Non-Profit Motive
Definition
The Non-Profit Motive is the intention to operate an organization without the primary goal of making profits for owners or shareholders.
Benefits
Non-profit motives drive organizations to focus on societal impact, attract donations and grants, qualify for tax-exempt status, and reinvest surplus funds to further their mission.
Frequently Asked Questions
What is the difference between profit motive and non-profit motive? Profit motive aims to generate financial returns for owners or shareholders, while non-profit motive focuses on achieving social, educational, or charitable objectives without distributing profits.
What is the main goal of a nonprofit? The main goal of a nonprofit is to address specific societal needs, support social causes, and provide public benefits without the intention of making profits for individuals.
What is the purpose of a non-profit? The purpose of a non-profit is to serve the community, advance education, promote cultural activities, support charitable causes, or address social issues.
Summary
Non-profit motive is essential for organizations dedicated to serving social causes and providing public benefits, prioritizing mission over profit and reinvesting resources to achieve their goals.