profit organizations in India like
- Section 8 companies registered under the Companies Act 201
- Trusts and
- Registered Societies