PhilanthropyWiki

Foundation

From PhilanthropyWiki

Foundation Definition

The word "foundation" has no precise legal meaning, and can be used by many different types of organisation. In philanthropic terms it is usually used to refer to a trust designed to make grants to charities or to carry out charitable purposes. It may also be used to refer to a fund which exists to provide ongoing support to a particular organisation, or to a charitable organisation itself.

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