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not-for-profit

From Wiktionary, the free dictionary

English

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Etymology

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Fromnot +‎for-profit.

Adjective

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not-for-profit (notcomparable)

  1. (of acompany ororganization) Providinggoods orservices, but not for the purpose of making aprofit.
    • 2014 October 1, Donnie Maclurcan, Jennifer Hinton, “Beyond capitalism: not-for-profit business ethos motivates sustainable behaviour”, inThe Guardian[1],→ISSN:
      For-profit capitalism has created social and economic inequality; successfulnot-for-profit businesses including Mozilla and the Big Issue point to an alternative path[.]
    • 2020 December 2, Mark Phillips, “Rebuilding Rail in the 2020s”, inRail, page46:
      Formerly[sic – meaningFormally] known as theRail Safety and Standards Board, thenot-for-profit organisation's remit includes managing and developing Railway Group Standards on behalf of the rail industry, leading the development of long-term safety strategy, and supporting cross-industry groups that address major areas of safety risk.

Usage notes

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  • In US usage,not-for-profit organizations are not required to operate for the benefit of thepublic good (as is the case withnon-profit), and may just exist to serve the goals of their members.

Synonyms

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Antonyms

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Translations

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not aiming for profitseenonprofit

Noun

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not-for-profit (pluralnot-for-profits)

  1. A not-for-profit company or organization.
    Synonyms:NFP,NFPO
    Coordinate term:NPO

References

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