Asked by Stacey Floyd on Jun 26, 2024
Verified
What are the two types of enterprising nonprofits and how do they differ?
Enterprising Nonprofits
Organizations that engage in commercial activities with the aim of supporting their social or environmental mission.
- Distinguish between different types of enterprising nonprofits and their operational differences.
Verified Answer
AS
Arash SinghJun 30, 2024
Final Answer :
The first type utilizes earned-income activities,a form of venturing,to generate all or a portion of total revenue.These enterprising nonprofits apply the principles of entrepreneurship to generate revenue to sustain their mission-driven organizations.The second type has a focus on growth and economic sustainability.Such an enterprising nonprofit may incorporate outside investment,in the form of venture philanthropy,to scale the organization for increased social impact.
Learning Objectives
- Distinguish between different types of enterprising nonprofits and their operational differences.
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