2 C.F.R. § 1108.260

Current through October 31, 2024

Section 1108.260 - Nonprofit organization

Nonprofit organization means any corporation, trust, association, cooperative, or other organization, not including an institution of higher education, that:

(a) Is operated primarily for scientific, educational, service, charitable, or similar purposes in the public interest;

(b) Is not organized primarily for profit; and

(c) Uses net proceeds to maintain, improve, or expand the operations of the organization.

2 C.F.R. §1108.260

85 FR 51230 , 10/19/2020