The hidden risks and loopholes of nonprofit dissolutions.
Despite amassing billions of dollars in charitable contributions every year, a surprising number of nonprofits (about 30%) don’t survive beyond a decade.
Experts weigh in on nonprofit to for-profit transitions.
Grand Canyon University (GCU), a Christian university in Arizona with 117,800 on-campus and online students, operated as a nonprofit from 1949 to 2004 before becoming a for-profit under a publicly traded parent.