Word of the Day: Nonprofit

non-pro-fit / ˌnänˈpräfit, often hyphenated

adjective

1. not done in exchange for money; not created for the purpose of earning money

While other industries have suffered, the nonprofit arts world continues to build in strength while it encourages the growth of innumerable small businesses on its periphery, thereby creating more jobs.

Louise Slaughter, 1929-2018

 

noun

1. an organization, company, or other institution that utilizes all money it takes in for charitable endeavors

At the most fundamental level, it is an honor to serve – at whatever type or size of organization you are privileged to lead, whether it is a for-profit or nonprofit.

Alan Mulally, 1945-