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Glossary of Nonprofit Terms

The following nonprofit glossary is a list of terminologies for nonprofits.

A B C D E F G H I J K L N N O P Q R S T U V W X Y Z

501(c)(2)

501(c)(2) Nonprofits organizations are created to hold titles for exempt organizations. Interested parties must apply for this status with IRS Form 1024. They are required to file taxes annually with forms 990 or 990EZ.

501(c)(3) – Charitable Organization

The 501(c)(3) is a section of the Internal Revenue Code that designates an organization as charitable and tax-exempt. Organizations qualifying under this section include religious, educational, charitable, amateur athletic, scientific or literary groups, those testing for public safety, or those involved in the prevention of cruelty to children or animals. Most organizations seeking foundation or corporate contributions secure a Section 501(c)(3) classification from the Internal Revenue Service (IRS). Donations made to 501(c)(3) groups are tax-deductible.

Public charities are the largest type of 501(c)(3) with nearly 1 million registered in the United States. Some examples include food banks, museums, art groups, amateur sports, colleges, low-income housing organizations, and animal welfare organizations. Charities are typically funded through donations, government grants, or membership dues. All income for 501(c)(3) groups are tax exempt.

There are five types of 501(c)(3) organizations:

  • Private Foundations
  • 509(a)(1)
  • 509(a)(2)
  • 509(a)(3)
  • 509(a)(4)

501(c)(4) – Civic League, Social Welfare Organization or Local Employee Association

Civic leagues, social welfare organizations, and local employee associations fall under the 501(c)(4) classification. They have fewer restrictions when it comes to political activity such as lobbying. The purpose of these organizations is to support individuals within the group who may have fallen on hard times and the general welfare of the organization’s members. Nonprofits can apply for this designation with Form 1024 and file annual returns with Form 990 or 990EZ.

501(c)(5)

Labor, agricultural, and horticultural organizations fall under this designation. Their missions are education, improvement of working conditions, and increases in efficiency and quality. These organizations are permitted to engage in lobbying. 501(c)(5) organizations are funded through donations and member dues.

501(c)(6) – Trade or Professional Association

Some examples of 501(c)(6) organizations are business leagues, chambers of commerce, and real estate boards. Their purpose is to improve business conditions for its members. Nonprofits seeking this designation must file Form 1024 with the IRS.

501(c)(6) organizations are permitted to engage in political activities. Typically, they are funded by member dues and offer programs and services for member education. In the United States, there are around 63,000 501(c)(6) organizations. Some examples of well-known 501(c)(6) organizations are the American Farm Bureau, the National Writers Union, and the International Association of Meeting Planners.

501(c)(7) – Social or Recreational Club

501(c)(7) organizations are social or recreation clubs. The purpose of these nonprofit organizations is to organize activities that lead to pleasure, recreation, and socialization. Common examples include hobby groups, country clubs, and sports leagues. To qualify for this designation, IRS Form 1024 must be filed. Tax returns are filed with Form 990 or 990EZ.

501(c)(8) – Fraternal Societies

501(c)(8) nonprofit organizations are fraternal societies. They are created to provide for the payment of life, sickness, accident, or other benefits to members and to further the development of its members. They can include service clubs, lineage clubs, or secret societies.

In order to qualify for the 501(c)(8) designation, fraternal societies must have parent and subordinate organizations. Additionally, it must provide some sort of insurance to its members. Some well-known examples of 501(c)(8) nonprofit organizations are the Knights of Columbus and the Shriners.

501(c)(9) – Employee Beneficiary Association

501(c)(9) nonprofit organizations are voluntary employees’ beneficiary associations. They provide payment to members and their dependents in the event of sickness, accident, or other unfortunate events. Membership is reserved for employees with a common employer or membership in the same union. Organizations can apply for this designation with Form 1024 and must annually file Form 990 or 990EZ.

501(c)(10) – Domestic Fraternal Societies and Associations

501(c)(10) nonprofit organizations are fraternal societies that do not provide any sort of payment to members. Basically, 501(c)(8) are fraternal organizations which exists to support members, while 501(c)(10) are fraternal organizations which use member dues to support outside causes with no benefits for members.

