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LSDefine

Simple English definitions for legal terms

private foundation

Read a random definition: Brandeis brief

A quick definition of private foundation:

A private foundation is a type of charitable organization that is funded by one source and uses its income from investments to make grants to other charitable organizations. It is exempt from taxation and can be either a private nonoperating foundation, which solely makes grants, or a private operating foundation, which conducts its own charitable programs.

A more thorough explanation:

A private foundation is a type of charitable organization that is funded by a single source and makes grants to other charitable organizations. It is generally exempt from taxation.

There are two types of private foundations:

  • Private nonoperating foundation: A charitable organization that derives its income from investments rather than contributions and makes grants to other charitable organizations.
  • Private operating foundation: A private foundation that conducts its own charitable program rather than making grants to other charitable organizations.

For example, the Bill and Melinda Gates Foundation is a private nonoperating foundation that makes grants to other charitable organizations to improve global health and education. On the other hand, the Ford Foundation is a private operating foundation that conducts its own charitable programs to promote social justice and human welfare.

These examples illustrate the definition of private foundation by showing how they are funded by a single source, exempt from taxation, and make grants or conduct their own charitable programs to further their particular charitable purpose.

private fact | private grant

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Dkk
19:42
Maybe, didnt happen last time.
19:42
it was hard to not improve it. google search was terrible due to the ads and seo cheaters with buzz words and alt text
Dkk
19:42
SEO is big money
2016 pushed the conservative party into populism irreversibly
Dkk
19:43
Maybe, but if this is populism, then every election is populist.
19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
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