2 CFR 1108.260
§ 1108.260 Nonprofit organization.
United States · 2 CFR — Federal Financial Assistance · Status: effective
Cite this
- Citation
- 2 CFR 1108.260, § 1108.260 Nonprofit organization, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/1424
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Full text
Nonprofit organization means any corporation, trust, association, cooperative, or other organization, not including an institution of higher education, that:
(a) Is operated primarily for scientific, educational, service, charitable, or similar purposes in the public interest;
(b) Is not organized primarily for profit; and
(c) Uses net proceeds to maintain, improve, or expand the operations of the organization.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.