501(c)(11) – Teacher’s Retirement Fund Associations

501(c)(11) are nonprofit organization which manages teachers’ retirement funds. Its sources of income are membership dues, tax proceeds, and investment income. These are local organizations. Form 1024 must be filed to qualify for 501(c)(11) designation.

501(c)(13) – Cemetery Companies

501(c)(13) are nonprofit organizations which are created to provide burial services for its members. These organizations exist solely for this reason. Common sources of income are membership dues and donations.

501(c)(14) – State Chartered Credit Union and Mutual Reserve Fund

501(c)(14) are state chartered credit unions and mutual reserve funds. These organizations offer financial services to their members and the community, typically at discounted rates. Sources of income are business activities and government grants. Each state’s law differs when it comes to formation of these types of nonprofit organizations. There is no application form for this type of nonprofit but 501(c)(14) nonprofits must annually file Form 990 or 990EZ.

501(c)(15) – Mutual Insurance Companies of Association

501(c)(15) are mutual insurance companies. These nonprofits provide insurance to its members at cost. Usually, they are formed at the local level. Typically, these organizations provide insurance for property damage, burial, and funerals.

501(c)(16) – Cooperative Organizations to Finance Crop Operations

501(c)(16) nonprofit organizations are created to finance crop operations. Typically, these organizations are created by a group of farmers to work together to pool resources for agricultural operations. Some examples of these operations are purchases of farm equipment, crop cultivation, livestock, shipping, and marketing.

501(c)(17) – Supplemental Unemployment Benefits Trust

The 501(c)(17) designation applies to supplemental unemployment benefit trusts. These organizations exist to provide support and payment to individuals who are permanently or temporarily unemployed. These nonprofits must be supported by the employer or employees. They must also pay beneficiaries in an objective manner.

501(c)(18) – Employee Funded Pension Trust

501(c)(18) applies to employee-funded pension trusts created before June 25, 1959. These are funded exclusively by member contributions. Payments can only be used to pay benefits to members. Additionally, objective standards need to be created for any distributions.

501(c)(19) – Veterans Organizations

501(c)(19) is for veterans organizations. To be considered eligible, 75 percent or more of members must be active or past members of the armed forces. These organizations purposes are to provide benefits for United States Armed Forces members. Most veterans’ organizations are funded through donations.

501(c)(20)

501(c)(20) are nonprofit organizations which apply to qualified legal service plans. As of June 30, 1992, this status has been eliminated so only older organizations qualify with most choosing another designation. These organizations were created with the purpose to provide legal services to members.

501(c)(21) – Black Lung Benefits Trust

501(c)(21) nonprofit organizations are trusts created to pay claims that arise from the Federal Black Lung Benefit Act of 1969. Coal miners who become sick due to black lung disease are eligible for benefits. These trusts are funded by coal mine operators.

501(c)(22) – Withdrawal Liability Payment Fund

501(c)(22) nonprofit organizations are created to provide funds to meet liabilities of employers who are withdrawing from multiemployer pension funds. These organizations’ purpose is to help employers fulfill their pension obligation. They are funded by employers.

501(c)(23) – Veterans Organization

501(c)(23) designation is for veterans organization which were established before 1880. They provide insurance and benefits to members. In order to be eligible, at least 75 percent of members have to be present or past members of the United States Armed Forces. Funding comes from donations and government grants.

501(c)(26) – State-Sponsored Organizations Providing Health Coverage for High-Risk Individuals

501(c)(26) are nonprofit organizations created at the state level to provide insurance for high-risk individuals who may not be able to get insurance through other means. Members are typically patients with health risks or preexisting conditions. Funding comes from donations or government grants. Examples of states with these high-risk insurance pools are North Carolina, Louisiana, and Indiana.

501(c)(27) – State-Sponsored Workers’ Compensation Reinsurance Organization

501(c)(27) nonprofit organizations are created to provide insurance for workers’ compensation programs. Organizations that provide workers compensations are required to be a member of these organizations and pay dues. Typically, these organizations are supported by government grants and member dues.

501(d) – Religious and Apostolic Associations

501(d) groups are religious based groups that share a common treasury. Their defining feature is the pooling of all members’ income and then paying tax from this amount. There is no restriction on political activity. Donations are not tax exempt.

