Profit and Non-Profit
When we read the mission statements of most companies there is a underlying theme to many of their statements and it is to conduct themselves in an ethical manner, and while many believe to behave ethically is a human moral factor and cannot be attributed to a corporation there are organizations who try to do just that. In this paper we will explore the ethical values of two such organizations, the Bill and Melinda Gates Foundation an non-profit philanthropic organization and Amazon a profit based international internet retailer.
The Bill and Melinda Foundation was formed in December of 1994, its goal is to improve the world and its population though philanthropy and innovation. The organization operates as two tax exempt entities: The Foundation The foundations headquarters are in Seattle Washington, and employs nine hundred and eighty people, with offices in China, London, Delhi, India and Washington DC. “The foundation works to reduce inequities around the world. In the developing world, it focuses on improving health and alleviating extreme poverty. In the United States, the foundation supports programs related to education.” “The Trust holds the donated investment assets from Bill and Melinda Gates, and receives contributions from Warren Buffett. The primary role of the trust is to manage the investment assets and transfer proceeds to the foundation as necessary to achieve the foundation’s charitable goals.” The organization focuses its activities in three programs; The Global Development Program, which seeks to develop agriculture, provides financial development for the poor (savings accounts) and to provide clean water, sanitation and hygiene for the poor. Global Heath Program focus is to fight and prevent infectious diseases like HIV/AIDS, malaria, pneumonia and other neglected infectious diseases, but also works in conjunction with the global development program. The United States Program is to support education, libraries, the Pacific Northwest, and special initiatives. The foundation invokes the values of optimist seeing the glass as half full and ready to take on the problems others deem too difficult or impossible thought collaboration where they recognize their own resources can only go so far but in working with others the impact will be greater. Intense rigor to pursue the max results with focus and discipline and through innovation where the most difficult problems may only be solved with creativity and innovative ideas. Nonprofit philanthropic organizations can face many criticisms one being the constant questioning of the altruistic motives of its benefactors, in the case of Bill and Melinda Gates it is to ignore the critics and move on to changing the world. Other obstacles include the possible misappropriations of funds and resources given to help some countries. Then foundation works very hard to make sure this does not happen by implementing strict policies. Regardless of the good intentions of the Gates Foundation, the organization is not immune to criticism. There are those who believe the foundation is not listening. They believe the foundation is too heavy handed in saying how their donations are to be used that they rely too much on the testimony of experts than that of the people living the experience. Or that unlike drug companies who seek only to manage diseases such as malaria and polio, the Gates foundation seeks a more aggressive approach by pushing risky innovations to eradicate these diseases. To many this is too lofty a goal and they feel the organization should maintain the status quo. These ventures do not only extend to foreign nations, but also the United States. The goal here is to double the number of low income student finishing college or graduating high school to better equip them for the job market. The foundation has received criticism for being hard lined in
adhere to within the financial everyday aspects of the corporation being ran with precision. So what happens when an organization is not ran financially like a corporation yet deals with almost the same kind of aspects? A non-profit organization can be one…
Animal Welfare Institute (AWI) searches for suffering or inflicted animals and try to save them. AWI was founded in 1951. They have expanded their work to address many other ways of saving animals. The AWI does many things to help animals, but especially companion animals. Many people would want to share their lives with a companion animal, like a cat or a dog, but not all of them get treated very nicely. During air travel most companion animals get lost or injured. For example, when you are in…
Non-Profit Analysis Project Liberty University Penny LeBaron Busi 602 Carlson Hurst Part 1: Christian World View According to Del Tackett’s article on the Focus on the Family website, a person with a Biblical world view “believes his primary reason for existence is to love and serve God” (Tackett, 2012). Barna Research Group asks the following questions to determine if a person has a Biblical worldview: “Do absolute moral truths exist? Is absolute truth defined by the Bible? Did Jesus…
Determining Non-Profit Attributes Table of Contents Objective 3 Research Methodology 3 Quantitative 3 Qualitative 3 Secondary Research 4 What is a Non-Profit Organization? 4 Why Do Organizations Need Donations? 4 • Public Service 4 • Economic Challenges 4 • Generational Challenges 4 Understanding Philanthropy 5 Why Do People Donate? 5 • Personal experiences 5 • They want to make a difference 5 • They want to do something active about a problem or take a stand on a…
62% of the hospitals are non-profit, In 2003, of the roughly 3,900 nonfederal, short-term, acute care general hospitals in the United States, the majority—about 62 percent—were nonprofit. The rest included government hospitals (20 percent) and for-profit hospitals (18 percent). There are presently 141 accredited MD-granting institutions - http://en.wikipedia.org/wiki/List_of_university_hospitals http://en.wikipedia.org/wiki/List_of_medical_schools_in_the_United_States Spending comes from programs…
The difference between for profit and nonprofit schools is that nonprofit schools receive their capital through wealthy alumni and donations but for profit schools are invested in and receive their capital from selling shares and enrolling students. This means that unlike nonprofit schools where the main worry of the facility is the service it provides since it directly correlates with the amount of capital it will receive, for profit schools have the additional matter of selling share, receiving…
any other group in the United States of America was the non-profit charitable organizations. That was becase this group relied for its income from donations much more than any other group of organizations. The loss of spendable income by the citizens of the country, and the loose of returns from the financial markets, in general were devastating to the nation’s non-profit organizations. At the time I had just gone to work for a non-profit organization that ran two museums and had just lost its…
Leadership in the Non-Profit World 10/27/2014 President Joel Essay #1 Leadership Great leadership can be so transformational that miracles can be the result. In the year 1981, a perfect example of leadership emerged in the midst of the Cold War. Herb Brooks, the coach of the USA Olympic hockey squad, was charged with the responsibility of forming a cohesive team out of young collegiate hockey players. Their task was to play on the greatest stage against the most dominant…
Accounting for Nonprofit Hospitals- can be governmentals, not-for-profit and for-profit FASB and the AICPA audit guide are the standard setters for nonprofit hospitals and so the requirements are generally the same as other nonprofits, except for the items mentioned below. A performance indicator (operating income/loss) must be reported, plus other changes in unrestricted net assets. This is called the “above/below the line” Statement of Operations (Activity) classification. Statement of Operations…
Article Summary for Non-For-Profit Accounting Brief Summary of Main Points of Article: Non for Profit Organizations were owed more than $200,000 for services provided to state governments during 2012, and almost a third of these non for profit organizations received late payments from governments. Also, about half of the nonprofits that were affected by this said that these late payments that they were receiving from governments created problems for their organizations. During the recession, nonprofits…