2. Name other types of nonprofit organizations. Describe their cash flow sources. Millions of low-income, unemployed, and

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2. Name other types of nonprofit organizations. Describe their cash flow sources.

Millions of low-income, unemployed, and self-employed people are without adequate health insurance. To assist these persons, community health care facilities are formed to provide medical services.

Staff members are continually seeking funding sources and applying for grants. State and federal government agencies provide opportunities to finance health care programs for lower-income populations. Foundations also exist to serve various social needs. These charitable organizations, often funded by major corporations, provide grants to serve people in difficult economic situations.
Donations to these health clinics are tax deductible since they are tax-exempt, nonprofit organizations. Donors report amounts given to charitable organizations on federal income tax returns to reduce their taxable income. To attract additional donations, clinics often plan marketing and promotional activities. A community health fair can expand awareness of preventive health practices while also increasing potential donations.

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Business Finance

ISBN: 9780357532348

1st Edition

Authors: Les Dlabay, James L. Burrow

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