501(e) – Cooperative Hospital Service Organizations

501(e) nonprofit organizations provide cooperative services for two or more hospitals. These are typically service organizations which look to support sick patients and their families. Most funding comes from donations which are tax exempt. Form 1023 must be filed to qualify as a 501(e).

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Acknowledgment Letter

An acknowledgment letter is sent by a grant recipient to the donor, expressing appreciation for a gift and identifying the use of the gift. It may be a form letter, but it is usually personalized.

Advisory Board

An advisory board is made up of a group of influential and prominent individuals whose association with a development program is calculated to lend luster and implied endorsement of the program’s goals and objectives.

Annual Giving

This type of giving refers to annually repeating gift programs, or to seeking funds on an annual or recurring basis from the same constituency. Income is generally used for operating budget support.

Annual Report (Contributions)

Foundations or corporations voluntarily publish an annual report to describe their grant activities. It may be a simple, typed document listing the year’s grants or an elaborately detailed publication. A growing number of foundations and corporations use an annual report as an effective means of informing the community about their contribution activities, policies, and guidelines. The annual contributions report is not to be confused with a corporation’s annual report to the stockholders.

Annual Report (To Stockholders)

This is a yearly report of financial and organizational conditions prepared by the management of an organization.

Anonymous Gift

With an anonymous gift, any announcements can only include the amount given. The name of the donor is withheld at their request.

Appeal

Your fundraising appeal is your organization’s request for donations to support your mission. It can take the form of an email, print letter, or social media post. It can even happen in person during a live or broadcasted event. An appeal explains your cause, shows its impact, and creates a sense of urgency for your donors.

B

Benefactor

A benefactor is someone who makes a major gift to an institution or agency. It is also an arbitrary classification of contributors whose gifts are above a certain level, which is calculated to single them out as a group and stimulate similar giving by others.

Board Of Directors

A board of directors is comprised of individuals, often selected by other directors or members, in accordance with law (usually reflected in bylaws), to establish policy and oversee the management of an organization or institution.

C

Campaign

A campaign is an organized effort to raise funds for a nonprofit organization.

Capital Campaign

A capital campaign is a carefully organized, highly structured fundraising program. Volunteers, staff, and sometimes consultants help raise funds for specific needs that are meant to be met in a specific time frame, with a specific dollar goal. A capital campaign allows donors to pledge gifts to be paid over a period of time, often years.

Cash Gift

A cash gift is a transfer of cash, check, or currency (other than a special collection) to a gift-supported organization or institution.

Charitable Contribution

A charitable contribution is a donation of something of value to a gift-supported charitable organization. Charitable contributions are usually tax-deductible.

Charitable Deduction

The term charitable deduction refers to the amount of a gift that can be deducted from the portion of a donor’s income that is subject to federal income tax. It is the value of money or property that is transferred to a 501(c)(3) organization, which is deductible for income, gift, and estate tax purposes.

Constituency

A constituency is made up  f all the people who, in some form, have been involved with the institution that is seeking support. It consists of members, contributors, participants (past or present), clients, and relatives of clients.

Corporate Foundation

A corporate foundation is the philanthropic arm created by a corporation to deal with requests for contributions from various agencies, including local, region, or national nonprofits.

Corporate Giving Program

A corporate giving program is a grantmaking program established and controlled by a for-profit corporation or company. It does not necessarily include a separate endowment. Sometimes the    annual grant total is directly related to the previous year’s profits. Giving directly from corporate profits is not subject to the same reporting restrictions as giving from private foundations. Some companies may make charitable contributions from corporate profits, operating budgets, or company-sponsored foundations.

Crowdfunding

Crowdfunding is a fundraising method where an individual or organization asks many people or the people withing their network for small donations to reach a larger goal. In an online crowdfunding campaign, the fundraiser creates a personalized page on a site (like YouHelp.com) that allows them to collect donations, share the page via social media channels and email, and update people on their progress.

Cultivation

Cultivation is the process of promoting or encouraging interest and/or involvement on the part of a potential donor or volunteer leader. It is also a process to inform and educate people about an institution and the reasons why it merits support.

D

Data Universal Numbering System (DUNS)

A unique nine-character identification number provided to businesses and organizations by the commercial company Dun & Bradstreet (D&B). Number assignment is free and a requirement for all federal awards.

