Search results
A foundation in the United States is a type of charitable organization. However, the Internal Revenue Code distinguishes between private foundations (usually funded by an individual, family, or corporation) and public charities ( community foundations and other nonprofit groups that raise money from the general public).
- Private Foundation (United States)
The US-based Foundation Center uses a more specific...
- Private foundation
A private foundation, in the United States, is a charitable...
- Private Foundation (United States)
“Private foundation” is the umbrella term that includes corporate, independent, family, and operating foundations. As of 2011, there were 73,764 private foundations in the United States ( Foundation Center, 2011 ). In 2011, private foundations held more than $604 billion in assets and gave away more than $45 billion ( Foundation Center, 2011 ).
Subchapter F. PART II. § 509. Quick search by citation: Title. Section. 26 U.S. Code § 509 - Private foundation defined. U.S. Code. Notes. prev | next. (a) General rule For purposes of this title, the term “ private foundation ” means a domestic or foreign organization described in section 501 (c) (3) other than— (1)
Apr 28, 2024 · A private foundation is a nonprofit or charitable organization, created with funds from a single donation, called an endowment, by an individual, family, or business. Trustees or directors...
Jul 24, 2023 · In general, a private foundation is any section 501 (c) (3) organization that does not fall into one of the categories specifically excluded from the definition of that term. Some tax law provisions apply to all private foundations. Others, however, are more narrowly focused on particular types of private foundations.
