A nonprofit organization that uses donated money to help others is called a ________.
A) Tax exempt
B) Foundation
C) Philanthropy
D) Free enterprise

Question

Quizplus · Accepted Answer

A foundation is a nonprofit organization that uses donated money to help others. While tax-exempt status may apply to foundations, it is not exclusive to them. Philanthropy is a general term that can refer to any act of charitable giving, including by individuals or corporations, not necessarily through a nonprofit organization. Free enterprise refers to a system of economics where individuals and businesses are allowed to compete in the marketplace with limited government intervention; it is not directly related to charitable giving or nonprofit organizations.

A Nonprofit Organization That Uses Donated Money to Help Others