What is the most correct statement about not-for-profit corporations?

Not-for-profit corporations play a unique role in the healthcare system and can issue tax-exempt (municipal) debt, which is a key aspect of their financial structure. The ability to issue tax-exempt debt allows these organizations to access capital at lower interest rates, helping them fund their operations and projects without the burden of high borrowing costs. This financial flexibility is crucial for not-for-profits, especially in the healthcare sector, where capital expenditures can be substantial for facilities, equipment, and services aimed at community health.

The other options provided are inaccurate reflections of not-for-profit corporations. Not-for-profits are not established to generate profit for shareholders, meaning they do not distribute profits in the same way a for-profit corporation does. Additionally, they are actively engaged in fundraising activities to support their missions, often relying on donations, grants, and events to raise funds. Lastly, while some not-for-profit organizations may have a focus on public service, they are not owned by the government; they operate independently and are governed by a board of directors. This independence is essential for maintaining their mission-driven objectives without government control.