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AOF Unit 2, Lesson 4 Not-For-Profit Vocabulary Review

AB
Bequestsgifts made in a will
Costexpense required to acquire or produce something
Endowmentpool of donated money that is usually invested
Not-for-Profit OrganizationPurpose is to support activities of public interest.
Not-for-Profit OrganizationNot operated solely for purpose of making profit
ProfitRevenue - Expenses =
Profit Marginmeasure as % of profitability,
Profit MarginProfit / Revenue
RevenueTotal sales from goods and services
EndowmentEarnings from this are used to fund an organization's goals


West Forsyth High School

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