Can Nonprofits Own Assets? Exploring the Role of Assets in Nonprofit Organizations
Can nonprofits own assets? A nonprofit corporation can buy and sell assets, similar to a profit-oriented entity. The fact that the nonprofit doesn’t operate with a profit motive doesn’t preclude it from signing a contract, borrowing and purchasing resources deemed operationally essential. Read more on smallbusiness.chron.com Nonprofit organizations are frequently linked to philanthropic endeavors and … Read more