Departmental Appeals Board (DAB)

The independent office established in the Office of the Secretary with delegated authority from the Secretary to review and decide certain disputes between recipients of HHS funds and HHS awarding agencies under 45 CFR Part 16 and to perform other review, adjudication and mediation services as assigned.

Discretionary grant

An award for which the federal awarding agency may select the recipient from among all eligible recipients, may decide to make or not make an award based on the programmatic, technical, or scientific content of an application, and can decide the amount of funding to be provided to carry out project activities.

Designated Gift

A designated gift is a restricted or commemorative gift made for a specific purpose and designated for a specific use.

Direct Mail

Direct mail is a way of soliciting gifts or volunteer services, and distributing information through a mass mailing.

Donor

A donor is an individual, organization, or institution that makes a gift.

Donor Acquisition

Donor acquisition is the process of identifying and obtaining donors.

Donor-Advised Fund (DAF)

A donor-advised fund, or DAF, is an account administered by a 501(c)(3) organization that acts as a fiscal sponsor to manage donations on behalf of organizations, families, or individuals. This fund allows people to make a donation in return for an immediate tax benefit. The fiscal sponsor has legal control over the fund, but contributors retain the right to recommend (or advise) which groups or projects the assets should benefit.

Donor Database

Your donor database is the list of people who’ve given to your organization, either recently or at some point in the past. It might also include people who are strong potential donors, such as volunteers or anyone who has attended one of your events. A donor database will include things like contact information, when and how much a person gave, whether they’re recurring donors, and how often they volunteer with your nonprofit.

Donor-Designated Fund

A donor-designated fund is held by a community foundation, where the donor has specified that the fund’s income or assets be used for the benefit of one or more specific public charities. These funds are sometimes established by a transfer of assets by a public charity to a fund designated for its own benefit, in which case they may be known as grantee endowments.

Donor List

A donor list is a list of contributors prepared for a particular purpose or in conjunction with building lists for the future.

Donor Recognition

Donor recognition is the policy and practice of recognizing gifts. This is done first through immediate acknowledgment by card or letter, and subsequently through personalized notes, personal expressions of appreciation directly to donors, published lists of contributors, etc.

Donor Relations

Donor relations refers to a planned program of maintaining donor interest. This may be done through acknowledgments, information, personal involvement, etc.

Donor Retention

Donor retention is the percentage of people who repeatedly support your organization. Retention rates are typically calculated by year.

E

Endowment

An endowment is a donated fund. A board uses investment income from the fund for operating costs or other purposes, while usually leaving the principal amount alone. Such endowments include gifts for which donors specify their use. They may also include gifts that are given for no specific purpose, which a board treats as an endowment.

F

Face-To-Face Solicitation

Face-to-face solicitation involves soliciting a prospective donor in person.

Family Foundation

A family foundation derives its funds from members of a single family. Generally, family members serve as officers or board members of the foundation and play an influential role in grantmaking decisions.

Fiscal Sponsor

A fiscal sponsor is a tax-exempt organization - typically a 501(c)(3) nonprofit organization that shares its legal and tax-exempt status with another group for a project, grant or an activity that is related to the mission of the nonprofit organization. 

Foundations

There are an estimated 103,430 foundations in the United States. Typical missions include funding other nonprofits and sponsoring events and programs for awareness or education. Most foundations focus on finding worthy nonprofit organizations to support through donations and guidance. Foundations are usually established by wealthy individuals or businesses.

In order to remain classified as a foundation, it must donate a certain portion of its income on an annual basis. This is to prevent the misuse of a foundation for personal gain or tax avoidance. Foundations are also prohibited from any sort of political activity, although it may support organizations that engage in political lobbying. Two examples of well-known foundations are the Bill and Melinda Gates Foundation and the Ford Foundation.

Fundraiser

A fundraiser is someone who makes a living working as a member of an organization’s or institution’s development department, as an independent fundraising consultant, or as a member of a fundraising counseling firm. A volunteer who raises funds for a cause is also referred to as a fundraiser. In addition, a fundraising event has come to be known as a fundraiser.

Fundraising Plan

A fundraising plan encompasses all of the elements comprised by an organization’s procedure for attaining a campaign goal. The plan may include a fundraising program, objectives, case, leadership requirements, timetable, personnel requirements, and budget, as well as the overall strategy or grand design for successful implementation of a campaign.

