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:
“[The Settlement House] must be grounded in a philosophy whose foundation is on the solidarity of the human race, a philosophy which will not waver when the race happens to be represented by a drunken woman or an idiot boy.”
—Jane Addams (1860–1935)