6-562: The Royal Drawing School is a not-for-profit educational organisation and registered charity in Shoreditch , in the London Borough of Hackney , England . It was founded in 2000 by King Charles III (then Prince of Wales ) and artist Catherine Goodman as The Prince's Drawing School and received its current name in 2014. The school runs full and part-time drawing courses each year for adults and children of all abilities. This includes
12-426: A NPO as they are not formed explicitly for the public good as an NPO must be, and NFPOs are considered "recreational organizations", meaning that they do not operate with the goal of generating revenue as opposed to NPOs. An NFPO does not have the same obligation as an NPO to serve the public good, and as such it may be used to apply for tax-exempt status as an organization that serves its members and does not have
18-472: A postgraduate programme, The Drawing Year, a Foundation Year, public programme and courses for Young Artists aged 10 – 18 yrs. It is part of The Prince's Charities , a group of not-for-profit organizations affiliated with Charles. In 2006, The Prince's Drawing School received a donation of £85,000 from The Prince's Charities Foundation . In 2018, works created by The Royal Drawing School and two other charities founded by King Charles were put on display during
24-437: Is a legal entity that does not distribute surplus funds to its members and is formed to fulfill specific objectives. An NFPO does not earn profit for its owners, as any revenue generated by its activities must be put back into the organization. While not-for-profit organizations and non-profit organizations (NPO) are distinct legal entities, the terms are sometimes used interchangeably. An NFPO must be differentiated from
30-630: The Prince & Patron exhibition to mark his 70th birthday. The Royal Drawing School has two campuses across London: in Shoreditch (where it is based in a converted warehouse) and Trinity Buoy Wharf . The school also collaborates with a number of institutions, including The National Gallery , The British Museum , Royal Academy of Arts , National Portrait Gallery and the V&;A . Not-for-profit A not-for-profit or non-for-profit organization ( NFPO )
36-586: The goal of generating profit. An example of this is a sports club , which exists for the enjoyment of its members and thus would function well as an NFPO, with revenue being re-invested into improving the organization. These organizations typically file for tax exemption in the United States under section 501(c)(7) of the Internal Revenue Code as social clubs. Common ventures for which NFPOs are established include: Charities, as NFPOs, function under
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