G

Gift

A gift is a voluntary, irrevocable transfer of something of value. If the individual making the gift entertains any ideas of reclaiming it, at the time of transfer or in the future, the transfer is not a gift.

Giving Tuesday

Giving Tuesday is a global day of giving that takes place on the first Tuesday after Thanksgiving as a way of countering the consumer-oriented holiday shopping season. Often hashtagged #GivingTuesday on social media, the event began in 2012 by the 92nd Street Y in New York City in partnership with the United Nations Foundation. Today, it’s a global fundraising event that has engaged more than 10,000 nonprofits.

Grant

A grant is a source of funding that does not require repayment. It is generally an allocation from a foundation, corporation, or government agency.

Grassroots Fundraising

Grassroots fundraising refers to raising modest amounts of money from individuals or groups from the local community on a broad basis. It is usually done within a specific constituency, among people who live in the neighborhood served, or people who are clients. Common grassroots fundraising activities include membership drives, raffles, bake sales, auctions, benefits, and dances.

H

 

I

In-Kind Gift

An in-kind gift is a contribution of equipment or other property that the donor may place a monetary value on and deduct for income tax purposes.

J

 

K

 

L

Legacy

A legacy is a disposition of personal property in a will. A demonstrative legacy is a legacy payable primarily out of a specific fund. A specific legacy is a legacy of a particular article or specified part of the estate.

Letter Of Inquiry

A letter of inquiry is sent by an organization to a foundation or corporation, seeking funding for a project and asking the foundation or corporation to consider funding the project or receiving a full proposal.

Letter Of Intent

A letter of intent is a pledge form used by potential donors who view the pledge as a contract. They use it to declare their intent to donate to an organization.

LYBUNT

Also known as a lapsed donor, LYBUNT is an acronym for donors who gave “Last Year But Unfortunately Not This” (year). They can be great prospects to reach out to during your year-end appeals.

M

Major Gift

A major gift is a gift of a significant amount. The size of the gift may vary according to organization’s needs and goals, and it may periodically repeat. The term may also refer to a program designation.

Matching Gift

A matching gift is made on the condition that it be matched within a certain period, either on a one-to-one basis or in accordance with some other formula. It also refers to a gift by a corporation that matches a gift by one of its employees.

Mission

A mission is a philosophical or value statement that seeks to respond to why the organization exists, or its basic reason for being. A mission statement is not defined in expressions of goals or objectives.

Monthly Giving

A monthly giving program allows supporters to make an automatic donation of a specific amount every month, typically as a recurring credit card charge. Donors who might not be able to give a large one-time gift are often willing to sign up for monthly giving, ultimately donating more over time than they would have otherwise.

N

Non-governmental Organization - NGO

An NGO is a nonprofit organization that operates independently of any government. They are a subgroup of organizations founded by citizens, which include clubs and associations which provide services to its members and others. The purpose of most NGO is usually to address a social or political issue.

Nonprofit Organization

Nonprofit organizations consist of members or volunteers, classified by the Internal Revenue Service as providing a public benefit, without the purpose of profit for members of the corporation.

O

Outright Gift

An outright gift is the simple transfer of gift property to the donee without any conditions or terms of the trust.

P

Peer-To-Peer Fundraising

Also known as social fundraising, peer-to-peer is a fundraising method where supporters raise donations from their social networks on behalf of an organization. The nonprofit usually supplies the tools to help their fundraisers succeed. These may include social media assets, a personalized fundraising page, and sample messages.

Philanthropic Foundation

A philanthropic foundation is a corporation or trust that has been created through contributed funds, whether by an individual, family, corporation, or community. The foundation supports nonprofits, and such organizations may apply for grants in support of their programs and projects.

Philanthropist

Broadly speaking, a philanthropist is anyone who makes a gift. However, the term is usually used to describe a wealthy individual known for their exceptional generosity in support of charitable causes.

Philanthropy

As used at the Center on Philanthropy, the term refers to a voluntary action for the public good, including voluntary service, voluntary association, and voluntary giving.

Planned Gift

A planned gift is provided legally during the donor’s lifetime, but the principal benefits do not accrue to the institution until some future time, usually at the death of the donor or their income beneficiary.

