Here are some of the important features of a Not-For-Profit Organization – ● The sole objective of a not-for-profit organization is to serve the nation. These organizations are mostly created for a public cause or on religious and educational fronts. ● The organizations receive a major part of their funding from contributions and donations from individuals, government, or sponsorships. ● The not-for-profit organizations are also quoted as separate legal entities. ● The management and administration of the organizations are supervised by elected members.