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Subject:
From:
Maggie Harrer <[log in to unmask]>
Reply To:
Museum discussion list <[log in to unmask]>
Date:
Thu, 1 Mar 2001 12:54:06 EST
Content-Type:
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text/plain (19 lines)
Licensing and selling products is not a violation of not-for-profit.  The
definition of not-for-profit has to do with the function of the corporation,
i.e. it is not incorporated as a business to make profit, rather, it is
incorporated with a mission which it supports in many ways, including selling
items, as in a gift store, or licensing exhibits etc.  It does not have to do
with whether it earns or doesn't earn money.  This is a common
misunderstanding of the entire not-for-profit system.  The mission of the
corporation is what is the distinguishing factor.  IBM's mission is to sell
computers to make a profit.  A Museum's mission is educational, cultural,
etc., and it attempts to do that in a fiscally responsible manner.
Maggie

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