Planned Giving

Planned giving is the application of sound personal, financial, and estate planning concepts to the individual donor’s plans for lifetime and testamentary giving.

Pledge

A pledge is a signed and dated commitment to make a gift over a specified period of time, generally two or more years. It is payable according to terms set by the donor, with scheduled monthly, quarterly, semi-annual, or annual payments.

Proposal

A proposal is a written request or application for a gift or grant that includes the need for the project or program, who will carry it out, and how much it will cost.

Prospect Mailing

Prospect mailing refers to sending mail to prospects to acquire new members or donors.

Prospective Donor

A prospective donor is any logical source of support, whether they are an individual, corporation, organization, government at all levels, or foundation. The emphasis is on the logic of support.

Q

 

R

Recognition

Recognition refers to formal or informal acknowledgment of a gift or contributed services It may be in the form of an event, communication, or a significant item honoring a gift or a service.

Recurring Giving

Recurring giving is an important option on a donation page that allows donors to give an amount in regular increments, typically monthly. Donors will often choose recurring gifts when presented with the option. Recurring giving is an easy and effective way to boost overall fundraising over the course of a year, so this option should be prominently displayed on a donation page. People who strongly support a cause but might not be able to make a large donation all at once like recurring giving because it allows them to give more over time than they could otherwise. It also helps an organization budget more effectively since it can predict how much money will come in going forward.

Renewal Mailing

Renewal mailing refers to mailing donors or members to request renewed support.

Restricted Fund

A restricted fund refers to a fund in which the principal and earnings are bound by donor guidelines as they relate to investment, expenditure, or both.

Restricted Gift

A restricted gift is made for a specified purpose, clearly stated by the donor.

S

Seed Money

Seed money refers to a substantial gift, generally by a foundation or an affluent individual, to launch a program or project.

Segmentation

Segmentation means breaking down your overall audience or email list into smaller, targeted groups that your organization can market to directly. Some ways to segment your audience are by giving history (frequency and how long they’ve been a donor), lapsed donors, gift size, program interest, or email inactivity.

Social Advocacy Groups 

Social advocacy groups are classified under 501(c)(4). Social advocacy groups lobby or promote some sort of social or political effort. They are funded typically from donations or membership dues. They also engage in fundraising, lobbying, and efforts to educate the general public about their cause. Greenpeace, NAACP, ACLU, and the National Organization for Women are examples social advocacy groups. 

Special Event

A special event is a fundraising function designed to attract and involve large numbers of people for the purpose of raising money or cultivating donors.

Special Gifts

Special gifts fall within the fourth tier of giving to a campaign. They are gifts that require special attention by the recipient organization to attract donor participation.

Stewardship

Stewardship is the guiding principle in philanthropic fundraising. It is defined as the philosophy and means by which an institution exercises ethical accountability in the use of contributed resources. It also refers to the philosophy and means by which a donor exercises responsibility in the voluntary use of resources.

SYBUNT

SYBUNT is an acronym for donors who gave “Some Year But Unfortunately Not This” (year). Depending on how long it’s been since they gave and how often, these folks can be good prospects to reach out to during your year-end appeals.

T

Tax-Deductible Amount

The tax-deductible amount is the amount of a donation a donor can claim as a deduction on their income tax return. Charitable donations must be paid in cash or as other property before the close of the tax year to be deductible. In general, donations to charities can be deducted up to 50% of adjusted gross income, though some gifts to private foundations, veterans’ groups, etc., have lower limits.

Trust

Trust refers to a fiduciary relationship, with respect to property, subjecting the person who holds the title of the property to equitable duties to deal with the property for the benefit of another person. For example, person A gives property in trust, with person A as trustee, to pay income to person B for life, and then to give property over to person C, free and clear.

Trust Funds

Trust funds refer to money, securities, or property held in trust by an agent of wealth (bank, estate manager, or attorney), or managed by an institution under a trust agreement to produce income for the beneficiary.

Trustee

A trustee is a person or agent of a trust, such as a bank, holding legal title to property in order to administer it for a beneficiary. The term may also refer to a member of a governing board or to the “directors” in a corporate trust.

V

Unrestricted Gift

An unrestricted gift refers to a gift to an institution or agency to be used for whatever purposes officers or trustees choose.

W

X

Y

Z