Nonprofit institution.

Nonprofit institution. An institution or organization, no part of the net earnings of which inures or may lawfully inure to the benefit of any private shareholder or individual, and which has been held to be tax exempt under the provisions of 26 U.S.C. 501, also known as the Internal Revenue Code of 1986.

Source

32 CFR § 273.3

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Scoping language

Unless otherwise noted, these terms and their definitions are for the purpose of this subpart.

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