Nonprofits Investment Decisions under the Current US Tax Law: Are Nonprofits Departing from Their Mission?
Over the past two decades nonprofits organizations have been urged to become more business-like in order to survive and grow, and to depart from the single-minded pursuit of their missions. This paper explores investment decisions of nonprofits under current US tax law, and specifically considers the major effects of choices made by nonprofit organizations to engage in commercial activities. From the empirical investigation conducted using data from "Form 990" tax return filed in 1996 by a total of 12,474 nonprofit charitable organizations it emerges that nonprofits prefer not to engage in unr elated business activities, but do so if they feel pressing needs for additional sources of finance.
Volume (Year): 95 (2005)
Issue (Month): 3 (May-June)
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