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 Glossary   >   F   >   "Foundation" Definition   

        Foundation

A private non-profit organisation with funds and a program managed by its own trustees and directors, established to further social, educational, religious or other charitable activities by making grants. A private foundation receives its funds from, and is subject to control of, an individual family, corporation or other group of limited number. In contrast, a community foundation receives its funds from multiple public sources and is classified in the US by the IRS as a public charity.

Foundation


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Foundation - A private non-profit organisation with funds and a program managed by its own trustees and directors, established to further social, educational, religious or other charitable activities by making grants. A private foundation receives its funds from, and is subject to control of, an individual family, corporation or other group of limited number. In contrast, a community foundation receives its funds from multiple public sources and is classified in the US by the IRS as a public charity.


Foundation : a private non-profit organisation with funds and a program managed by its own trustees and directors, established to further social, educational, religious or other charitable activities by making grants. a private foundation receives its funds from, and is subject to control of, an individual family, corporation or other group of limited number. in contrast, a community foundation receives its funds from multiple public sources and is classified in the us by the irs as a public charity.