How is an Educational Nonprofit organization considered eligible?
The statutory definition of “Nonprofit institution” that applies to the law authorizing the Executive Order does not mention eligibility under the Property Act. However 15 U.S.C 3703 states that a nonprofit institution means “an organization owned and operated exclusively for scientific or educational purposes, no part of the net earnings of which profits the benefit of any private shareholder or individual.” Hence EO 12999 does expressly require that community based organizations meet the eligibility requirement of the Property Act surplus donation program.
Related Questions
- Can a prospective principal investigator who is not part of a college/university or nonprofit organization be eligible for an award from this program?
- At what point will a nonprofit organization be eligible to receive corporate investments?
- How is an Educational Nonprofit organization considered eligible?
