When a nonprofit organization receives funding, it’s important for it to know if it should classify those incoming funds as receipts from a contract, or receipts from a grant. How the funds are categorized can lead to very different outcomes for the nonprofit organization. For example, the characterization will...
![](https://nonprofitlawblog.com/assets/Payment-Grant-Contract-scaled-3029503508-1647148688825.jpeg)
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