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Simple English definitions for legal terms

private foundation

Read a random definition: British subject

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
13:29
I'm at your mommas house rn: https://x.com/Mansavelli_/status/1648073454665572352
triplethread
13:29
im addicted to reacting to all of the decisions
triplethread
13:29
with the emojis
HopefullyInLawSchool
13:29
I shop at Joe
HopefullyInLawSchool
13:29
Joe's
glovediedthisishismom
13:30
i shop at tawget
glovediedthisishismom
13:30
im dawk gawthic maga
triplethread
13:30
i shop at giant eagle
ForDizzyDJoy
13:31
How did i miss Fordham and American’s wave and I applied in september 🙃
13:33
Lol UC Davis took me of ED and put me in RD
13:34
surprised I didnt get straight denied
HopefullyInLawSchool
13:34
they emailed you/
HopefullyInLawSchool
13:34
?
13:35
@HopefullyInLawSchool: Yea, I just got it
i just want a cornell ii :(
13:37
yak you will be fucking shit up at cornell this time next year dw
i love u
13:38
love you too bby
glovediedthisishismom
13:42
what if desantis appoints lara trump and matt gaetz to be floridas senators
Dkk
13:42
Sounds good to me
HopefullyInLawSchool
13:43
@glovediedthisishismom: What if he appoint Ym instead?
HELP
every damn opportunity
13:47
do schools straight reject people from ed or to they always ed-rd if its a no for ED?
HopefullyInLawSchool
13:48
Some schools rject
13:49
Thanks! I couldn't find any reddit thread about it lol
13:49
but just means now I have to wait for the rejection from Davis
glovediedthisishismom
13:53
i just wanna rock
glovediedthisishismom
13:53
bodyadaya
13:53
let it rock
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