NGO

  

There was a farmer. Had a dog, and Bingo was his Name-O. B...I....

Okay, yeah, you get the idea. But an NGO is way more meaningful in the world. NGO stands for:

Non
Governmental
Organization

Which is an (intentionally) non-profit organization.

Like Greenpeace. The Red Cross. United Way. UNICEF. Books for Dogs.

NGOs receive all of the favorable tax and operational treatment of a normative non-profit…but, because they’re overseen and protected by Uncle Sam, there’s less pressure on them to raise a ton of money fast. So they tend to be able to focus on more long-term efforts. Like, if there’s an NGO that’s working on delivering warm clothes to every village in Zaire, they’re not going to fold if they go three weeks without holding a fundraising chili cookoff.

Which is almost a shame. Because chili cookoffs in Zaire are OFF. THE. HOOK.

Find other enlightening terms in Shmoop Finance Genius Bar(f)