Foundation (non-profit)
A foundation (also a charitable foundation) is a legal categorization of nonprofit organizations that will typically either donate funds and support to other organizations, or provide the source of funding for its own charitable purposes.
This type of non-profit organization differs from a private foundation which is typically endowed by an individual or family.
Read more about Foundation (non-profit): Description, Europe, Foundations in Civil Law
Famous quotes containing the word foundation:
“I believe that the mind can be permanently profaned by the habit of attending to trivial things, so that all our thoughts shall be tinged with triviality. Our very intellect shall be macadamized, as it were,—its foundation broken into fragments for the wheels of travel to roll over.”
—Henry David Thoreau (1817–1862)