Definitions for private foundation
pri·vate foun·da·tion

Princeton's WordNetRate this definition:0.0 / 0 votes

1. private foundationnoun

   a charity that does not receive a major part of its support from the public

WikipediaRate this definition:0.0 / 0 votes

1. Private foundation

   A private foundation is a tax-exempt organization not relying on broad public support and generally claiming to serve humanitarian purposes. The Bill & Melinda Gates Foundation is the largest private foundation in the U.S. with over $38 billion in assets. Most private foundations are much smaller. Out of the 84,000 private foundations that filed with the IRS in 2008, approximately 66% have less than $1 million in assets, and 93% have less than $10 million in assets. In aggregate, private foundations in the U.S. control over $628 billion in assets and made more than $44 billion in charitable contributions in 2007.Unlike a charitable foundation, a private foundation does not generally solicit funds from the public or have the legal requirements and reporting responsibilities of a registered, non-profit or charitable foundation. Not all foundations engage in philanthropy: some private foundations are used for estate planning purposes.

ChatGPTRate this definition:0.0 / 0 votes

1. private foundation

   A private foundation is a non-governmental, non-profit organization with funds usually from a single individual, family or corporation and whose primary purpose is to make grants to other charitable organizations, support various causes or projects. Private foundations are typically governed by a board of trustees and are subject to specific legal and tax regulations.

WikidataRate this definition:0.0 / 0 votes

1. Private foundation

   A private foundation is a legal entity set up by an individual, a family or a group of individuals, for a purpose such as philanthropy or an object legal in the economic operation. The Bill & Melinda Gates Foundation is the largest private foundation in the U.S. with over $38 billion in assets. However, most private foundations are much smaller and approximately two-thirds of more than 84,000 filing with the IRS in 2008 have less than $1 million in assets and 93% have less than $10 million. In aggregate, private foundations in the U.S. control over $628 billion in assets and made more than $44 billion in charitable contributions in 2007. Unlike a charitable foundation, a private foundation does not generally solicit funds from the public. Not all foundations engage in philanthropy. Private foundations are often used for estate planning purposes.

Matched Categories

1. • Charity

How to pronounce private foundation?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

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   Fred

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   Tessa

   South African

How to say private foundation in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of private foundation in Chaldean Numerology is: 3

2. Pythagorean Numerology

   The numerical value of private foundation in Pythagorean Numerology is: 3

Examples of private foundation in a Sentence

1. Kareem Lanier:

   I will say this about our organization. We haven't taken one dime from the federal government. We haven't gotten one dime from the Trump campaign or any campaign. All the monies that we've gotten into our private foundation has come from private donors that support what we're doing.

References

1. ^ Princeton's WordNet
   http://wordnetweb.princeton.edu/perl/webwn?s=private foundation
2. ^ Wikipedia
   https://en.wikipedia.org/wiki/Private_Foundation
3. ^ ChatGPT
   https://chat.openai.com
4. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=private foundation