Section 700.13 - Additional provisions for awards to for-profit entities(a) This paragraph contains additional provisions that apply to awards to for-profit entities. These provisions supplement and make exceptions for awards to for-profit entities from other provisions of this part. (1) Prohibition against profit. The agency or pass-through entity will not provide funds as profit to any for-profit entity receiving or administering Federal financial assistance as a recipient or subrecipient. Federal financial assistance does not include contracts as defined at 2 CFR 200.1 , other contracts a Federal agency uses to buy goods or services from a contractor, or contracts to operate Federal government owned, contractor operated facilities (GOCOs). Profit is any amount in excess of allowable direct and indirect costs. 80 FR 55722 , Sept. 17, 2015, as amended at 87 FR 60059 , Oct. 4, 2022 87 FR 60059 , 11/3/2022; 89 FR 63074 , 10/1/2024