Joint ventures, partnerships, and alliances long accepted as good business strategy in the for-profit world are recently being adopted by nonprofits as good business strategies. Facing difficult economic times, nonprofits need to seek creative means of financing their organizations. More and more often they have turned to nonprofits and for-profit businesses for support through joint ventures and partnerships. However, while such benefit all parties involved, nonprofits of all types hospitals, research facilities and universities, and low income housing developers must be careful that the arrangements do not result in the revocation or denial of tax-exempt status.