Code of Federal Regulations (Last Updated: May 6, 2024) |
Title 2 - Grants and Agreements |
Subtitle A - Office of Management and Budget Guidance for Grants and Agreements |
Chapter I - Office of Management and Budget Governmentwide Guidance for Grants and Agreements |
Part 25 - Universal Identifier and System for Award Management |
Subpart C - Definitions |
§ 25.345 - Nonprofit organization.
Latest version.
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§ 25.345 Nonprofit organization.
Nonprofit organization -
(a) Means any corporation, trust, association, cooperative, or other organization that -
(1) Is operated primarily for scientific, educational, service, charitable, or similar purposes in the public interest;
(2) Is not organized primarily for profit; and
(3) Uses net proceeds to maintain, improve, or expand the operations of the organization.
(b) Includes nonprofit -
(1) Institutions of higher education;
(2) Hospitals; and
(3) Tribal organizations other than those included in the definition of “Indian Tribe.”