private foundation
Nonprofit funding organization
A private foundation is a charitable organization funded primarily by a single source—typically a wealthy individual, family, or corporation—rather than by public donations.
Unlike public charities, private foundations usually don't conduct their own programs but instead make grants to other nonprofits: The Gates Foundation is a private foundation that funds global health initiatives.
U.S. tax law imposes stricter rules on private foundations, including required annual distributions and limits on self-dealing.
- charitable givingDonating to help others
- family wealthResources inherited from relatives
- board of directorsGoverning body of organization
- excise taxesLevies on specific commodities
- community outreachEfforts to engage locals
giving back · social good · nonprofit sector · endowment · bylaws · scholarships · corporate giving · grant-making · research grants · fiduciary duty · trustee · tax-exempt status · tax benefits · altruism · disaster relief · ethical investing · arts funding · articles of incorporation
- philanthropydonations, charity work, donate, give, giving
- nonprofitscharity shop, charity organizations, nonprofit, nonprofits, charities
- private institution
- nonprofit law501(c)(3), charitable trust, tax exemption, public charity, nonprofit status
- charitable givingcharitable gift, charitable gifts, donation, donations, contribution
- private companiesstartup, Ltd, LLC, partnership, sole proprietorship
private foundationpublic charity
Organization serving community welfare
donor-advised fund · charitable trust · grassroots organization · nonprofit organization
private foundationgovernment agency
State administrative body
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