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For most professionals, being invited to join a board of directors or advisors for a nonprofit organization is an honor. However, it is not an offer that should be taken without consideration. You’ll ...

Companies with high gross margins will have money left over to spend on research and development or marketing. When analyzing ...

Ask independent booksellers to name the guiding principles of the trade, and chances are that one of the first words out of all their mouths will be community. But building it takes time and money, ...

Forbes contributors publish independent expert analyses and insights. I write on the human/political issues surrounding college admissions. The College Board, a nonprofit established to democratize ...

You can earn a degree and a good education at both profit and nonprofit universities. The main difference between the two types of universities is how they spend the money they receive. Being a ...

OpenAI was founded as a nonprofit research lab in 2015 by Altman, Elon Musk, and Ilya Sutskever, among others. Born out of concern that financial incentives could lead A.I. astray, OpenAI declared in ...

Understanding the difference between revenue and profit is essential in understanding basic and complicated economics. Even if you don’t know exactly what these terms mean, you’ve heard the words in ...

OpenAI took the tech world by surprise — again — when it announced last week that it was changing its governance structure and going all-in on profit for social good. Since its launch in 2015, OpenAI ...

Many U.S. hospitals provide charity care to financially disadvantaged patients without the expectation of getting paid for their services. Nonprofit hospitals receive a sizable tax exemption — ...

OpenAI said on Monday that it will continue to be controlled by a nonprofit as it restructures into a commercial entity. Founded as a nonprofit lab in 2015, OpenAI has faced pressure from civic ...