title:Non-Profit

(Adjective) That which does not plan to make a profit. It is one of the criteria used for distinguishing a charity from a commercial undertaking, and for determining whether an organisation qualifies for tax privileges.

title:Non-Governmental Organisation (N.G.O.)

A private international organisation (as distinguished from an international intergovernmental organisation), set up either in the form of a single association or as a federation of various national organisations. (The International Union of Associations in Brussels publishes a Yearbook of International Organisations).

The most important N.G.O.s are given consultative status with the United Nations or its specialised agencies and with regional organisations.

title:Mecenat

Patronage of culture by private generosity. It is typified by direct action, i.e. it does not generally create intermediary bodies which are capable of prolonging or generalising its effect.

title:Market Value

The value of assets if they were sold on the open market at current prices (i.e. recent invoice or quoted price less customary adjustments, including cash discount).

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