NPFOs
NPFO stands for Non-Profit Foundation Organization. These entities are legally established organizations that operate for a public benefit rather than for private financial gain. Their primary purpose is to fulfill a specific mission, which can range from charitable work, educational initiatives, scientific research, environmental protection, to cultural preservation.
Unlike for-profit businesses, NPFOs do not distribute profits to owners or shareholders. Instead, any surplus revenue
The governance of NPFOs is usually managed by a board of directors or trustees. These individuals are