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Finance: What is NGO? 4 Views


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Description:

NGO = Non-Governmental Organization. NGOs are (intentionally) non-profit organizations. Greenpeace. United Way. Books for Dogs. You get it.

Language:
English Language

Transcript

00:00

Finance allah shmoop what is an ngo Oh come on

00:07

You remember the song Sing it with me You know

00:09

there was a farmer had a dog and bingo was

00:12

his name I'll be all right Well you get the

00:15

idea then an ngo is way more meaningful in the

00:18

world though Although not to a six year old kid

00:21

Thank you very much Ngo stands for non governmental organization

00:26

which is an intentionally nonprofit organization like greenpeace the red

00:32

cross united way unicef the x files books for dogs

00:37

all that stuff Well ngos receive all of the favorable

00:40

tax and operational treatment of a normative nonprofit but because

00:45

they're overseeing and protected by uncle sam well there's less

00:48

pressure on them to raise a ton of money fast

00:51

so they tend to be able to focus on more

00:53

long term efforts like if there's an ngo that's working

00:56

on delivering warm clothes to every village in zaire Well

01:00

they're not going toe bold if they go three weeks

01:02

without holding a fundraising chili cook off there's Some senator

01:06

or congressman or other politico who you know can shake

01:09

a tree raise money and they're off to the races

01:11

And it's Almost a shame about that cook off thing

01:13

because well chili cook offs in zaire are off the 00:01:17.559 --> [endTime] hook No

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