2 CFR 25.345 - Nonprofit organization.

§ 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.”

Title 2 published on 2014-01-01

no entries appear in the Federal Register after this date.

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United States Code
U.S. Code: Title 31 - MONEY AND FINANCE
Public Laws