2 C.F.R. § 1108.260

Nonprofit organization.

Last amended: 2020Year: 2026Length: 57 wordsSubsections: 3Official source

Cite as 2 C.F.R. § 1108.260 (2026)

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: Nonprofit organization. | Justis AI