We often start our lectures by quizzing the participants on their understanding of “nonprofits.”

By show of hands, how many think the following organizations are nonprofits?:

The Bill Gates Foundation; your church, synagogue, or mosque; the local United Way; the local community foundation; a major local university such as Harvard; a local social service organization; the Sierra Club; the local private golf club; the National Football League; the New York Stock Exchange.

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