Vocabulary for Describing Non-Profit and Social Impact Organizations

Here’s a list of key terms related to Non-Profit and Social Impact Organizations with brief definitions:

• Non-Profit Organization: An organization that is not motivated by profit and operates for the benefit of a specific cause or community.
• Social Impact Organization: An organization that seeks to create positive change and address social, economic, or environmental issues.
• Mission Statement: A written statement that defines the purpose and goals of a non-profit or social impact organization.
• Donor: A person or organization that provides financial support to a non-profit or social impact organization.
• Fundraising: The process of soliciting and securing financial support for a non-profit or social impact organization.
• Grant: Financial support provided by a foundation, government, or other organization to support a specific project or program.
• Volunteer: A person who provides time and skills to a non-profit or social impact organization without compensation.
• Community Outreach: The process of engaging and building relationships with the community served by a non-profit or social impact organization.
• Social Entrepreneurship: The practice of using business and entrepreneurial strategies to address social, economic, or environmental issues.
• Impact Investing: The practice of investing in companies, organizations, or funds with the goal of generating positive social or environmental impact alongside financial returns.
• Benefit Corporation: A type of for-profit corporation that prioritizes social and environmental impact alongside financial performance.
• Non-Governmental Organization (NGO): An organization that operates independently from government, often focused on social or environmental issues.
• Sustainability: The ability to meet the needs of the present without compromising the ability of future generations to meet their own needs.
• Philanthropy: The act of giving time, resources, or financial support to causes and organizations for the public good.