A nonprofit organization is a business that has been granted tax-exempt status by the Internal Revenue Service because it furthers a social cause and provides a public benefit. Donations made to a nonprofit organization are typically tax- deductible to individuals and businesses that make them, and the nonprofit itself pays no tax on the received donations or on any other money earned through fundraising activities. Non-Profit Organizations mainly aim to provide service to the public, selflessly. They do not have any monetary targets to achieve at the end of the year. Their prime focus stays on doing good deeds for the society, irrespective of their profit.
Read the following to know more about Non-Profit Organization:
How to start a non-profit organization:
One of the most common obstacles a nonprofit group encounters when considering a business partnership is plain old confidence. Nonprofits have a lot to offer a business, even if they’re small. It comes down to sales, corporate social responsibility, employee satisfaction, marketing, and implementation.
Companies are desperate to find non-profit partners that can help them achieve their CSR goals. The best partnerships between non-profits and for-profits are symbiotic relationships in which both organizations benefit from the program. This mutual partnership decision can help out the non-profits as well in assisting them with fund allocation.
Read the following articles to get a guide for non-profits to build secure business partnership:
How Non-profits Can Build Partnerships with Businesses
4 tips for Non-Profit to Secure Business Partnership
3 tips to help Non-Profits secure Partnership
Partnering with a for-profit organization is a way but the other can be a corporate partner as well. When planning of partnership with business, non-profits can take a chance and go ahead with the corporate partnership.
Read below to know about the corporate partnership:
Corporate Partnership: A guide for non-profits
A non-profit guide for corporate partnership
4 ways that Non-profits can create corporate partnerships
We, at OpenGrowth, are constantly looking for trending start-ups in the ecosystem. If you want to know any further information about the startup ecosystem, then do let us know in the comment section below.
Contributor: Amrita Sinha
Amrita is in the field of media. She has a deep inclination towards writing and public speaking. She has the aim of removing the stereotypical mindset of society. She loves to read and photography is her passion.
*Note: The content published above was made in collaboration with our members.
The Editorial Team at OpenGrowth is working to provide you with the perfect place to know everything about startups. Feel free to connect to us.